JetBlue Airways and Spirit Airlines on Monday said they were terminating their merger agreement weeks after losing a federal antitrust lawsuit that challenged the deal. A federal judge blocked the attempted merger in January after the Justice Department sued to bar the deal last …
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The European Commission, the European Union’s executive arm, on Monday hit Apple with a 1.8 billion euros ($1.95 billion) antitrust fine for abusing its dominant position on the market for the distribution of music streaming apps. The …
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Business
A year after Silicon Valley Bank failed, another regional lender flashes warning signs
by adminRegional lender New York Community Bank finds itself in an apparently worsening predicament, just as the anniversary of last year’s banking turmoil nears. Shares of the troubled lender plunged 25% Friday to below $4 apiece after NYCB restated recent quarterly earnings lower …
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Chrysler recalling 338,000 Jeep Grand Cherokees over potentially faulty steering part
by adminChrysler is recalling more than 338,000 recent-model Jeep Grand Cherokees because they may have faulty steering components. In a letter posted Tuesday on the National Highway Traffic Safety Administration’s website, Chrysler said the affected vehicles’ …
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Walmart-linked Green Dot Bank receives proposed Federal Reserve order over allegedly faulty consumer practices
by adminGreen Dot Bank, best known for partnering with Walmart to provide basic digital banking services to customers, said it has received a proposed consent order from the Federal Reserve over allegedly faulty consumer protection and …
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GM expands North America recall for potentially faulty tailgates to 820,000 trucks
by adminGeneral Motors has expanded an earlier recall of its trucks over a faulty tailgate to include 820,000 vehicles sold in the U.S. and Canada. In a recent letter posted on the National Highway Traffic Safety …
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If you’re a TSA PreCheck member traveling on United Airlines via Chicago’s O’Hare or Los Angeles international airports, life just got a bit easier. United recently updated its website to show that ‘Touchless ID’ technology, …
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Former FTX chief Sam Bankman-Fried seeks no more than six years in prison as sentencing trial awaits
by adminLawyers for Sam Bankman-Fried, the former head of the collapsed cryptocurrency exchange FTX, have requested a sentence of just five to six years in prison in the wake of his conviction last year on seven …
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Business
Forget a new bathroom, just fix the faucet: Consumers take a break from home renovations
by adminHouseholds are hitting pause on their tub-to-shower conversion plans and buying new shower curtains instead. After a pandemic-era renovation craze, the nation’s two largest home improvement retailers say customers are spending less on big projects …
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The Biden administration’s move Monday to try to block the $24.6 billion deal to combine Kroger and Albertsons supermarket chains came as no surprise. This White House has launched some of the most aggressive antitrust …