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...The company was bought by US buyout group American Securities in 2011 before Apollo agreed to acquire it in 2014....
...American, Delta and JetBlue all cited rising industry costs as driving their decision. The airline industry is confronting inflation, higher fuel prices and higher labour costs....
...The problems across the dollar store sector are a reminder that lower income Americans are suffering disproportionately post-pandemic. pan.yuk@ft.com...
...Robert Gordon’s The Rise and Fall of American Growth, which argued that the age of disruptive technology was over, came out around the same time....
...The outcome could have ramifications beyond the industry....
...Check out this cool Marimekko chart that Louis made showing the number of people employed and the share of the total industry employed by PE: The proportion of working Americans employed by private equity...
...Merchants are currently able to charge an extra fee for consumers who use American Express cards, but Visa and Mastercard have blocked sellers from doing so for their users....
...Hostmore was created after Electra Private Equity spun off the UK operations of the American-themed restaurant chain on to the London Stock Exchange in 2021....
...SSG’s co-investors include a who’s who of American billionaires, from New York Mets owner Steve Cohen to Atlanta Falcons owner Arthur Blank....
...Tesla is cutting more than 10 per cent of its workforce — at least 14,000 jobs — as a worldwide EV slowdown and brutal price war hit the American automaker....
...BioNTech and Pfizer have described a similar patent filed in the US as “unimaginably broad” in American proceedings....
...The US’s defence and aerospace industries seem to be having an extremely Normal Week....
...Nonetheless, analysts have forecast bumper sales for the two drugs given the 7mn Americans and more than 50mn people worldwide suffering from Alzheimer’s....
...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...In the US, it and fellow index fund providers BlackRock and State Street have come under scrutiny from the left and right for the influence they wield by holding large stakes in most American public companies...
...More specifically, there is bipartisan concern that one factor behind the UnitedHealth saga is excessive industry consolidation....
...They successfully sued to unwind the American and JetBlue alliance in the north-east, and are trying to block JetBlue’s proposed takeover of Spirit....
...At some point, American politicians will have to grasp this nettle....
...It is a forced divestiture, and hopefully, a precedent on foreign corporate ownership of tools that can reach hundreds of millions of Americans....
...We’re willing to bet that once the case has been resolved, the industry will have changed enough that the points of dispute will be less relevant to Apple’s future....
...“Europeans are losing this strategic industry,” chief executive Gunter Erfurt told the FT....
...By the end of the industry event, I could barely squeeze out a sound. And that wasn’t the only mini-drama....
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
...The fortunes of Boeing and Spirit AeroSystems are linked like their factories, with railcars loaded with each 737 Max fuselage that the supplier builds in Kansas travelling through farmland and across the...
...says goodbye to ice cream European bank bonuses dip, unsurprisingly A Wall Street rental car dream becomes a nightmare A year ago, Hertz released an advertisement with Tom Brady in which the retired American...
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