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Booking.com CEO sold $14M worth of stocks 5 days before pulling Q1 guidance

Glenn Fogel, the CEO of Booking Holdings which operates Priceline, Booking.com, Agoda and KAYAK, sold big chunk of Booking Holdings shares on March 4, 20200. Besides him, Millones Peter John Jr (Executive Vice President) sold $3.2M worth of Booking shares and Goulden David Ian (CFO) sold $658,000 worth of shares. Why is this interesting? On […]

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Investments Markets National

Mesa Airlines under investigation over “possible violations of federal securities laws”

Mesa Air Group, Inc. (NASDAQ : MESA), an American airline company headquartered in Phoenix and a holding company for Mesa Airlines is reportedly under investigation over its third quarter 2019 financial results. Following is the press release from Rosen Law Firm on this matter. On August 9, 2018, Mesa conducted its initial public offering (“IPO”), […]

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Industries Investments Markets National

United Airlines CEO in the letter to employees:”we expect demand to remain suppressed for months, possibly into next year”

United Airlines (NASDAQ:UAL) a major American airline headquartered in Chicago, is taking the measures to cut the spending caused by the coronavirus lockdown. In the Letter to employees from March 27, 2020 United CEO Oscar Munoz together with President ,J. Scott Kirby talks about state of the economy, compares the situation with 9/11,promises not to […]

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Entrepreneurs Industries Markets National

You paid taxes and Delta Air Lines DIDN’T. Now they are getting taxpayers’ money.

The Republican-led Senate approved the massive bailout bill – which would be the biggest fiscal stimulus measure ever passed by Congress – by 96 votes to zero late on Wednesday, overcoming partisan negotiations and encouraging Democratic-majority House to vote for it. With one in three Americans called to stay home, schools and businesses closed across […]

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Markets National

Southwest flight attendant from Reno:”You will never see this again, not one human being in the whole airport”

The sudden collapse of air travel industry caused by coronavirus bans and customer fears is having a severe impact on airport cash flows. One of these airports is a Reno Airport. A video of Reno-Tahoe International Airport (RNO) surfaced on Twitter showing a ghost town. According to this Southwest flight attendant the whole airport is […]

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Entrepreneurs Markets National Real Estate Retail

CEO of Cheesecake factory- we are broke

The Cheesecake Factory, an American restaurant company and distributor of cheesecakes informed their landlords that they are not going to pay their bills anymore, since they are BROKE. According to LA Eater, Cheesecake CEO David Overton wrote to landlords: “Due to these extraordinary events, I am asking for your patience, and frankly, your help.” and […]

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Entrepreneurs Healthcare Investments Markets National

Bill Gates from his 66,000 square feet mansion:”We can’t restart the economy soon” because “there are piles of bodies out there”

Bill Gates, the co-founder of Microsoft and a well known philanthropist, shared his view on risks involved in restarting the economy. Bill Gates oposed the idea during a TED interview with Chris Anderson, saying that “there really is no middle ground, and it’s very tough to say to people, ‘Hey, keep going to restaurants, go […]

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Eurozone Industries Investments Markets National

Warren Buffett takes another blow as Heinz Ketchup sales are going down due to stay-at-home orders

Back in February Warren Buffett complained that his Berkshire Hathaway Inc overpaid for merger that created Kraft Heinz Co . With Airlines being his biggest fall this March, looks like Kraft Heinz stocks (KHC) are going down as well. At least if we are going to trust the latest report price target from Berenberg. German […]

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Industries Markets National

American Airlines to employees: Expect layoffs and 20% pay cuts, and that’s if AA gets bailout

Flight cancellations are skyrocketing, the biggest U.S. airlines are internally thinking about a voluntary shutdown of all passenger flights across the U.S. and on the remaining flights that are still operating, it’s not uncommon to have only a handful of passengers. In this economy (if we can call it economy) some airlines are burning $50M […]

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Eurozone Markets National

Booking.com CEO in the letter to employees:”It is going to get worse before it gets better”.

Booking Holdings (NASDAQ:BKNG) one of the largest online travel agencies (OTA) and second biggest in U.S. market after Expedia, is taking the measures to save cash during the travel meltdown caused by coronavirus outbreak. In the Letter to employees from March 23, 2020 Booking CEO Glenn Fogel talks about cutting non-essential business travel, implementing a […]