Southwest Airlines on Thursday posted a wider loss for the first quarter than the same period last year and warned that Boeing’s airplane delays will hamper its growth into 2025. The airline expects to grow capacity 4% this year, down from a plan to expand 6%. For the second quarter, it forecast growth…
Beleaguered seafood chain Red Lobster is seeking a buyer as it looks to avoid filing for bankruptcy, CNBC has learned. The company has considered filing for bankruptcy to help it restructure its debt and get out of a number of costly and lengthy leases, but it’s also sought a buyer in recent…
Millions more Americans could become eligible for overtime pay. The Biden-Harris administration announced a final rule Tuesday that raises the minimum salary threshold to qualify for time-and-a-half pay after 40 hours of work in a week. Proponents say the new limit will mean lower-paid workers are fairly compensated for long hours, and…
The Biden administration is sending out $5.6 million in refund payments to certain Ring home security system customers after the company settled a federal complaint accusing it of security lapses. In a statement this week, the Federal Trade Commission said it would be sending out 117,044 payments via PayPal to affected…
In addition to a cease-fire in Gaza, protesters on college campuses across the country are calling on their schools to divest from all financial support of Israel. Divestment usually refers to selling shares in companies doing business with a given country. Divestment has long been a goal of a movement…
Two Household Cavalry horses which broke free and ran through the streets of London on Wednesday are in a “serious condition,” a British government minister has said. Six soldiers and seven horses were taking part in an exercise on Wednesday morning when the animals became spooked after some concrete fell…
As the US prepares to transfer significant military aid to Ukraine following the Senate passing funding legislation worth $61 billion, reports from eastern Ukraine continue to highlight Kyiv’s sliding fortunes on the battlefield. The village of Ocheretyne remains a clear focus for Russian forces, with DeepState – a Ukrainian monitoring…
Russia on Wednesday vetoed a United Nations resolution that proposed a ban on the use of nuclear weapons in outer space amid US intelligence-backed concerns that Moscow is trying to develop a nuclear device capable of destroying satellites. Russian Ambassador Vassily Nebenzia described the UN draft as a “dirty spectacle”…
The Biden administration on Thursday finalized a highly anticipated suite of rules to cut hazardous, planet-warming pollution generated by power plants in one of its most significant environment and climate actions to-date. The Environmental Protection Agency’s new rules will compel coal and new natural gas power plants to either cut or capture…
A dramatic operation to save the lives of more than 100 pilot whales ended in partial success on Thursday after wildlife officials managed to return most of the stranded animals to sea. Rescue teams rushed to the beach located in the coastal town of Dunsborough, south of Perth, to tend to…