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...Spirit’s chief executive told investors recently that visitors to Spirit’s plant would not be able to tell if a particular employee worked at one company or the other....
...Although Boeing is Spirit’s biggest customer, the company is also an important supplier to European rival Airbus....
...Yet Reddit’s actions represent a quiet repudiation of the subversively iconoclastic spirit that has made Reddit so iconic....
...It separately has paid a 10 cent per month “ticking fee” to Spirit shareholders for a year. Spirit itself will only get $70mn....
...If you’ve been under a rock, here’s the latest via the Borg: Lyft Inc....
...It also says Boeing must agree to any “change in control” at the company — protection for the plane maker in case Spirit becomes a takeover target....
...Judge William Young on Tuesday ruled in their favour, prohibiting the companies from closing the deal....
...A tie-up would give Tapestry a dominant slice of what the company has identified as the “accessible luxury” handbag market, the FTC said....
...It isn’t to Airbus — the A220 only represents about 7 per cent of the company’s annual commercial aircraft revenues,” said Tusa....
...“While we don’t like increasing fees, it’s one step we are taking to return our company back to profitability and cover the increased costs of transporting bags.”...
...Not all aeroplane malfunctions can take more than 8 per cent off of two companies’ market capitalisations in a day....
...The FAA has 20 inspectors at Boeing and six at Spirit auditing the companies’ production and quality control practices....
...Spirit’s share price offers little comfort. It is sitting at around $16, or less than half of JetBlue’s offer of $33.50....
...Boeing shares fell 8 per cent on Monday to $229 while those of Spirit AeroSystems dropped 11.1 per cent to $28.20....
...Spirit is a defendant in a securities lawsuit, refiled last month, that accuses the company of hiding quality lapses from investors....
...Apple and Tesla are the latest foreign companies to feel the pain of China’s shift towards local brands. Sales of Nike and Adidas clothing have yet to return to their 2021 peak....
...The company raised $713mn....
Macy’s is right to recognise that express lanes and priority fulfilment are not in the Christmas spirit
...ArtFi 2024-1’s prospectus has further detail on the collateral backing the deal, which it notes can include “fine art, collectibles, design furniture, coins, books, jewelry, watches, wine or other spirits...
...The whiskey brand’s sales have increased threefold since the takeover in 2009, according to the company’s data....
...The two cases last year and the Alaska incident all have Spirit in common — the Wichita, Kansas-based company builds the Max fuselages, including the door plug that fell off the plane....
...Spirit AeroSystems, a key Boeing supplier, installs the plugged door as part of its construction of the 737 Max fuselage, a company spokesman confirmed. The spokesman declined to comment further....
...The company has emerged as a fast-fashion powerhouse based on its model of making thousands of clothing styles in China and air-shipping them to Gen Z shoppers in the US and Europe....
...the DMA”, and reminded the company of the EU’s power to enforce fines of up to 10 per cent of a company’s annual turnover under the new rules....
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