Southwest posts quarterly loss, warns more losses to come after service slumps

Southwest posts quarterly loss, warns more losses to come after service slumps

New York CNN — Southwest Airlines reported a fourth-quarter loss due to the company’s service slump during the holiday travel season, and it warned the costs of those issues would result in another first-quarter loss. . The airline was forced to cancel more than 16,700 flights between Dec. 21 and Dec. 29, about half of … Read more

Here’s what Boeing blames for its big loss

Here’s what Boeing blames for its big loss

New York CNN — Boeing reported a fourth-quarter operating loss of $650 million, surprising Wall Street analysts who expected the aviation giant to turn a profit. The company blamed the unexpected loss on “abnormal production costs” as it tried to both deliver the remaining backlog of 737 Max jets and ramp up deliveries of 787 … Read more

Taylor Swift: Live Nation exec to clash with lawmakers over concert ticket fiasco

Taylor Swift: Live Nation exec to clash with lawmakers over concert ticket fiasco

New York CNN — Legislators are ready to grill the top leaders of the event ticketing industry on Tuesday after Ticketmaster’s inability to process orders for Taylor Swift’s upcoming tour left millions of fans unable to buy tickets or without their ticket even after purchase. Joe Berchtold, president and chief financial officer of Ticketmaster’s parent … Read more

Bill Gates backs a startup that tackles cow burps and farts

Bill Gates backs a startup that tackles cow burps and farts

CNN — Turns out burping can be a big deal. Billionaire Bill Gates has announced an investment in Australian start-up Rumin8, which is developing a seaweed-based feed to reduce methane emissions that cows produce through their burps and, to a lesser extent, their farts. Methane is a powerful greenhouse gas. Although it has a shorter … Read more