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Southwest Airlines (LUV) said Monday that it will buy smaller rival AirTran Airways (AAI) for $1.4 billion, in a merger of low-cost carriers whose impact will be felt from fares to the number of flights available to millions of passengers. The merger continues a trend of airlline consolidation, which has seen Continental and United Airlines […]
The Nissan Leaf, has reached its goal of 20,000 pre-orders three months ahead of schedule. Pre-orders first became available in April. Not everyone who pre-ordered will necessarily buy a Leaf, of course. A $99 reservation fee isn’t enough to force people to follow through on their commitments. It is an encouraging sign however for the […]
Blockbuster has filed for Chapter 11 bankruptcy, listing assets of $1.02 billion against debt of $1.46 billion. Is that all? Blockbuster also says it has reached a deal with a group of bondholders on a reorganization plan and secured $125 million loan to finance operations. Apparently the U.S. operations will continue normal business while in […]
A brain, a princess, a basket case and a criminal – all back together again. Anthony Michael Hall, Molly Ringwald, Ally Sheedy and Judd Nelson – four of the five Brat Pack stars who rocketed to fame in John Hughes’ seminal high-school drama The Breakfast Club – reunited in New York City Monday night for […]
Paying for your subway ride may soon require just a wave of your iPhone rather than a swipe of a metro card. Visa announced today initiatives in New York and California to create more convenient payment experiences for riders of mass transit. The company is aiming to integrate VisaNet, its electronic payment system, to let […]