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Alaska Air Group is set to acquire Hawaiian Airlines in a $1.9 billion deal, marking the second potential airline merger in less than two years, according to a report by CNBC. The merger is expected to add to the ongoing regulatory challenges in the industry. Alaska will take on $900 million of Hawaiian’s debt, paying…
Ford Motor reinstated its 2023 guidance after withdrawing it last month due to labor strikes and negotiations with the United Auto Workers union. The announcement was made on Thursday, and the guidance now calls for $10 billion to $10.5 billion in adjusted earnings before interest and taxes, and adjusted free cash flow of between $5…
General Motors aims to regain the trust of investors by announcing a series of initiatives on Wednesday, following a challenging year involving labor strikes and struggles with its electric and autonomous vehicle plans. The Detroit automaker plans to boost its quarterly dividend by 33% to 12 cents per share, along with launching an accelerated $10…
