

J. Edward Moreno
Posts

UPS to Cut 12,000 Jobs as Wages Rise and Package Volumes Fall
After what the company called a “difficult and disappointing” 2023, UPS said the cuts would save $1 billion this year.

JetBlue Says It May Back Out of Deal to Acquire Spirit Airlines
JetBlue now says that it could back out of the acquisition just a week after the company said it intended to appeal a judge’s decision...

Microsoft Cuts 1,900 Jobs in Its Video Game Division
The reductions come three months after the tech giant completed its $69 billion acquisition of Activision Blizzard.

Exxon Sues to Prevent Climate Proposal From Shareholder Vote
The complaint, filed in a U.S. District Court in Texas, said a proposal by activist investors calling for the oil giant to cut emissions faster...

Stocks Are in a Bull Market. What Does That Mean?
It doesn’t mean stocks will continue to rise indefinitely, but it does reflect a generally optimistic outlook on Wall Street.

Spirit Airlines Is on Shaky Footing After Judge Blocks JetBlue Deal
Some investors and analysts said the airline might have to seek bankruptcy protection if it couldn’t find another buyer.

Judge Blocks JetBlue From Acquiring Spirit Airlines
The ruling is a victory for the Justice Department, which had argued that the merger would reduce competition.

Alaska Airlines and Passengers Face More Disruption Over Boeing Plane
The airline has grounded 20 percent of its fleet and canceled hundreds of flights until the 737 Max 9 can undergo safety inspections.

Boeing’s Stock Drops as Investors Assess the Alaska Airlines 737 Fallout
The aircraft maker and a key supplier of parts were punished in the markets after a chunk of a plane’s fuselage blew out on an...

Boeing’s Stock Drops as Investors Assess Fallout From 737 Max Incident
The aircraft maker and a key supplier of parts were punished in the markets after a chunk of a plane’s fuselage blew out on an...