NEW YORK (AP) — With Thanksgiving less than two weeks away, food retailers are trying to tempt Americans who haven’t recovered from recent price inflation. Walmart, Target, Aldi and other grocers are competing for a place on holiday tables with turkey dinner deals and other promotions. Walmart has bundled the makings of a traditional turkey…… MORE
Spirit Airlines Files for Bankruptcy as Financial Losses Pile Up and Debt Payments Loom
Spirit Airlines has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and a failed attempt to sell the airline to JetBlue. Spirit is the biggest U.S. budget airline. It has lost more than $2.5 billion since the start of 2020 and faces looming…… MORE
CVS Health Bulks Its Board Up to 16 Members, Adds Hedge Fund CEO
CVS Health has added four new board members, including the CEO of a hedge fund that has been critical of the struggling health care giant. The company said Monday that it expanded its board to 16 members following “productive discussions” with shareholder Glenview Capital Management. The data firm FactSet says Glenview holds about a 1%…… MORE
Trump Names Brendan Carr, Senior GOP Leader at FCC, to Lead the Agency
WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump has named the senior Republican on the Federal Communications Commission as the new chairman of the agency tasked with regulating broadcasting, telecommunications and broadband. Brendan Carr is a longtime member of the commission and served previously as the FCC’s general counsel. He has been unanimously confirmed…… MORE
Moody’s Has Downgraded the Economic Outlook for Dallas
(WBAP/KLIF) – Moody’s Investors Services has downgraded the economic outlook for Dallas from stable to negative after voters approved Proposition U. While the rating agency affirmed Dallas’ A-1 rating for its general obligation budget, the negative outlook could cause the city’s credit rating to go down over the next two years. A downgraded credit rating…… MORE