Tag: Corporate news
Frontier Airlines hopes IPO rides wave of travel recovery
Frontier Airlines is betting that the budding recovery in leisure travel is for real.
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Feds: Businessman agrees to guilty plea in investment scheme
INDIANAPOLIS — An Indianapolis businessman plans to plead guilty to federal charges alleging that he operated a fraudulent investment scheme involving more than 100...
German unemployment slightly lower in March
BERLIN — Unemployment in Germany, Europe's biggest economy, was slightly lower in March thanks to seasonal factors, official data showed Wednesday. Extensive use of...
Deliveroo shares tumble by third on UK stock market debut
LONDON — Shares of app-based meal delivery service Deliveroo tumbled by as much as a third in their U.K. stock market debut on Wednesday....
H&M swings to loss, affirms commitment to China market
STOCKHOLM — Low-cost fashion brand Hennes & Mauritz AB on Wednesday reported an expected loss in the first quarter. Meanwhile, the pandemic-hit Swedish company...
Amid AstraZeneca setback, Germany banks on homegrown vaccine
MARBURG, Germany — As Germany ponders how to accelerate its sluggish coronavirus vaccination campaign after yet another hitch involving the AstraZeneca shot, a production...
Microsoft wins $22 billion deal making headsets for US Army
Microsoft won a nearly $22 billion contract to supply U.S. Army combat troops with its augmented reality headsets.
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FirstEnergy refunds $26M as nuclear bailout repeal is signed
COLUMBUS, Ohio — An Ohio electric company under scrutiny for its role in what federal authorities say was a $60 million bribery and corruption...
San Diego woman sentenced for nearly $400M Ponzi scheme
SAN DIEGO — A San Diego businesswoman whose Ponzi scheme bilked hundreds of people out of nearly $400 million was sentenced Wednesday to 15...
An unwelcome prank: Volkswagen purposely hoodwinks reporters
NEW YORK — Journalists are used to being wary about odd pranksters pulling April Fool's Day hoaxes at this time of year. Few expect...