Benzinga Before The Bell: Tesla''s Cybertruck Update, Twitter''s New Feature, Netflix''s Ad-Tier And Other Top Financial Stories Thursday, June 23
CNBC Pilot Shortage Pushes American Airlines To Quit Services In 4 Cities American Airlines Group Inc (NASDAQ: AAL ) plans to discontinue service to four U.S. cities from September. The cities will lose scheduled commercial air service entirely, reported CNBC. AAL blamed the service restrictions on a regional pilot shortage. The report further noted American Airlines, United Airlines Holdings Inc (NASDAQ: UAL ), and Delta Air Lines, Inc (NYSE: DAL ) have reduced service between several smaller cities and major hubs, citing a scarcity of aviators as the reason. Reuters Bidders Offers Value Toshiba Up To $22B Potential buyers for Japanese conglomerate Toshiba Corp (OTC: TOSYY ) are mulling offering up to 7,000 yen ($51.41) per share, Reuters reported. The offer price, if realized, will value the company at about $22 billion, representing a 27% premium to Toshiba’s share price of 5,501 yen as of Wednesday’s close. Court Penalizes Samsung Australia For Misleading Smartphone Ads A court penalized Samsung Electronics Co, Ltd’s (OTC: SSNLF ) Australian unit A$14 million ($9.65 million) for nine misleading advertisements regarding a water-resistance feature in some of its smartphones, Reuters reports citing Australia’s competition regulator.
Benzinga Before The Bell: Tesla''s Cybertruck Update, Twitter''s New Feature, Netflix''s Ad-Tier And Other Top Financial Stories Thursday, June 23
CNBC Pilot Shortage Pushes American Airlines To Quit Services In 4 Cities American Airlines Group Inc (NASDAQ: AAL ) plans to discontinue service to four U.S. cities from September. The cities will lose scheduled commercial air service entirely, reported CNBC. AAL blamed the service restrictions on a regional pilot shortage. The report further noted American Airlines, United Airlines Holdings Inc (NASDAQ: UAL ), and Delta Air Lines, Inc (NYSE: DAL ) have reduced service between several smaller cities and major hubs, citing a scarcity of aviators as the reason. Reuters Bidders Offers Value Toshiba Up To $22B Potential buyers for Japanese conglomerate Toshiba Corp (OTC: TOSYY ) are mulling offering up to 7,000 yen ($51.41) per share, Reuters reported. The offer price, if realized, will value the company at about $22 billion, representing a 27% premium to Toshiba’s share price of 5,501 yen as of Wednesday’s close. Court Penalizes Samsung Australia For Misleading Smartphone Ads A court penalized Samsung Electronics Co, Ltd’s (OTC: SSNLF ) Australian unit A$14 million ($9.65 million) for nine misleading advertisements regarding a water-resistance feature in some of its smartphones, Reuters reports citing Australia’s competition regulator.