Alaska Air Buys Virgin America, Aims to Become Best out West
Virgin America has loyal passengers who love the airline's cool vibe even if its size and schedule are too limited to meet all their travel needs. But it appears to be going away. Alaska Airlines' parent company announced Monday that it will pay $2.6 billion to buy the Richard Branson-inspired, California-based carrier. Alaska hopes to become travelers' preferred airline on the West Coast and a tougher competitor to giants American, Delta and United on transcontinental routes. The deal wou..>> view originalProsecutors open probes as world's wealthy deny 'Panama Papers' links
LONDON/PANAMA CITY Governments across the world began investigating possible financial wrongdoing by the rich and powerful on Monday after a leak of four decades of documents from a Panamanian law firm that specialized in setting up offshore companies.The "Panama Papers" revealed financial arrangements of global politicians and public figures including friends of Russian President Vladimir Putin, relatives of the prime ministers of Britain, Iceland and Pakistan, and the president of Ukraine.Wh..>> view originalThomas Staggs, Disney's No. 2 executive, is leaving company
Walt Disney Co. Chief Operating Officer Thomas Staggs will depart the Burbank company this year, throwing into question the company's succession plans.Staggs had been seen as the favorite to replace Chairman and Chief Executive Robert Iger when his contract expires in 2018. His departure means that Disney will have to redouble efforts to find a new leader. Staggs, 55, was named chief operating officer early last year. The No. 2 job -- which was once held by Iger -- was seen as a way to groom S..>> view originalTreasury Dept. tries again to stop companies from giving up US citizenship for lower taxes
Pfizer and Allergan agreed to combine in a record $160 billion deal, creating a drugmaking behemoth called Pfizer that would be based in Ireland where taxes are lower. It is, by far, the largest inversion in history. Photographer: Michael Nagle/Bloomberg The Treasury Department on Monday took aim at U.S. companies moving their headquarters overseas to lower their tax bills, issuing aggressive new rules intended to make such moves less profitable and throwing a potential wrench into Pfizer’s..>> view originalUS factory data signals further slowdown in economic growth
WASHINGTON New orders for U.S. factory goods fell in February and business spending on capital goods was much weaker than initially thought, the latest indications that economic growth slowed further in the first quarter.The Commerce Department said on Monday new orders for manufactured goods declined 1.7 percent as demand fell broadly, reversing January's downwardly revised 1.2 percent increase. Orders have declined in 14 of the last 19 months. They were previously reported to have increased ..>> view originalAmazon takes on PayPal with expanded payments-processing service
More shoppers could soon have an easier way to pay online than using their credit card -- by simply typing in their Amazon.com user name and password.The giant Seattle retailer announced on Monday an expansion of its Amazon Payments service as the company takes on other payment middlemen, including PayPal and Apple Pay. See the most-read stories this hour >>Online retailers can already use Amazon Payments, allowing customers to check out by entering their Amazon.com account information instead ..>> view originalAt a glance: Settlement is latest milestone after BP spill
By Associated Press April 4 at 5:32 PM NEW ORLEANS — A federal judge gave his final approval Monday to an estimated $20 billion settlement over BP’s massive 2010 oil spill. Here’s a look at some of the legal milestones since a deadly explosion on the Deepwater Horizon drilling rig killed 11 workers and led to millions of gallons of oil spewing into the Gulf of Mexico: RECORD SETTLEMENT Last July, BP reached a record-setting $20 billion settlement agreement with the federal government and fiv..>> view originalStocks end slightly lower in quiet trading; Virgin America shares soar
U.S. stocks fell slightly in quiet trading Monday as investors worked through several company announcements and prepared for a new wave of company earnings releases.Healthcare companies were solidly higher. Global markets rose modestly. The Dow Jones industrial average fell 55.75 points, or 0.3%, to 17,737. The Standard & Poor's 500 index slid 6.65 points, or 0.3%, to 2,066.13, and the Nasdaq composite sank 22.75 points, or 0.5%, to 4,891.80.See more of our top stories on Facebook >> Although..>> view originalKeystone pipeline springs leak in South Dakota
A key section of the Keystone pipeline has been shut down due to an oil spill in South Dakota, TransCanada said on Monday. TransCanada (TRP), which operates the pipeline, reported a spill of about 187 gallons of crude oil to the Coast Guard's National Response Center on Saturday afternoon. The company said in a statement it is removing the oil and investigating the source. TransCanada said "no significant impact to the environment has been observed." The incident along the controversial p..>> view originalBezos teases new Kindle hardware for reveal next week
E-readers may not be the most exciting space in tech these days, but some of us still find a place for them in our lives — and it is we happy few whom Jeff Bezos announced, with enthusiasm palpable, that new Kindle hardware is just around the corner. Heads up readers – all-new, top of the line Kindle almost ready. 8th generation. Details next week. — Jeff Bezos (@JeffBezos) April 4, 2016 Notably, this is well off the beaten path as far as timing goes: Kindles have generally been announced..>> view original
Monday, April 4, 2016
Alaska Air Buys Virgin America, Aims to Become Best out West and other top stories.
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