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Klarna AB
Klarna’s reclusive co-founder buys up shares using opaque structure
...Jacobsson has nonetheless been among the most active investors in the company over the years, using his “right of first refusal” to buy up Klarna stock in the secondary market through special purpose vehicles...
March 9, 2024
News updates from March 12: US inflation rises to 3.2%; White House warns Israel against ‘smashing into Rafah’
Southwest warns of first-quarter loss as Boeing delays deliveries
...Southwest Airlines has warned that it will make a net loss in the first quarter of 2024 and that revenue for the full year will be lower than previously forecast, as a result of slower than expected aircraft...
March 12, 2024
FT Live
Building an AI-First Organisation
How can business leaders use AI to drive value?
Thursday, 25 AprilHôtel Lutetia, Paris, France
LexSouthwest Airlines Co
US discount airlines: capacity growth riles shareholders this holiday season Premium content
...In the first nine months of the year, Southwest’s “available seat miles” jumped by more than a tenth. Carriers have been quick to add capacity to return to pre-pandemic levels....
December 19, 2023
Boeing Co
US regulator to investigate engine mishap on Boeing 737 aircraft
...The company has cut the rate at which it produces 737 Max planes as it seeks to resolve manufacturing flaws, resulting in delivery delays that have forced some airlines to amend their flight schedules....
April 7, 2024
Live news: Rishi Sunak attacks Liz Truss’s policies in move to distance government from former PM’s legacy
Airline stocks soar as Wall Street snaps three-day losing streak
...The company’s shares rose 11.3 per cent in early trading while rivals American Airlines, Delta Air Lines, and Southwest Airlines all added more than 3 per cent....
April 17, 2024
Swiss politics
Switzerland opens first criminal probe over Russia sanctions ‘violations’
...Switzerland’s attorney-general has opened a criminal investigation into alleged violations of its Russia sanctions by an unnamed company, in the first sign that the country is willing to prosecute groups...
March 12, 2024
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
Airlines
US airlines under fire for raising baggage fees again
...But Southwest, which heavily markets its “Bags fly free” policy, endorsed it....
March 10, 2024
LexBoeing Co
Boeing chief’s exit is not enough to lift aerospace group’s shares Premium content
...The company is in a reputational crisis. This C-suite shake-up should be welcomed....
March 25, 2024
Nuclear energy
Bill Gates’ TerraPower plans to build first US next-generation nuclear plant
...The company has secured pledges from the US government to provide up to $2bn to complete work at TerraPower’s first plant in Kemmerer, Wyoming....
March 19, 2024
Donald Trump
Trump’s stake in social media group hits $4.6bn after market debut
...The company, which operates Truth Social and plans to launch a streaming service in the next year, lost $49mn in the first nine months of 2023 and earned $3.4mn in revenue....
March 26, 2024
Uber Technologies Inc
Uber records first annual profit as market value approaches $150bn
...Uber has reported its first annual operating profit, marking an “inflection point” in the tumultuous history of the ride-sharing company and sending its shares to fresh highs....
February 7, 2024
Airlines
Airlines call for accountability over Boeing’s quality problems
...On Thursday the company paused production at its plant in Renton, Washington, for 15 hours to discuss quality issues with more than 10,000 workers....
January 25, 2024
ReviewMusic
Carmen review — Carrie Cracknell’s Met Opera debut has revolution in the air
...Carrie Cracknell’s debut production is set in the American Southwest....
January 2, 2024
Eli Lilly & Co
Eli Lilly strikes drug dispensing deal with Amazon
...The addition of Amazon Pharmacy to Eli Lilly’s direct-to-consumer dispensing network is the first time Amazon has partnered with a big drug company since it launched its online pharmacy business in 2020....
March 13, 2024
Boeing Co
Boeing CEO Dave Calhoun to step down as company battles safety concerns
...Last week Boeing warned it would burn more cash in the first quarter than previously expected because of the crisis. Boeing shares were up 1.5 per cent on Monday....
March 25, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Boeing Co
Boeing withdraws request to expedite approval of 737 Max 7 jet
...Investors had expected the Max 7 to be certified in the first half of this year before being delivered to its first customer, Southwest Airlines....
January 30, 2024
News updates from December 12: Biden warns Netanyahu to change tack or risk losing global support, Sunak wins Rwanda asylum vote
AstraZeneca strikes $1bn deal to acquire first vaccine company
...AstraZeneca is buying its first vaccine company in a deal worth up to $1.1bn, as it invests in the infectious disease unit it set up during the Covid-19 pandemic....
December 12, 2023
LexUS Inflation Reduction Act
How Biden’s climate credits can be worth more as ready cash Premium content
...Such subsidies are then useful to the likes of First Solar. But the company cannot wait around for tax refund season....
January 3, 2024
The FT ViewThe editorial board
Boeing: how not to run a national champion
...As the Southwest Airlines CEO has put it, Boeing needs to “get the issues understood and get the issues fixed”....
March 21, 2024
News in-depthElectric vehicles
Ola Electric heads for two-wheeler IPO in India’s first EV listing
...As India’s first listed electric vehicle company, Ola Electric would give investors an initial opportunity to bet on the country’s EV adoption, which is so far concentrated in two-wheelers in one of the...
January 17, 2024
The Big Read
The battle over TikTok
...The company has been down this road before....
March 15, 2024
AstraZeneca PLC
AstraZeneca strikes $1bn deal to acquire its first vaccine company
...AstraZeneca has agreed to buy its first vaccine company in a deal worth up to $1.1bn, as the pharma group expands the infectious disease division it set up during the coronavirus pandemic....
December 12, 2023
Investor activism
US state leads pushback against company moves to thwart proxy fights
...Oregon has demanded nine US companies halt their efforts to undermine activist shareholders from pursuing proxy fights, becoming the first state to intervene in an intensifying legal cat-and-mouse game between...
January 9, 2024
Airlines
Rate of airfare increases slows in 2023
...This article has been amended since initial publication to correct Southwestern Airlines to Southwest Airlines...
December 30, 2023
Letter
Letter: Turbulence at Boeing is chance for real reforms
...Boeing needs to be an engineering and manufacturing-driven company. The 1997 reverse merger with McDonnell Douglas put profit and cost controls above all else....
January 15, 2024

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