Category: Companies

Over 1,600 Flights Canceled in Winter Storm, Southwest Airlines Tops List Again

Masses of flights in the United States have been canceled or delayed on Jan. 31 owing to a winter storm, with just four airlines making up the majority of the cancellations. There have been 1,623 cancellations as of 4:01 a.m. ET on Jan. 31, according to data from FlightAware. Southwest Airlines saw the highest number…


New Artificial Intelligence App ‘Reframes’ Negative Thoughts to Treat Depression

People can be forgiven for feeling depressed these days. The future touted by global leaders is dire. The 2021-2022 United Nations Human Development Report states that living standards have declined in nine out of ten countries around the world since 2020 and that multiple crises “are hitting us at the same time and interacting to…


Treasurer Welcomes Renewal of Australia’s AAA Credit Rating Amid Challenging Economic Conditions

Australian Treasurer Jim Chalmers has said that the renewal of Australia’s AAA credit rating by rating agency Standard and Poor’s (S&P) proves the effectiveness of the Albanese government’s “responsible economic management” in the previous year. On Jan. 30, S&P Global announced that Australia had retained its AAA credit rating while expecting the country to avoid…


After Tesla Price Cut, Ford Follows Suit With Mustang Mach-E

DETROIT—Ford is cutting prices on its Mustang Mach-E electric SUV by as much as $6,000 just weeks after market leader Tesla took similar steps. The Detroit automaker is increasing production of the Mach-E this year and said it is taking advantage of streamlined costs to reduce prices across the board, it said Monday. The cut…


US Court Rejects J&J Bankruptcy Strategy for Thousands of Talc Lawsuits

A U.S. appeals court on Monday shot down Johnson & Johnson’s attempt to offload tens of thousands of lawsuits over its talc products into bankruptcy court. The ruling marked the first major repudiation of an emerging legal strategy with the potential to upend U.S. corporate liability law. J&J is among four major companies that have…


US Hits Volvo Group North America With $130 Million Penalty Over Delayed Recalls

WASHINGTON—A U.S. auto safety agency said Monday it was imposing a $130 million civil penalty on AB Volvo unit Volvo Group North America, following an investigation that found the manufacturer of heavy-duty trucks and buses failed to recall vehicles in a timely fashion. The National Highway Traffic Safety Administration (NHTSA) said Volvo Group agreed to…


Boeing Will Open New Assembly Line to Build 737 Max Planes

Boeing will add a fourth assembly line to produce more 737 Max aircraft, as it tries to more quickly translate a backlog of orders into cash-generating deliveries of new planes. The new line will open in the second half of next year, according to a note Monday to employees from Stan Deal, the CEO of…


‘Father of Peeps’ Marshmallow Candies Bob Born Dies at 98

Ira “Bob” Born, a candy company executive known as the “Father of Peeps” for mechanizing the process to make marshmallow chicks, has died. He was 98. Just Born Quality Confections, the 100-year-old family-owned company Born led for much of his life, said Monday that he had died peacefully on Sunday. Born began his life in…


Facebook Seeks to Block $3.7 Billion UK Mass Action Over Market Dominance

LONDON—Facebook on Monday asked a London tribunal to block a collective lawsuit valued at up to 3 billion pounds ($3.7 billion) over allegations the social media giant abused its dominant position to monetize users’ personal data. Meta Platforms Inc., the parent company of the Facebook group, is facing a mass action brought on behalf of…


PREMIERING 1/31 at 7:30PM ET: Chaya Raichik, ‘Libs of TikTok’ Creator, on Classroom Indoctrination and TikTok ‘Narcissists’

“I think gender ideology, in general, is very narcissistic … It’s like, ‘These are my pronouns. This is my gender. Let me talk to you about how I want to be referred to and how you should refer to me,’ says Chaya Raichik, creator of the viral Twitter account “Libs of TikTok.” “And the whole…