Flights will still take off and travelers can keep booking tickets, the low-cost carrier said, as the company enters Chapter 11 bankruptcy.
Category: Mergers, Acquisitions and Divestitures
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Spirit Airlines Files for Bankruptcy
The low-fare carrier has struggled to find its footing after its planned merger with JetBlue was blocked by a federal judge.
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Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger
Tapestry, the owner of Coach, said it would abandon its $8.5 billion deal to buy Capri, the parent company of Michael Kors, after the Federal Trade Commission successfully sued to stop the transaction.
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The Onion Buys Alex Jones’s Infowars Out of Bankruptcy
The satirical news site planned to turn Infowars into a parody of itself, mocking “weird internet personalities” who peddle conspiracy theories and health supplements.
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What a Matt Gaetz Justice Department Would Mean for Business
The Trump loyalist supports an “aggressive” antitrust approach and has called for breaking up Big Tech. But can the controversial nominee win Senate approval?
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Volkswagen and Rivian Form Joint Venture, Deepening Alliance
The new agreement builds on an earlier announcement in which the German automaker said it would invest up to $5 billion in Rivian, a maker of electric vehicles. The new venture brings them closer.
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US Regulators Seek to Block UnitedHealth’s $3.3 Billion Purchase of Home Care Company
The Justice Department and four Democratic state attorneys general argued that United’s takeover would limit competition and harm consumers needing home or hospice care.
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The Big Names Angling for Roles in Trump’s Cabinet
Lobbyists are trying to connect executives with the Trump transition team, and some familiar names are in the mix for top jobs.
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How FTC Chair Lina Khan Became an Election Hot Topic
The Federal Trade Commission chair drew increasing political vitriol as the presidential vote neared. Her political future hangs in the balance.