US trucking company Yellow shuts down operations, Wall Street Journal reports

US trucking company Yellow shuts down operations, Wall Street Journal reports

July 30 (Reuters) – The Teamsters said on Sunday that the union was served a notice that Yellow Corp (YELL.O) is ceasing operations and filing for bankruptcy. “Yellow has historically proven that it could not manage itself despite billions of dollars in worker concessions and hundreds of millions in bailout funding from the federal government,” … Read more

Florida judge rules against Disney in feud with DeSantis

Florida judge rules against Disney in feud with DeSantis

WILMINGTON, Delaware, July 28 (Reuters) – A Florida judge on Friday rejected a Walt Disney Co (DIS.N) request to dismiss a lawsuit by an oversight district, a move that could make it harder for the entertainment giant to pursue its own case against Governor Ron DeSantis as part of a yearlong feud. The ruling allows … Read more

Focus: Shifting trends in travel demand bedevil US airlines

Focus: Shifting trends in travel demand bedevil US airlines

A general view of Philadelphia International Airport in Philadelphia, Pennsylvania, U.S., June 17, 2023. REUTERS/Tom Brenner/File Photo CHICAGO, July 21 (Reuters) – Consumers continue to splurge on air tickets. But travel patterns are shifting so often, partly due to work-life changes wrought by the pandemic, that airlines must constantly adapt on booking plane seats and … Read more

Analysis: Stock sale frenzy foretells US IPO market comeback

Analysis: Stock sale frenzy foretells US IPO market comeback

Signage for TXO Energy Partners is seen at the New York Stock Exchange (NYSE) to celebrate their IPO in New York City, U.S., January 27, 2023. REUTERS/Andrew Kelly Acquire Licensing Rights NEW YORK, June 21 (Reuters) – A flurry of stock sales by companies points to a likely wave of initial public offerings launching come … Read more