Javier Ghersi | Moment | Getty ImagesCorporate debt defaults soared last year and could be a problem again in 2024 as cash-strapped companies deal with the burden of high interest rates, S&P Global Ratings reported Tuesday.The number of companies that failed to make required payments on their debt totaled...
Alaska Airlines N704AL is seen grounded in a hangar at Portland International Airport in Portland, Oregon, on Jan. 9, 2024.Mathieu Lewis-rolland | Getty ImagesBoeing on Tuesday appointed retired Admiral Kirkland Donald to serve as a special advisor while the company grapples with the fallout from an Alaska Airlines midflight...
Lockheed Martin's Tranche 0 Transport Layer satellites are seen in one of the company's processing facilities.Lockheed MartinThe Pentagon on Tuesday announced about $2.5 billion in contracts will go to L3Harris, Lockheed Martin, and Sierra Space to build satellites for an expanding military system.The U.S. Space Force's Space Development Agency...
LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York.Leslie Josephs | CNBCA federal judge blocked JetBlue Airways' purchase of budget rival Spirit Airlines after the Justice Department sued to stop the merger, alleging it would drive up fares for some of the most price-sensitive consumers.JetBlue's...
1967 Porsche 910Source: Bringatrailer.comBring a Trailer, the popular online auction site for collectible cars, posted record sales in 2023, even as classic-car prices hit the skids.Bring a Trailer's sales increased about 2% last year to over $1.4 billion from $1.35 billion in 2022, according to the company's CEO Randy...
More than 320 flights have been canceled because of a winter storm that brought snow and freezing temperatures to Denver International Airport in Denver, Colorado, on Jan. 15, 2024.RJ Sangosti | Denver Post | Getty ImagesAirlines canceled more than 1,800 U.S. flights Tuesday as winter weather continued to disrupt...
Check out the companies making headlines in midday trading. Apple — Shares slid 1.8% after the company offered discounts on multiple products in China, a highly unusual move for the technology giant. Products on sale include its new iPhone 15 line. PayPal — Shares of the payment company slid...