Friday, October 18

Tag: purchases

Spirit Airlines Will Delay Plane Purchases and Furlough Pilots
8Apr By adminNo Comments
Travel

Spirit Airlines Will Delay Plane Purchases and Furlough Pilots

Spirit Airlines said on Monday that it would delay delivery of new Airbus planes and furlough pilots to save money as it seeks to overcome several setbacks, including a blocked merger, engine problems and a lackluster recovery from the pandemic.The budget airline said in a statement that the new steps would save the company $340 million over the next two years.Spirit has made several changes aimed at cutting costs and improving its financial position since a federal judge in January blocked its plan to merge with JetBlue Airways. The judge ruled that the proposed deal would harm consumers. Spirit and JetBlue gave up an effort to appeal that decision last month.Spirit plans to delay most of the Airbus planes it had expected to receive in 2025 and 2026 by about five years. It also said that...
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Gary Gensler and the SEC Lose Again
2Nov By adminNo Comments
Health

Gary Gensler and the SEC Lose Again

Is Gary Gensler ever going to win a case? On Tuesday the Fifth Circuit Court of Appeals handed the Securities and Exchange Commission Chairman another legal defeat by scuttling the agency’s stock-buyback rule (U.S. Chamber of Commerce v. SEC.)The SEC in May finalized a rule requiring public companies to disclose their daily share repurchases and the reason for buying back their stock. Mr. Gensler claimed companies might buy back their stock to boost executive compensation, which is sometimes tied to accounting metrics such as earnings per share. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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JPMorgan CEO Jamie Dimon to Sell One Million Shares
27Oct By adminNo Comments
Money

JPMorgan CEO Jamie Dimon to Sell One Million Shares

Updated Oct. 27, 2023 12:21 pm ETJamie Dimon plans to sell a portion of his stock in JPMorgan Chase for the first time.Dimon, the chief executive, intends to sell one million of his current 8.6 million shares “for financial diversification and tax-planning purposes,” the bank said Friday in a filing.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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JPMorgan CEO Jamie Dimon to Sell One Million Shares
27Oct By adminNo Comments
World

JPMorgan CEO Jamie Dimon to Sell One Million Shares

Updated Oct. 27, 2023 10:07 am ETJamie Dimon plans to sell a portion of his stock in JPMorgan Chase for the first time.Dimon, the chief executive, intends to sell one million of his current 8.6 million shares “for financial diversification and tax-planning purposes,” the bank said Friday in a filing.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Virgin launches 50 per cent bonus promotion on Virgin Points purchases – Business Traveller
16Sep By adminNo Comments
Travel

Virgin launches 50 per cent bonus promotion on Virgin Points purchases – Business Traveller

Virgin has launched a new points bonus promotion for those looking to purchase Virgin Points in the coming days. The offers runs until 18 September, up to the maximum 100,000 points purchase limit per Virgin Red or Virgin Atlantic Flying Club member. Virgin Points normally cost £15 per 1,000 points, meaning members can currently get 1,500 points for the same cost, valuing them at 1p per point. Earlier this month Virgin introduced a new flat rate for Virgin Red and Flying Club members looking to transfer points to family and friends. Members will now pay a flat rate of £10 per transfer, with no limit to the amounts of points which can be moved to another member. The new system replaces the previous rates of £15 per transfer plus £7.50 for every 1,000 points transferred. Virgin introduces ...
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Virgin Red adds option to redeem points against rail ticket purchases – Business Traveller
15Jul By adminNo Comments
Travel

Virgin Red adds option to redeem points against rail ticket purchases – Business Traveller

Virgin Red is continuing to add new options for members to redeem their Virgin Points, with the latest partnership with the group’s Virgin Trains Ticketing app. Members can now put their points towards the purchase of rail tickets across Great Britain, starting from 200 points for a £1 discount, up to 50,000 points for a £250 discount. The redemption rate values one Virgin Point at 0.5p, which is the same as the new Costa, Pizza Express and Nike gift card redemption options which were launched last month. https://www.businesstraveller.com/business-travel/2023/06/28/virgin-red-adds-gift-card-redemption-options/ The Virgin Trains Ticketing app already allows members to earn three points for every £1 spent on rail tickets. To celebrate the launch of the new redemption option, Virgin Trains ...
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