Spirit Plans Layoffs and Plane Sales Amid Financial Turbulence

The company disclosed its plans for $80 million worth of cost-cutting moves, but has shared few details.

Business - Inc. - October 28

Spirit Airlines files for bankruptcy amid mounting financial losses

Biggest US budget airline says it expects to operate as normal as it works its way through Chapter 11 process. Spirit Airlines said Monday that it has filed for bankruptcy protection and will ...

World - The Guardian - 6 days ago

Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says

Volkswagen is considering wide spread pay cuts and layoffs as well as closures or size reductions of its plants in Germany, the company's works council said Monday.

Business - CNBC - October 28

Spirit Airlines Plane Shot at in Haiti and Forced to Divert

A day after the prime minister of Haiti was fired, the airport in Port-au-Prince was closed because of the attack on the aircraft. A JetBlue plane was also struck.

World - The New York Times - November 12

Spirit Airlines and JetBlue planes struck by gunfire in Haiti

Flights into and out of Port-au-Prince, Haiti, were suspended after a Spirit Airlines plane was struck by gunfire while attempting to land there.

Twins shuffle front office with new GM, bigger role for Derek Falvey amid plans for team's sale

Jeremy Zoll has been named the new general manager

Sports - CBS Sports - November 12

Plane fails to land amid fierce typhoon in Taiwan

A plane at Taoyuan Airport was forced to abort its initial landing amid strong winds.

Spirit Airlines flight attendant injured after plane to Haiti struck by gunfire

A Spirit Airlines flight to Haiti was hit by gunfire on Monday, injuring a flight attendant, as the State Department warned of "gang-led efforts" to stop travel to the country.

Flights to Haiti Canceled After Spirit Airlines, JetBlue Planes Hit by Suspected Gunfire

The main airport in Port-au-Prince is temporarily closed to air traffic. The country is embroiled in political unrest.

World - The Wall Street Journal - November 11

Spirit Airlines flight attendant hurt after plane struck by gunfire

A Spirit Airlines flight from Ft. Lauderdale, Florida, was hit by gunfire as it was landing in Port-au-Prince, Haiti. One flight attendant was hurt and the flight diverted to the Dominican Republic.

Spirit Airlines files for bankruptcy following mounting debt and a failed merger

Spirit Airlines said Monday it has filed for Chapter 11 bankruptcy protection after struggling with losses, growing debt and a failed merger during the post-pandemic travel lull.

‘There is no money’: Cuba fears total collapse amid grid failure and financial crisis

Repeated blackouts leave residents concerned about food, water supply and Cuba’s future. Maria Elena Cárdenas is 76 and lives in a municipal shelter on Amargura Street in Havana’s colonial old ...

World - The Guardian - October 26

TGI Fridays Files for Bankruptcy Protection Amid Financial Troubles

Dallas-based TGI Fridays filed for Chapter 11.

Business - Inc. - November 3

Several airlines suspend flights to Haiti after JetBlue and Spirit planes hit by gunfire

A number of airlines have suspended flights to Haiti after a Spirit Airlines plane and a JetBlue plane were hit by gunfire amid escalating gang violence in the Caribbean nation. CBS News senior ...

Musk, Ramaswamy lay out plans for 'mass' federal layoffs, rule rollbacks under Trump

Tech entrepreneurs Elon Musk and Vivek Ramaswamy said Wednesday that their brand-new government efficiency panel will identify “thousands” of regulations for President-elect Trump to eliminate, ...

Politics - The Hill - 4 days ago

STMicroelectronics Sees Slowing Sales and Profit Growth

STMicroelectronics delayed a key sales target it hoped to hit much earlier, and cut its gross margin forecast, as the chip inventory glut that has plagued the industry in recent years continues to ...

Business - The Wall Street Journal - 4 days ago

Temu owner PDD misses sales estimates amid China slowdown

Shares drop after tech group warns on ‘intensified competition’

World - Financial Times - 3 days ago

Genetic testing firm 23andMe cuts 40% of its workforce amid financial struggles

Company says it will cut about 200 employees as value plummets in aftermath of huge data breach. The genetic testing firm 23andMe said on Monday it would cut about 40%, or 200 employees, from its ...

