business

Abbott reaches agreement with FDA to reopen baby formula plant

A woman shops for baby formula at Target in Annapolis, Maryland, on May 16, 2022, as a nationwide shortage of baby formula continues due to supply chain crunches tied to the coronavirus pandemic that have already strained the country’s formula stock, an issue that was further exacerbated by a major product recall in February. JimWatson …

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Ryanair CEO launches expletive-ridden tirade against Boeing

New York CNN Business — The CEO of Ryanair let loose a scathing, obscenity-laden attack on Boeing management Monday, saying company executives need either an immediate “reboot, or a boot up the a**.” “At the moment we think Boeing management is running around like headless chickens, not able to sell aircraft, and then even the …

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How Carvana went from a Wall Street top pick to meme stock trading

Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC caravan CEO Ernie Garcia III regularly tells Wall Street that “the march continues” in the company’s mission to become the largest and most profitable used car retailer in the world. Its stock price has marched this year as well, just in the wrong direction for investors. Within …

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JetBlue launches hostile takeover bid for Spirit Airlines

LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York. Leslie Josephs | CNBC JetBlue Airways launched a hostile takeover bid of Spirit Airlines on Monday after that carrier rejected JetBlue’s $33 per share, all-cash offer earlier this month. JetBlue has said acquiring Spirit would give it access to a large fleet …

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JetBlue launches hostile takeover for Spirit

New York CNN Business — JetBlue is going hostile in its effort to acquire Spirit (SAVE)the latest twist in an industry battle for the low-cost carrier. Spirit previously rejected a takeover offer from JetBlue (JBLU)favoring an earlier deal to merge with fellow budget airline Frontier. Now, JetBlue is appealing directly to Spirit’s shareholders, urging them …

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First Street Foundation scores wildfire risk for every home in America

Laguna Niguel, California May 11, 2022- Firefighters battle a brush fire at Coronado Pointe in Laguna Niguel Wednesday. Wally Skalij | Los Angeles Times | Getty Images Raging New Mexico and California wildfires may offer an ominous outlook for a growing swath of America, and not just in the West. Wildfire risk is increasing, likely …

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Stocks week ahead: How resilient is the US consumer?

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business — Worries about an economic slowdown are running wild on Wall Street. Despite concerns about inflationhigher interest rates from the Federal Reserve, supply chain issues and geopolitical turmoil …

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