Articles by Nathan Bomey
Catch up quick: Taylor Farms is recalling finished food products containing jalapeΓ±os as the FDA said Monday that it's tracked 345 cases of salmonella including 36 hospitalizations stemming from an o...
Driving the news: Amazon delivered a 20% increase in net sales to $200.6 billion, easily topping S&P Capital IQ expectations of $196.4 billion.
Much of the gain came from a triple-digit β¦ [+909...
The big picture: Nvidia, which is making oodles of cash, is using its financial heft to buoy its customers, who are losing oodles of cash.
The company is weighing a plan to guarantee $250 bi⦠[+222...
Driving the news: VW plans to shed nearly 1 in 6 of its global positions, according to multiple reports, including German outlet Manager Magazin and the Financial Times.
The big picture: If the compοΏ½...
Farmers across the Midwest are entering planting season under mounting financial pressure, as the Iran conflict drives up diesel and fertilizer prices deepening an agricultural downturn that some sayοΏ½...
Zoom in: Spirit which has about 17,000 employees and contractors announced early Saturday that it will immediately wind down.
The company said passengers who booked flights with credit cards⦠[+466...
Driving the news: United Airlines CEO Scott Kirby said Mondayhe was giving up hope for a deal with American Airlines, saying American "declined to engage."
He acknowledged he approached Amer⦠[+219...
Driving the news: The company reported Q1 revenue of $22.4 billion, up 16% from a year earlier.
Net income totaled $477 million, up 17%, but operating expenses ballooned 37%, to $3.78 billio⦠[+194...
Catch up quick: Spirit a budget airline that's been teetering on the edge of liquidation is in advanced discussions to borrow up to $500 million from the government, according to a person familiar wiοΏ½...
The big picture: Airlines are entering a shakeout with consolidation talk rising, the financial divide widening between the haves and have nots, and profit decisions impacting fees and service.
StatοΏ½...
