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News in-depthApple Inc
Apple targets Google staff to build AI team
...Salakhutdinov said Apple had been focused on doing “as much as you can on the device”, which will bring the need for more powerful chips with so-called dynamic random access memory (Dram) that can handle...
April 30, 2024
Gympass, Inc.
Corporate wellness start-up Gympass prepares for IPO with rebrand
...“We have begun preparations, we are doing the internal work and we have been for a long time running the business with the discipline of a public company,” he told the Financial Times in an interview....
April 4, 2024
FT Live
Business of Luxury Summit
Gathering leaders in luxury for the 20th year
Sunday, 19 MayVenice, Italy
US & Canadian companies
Delta offers rare shelter from Boeing’s plane production crisis Premium content
...Lex calculations suggest the programme could have accounted for as much as 70 per cent of Delta’s net income in 2023....
April 10, 2024
Airlines
US airlines under fire for raising baggage fees again
...Budget carriers Spirit Airlines and Frontier Airlines, which advertise low base fares but rely more on ancillary revenue than legacy carriers, opposed the rule as well....
March 10, 2024
Turkish Airlines Inc
Turkish Airlines ‘not in a rush’ to buy more Boeing jets
...Turkish Airlines has warned that “problems” at Boeing had held up negotiations over a major jet order as the carrier sealed a deal to deepen ties with the US manufacturer’s rival Airbus....
April 29, 2024
Inside BusinessLeo Lewis
Why an M&A swoop in Hawaii is a big bet on the yen
...First, the BoJ has begun signalling that “normalisation” does not, in any immediate sense, open the gates to progressive interest rate rises....
February 13, 2024
FT Live
Business of Entertainment Summit
Capitalizing on Disruption
Thursday, 19 SeptemberLos Angeles, CA
Airlines
JetBlue’s $3.8bn bid for rival airline Spirit blocked by US judge
...The decision could make it harder to reshape the industry — particularly for lower-cost carriers — which has consolidated rapidly over the past two decades, leaving it dominated by the four big carriers:...
January 16, 2024
News in-depthBerkshire Hathaway Inc
Buffett lays out expansive role for successor Greg Abel at poignant Berkshire AGM
...Compared with previous years, Abel took on a larger role at Saturday’s meeting, the first since Buffett’s longtime business partner and Berkshire vice-chair Charlie Munger died in November....
May 5, 2024
Due Diligence
Death and succession at Berkshire Premium content
...But now, companies are doing whatever they can to avoid the court process....
May 7, 2024
LexAmerican Airlines Group Inc
American Airlines: bumpy economic landing set to jostle carrier shareholders Premium content
...On Wednesday, it became the latest US carrier to admit that high fuel and labour costs would affect profits more than expected....
September 13, 2023
News in-depthApple Inc
How Apple’s ‘tone deaf’ iPad ad signals a turning point
...“When you are as large as Apple . . . mediocrity of action creeps into every aspect of your business.”...
May 10, 2024
LexUnited Parcel Service Inc
UPS’s results don’t offer canary in the coal mine hint for US economy Premium content
...The ecommerce giant spent $83.5bn on shipping in 2022 and wants to have less dependence on third party carriers....
January 30, 2024
Tesla Inc
Elon Musk fires Tesla’s entire supercharger team
...Elon Musk has shut down the division that runs Tesla’s Supercharger business, dismissed two senior executives and fired hundreds more staff as the electric-car maker continues its restructuring amid a sharp...
April 30, 2024
LexMergers & Acquisitions
Hedge funds crash and burn in JetBlue/Spirit fiasco Premium content
...As for JetBlue, it has been searching for a way to keep up with the big four US carriers — American, United, Delta and Southwest — who through their own dealmaking now control 80 per cent of the domestic...
January 17, 2024
Credit cards
Visa and Mastercard agree $30bn settlement over US transaction fees
...Fees are set by the payment network operators, Mastercard and Visa, as a percentage of each transaction and can be as high as 3 per cent....
March 26, 2024
FT Live
FT Women in Business Summit
Power and parity: Rewriting the rules for the future
Tuesday, 11 JuneLondon Marriott Hotel Grosvenor Square, Grosvenor Square, London, UK
Lex5G networks
6G: network operators want profitable returns on 5G first Premium content
...Mobile carriers such as Verizon, AT&T and T-Mobile promised that 5G networks would transform our lives. Auctions for bandwidth hit a record in 2021 when Verizon bid more than $45bn....
December 13, 2023
EU tech regulation
EU probes Apple, Meta and Alphabet under landmark new law
...Meta said: “Subscriptions as an alternative to advertising are a well-established business model across many industries . . . We will continue to engage constructively with the Commission.”...
March 25, 2024
Boeing Co
United and Alaska Airlines find loose parts on 737 Maxes
...The carrier said this work had been done on most of its Max 9s....
January 9, 2024
Israel-Hamas war
Houthi rebels hit US-owned cargo ship in Gulf of Aden
...Dry bulk carriers such as the Gibraltar Eagle have mostly continued to transit through the Red Sea, however....
January 15, 2024
FirstFT
FirstFT: Apple beats expectations
...The third part of our Berkshire after Buffett series is on the prized energy business, which began with a little noticed deal in 1999....
May 3, 2024
Turkish Airlines Inc
Turkish Airlines orders 200 Airbus aircraft worth tens of billions of dollars
...The group is also expanding the international reach of its low-cost carrier Anadolu Jet....
December 15, 2023
Leo Lewis
Too scared to quit? An agency will do that for you
...As the first day of the Japanese financial year, April 1 is when graduates across the country start their new jobs — positions they will traditionally have fought for, cherished and stuck to for years even...
May 9, 2024
Tesla Inc
Sweden unions to stop picking up Tesla waste in further setback to Elon Musk
...We are doing it now to protect the integrity of Swedish collective agreements and the Swedish labour market model....
December 13, 2023
News in-depthNews in-depth15 min
Building blocks: Lego's next move | FT Film
...The adult fan community has been hugely influential on, I think, Lego as a business....
March 21, 2024
Due Diligence
The FT puts Warren Buffett’s lieutenants under the microscope Premium content
...It turns out ageing boomers are doing their part to revive the private equity machine....
May 2, 2024

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