Day: July 7, 2022

Spirit Airlines again puts off a vote on Frontier’s offer as it mulls JetBlue’s.

Spirit Airlines said Thursday that it had again delayed a shareholder vote on its proposed acquisition by Frontier Airlines, allowing it to continue discussions with Frontier and with JetBlue Airways, which has made a rival bid. The vote, which was to take place Friday morning, was rescheduled for July 15. The postponement is the third …

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Dallas Cowboys Face Criticism After Partnership With Black Rifle Coffee

The Dallas Cowboys are facing criticism after announcing a new partnership with Black Rifle Coffee, the veteran-owned brand popular with conservatives and gun owners that sells roasts with names like “AK Espresso,” “Murdered Out” and “Silencer Smooth.” The Cowboys announced the partnership on Twitter on Tuesday with a video that shows highlights of the team …

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German Lawmakers Pave the Way To Rescue Critical Energy Providers and Gas Supplies.

German lawmakers approved a measure on Thursday that will allow the government to throw a lifeline to companies struggling with the record-high price of gas and with cuts in supplies from Russia. The law, passed in the lower house of Parliament, is part of a wider package that aims to help Germany maintain the security …

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More Fed Officials Back a Big July Rate Move, but Downplay Recession Fears

Two Federal Reserve officials expressed support on Thursday for making a second large rate increase at the central bank’s upcoming meeting and argued that, while there are early signs that the economy is slowing somewhat, data on gross domestic product overstate the extent of any pullback. The Fed raised interest rates by 0.75 percentage points …

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No. 2 Theranos Executive Found Guilty of 12 Counts of Fraud

SAN JOSE, Calif. — Ramesh Balwani, a former top executive at Theranos, was found guilty on Thursday of 12 counts of fraud, in a verdict that was more severe than that of his co-conspirator, Elizabeth Holmes, and solidifying the failed blood-testing start-up as the ultimate Silicon Valley cautionary tale. Mr. Balwani and Ms. Holmes, who …

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Jobs Aplenty, but a Shortage of Care Keeps Many Women From Benefiting

A dearth of child care and elder care choices is causing many women to reorganize their working lives and prompting some to forgo jobs altogether, hurting the economy at a moment when companies are desperate to hire, and forcing trade-offs that could impair careers. Care workers have left the industry in large numbers amid the …

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Match Group Suspends Some Political Donations After Abortion Ruling

Facing scrutiny for donations to the Republican Attorneys General Association, whose members supported the overturning of Roe v. Wade, Match Group said it would suspend further contributions to the association as well as the Democratic Attorneys General Association. Match Group, a Texas-based company that operates dating sites like Tinder and Hinge, has been among the …

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Rivian R1S SUV EV to launch as factory output jumps

Technically, Rivian was building some R1S vehicles but not delivering them to the public. Deliveries began to employees starting in December 2021, Rivian said, including the first one to Scaringe himself. Deliveries will soon shift to increasingly impatient reservations holders starting in August or September. That will mark an important milestone since Rivian has more …

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