Breaking News: Business

Spirit again delays shareholder merger vote to continue talks with Frontier, JetBlue

A Spirit Airlines plane on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines on Wednesday delayed shareholder vote on its proposed merger with Frontier Airlines until July 8, hours before a meeting scheduled for Thursday so it can further discuss …

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RH shares slide after company lowers its outlook for the year

Jason Kempin | Getty Images Entertainment | Getty Images High-end furniture chain RH on Wednesday slashed its outlook for 2022 revenue, anticipating consumer demand for its products will continue to soften in the back half of the year. The company now sees annual sales down between 2% and 5%, compared with prior expectations that saw …

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Delta offers free flight changes over July Fourth weekend

An Airbus A330-323 aircraft, operated by Delta Air Lines. Benoit Tessier | Reuters Delta Air Lines is allowing travelers to change their tickets for free during the busy Fourth of July weekend, allowing fliers to avoid paying a mouse difference and skip the airport during a “potentially challenging” few days. The unusual offer, normally extended …

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New car quality declined 11%, blame supply chain problems: JD Power

Billboards at the Ziegler Cadillac, Buick and GMC Dealership in Lincolnwood, Illinois, the United States. US General Motors Co. Joel Lerner | Xinhua News Agency | Getty Images New vehicle quality declined by 11% this year amid parts shortages, shipping snarls and global trade disruptions, according to JD Power’s 2022 Initial Quality Study. Buick, Dodge …

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FDA panel recommends changing Covid shots to fight omicron this fall

The Food and Drug Administration’s panel of independent vaccine experts on Tuesday voted 19 to 2 to recommend new Covid-19 shots that target the omicron variant this fall, when public health officials are expecting a new wave of infections. It is the first time the panel has proposed that vaccine makers modify the shots to …

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Disney extends CEO Bob Chapek’s contract by three years

Bob ChapekDisney Jeff Gritchen | MediaNews Group | Orange County Register via Getty Images Disney has extended CEO Bob Chapek’s contract for three years, the company announced Tuesday. Chapek’s contract was set to expire in February next year, three years after he unexpectedly took the reins from Bob Iger. The board, which met Tuesday in …

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JetBlue ups offer for Spirit Airlines ahead of shareholder vote

LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York. Leslie Josephs | CNBC JetBlue Airways again increased its offer for Spirit Airlines with a shareholder vote for the discounter’s deal to merge with Frontier Airlines just days away. Frontier sweetened its offer on Friday. Spirit’s CEO Ted Christie told CNBC then …

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