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Business

Spirit Airlines Declines Frontier's Merger Offer, Prioritizes Stakeholder Value

Spirit Airlines rejects Frontier's merger offer, citing insufficient benefits for stakeholders. The airline is focused on its restructuring plan, aiming to exit bankruptcy by early...

Business

Mitsubishi Electric Aims to Revolutionize China's Factory Robot Supply Chain by 2026

Mitsubishi Electric Corporation plans to strengthen its factory robot supply chain in China by collaborating with local businesses and forming partnerships with Chinese firms, aimi...

Business

Alibaba's Qwen 2.5-Max AI Model Outperforms Competitors, Including GPT-4o and DeepSeek

Alibaba introduces the Qwen 2.5-Max AI model, claiming superiority over DeepSeek-V3, GPT-4o, and Llama-3.1-405B. This development reflects the intensifying competition in the AI se...

Business

RTX Corporation Reports a 9% Surge in Q4 Sales, Reaching $21.6 Billion

RTX Corporation reports a 9% increase in Q4 sales to $21.6 billion, surpassing analyst expectations. Despite a decrease in operating cash flow, the company remains optimistic about...

Business

General Motors Surpasses Expectations with an 11% Revenue Surge to $47.7B in Q4

General Motors announced an 11% increase in Q4 revenue to $47.7 billion, exceeding forecasts. Despite a net loss, adjusted EPS rose by 54.8%. The company also provided a positive o...

Business

Boeing's $11.8 Billion Annual Loss Marks Its Largest Deficit Since 2020

Boeing Co. faces its largest annual net loss since 2020, with a $11.8 billion deficit for 2024, driven by labor disputes, defense program charges, and operational inefficiencies. C...

Business

Lockheed Martin Reports a 1.3% Decline in Q4 Net Sales to $18.6 Billion Amid Earnings Plunge

Lockheed Martin announced a 1.3% decline in Q4 net sales to $18.6 billion, with net earnings plummeting by 71.7%. For the fiscal year 2024, net sales increased by 5% to $71 billion...

Business

France Launches Fraud Investigation into Binance: A Deep Dive into Crypto's Dark Side

France's National Jurisdiction for the Fight against Organized Crime has launched an investigation into Binance over allegations of money laundering, drug trafficking connections, ...