Business

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In a landmark legal move, the U.S. Justice Department (DOJ) has initiated a civil antitrust lawsuit against Visa, the largest payments network in the world. This suit alleges that Visa has maintained an illegal monopoly over debit transactions by employing exclusionary agreements that hinder competition and entrench its market dominance. The implications of this lawsuit
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As the competitive landscape of co-brand credit card partnerships evolves, American Airlines is reportedly considering a significant shift in its financial affiliations. After nearly a decade-long relationship with Barclays, the airline could soon partner exclusively with Citigroup, highlighting a strategic move aimed at maximizing profits from its loyalty program. This article delves into the implications
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In a climate of financial turmoil and operational upheaval, Boeing finds itself entrenched in an ongoing strike led by its machinists. The demands for higher wages amid soaring living costs in the Seattle area are becoming increasingly critical as workers express their frustrations. This labor dispute not only threatens Boeing’s already precarious situation, with the
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In a significant move for Boeing, CEO Kelly Ortberg has announced the immediate departure of Ted Colbert, the head of the defense division. This decision marks Ortberg’s first substantial executive action since he assumed leadership in August. The sudden exit underscores the pressures facing Boeing, particularly in its defense, space, and security sectors, which have
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Darden Restaurants, a leading player in the casual dining sector, has recently reported its quarterly earnings, highlighting a challenging period characterized by weaker-than-anticipated financial results. The company’s revenue and earnings per share for the first quarter did not meet the expectations of analysts, as outlined in a recent report. Darden’s results underscore a notable decrease
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The Women’s National Basketball Association (WNBA) has announced a significant milestone: the addition of its 15th franchise located in Portland. This marks the third new franchise launched in a recent wave of expansion, reflecting the league’s commitment to growth and its recognition of the increasing popularity of women’s professional sports. Set to commence play in