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U.S. budget airlines are struggling. Will pursuing premium passengers solve their problems?
Delta and United have become the most profitable U.S. airlines by targeting premium customers while also winning back a significant share of travelers on a tight budget. That is squeezing smaller low-fare carriers like Spirit Airlines, which filed for bankruptcy protection on Monday. Some travel-industry experts think Spirit’s troubles indicate… Read
1,000 Nissan employees in Thailand to be let go or relocated
Around 1,000 employees of Nissan Motor Co in Thailand are expected to be let go or relocated by fall 2025, with the Japanese automaker grappling with a downturn in profits, an industrial source said Friday. The move is in line with a pledge that Japan's third-largest car company has made… Read
Mori Building acquires stake in Manhattan landmark One Vanderbilt Avenue
Mori Building Co Ltd, Japan's leading urban landscape developer, announced Friday that its U.S. subsidiary Mori Building (U.S.A.) LLC has acquired a stake in the One Vanderbilt from SL Green Realty Corp, New York City’s largest office landlord. One Vanderbilt opened in 2020 as a striking addition to the Manhattan skyline. Its… Read
Japan inflation slows for 2nd month in Oct on energy subsidies
Japan's core consumer prices in October climbed 2.3 percent from a year earlier, increasing at a slower pace for the second straight month as government subsidies curbed a rise in energy bills, government data showed Friday. The increase in the nationwide core consumer price index, excluding volatile fresh food, followed… Read
6% of Nissan employees in U.S. to retire early in restructuring
Nissan Motor Co said Thursday it expects some 6 percent, or around 1,000, of its employees in the United States to retire early by the end of the year as the Japanese automaker proceeds with global restructuring efforts. The struggling automaker had about 17,000 employees in the world's second-biggest auto… Read
Airline CEOs and U.S. Transportation Secretary Buttigieg spar over regulations even after election
Transportation Secretary Pete Buttigieg snapped back Thursday at criticism from airline executives who say the Biden administration over-regulated them, pointing out that some of those airlines are making large profits despite new passenger-protection rules. Buttigieg said the rules his department has imposed, including automatic cash refunds after flights are canceled,… Read
Starting a small business is hard. Exiting can be even harder, but planning early is the key
Starting a small business is hard. Figuring out what to do with a small business when an owner is ready to retire can be even more difficult. Small business owners say it is best to have a plan well in advance of making a big change like ceding a business… Read
Asian shares mostly slip despite Nvidia's solid earnings report
Asian shares were mostly lower on Thursday as regional markets tried to digest the strong and highly anticipated profit report from Nvidia. Nvidia again topped analysts' expectations. But technology shares in Tokyo declined as they had already risen earlier in anticipation. In after-hours trading, Nvidia’s shares lost 2.5%. Japan's benchmark… Read
Ford, facing economic headwinds and weak EV sales, to cut 4,000 jobs in Europe
Ford Motor Co says it will reduce its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker than expected sales of electric cars. Ford said Wednesday most of the job cuts would come in… Read
Report finds that America is catching and eating a little less fish
The volume and value of America's commercial fishing industry both fell according to newly released federal figures, though members of the industry said the decline was to be expected following a recent spike in supply. The catch at U.S. ports in the 50 states fell 2.6% to 8.4 billion pounds… Read