World - The Guardian - November 12

What to know about 23andMe private data collected amid company's financial issues

The DNA testing company 23andMe is facing serious financial concerns and has announced major restructuring. CBS News MoneyWatch correspondent Kelly O'Grady explains what happens to the private ...

Pearson Underlying Sales Rise, Plans Further Growth Through AI

Pearson delivered higher underlying sales for the third quarter, supported by growth across all divisions, and said it planned to accelerate its artificial-intelligence capabilities to drive ...

Business - The Wall Street Journal - October 29

U.K. Plans to Fine Tech Executives for Illegal Weapon Sales Online

In a bid to curb knife crime, the government would hold officials of tech companies personally liable for illicit sales on their platforms, a significant shift in internet regulation.

World - The New York Times - November 13

Unilever shelves planned sale of its ice cream business to private equity

Chief executive Hein Schumacher wants to separate division as part of turnaround plan

Business - Financial Times - 4 days ago

Auburn team plane forced to return to airport after players fight on flight to Houston for Saturday's game

Freshman Jahki Howard and senior Ja'Heim Hudson were kept back and will not play Saturday vs. the Cougars after altercation in air

Sports - CBS Sports - November 9

Investors should stay with their long-term financial plans no matter who is in the White House, advisors say

How to shore up your finances in preparation for a second Trump term.

Business - CNBC - November 11

Volkswagen profit plunges 42% in third quarter amid sweeping overhaul plans

German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter.

Business - CNBC - October 30

Harris plans to speak at Howard amid GOP calls for her to concede

Vice President Harris will speak at Howard University on Wednesday afternoon amid calls for her to concede to President-elect Trump after the Republican won the 2024 election and is set to make an ...

Politics - The Hill - November 6

Apple sells $46 billion worth of iPhones over the summer as AI helps end slump

Apple snapped out of a recent iPhone sales slump during its summertime quarter

Tech - ABC News - October 31

Band-Aid, Tylenol parent’s sales miss the mark amid weakness in skin health

Kenvue tops profit view but sales fall a bit shy, as skin health and beauty see weakness.

Business - MarketWatch - November 7

23andMe reports sales decline a day after announcing plans to cut 40% of workforce

Embattled genetic testing provider 23andMe said Tuesday that revenue declined from a year earlier, a day after the company announced a cost-cutting plan.

Business - CNBC - November 12

China blocking UK plans in Beijing amid east London mega-embassy dispute

Exclusive: UK rebuild of Beijing embassy held up as Angela Rayner faces fraught decision on Royal Mint Court site. UK politics live – latest updates China is blocking requests to rebuild the ...

World - The Guardian - November 5

Japan plans ‘conveyor belt road’ linking Tokyo and Osaka amid delivery driver shortage

It is hoped ‘innovative’ 24-hour design will also cut carbon emissions, as demand for delivery services soars. Six decades after the bullet train first whisked passengers between Tokyo and Osaka, ...

World - The Guardian - November 6

Bentley Motors further delays all-EV plan amid weak demand as it embraces plug-in hybrids

Bentley said it plans to offer a new EV or plug-in hybrid electric vehicle (PHEV) each year until 2035, starting with its first all-electric vehicles in 2026.

Business - CNBC - November 7

Bentley Motors further delays all-EV plan amid weak demand as it embraces plug-in hybrids

Bentley Motors is once again pushing back a target to exclusively offer all-electric vehicles, with plans to continue leaning into plug-in hybrid electric vehicles until at least 2035.

How Jets plan to conduct search for new head coach, general manager amid another lost season

One person who won't be interviewing? Bill Belichick

Sports - CBS Sports - 5 hours ago

Unemployment Applications Rose, But Layoff Levels Are Low

The four-week average of claims fell by 9,750 to 227,250.

Business - Inc. - November 8

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