In a significant move towards improved labor relations within the airline industry, American Airlines flight attendants have finalized a transformative five-year labor agreement. This contract marks the resolution of one of the most protracted negotiations in recent aviation history, culminating in a notable wage increase of up to 20.5%. The approval from 87% of the
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In a revealing turn of events, Stellantis, the automotive giant formed by the merger of Fiat Chrysler and PSA Group, finds itself entwined in an unsettling discord. An open letter directed to CEO Carlos Tavares by the U.S. dealer network, represented by Kevin Farrish, highlights mounting concerns regarding the company’s recent performance. Far from an
As the 2024 Olympics and Paralympics in Paris have set the bar high for the upcoming summer Games in Los Angeles in 2028, key stakeholders are emphasizing the importance of adequate preparation. Los Angeles Mayor Karen Bass expressed her concerns about the extensive work needed to be done in the city to ensure it is
Sales of ultra-luxury homes have seen a surprising surge in specific regions of the United States during the second quarter. As reported by real estate firm Knight Frank, cities like New York, Miami, and Palm Beach, Florida, experienced significant growth in the number of homes selling for $10 million or more. While Palm Beach saw
Discount home goods giant Big Lots recently filed for bankruptcy protection due to a combination of high interest rates and a sluggish housing market that led to a decrease in demand for its affordable furniture and decor offerings. The company, which boasts over 1,300 stores across 48 states, struggled to maintain sales as the pandemic-induced
Boeing’s Starliner capsule, which was supposed to undock from the International Space Station much earlier, finally left the ISS without the two astronauts it had initially delivered. This unexpected turn of events left NASA test pilots Butch Wilmore and Suni Williams at the ISS for an extended period, with plans to return to Earth aboard
The Green Bay Packers are a standout in the National Football League due to their ownership structure, which resembles that of a publicly traded company. Unlike other NFL teams, the Packers are the only team that is publicly owned, with the ownership distributed among stockholders. This unique structure, established over a century ago, sets the
In 1989, Jerry Jones purchased the Dallas Cowboys for $150 million at a time when the team was losing $1 million a month. Facing financial challenges, Jones knew he had to make significant changes to turn the team into a profitable venture. Fast forward 35 years later, and the Cowboys are worth a staggering $11
Molson Coors, a well-known brewery, recently made headlines by announcing a significant shift in its approach to diversity, equity, and inclusion (DEI) policies. In an internal memo obtained by CNBC, company executives revealed that Molson Coors would no longer enforce supplier diversity quotas, citing external factors beyond their control as a primary reason for this
Steph Curry, known for his exceptional skills on the basketball court, is already envisioning a future beyond the NBA. In a recent interview with CNBC’s “Squawk on the Street,” the 10-time NBA All-Star discussed his plans for his post-playing career. Curry, who is 36 years old, has a diverse portfolio of business ventures, including a