Business

Spirit Airlines announced Tuesday that it reached a deal with lenders that will allow it to exit bankruptcy by the late spring or early summer.The low-cost carrier filed for its second bankruptcy in August 2025 amid mounting losses and dwindling cash reserves. Spirit first filed for Chapter 11 bankruptcy protection in November 2024 after unsuccessful merger talks with JetBlue and Frontier.The airline will still face challenges under the deal, though it […]

Novo Nordisk on Tuesday announced plans to cut the list price of its popular diabetes and weight-loss drugs Ozempic and Wegovy by as much as 50% in the U.S. next year.The Danish drugmaker indicated the price cuts will be effective on Jan. 1, 2027, and the timing will coincide with new, lower prices for Ozempic and Wegovy under Medicare plans for older Americans.The company's announcement indicated the list price for various […]

Public Storage is relocating its headquarters from California to Texas, becoming the latest major corporation to shift its official base to the Lone Star State as it rolls out a leadership transition and long-term growth strategy.The S&P 500 self-storage real estate investment trust said its headquarters will move to the Dallas-Fort Worth metro area, while maintaining a long-term presence in Glendale, California. The announcement comes alongside a CEO transition and […]

Ford is recalling more than 450,000 vehicles in the U.S. in two separate actions over safety issues that federal regulators say could increase the risk of a crash.The largest recall covers 412,774 model year 2017-2019 Ford Explorer SUVs due to a rear suspension toe link that can fracture, potentially affecting steering control.Toe links help maintain rear wheel alignment. If one breaks, it can cause changes in vehicle handling and raise […]

The U.S. Supreme Court upheld a 5th Circuit Court ruling relating to Whole Foods on Tuesday, joining the court in its rebuke of a lower district court's handling of the case.Tuesday's 9-0 opinion, written by Justice Sonia Sotomayor, relates to a lawsuit brought forward in Texas by Sarah and Grant Palmquist. The couple alleged that baby food sold at Whole Foods and manufactured by Hain Celestial Group had harmed their […]

A company that makes self-defense products has spent the last few years moving much of its manufacturing to the U.S. and is finding the benefits extend beyond having the ability to put a "Made in America" label on their products.Byrna Technologies, which makes non-lethal personal security devices that can launch plastic or chemical irritant rounds, moved its main manufacturing facility from South Africa to Indiana in 2021 and began finding qualified […]

FedEx sued the U.S. government Monday, seeking a full refund of tariffs assessed under President Donald Trump’s order targeting imports.The lawsuit is one of the highest-profile moves by a major American company following the Supreme Court's 6-3 ruling Friday, which determined that the president did not have the authority under the International Emergency Economic Powers Act (IEEPA) to impose such tariffs.The complaint, filed against the government and U.S. Customs and […]

The nation’s largest retailer of used cars, CarMax, will pay at least $420,000 to resolve allegations that it repossessed vehicles from U.S. service members without court orders, the U.S. Department of Justice announced Monday.In addition to compensating affected service members, the company will pay a $79,380 civil penalty to the U.S., according to the DOJ.Federal officials accused CarMax of violating the Servicemembers Civil Relief Act (SCRA) by seizing vehicles owned […]

Volvo Cars is recalling over 40,000 of its flagship electric EX30 SUVs because of a risk of battery packs overheating and catching fire.The recall involves replacing modules in the high-voltage battery packs in the SUV, which is a crucial model in Volvo's push to compete with cheaper Chinese brands. The news was first reported by Reuters.The recall covers a total of 40,323 model year 2024-2026 EX30 Single-Motor Extended Range and Twin-Motor […]