Getty Images Harland and Wolff was bought out of administration in 2019 Spain’s state-owned shipbuilder Navantia is in exclusive talks to buy Harland and Wolff, the Belfast-based shipyard. Harland and Wolff, best known for building the Titanic, also has operations at Appledore in England and Methil and Arnish in Scotland. Navantia already has a business … Read more
Elliott Investment Management is taking its fight with Southwest Airlines to investors by calling for a special shareholder meeting where they can vote on new director candidates who would ultimately steer company strategy. In calling for the meeting, Elliott is taking a highly unusual step but one it has telegraphed for weeks after concluding recent changes … Read more
An Amazon executive wore a necklace in a company video that featured a pendant in the shape of the map of Israel with a Palestinian flag imposed on top of it — sparking outrage on social media, with users vowing to cancel their Prime subscriptions and demanding that the executive be fired. Ruba Borno, who … Read more
STONAVA, Czech Republic — Deep underground in northeastern Czech Republic, workers in the region’s last-functioning coal mine drill, load and haul the fuel up to the surface. The CSM mine is part of the Upper Silesian Coal Basin, a region straddling the Czech-Polish border with a 250-year history of mining because of its rich coal … Read more
NASHVILLE, Tenn. — A federal appeals panel has temporarily halted two permits needed to begin construction on a pipeline project in Tennessee that will supply a natural gas plant. In a split 2-1 decision, the 6th U.S. Circuit Court of Appeals panel delivered a ruling Friday that, for now, prevents Tennessee Gas Pipeline Company LLC … Read more
Starbucks’ new boss is putting his stamp on the company by cutting back on discounts and promotions — forcing coffee lovers to pay full price for their drinks. Chief Executive Brian Niccol, the former Chipotle CEO who was poached by the Seattle-based coffeehouse chain earlier this year, ordered his deputies to quietly reduce the plethora … Read more
Cirque du Soleil will set up its big top in the Big Apple for the first time in nearly a decade as the popular troupe continues its high-wire act to expand the brand after going belly-up during the pandemic, The Post has learned. The production – called “Luzia,” based on a waking dream of Mexico … Read more
True Value filed for Chapter 11 bankruptcy on Monday and is seeking to sell the 75-year-old business to a rival — the latest hardware company to succumb to a weak housing market, the company said. The Chicago-based company said it would continue day-to-day operations at its 4,500 independently-owned retailers throughout the Chapter 11 process. Hardware … Read more
U.S. stock indexes closed higher on Wall Street, adding to their all-time highs. The S&P 500 rose 0.8% Monday to build on its record set Friday. The Dow Jones Industrial Average came back from an early loss to add 0.5% to its own record. The Nasdaq composite climbed 0.9%. The gains followed relatively quiet trading … Read more
Elon Musk threatened to take legal action against Democrat-led California after a state commission cited the Republican-backing mogul’s politics in its decision to reject a request for more frequent SpaceX launches. The billionaire founder of SpaceX, which made history over the weekend when it conducted a successful test flight of its Starship Super Heavy booster … Read more