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Planet lands 0 million contract for Pelican imagery satellites

Planet lands $230 million contract for Pelican imagery satellites

Business News

An animated rendering of a Pelican satellite in orbit. Planet Satellite imagery and data analysis company Planet announced it had signed a $230 million contract on Wednesday, with an anchor customer furthering the rollout of its next-generation Pelican satellites. “It is a momentum-building event. … It’s both our biggest deal ever and it’s a significant […]

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Frontier Airlines proposes merging with fellow budget carrier Spirit — again

Frontier Airlines proposes merging with fellow budget carrier Spirit — again

Business News

A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Frontier Airlines said Wednesday it has again proposed merging with struggling rival Spirit Airlines, which is in bankruptcy. Frontier and Spirit first announced a deal to merge

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Starbucks shakes up its leadership again, adding two former Taco Bell executives

Starbucks shakes up its leadership again, adding two former Taco Bell executives

Business News

Brian Niccols, CEO of Starbucks, speaking with CNBC on Oct. 31, 2024. CNBC Starbucks announced another stage in its leadership shake-up on Tuesday, as CEO Brian Niccol will bring in two more executives who spent time at his former employer Taco Bell while dividing key leadership roles. “As we focus on our ‘Back to Starbucks’

Starbucks shakes up its leadership again, adding two former Taco Bell executives Read More »

Starbucks earnings top estimates, but same-store sales decline for fourth straight quarter

Starbucks earnings top estimates, but same-store sales decline for fourth straight quarter

Business News

The Starbucks logo is seen on a cup at one of its cafes on April 26, 2024. Jakub Porzycki/ | Nurphoto | Getty Images Starbucks on Tuesday reported that its same-store sales slid for the fourth consecutive quarter, but the company’s quarterly earnings and revenue beat Wall Street’s expectations. The coffee giant kicked off a

Starbucks earnings top estimates, but same-store sales decline for fourth straight quarter Read More »

FDA approves Novo Nordisk’s diabetes drug Ozempic for chronic kidney disease, expanding its use

FDA approves Novo Nordisk’s diabetes drug Ozempic for chronic kidney disease, expanding its use

Business News

The Food and Drug Administration on Tuesday approved Novo Nordisk‘s Ozempic for patients with chronic kidney disease and diabetes, expanding the use of the wildly popular injection in the U.S.  The drug is already widely used and covered to treat Type 2 diabetes. The FDA’s decision means Ozempic can now be used to reduce the

FDA approves Novo Nordisk’s diabetes drug Ozempic for chronic kidney disease, expanding its use Read More »

Boeing is working with Elon Musk to deliver Air Force One replacements sooner

Boeing is working with Elon Musk to deliver Air Force One replacements sooner

Business News

First Lady Melania Trump laughs as she watches US President Donald Trump cut with a saber into a cake representation of the new Air Force One design during the Commander-In-Chief inaugural ball at the Walter E. Washington Convention Center in Washington, DC, on Jan. 20, 2025. Patrick T. Fallon | AFP | Getty Images Boeing

Boeing is working with Elon Musk to deliver Air Force One replacements sooner Read More »

Elon Musk’s X begins its push into financial services with Visa deal

Elon Musk’s X begins its push into financial services with Visa deal

Business News

Elon Musk’s social media platform X on Tuesday announced the launch of a digital wallet and peer-to-peer payments services provided by Visa. X struck a deal with Visa, the largest U.S. credit card network, to be the first partner for what it is calling the X Money Account, CEO Linda Yaccarino announced in a post on

Elon Musk’s X begins its push into financial services with Visa deal Read More »

Microsoft’s underperformance has investors looking to cloud for growth

Microsoft’s underperformance has investors looking to cloud for growth

Technology News

Satya Nadella, CEO of Microsoft, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBC Microsoft is in the middle of the artificial intelligence boom, but it’s been a while since investors have seen the rewards. The software giant’s stock price is up less

Microsoft’s underperformance has investors looking to cloud for growth Read More »

Boeing CEO lays out recovery plan after company’s sixth annual loss

Boeing CEO lays out recovery plan after company’s sixth annual loss

Business News

Kelly Ortberg speaks at the 14th annual U.S. Chamber Of Commerce Foundation Aviation Summit in downtown Washington, D.C. Kris Tripplaar | SIPPL Sipa USA | AP Boeing reported fourth-quarter results before the market opening on Tuesday. Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting: Loss per share:

Boeing CEO lays out recovery plan after company’s sixth annual loss Read More »

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