Boeing 737 Max 9 grounding will cost $150 million

Alaska Airlines N704AL, a 737 Max 9, which made an emergency landing at Portland International Airport on January 5 is parked at a maintenance hanger in Portland, Oregon on January 23, 2024.  Patrick T. Fallon | AFP | Getty Images Alaska Airlines said Thursday that the weekslong grounding of the Boeing 737 Max 9 will cost the carrier $150 million. […]

United Airlines (UAL) Q4 2023 earnings

A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019. Justin Sullivan | Getty Images United Airlines on Monday forecast a first-quarter loss due to the Federal Aviation Administration’s grounding of Boeing 737 Max 9 planes this month after a part blew out during an Alaska Airlines flight operated with that type […]

Shoppers deal with holiday debt

Pedestrians walk by an advertisement for Klarna. Daniel Harvey Gonzalez | In Pictures via Getty Images When she started shopping for the holidays late last year, Kiki Andersen was struggling to buy her loved ones gifts. So she turned to a novel solution to get through the season: Buy now, pay later.  The 31-year-old comedian from Los Angeles used Klarna […]

Spirit Airlines raises fourth-quarter forecast, stock jumps

Spirit Airlines jetliners on the tarmac at Fort Lauderdale Hollywood International Airport. (Joe Cavaretta/South Florida Sun Sentinel/Tribune News Service via Getty Images) Joe Cavaretta | South Florida Sun-sentinel | Getty Images Spirit Airlines on Friday raised its financial forecast for the fourth quarter of 2023, sending shares soaring more than 20% after a rout earlier this week that followed a […]

Classic car auction site Bring a Trailer sales hit record $1.4 billion

1967 Porsche 910 Source: Bring 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 Nonnenberg. Bring a Trailer sold over 30,000 cars […]

For 10-year GM CEO Mary Barra, 2024 is about change and crisis

Mary Barra, CEO of General Motors, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT — Monday marks 10 years of Mary Barra’s tenure as CEO of General Motors, ushering in a crucial year for the Detroit automaker and for her legacy. Over the past decade, Barra has been a dynamic executive, guiding the company through high-profile […]

How owner Spin Master is innovating iconic puzzle

Erno Rubik, inventor of the Rubik’s Cube, holds one of the cubes at the International Toy Fair in Nuremberg, Germany, Jan. 29, 2020. Picture Alliance | Getty Images It took a month of twisting and turning for the first person to solve a Rubik’s Cube. That person was Erno Rubik, now 79, the iconic puzzle toy’s creator. Conceived as a […]

Wolverine World Wide sells Sperry to Authentic Brands Group

Sperry Top-Sider Bill fish Tan and Beige. Mayra Beltran | Houston Chronicle | Getty Images Wolverine World Wide has sold Sperry to brand management firm Authentic Brands Group and Canadian retailer the Aldo Group, the company announced Thursday. The deal will generate $130 million, which Wolverine plans to use to pay down debt, it said. Wolverine originally acquired Sperry in […]

United, Alaska Air find loose hardware on Boeing 737 Max 9s

A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport in California on March 13, 2019. Justin Sullivan | Getty Images United Airlines said Monday that it has found loose bolts on door plugs of several Boeing 737 Max 9 planes during inspections spurred when a panel of that type blew out during an Alaska Airlines […]

The 2023 U.S. economy, in charts

A pedestrian holds an umbrella as they walk along a street in the rain in Times Square, New York, on Sept. 26, 2023. Ed Jones | AFP | Getty Images The state of the U.S. economy may be a chief concern among Americans, but 2023 wound up as a pretty good year for the macroenvironment. Spending remained high, markets posted […]