Sorted by date Results 1 - 17 of 17
NEW YORK (AP) — Spirit Airlines, the largest budget carrier in the U.S., filed for Chapter 11 bankruptcy protection Monday. The airline said customers should not see any disruption to their travel plans while the process unfolds. The filing followed years of struggles for the Florida-based airline, which is known for its no-frills, low-cost flights. Spirit failed to bounce back from the COVID-19 pandemic, largely due to rising operating expenses and stiffer competition. The airline has lost more than $2.5 billion since the beginning of 2020 w...
NEW YORK (AP) — The company behind Tupperware, the plastic kitchenware that revolutionized food storage after World War II and became inextricably linked to the parties where women seeking a measure of financial independence and fun in midcentury America sold the colorful products, has filed for bankruptcy. Tupperware Brands, the Orlando, Florida-based consumer goods company that produces the iconic line of containers, said it was seeking Chapter 11 bankruptcy protection after struggling to revitalize its core business and failing to secure a...
NEW YORK (AP) — Amazon Prime Day is here, and experts are reminding consumers to be wary of scams. Deceptions such as phony emails from people impersonating online retailers like Amazon are nothing new. But phishing attempts increase amid the heavy spending seen during significant sales events, whether it's Black Friday or Prime Day, according to the Better Business Bureau. "This is a huge moment on the retail calendar," Josh Planos, vice president of communications and public relations at the Better Business Bureau, previously told The A...
NEW YORK (AP) — Gas prices are once again on the decline across the U.S., bringing some relief to drivers now paying a little less to fill up their tanks. The national average for gas prices on Monday stood around $3.44, according to AAA. That's down about 9 cents from a week ago — marking the largest one-week drop recorded by the motor club so far in 2024. Monday's average was also more than 19 cents less than it was a month ago and over 14 cents below the level seen this time last year. Why the recent fall in prices at the pump? Industry ana...
NEW YORK (AP) — The theft of sensitive information belonging to millions of AT&T's current and former customers has been recently discovered online, the telecommunications giant said this weekend. In a Saturday announcement addressing the data breach, AT&T said that a dataset found on the "dark web" contains information including some Social Security numbers and passcodes for about 7.6 million current account holders and 65.4 million former account holders. Whether the data "originated from AT&T or one of its vendors" is still unknown, the D...
NEW YORK (AP) — Donald Trump is returning to the stock market, and the former president stands to reap a sizeable payout in the process. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the Trump's media business in a Friday vote. That means Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will soon begin trading on the Nasdaq stock market. Trump is set to own most of the combined company — or nearly 79 million shares. Multiply that by...
NEW YORK (AP) — Eclipse-themed beer. Jewelry and ornaments. And doughnuts that capture the sun's disappearing act with the help of buttercream frosting. With April 8's total solar eclipse right around the corner, businesses are ready for the celestial event that will dim skies along a generous path across North America. There are oodles of special eclipse safety glasses for sale, along with T-shirts emblazoned with clever slogans and other souvenirs — just like the last time the U.S. got a big piece of the total solar eclipse action in 201...
NEW YORK (AP) — Bitcoin has hit an all-time high less than two years after the collapse of the crypto exchange FTX severely damaged faith in digital currencies and sent prices plunging. The world's largest cryptocurrency jumped 4% this week and briefly surpassed $68,800 Tuesday, according to CoinMarketCap. That's just above bitcoin's previous record set in November 2021. The volatile asset soon fell some, standing at just under $62,000 as of 3 p.m. ET, but the price is still up more than 175% from one year ago. Gains in recent months have b...
NEW YORK (AP) — According to Elon Musk, the first human received an implant from his computer-brain interface company Neuralink over the weekend. In a Monday post on X, the platform formerly known as Twitter, Musk said that the patient received the implant the day prior and was "recovering well." He added that "initial results show promising neuron spike detection." The billionaire, who co-founded Neuralink, did not provide additional details about the patient. When Neuralink announced in September that it would begin recruiting people, the c...
NEW YORK (AP) — WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went to work around the world. In a late Monday announcement, WeWork said it entered into a restructuring support agreement with the majority of its stakeholders to "drastically reduce" the company's debt while further evaluating WeWork's commercial office lease portfolio. WeWork is also requesting the "ability to reject the leases of certain l...
NEW YORK (AP) — U.S. labor unions are once again flexing their muscles in the national spotlight. The United Auto Workers' tentative agreements with Detroit's Big Three automakers could end the union's six-week strike. Gridlock persists in Hollywood between actors and major studios, while hospitality workers in Las Vegas, Detroit, Southern California and beyond are fighting for better pay and protections. But despite historic walkouts and record contract deals seen this year, there's a lot stacked against labor organizers. Union membership r...
NEW YORK (AP) — With gridlock persisting in Washington, a government shutdown is looking more and more likely ahead of Saturday night's deadline. As the Senate marches ahead with a bipartisan approach aimed at keeping the government open, spending measures are still struggling to pass the Republican-controlled House. If a shutdown arrives, millions of federal employees will be furloughed and many others — including those working in the military and the Transportation Security Administration — will be forced to work without pay until it ends....
NEW YORK (AP) — Trucking company Yellow Corp. has shut down operations and is headed for a bankruptcy filing, according to the Teamsters Union and multiple media reports. After years of financial struggles, reports of Yellow preparing for bankruptcy emerged last week — as the Nashville, Tennessee-based trucker saw customers leave in large numbers. Yellow shut down operations on Sunday, according to the Wall Street Journal, following the layoffs of hundreds of nonunion employees on Friday. In an announcement early Monday, the Teamsters said tha...
NEW YORK (AP) — Threads, a text-based app built by Meta to rival Twitter, is live. The app, billed as the text version of Meta's photo-sharing platform Instagram, became available Wednesday night to users in more than 100 countries — including the U.S., Britain, Australia, Canada and Japan. Despite some early glitches, 30 million people had signed up before noon on Thursday, Meta CEO Mark Zuckerberg said on Threads. New arrivals to the platform include celebrities like Oprah, pop star Shakira and chef Gordon Ramsay — as well as corporate accou...
WASHINGTON (AP) — Thousands of Reddit discussion forums have gone dark this week to protest a new policy that will charge some third-party apps to access data on the site, leading to worries about content moderation and accessibility. "Reddit is killing third-party applications (and itself)," multiple subreddits wrote in posts seen on the platform's homepage this week. The new fees are part of broader changes to Reddit's API, or application programming interface, that the company announced recently. Organizers of the blackout, which began Monda...
WASHINGTON (AP) — Some of Adidas' remaining Yeezy shoes are back on sale — months after the German sportswear company cut ties with Ye, the rapper formerly known as Kanye West. Adidas ended its yearslong partnership with Ye in late October, in light of his antisemitic remarks and other harmful behavior. In the months that followed, the fate of 1.2 billion euros ($1.3 billion) worth of unsold Yeezys remained unknown — until earlier this month, when Adidas CEO Bjørn Gulden announced the company would be selling a portion of the remaining invent...
WASHINGTON (AP) — Sounding alarms about artificial intelligence has become a popular pastime in the ChatGPT era, taken up by high-profile figures as varied as industrialist Elon Musk, leftist intellectual Noam Chomsky and the 99-year-old retired statesman Henry Kissinger. But it's the concerns of insiders in the AI research community that are attracting particular attention. A pioneering researcher and the so-called "Godfather of AI" Geoffrey Hinton quit his role at Google so he could more freely speak about the dangers of the technology he h...
