Frontier-Spirit Deal to Form Discount-Airline Juggernaut
Frontier Airlines agreed to buy Spirit Airlines for $2.9 billion in cash and stock in a deal that would create a discount-airline juggernaut.
Source: bangkokpost.com
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Kohl's Rejects $9 Billion Takeover Bid, Adopts Poison Pill
Kohl's Corp. on Friday rejected a $9 billion takeover offer by an activist group for being too low, but said it would review other expressions of interest in the department-store chain.
Source: bangkokpost.com
Amazon and Other Potential Suitors Explore Peloton Deal
Peloton Interactive Inc is drawing interest from potential suitors including Amazon.com Inc., according to people familiar with the matter, as the stationary-bike maker's stock slumps and an activist urges it to explore a sale.
Source: bangkokpost.com
Ford Posts $17.9 Billion in Full-Year Net Income, Gives Upbeat Outlook
Ford Motor Co. reported a strong profit for 2021 and issued an upbeat forecast for this year, the latest sign that the auto industry could return to a degree of stability after two years of pandemic-related disruptions.
Source: bangkokpost.com
Southwest to Bring Alcohol Back on Flights, Citing Customer Demand
Southwest Airlines is bringing back in-flight alcohol sales after holding off for months to tamp down on disruptive passengers.
Source: bangkokpost.com