Flybe May Return in 2021 as Brand is Bought Out
After collapsing earlier this year, the British regional airline is set to restart operations under a new owner.
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CEO News
John Lewis Plans New Services in Shift from Retail
The department store company and Waitrose owner now plans to invest in eCommerce and build rental homes.
Pub Chain JD Wetherspoon Makes First Loss Since 1984
Founder Tim Martin blamed “ill-thought-out” COVID-19 measures for the company’s £105.4 million loss.
Starbucks Ties Executive Pay to Diversity Goals
The new executive compensation policy comes as part of a raft of measures intended to improve diversity in the coffee titan’s workforce.
US Reportedly Considering Sanctions Against China’s Ant Group
The world’s largest fintech unicorn could join Huawei and ByteDance on the Trump administration’s “Entity List”.
JPMorgan Posts Near-Record Profits Despite COVID-19 Impact
America’s largest bank announced a Q3 profit far in excess of analysts’ expectations.
Virgin Australia Union Ends Talks Amid Reports of CEO’s Departure
The Transport Workers Union has expressed worry that new owners Bain Capital will cut more jobs and ignore old promises.
Bezos Regains $200 Billion Net Worth as Prime Day Arrives
A 4.75% rise in Amazon’s value boosted the net worth of the world’s richest man by an additional $8.5 billion.
IBM Plans to Split Its Business in Two
The long-lived technology giant will divest of its legacy IT systems to refocus on cloud computing and artificial intelligence.
British Airways Replaces CEO Amid Industry’s “Worst Crisis”
In the grip of a costly restructuring, the UK’s flag carrier airline has decided to replace its CEO with immediate effect.