Spirit Aviation Holdings Inc. is set to start an orderly wind-down process to sell its assets, capping the downfall of the low-cost carrier that has filed for bankruptcy twice in recent years and failed to clinch a last-minute US government rescue.

The airline filed a motion on Monday requesting to wind down operations, after ceasing all ...Read more

SAG-AFTRA and the Alliance of Motion Picture and Television Producers have landed on a new tentative contract.

The actors union's new agreement with the trade group that negotiates with Hollywood unions on behalf of the major studios will reportedly improve AI protections and boost the guild's pension fund. Similar to the pact the Writers Guild...Read more

GameStop Corp. is trying to buy eBay Inc. for about $56 billion in cash and stock, a bold attempt by Ryan Cohen to take over a storied e-commerce name several times larger.

The gaming retail chain has offered $125 per share in cash and stock for the online marketplace, or about a 20% premium to its Friday close. GameStop, which built a roughly ...Read more

A $1 billion private container terminal breaking ground at Sparrows Point is being cast by officials and supply chain experts as a long-term bet on whether the Port of Baltimore can expand its role in an increasingly competitive East Coast shipping network.

The project at the Port of Baltimore is expected to expand container capacity by roughly...Read more

Nostalgia for the “old Target” is showing up everywhere.

Part of it reflects a broader throwback trend. Another part comes as the retailer plans to revamp stores after several years of sluggish sales.

Social media posts often point to the food courts that have largely disappeared, particularly the extra salty popcorn and slushy machines. ...Read more

Left without health insurance, flying perks and no job was a sudden reality for many Spirit Airlines employees over the weekend.

Employees like Cindy Williams, a 27-year flight attendant, said they felt the sting of the shutdown.

"I really feel that we built that airline and we lost it all in a day and are left with nothing," said Williams of ...Read more

Ford Motor Co. reported Monday that April sales declined 14% from the same month last year following the discontinuation of vehicles like the Escape, the end of federal plug-in vehicle incentives and decreased truck inventory from an aluminum shortage.

With increasing fuel prices from the Iran war, rising inflation and lower consumer sentiment,...Read more

FORT LAUDERDALE, Fla. — Pioneering discount carrier Spirit Airlines formally announced an end to more than three decades of flying early Saturday after the U.S. Government and the Dania Beach-based company failed to reach an agreement designed to save the cash-strapped firm and help it emerge from bankruptcy.

“All Spirit flights have been ...Read more

Transportation Secretary Sean Duffy said he doesn’t think the U.S. government needs to provide financial lifelines for now to other low-cost carriers, following the collapse of Spirit Aviation Holdings Inc.

“At this point, I don’t think it’s necessary,” he said during a press conference Saturday at Newark Liberty International Airport...Read more

FORT LAUDERDALE, Fla. — Pioneering discount carrier Spirit Airlines formally announced an end to more than three decades of flying early Saturday after the U.S. Government and the Dania Beach-based company failed to reach an agreement designed to save the cash-strapped firm and help it emerge from bankruptcy.

“All Spirit flights have been ...Read more

A group of five consumers have filed a lawsuit against Paramount Skydance seeking to block its acquisition of Warner Bros. Discovery and unwind the earlier merger that joined the storied Melrose Avenue studio with David Ellison's Skydance Media, alleging that both deals reduce marketplace competition.

The lawsuit, filed Thursday in U.S. ...Read more

United Airlines plans to cut more than 100 daily departures out of O’Hare International Airport in June, according to a letter sent to airline employees Thursday. The flight cuts come after the Federal Aviation Administration brought the hammer down on the flying frenzy at Chicago’s largest airport earlier this month.

United and its main ...Read more

Ford Motor Co. customers can save up to thousands of dollars on select vehicles with Ford bringing back employee pricing this summer to mark the 250th anniversary of America's founding.

The "American Value for American Values" promotion will run Friday through July 6 on select new 2025 and 2026 model-year Ford and Lincoln trucks and SUVs, ...Read more

Eight technology companies, including Google, Nvidia and SpaceX, have struck deals with the Pentagon to help the U.S. military gain an edge on the battlefield.

"These agreements accelerate the transformation toward establishing the United States military as an AI-first fighting force and will strengthen our warfighters' ability to maintain ...Read more

The United Auto Workers' court-appointed watchdog determined "significant dysfunction" with the processes governing the union's Strike Trust investments but found allegations from President Shawn Fain's office against the union's secretary-treasurer were false and retaliatory.

Monitor Neil Barofsky, a lawyer at Chicago-based law firm Jenner & ...Read more

Spirit Airlines, the Florida-based carrier that helped popularize low-cost airfare in the U.S., could shut down operations if a deal isn't reached soon with the Trump administration.

Several media outlets including Bloomberg and the Wall Street Journal reported Friday that Spirit is preparing to shutter, citing people familiar with the ...Read more

President Donald Trump said he was raising tariffs on cars and trucks from the European Union to 25%, claiming that the bloc had failed to fully comply with a trade agreement negotiated with the U.S.

“I am pleased to announce that, based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be ...Read more