Business

An Air India Boeing 787-8 Dreamliner turned around and went back to its point of origin after takeoff, just days after the airline experienced a deadly crash that killed 241 people onboard.Air India's flight AI315 returned to Hong Kong on Monday as a precautionary measure due to "a technical issue," the airline told Reuters. The flight was headed to New Delhi before it returned safely and underwent checks "as a […]

Activist investor Barington Capital Group is calling for Victoria's Secret to restructure its board of directors and scrap its recently adopted shareholder rights plan. James Mitarotonda, the CEO of the New York-based hedge fund, which owns more than 1% of the company’s outstanding common stock, told Victoria's Secret Chair Donna James in a letter Monday that it has failed to realize its potential since its separation from its parent company, L […]

At Home Group has filed for bankruptcy to help the home decor retailer undergo a restructuring.The company announced Monday it started Chapter 11 bankruptcy proceedings so that it can implement a "restructuring support agreement" that it has signed with lenders "holding more than 95% of the Company’s debt."The restructuring support agreement will help the retailer wipe out "substantially all" of its nearly $2 billion in funded debt, At Home said. […]

The rise of artificial intelligence and the increasing popularity of cryptocurrency will continue to push electricity consumption to record highs in 2025 and 2026.The U.S. Energy Information Administration (EIA), in its latest Short-Term Energy Outlook (STEO), said power demand will rise to 4,193 billion kilowatt-hours (kWh) in 2025 and 4,283 billion kWh in 2026 from a record 4,097 billion kWh in 2024.Data centers will account for the most significant rise […]

Former Estée Lauder CEO Leonard Lauder has died at the age of 92, according to a company statement.Lauder, who was the son of company founder Estée Lauder, died on Saturday. He most recently served as chairman emeritus on the board of The Estée Lauder Companies, after previously serving as president and CEO."Throughout his life, my father worked tirelessly to build and transform the beauty industry, pioneering many of the innovations, […]

Costco is set to open a new standalone gas station by spring.The city of Mission Viejo, Calif. has approved plans to tear down a former Bed, Bath and Beyond store to make room for the fuel pumps that will only be available to Costco members. The station will feature 40 pumps only and will not have a convenience store shopping space. It will be located at the Mission Viejo Freeway Center […]

Vanessa Hudgens' former Los Angeles home is looking for a new owner.The "High School Musical" actress' former home in Studio City is on the market for $4.18 million, in partnership with listing agent Michael J. Okun of Sotheby’s International Realty – Sherman Oaks Brokerage.According to the Robb Report, the 36-year-old actress first purchased the home in 2008 for $2.75 million and lived there until 2019, when she sold it for […]

Shaquille O'Neal will be paying seven figures to settle the class-action lawsuit against FTX that also named other high-profile athletes.O'Neal will pay $1.8 million after he was accused of touting the since-defunct cryptocurrency as a reputable and trustworthy investment option via paid endorsements.Legendary NFL quarterback Tom Brady and NBA star Stephen Curry, as well as David Ortiz, Shohei Ohtani, Naomi Osaka and Trevor Lawrence were also named in the suit […]

President Donald Trump issued an executive order on Friday approving U.S. Steel’s merger with Japan’s Nippon Steel through a National Security Agreement (NSA). The NSA includes a commitment to more than $11 billion in new steelmaking investments in the United States by 2028 and the creation of more than 100,000 jobs. The deal also gives the U.S. government a "golden share" of the merger, which includes commitments to governance, domestic production and […]