Boeing announced on Monday its plans to acquire the struggling fuselage maker Spirit AeroSystems in an all-stock deal aimed at improving safety and quality control within the company. The deal involves Boeing paying $37.25 per share in Boeing stock for Spirit, which translates to an equity value of $4.7 billion. Including Spirit’s debt, the total
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Disney and Pixar’s “Inside Out 2” has surpassed all expectations by joining the prestigious billion-dollar club. With a worldwide total of $1.014 billion, the film has not only become the highest-grossing movie of 2024 but has also secured its place as the first animated film since Warner Bros.’ “Barbie” to reach such a monumental milestone.
In a time where the entertainment industry is struggling to attract audiences and the box office is experiencing a drought of content, Fathom Events has defied the odds by achieving record revenue gains. With a rich history of 20 years, Fathom Events, a joint venture between theater giants AMC, Regal, and Cinemark, has made a
The Summer Fancy Food Show, hosted by the Specialty Food Association, showcased a variety of emerging trends in the food industry. Some of these trends may seem like a blast from the past, resembling the diet of our ancestors. Fish, honey, and game meat were highlighted as some of the hottest items at the show,
The U.S. Track & Field Olympic Trials this year have seen a surge of attention towards unsponsored athletes who are part of Bandit Running’s Unsponsored Project. These 35 athletes are clad in all-black, logo-less gear, a stark contrast to the typical sponsorship model in professional sports. Bandit Running aims to provide support to up-and-coming competitors
NASA and Boeing recently announced that the first Starliner crewed flight, known as “Calypso”, will be staying longer at the International Space Station for further testing on the ground. This decision comes as the team conducts a test campaign of the spacecraft’s thruster technology at White Sands, New Mexico. Initially planned for a nine-day mission
The recent announcements from Nike have left Wall Street in a state of shock and uncertainty. After a lackluster fiscal year and a disappointing quarterly report, Nike CEO John Donahoe is facing criticism and doubt about his leadership. The company’s projected sales decline of 10% for the current quarter is far worse than anticipated, causing
Chinese automakers are making significant strides in expanding their presence in the global automotive market. A new report by AlixPartners predicts that Chinese automakers will capture 33% of the global market share by 2030, a considerable increase from their current 21% market share. The report suggests that much of this growth will come from markets
Morgan Stanley has taken a significant step towards the integration of artificial intelligence into their operations by introducing a new assistant named Debrief. Expected to revolutionize the way financial advisors work, Debrief is designed to streamline the labor-intensive tasks carried out by the bank’s advisors. This move represents one of the most significant advancements in
Southwest Airlines recently experienced a significant drop in its shares, with a roughly 4% decrease in premarket trading. This decline was a result of the carrier cutting its second-quarter revenue forecast due to changing booking patterns. The airline now expects a decrease in revenue per available seat mile by as much as 4.5%, compared to