Shoppers and retailers set for ‘challenging’ 2024, says BRC
The British Retail Consortium says shoppers will still be squeezed by higher living costs this year.
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Boeing shares tumble after panel blows out midflight, FAA grounds dozens of 737 Maxes
Shares of Boeing tumbled 8% on Monday as investors digested the news that the Federal Aviation Administration had ordered airlines to ground dozens of Boeing 737 Max 9 aircraft for urgent inspections. The FAA issued the order on Saturday after a door plug blew out in the middle of an Alaska Airlines flight on Friday when the…
Column: How the retail lobby sold a $45-billion whopper about organized shoplifting
If you’re making a list of big news stories of 2023, here’s one you might want to check twice: The surge in “organized retail crime,” or gang shoplifting. I’ve written before about the news media’s fixation on this phenomenon despite the unreliability of retailers’ claims about it, and especially when compared with the much more…
Tesco and M&S report strong Christmas sales
Both retailers beat expectations for the key festive period as overall food prices remain high.
Trader Joe’s Illegally Fired Union Supporter, Labor Prosecutors Say
Prosecutors at the National Labor Relations Board say Trader Joe’s illegally fired a union supporter in Massachusetts because he was pushing for better working conditions. In a complaint filed Tuesday, officials argued that the company should be forced to offer reinstatement and back pay to Stephen Andrade, a nearly 18-year Trader Joe’s veteran in Massachusetts….
United and Alaska Airlines Find Loose Parts on Boeing 737 Max 9 Jets
United Airlines and Alaska Airlines said on Monday that they had found loose parts on some of their Boeing 737 Max 9 jets after a fuselage panel blew out during an Alaska flight on Friday, adding to growing safety concerns about the Max 9. The disclosures followed reports that Alaska Airlines had been warned three…
WSJ News Exclusive | Boeing CEO Says Company Needs to Acknowledge ‘Our Mistake’
Updated Jan. 9, 2024 8:05 pm ET Boeing CEO David Calhoun said the company needs to acknowledge its mistake as the aircraft maker reels from a door-plug failure that has resulted in roughly 170 of its planes being grounded and spooked its customers. In his first remarks since the harrowing accident, Calhoun indicated a misstep…
