Southwest is the latest major company to choose a CFO search over succession planning
Tammy Romo, executive vice president and chief financial officer of Southwest Airlines, will retire on April 1. Read more Source link
Category Business News
Sequel ‘Den of Thieves’ topped the box office while Robbie Williams’ ‘Better Man’ flopped
Mid-January is often a slow movie-going period, and that’s made a little worse by the closing of about 10 theaters in Los Angeles, the nation’s biggest box-office market. Read more Source link
A £1 billion lawsuit in a British trial to determine whether Apple abused its dominance in the app store
The lawsuit, filed in May 2021, accuses Apple of violating European and British competition laws by “excluding all other app stores from iOS devices” like the iPhone and iPad. Read more Source link
The Philadelphia 76ers won’t build the controversial $1.3 billion downtown basketball stadium they’ve fought for years to approve
The surprise move comes just weeks after the team won approval for the project from the city council. Read more Source link
Jeff Bezos’ Blue Origin cancels the debut launch of a big new rocket during the final minutes of the countdown
The 320-foot (98-meter) New Glenn rocket was scheduled to lift off before dawn carrying a prototype satellite from the Cape Canaveral Space Station in Florida. Read more Source link
Canadian Justin Trudeau is advising American consumers to consider how much Trump’s tariffs could hurt them
Trudeau told MSNBC, “No American wants to pay 25% more for electricity or oil and gas that comes from Canada. That’s something people need to pay a little more attention to.” Read more Source link
Chinese EV brands make their presence felt at the Singapore Motor Show
BYD’s new luxury supercar, the Yangwang U9, stole the show with its “dance” in the massive booth near the exhibition entrance. Read more Source link
China records record exports ahead of Donald Trump’s return and a possible new trade war
China reported exports of $3.47 trillion for 2024, an increase of 7.1%. Trade is a bright spot for Beijing as it struggles with sluggish growth at home. Read more Source link
Asset managers turn to defensive positioning as equity prices rise
Stay informed with free updates Simply log in to US stocks myFT summary — delivered straight to your inbox. Asset managers overseeing trillions of dollars are warning clients to take a defensive position when it comes to bonds in the…
Debt settlement on the failed EY Everest project took longer than expected
Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. EY has taken longer than originally planned to clear the debts it built up from the failed spin-off of its consulting…