Wednesday, July 27, 2022

Spirit terminates Frontier deal, says in talks with JetBlue

After months of back-and-forth, Spirit Airlines announced Wednesday that it was breaking off a merger with Frontier Group, opening the door to a possible takeover by JetBlue.

source https://www.lifetechnology.com/blogs/life-technology-technology-news/spirit-terminates-frontier-deal-says-in-talks-with-jetblue

Ford 2Q profit up 19% on strong prices, sales increase

Ford Motor Co.'s net income rose 19% in the second quarter as the company pulled together enough computer chips to boost factory output and sales.

source https://www.lifetechnology.com/blogs/life-technology-technology-news/ford-2q-profit-up-19-on-strong-prices-sales-increase

Facebook parent Meta posts first revenue decline in history

Facebook and Instagram's parent company Meta posted its first revenue decline in history Thursday, dragged by a drop in ad spending as the economy falters—and as competition from rival TikTok intensifies.

source https://www.lifetechnology.com/blogs/life-technology-technology-news/facebook-parent-meta-posts-first-revenue-decline-in-history