September 19, 2024Erin SlifkaComments Off on Philip Morris to Take $220 Million Loss on Sale of Inhaled-Medicine Unit
Philip Morris said it expects to record a loss on the sale of its inhaled-therapeutics unit to Molex Asia Holdings as it retools its pharmaceutical business.
September 17, 2024Erin SlifkaComments Off on BlackRock, Global Infrastructure Partners, Microsoft, MGX Launch AI Partnership
The partnership, called the Global AI Infrastructure Investment Partnership, will additionally build out energy infrastructure to create power sources for the facilities, the companies said.
The rocket company’s CEO accuses the Federal Aviation Administration of “regulatory overreach” after the agency alleges the company violated launch regulations.
September 17, 2024Erin SlifkaComments Off on Transportation Department Blesses Alaska Air-Hawaiian Merger, With Strings
The carriers secured clearance from the Transportation Department to proceed with their merger, conditioned on the airlines maintaining service on crucial routes, preserving the value of frequent-flier miles and other customer-service guarantees.