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Frontier Airlines of Denver filed for Chapter 11 bankruptcy protection late Thursday. The Denver Business Journal spoke with several airline industry analysts about what Frontier's bankruptcy means for the low-cost carrier.
Standard & Poor's Airline Equity Analyst Jim Corridore, based in New York
What's your view of Frontier filing Chapter 11?
When they filed […]
Filed under: economics by Finance Boss
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Millennium Pharmaceuticals Inc. has agreed to be bought by Japan's Takeda Pharmaceutical Co. Ltd. for approximately $8.8 billion in cash.
Millennium (Nasdaq: MLNM), a Cambridge-based biopharmaceutical company, reported that its stockholders would receive $25 per share, a 53 percent increase over yesterday's close.
Millennium markets Velcade, an injectable oncology product, in more than […]
Filed under: business by Finance Boss
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American Airlines Inc. canceled almost 500 flights Tuesday and will likely cancel more flights Wednesday to conduct additional inspections of its MD-80 fleet to comply with safety directives from the Federal Aviation Administration.
The airline, a unit of Fort Worth-based AMR Corp. (NYSE: AMR), said the inspections were related to the bundling of wires […]
Filed under: marketing by Finance Boss
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Pizza delivery chain Papa John's International Inc. has signed development agreements with four franchisees for a total of 57 new stores in Canada.
Under the agreement, 20 stores will be built throughout the Atlantic Provinces by PJ Atlantic Franchising Ltd., 10 will be built in Saskatchewan by MJ Taylor Holding Co., 15 will […]
Filed under: money by Finance Boss
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International Monetary Fund Managing Director Dominique Strauss-Kahn said prospects for the world economy aren't improving and indicated growth is unlikely to pick up in 2009.
“The forecasts we're going to release in a few days show things are not really improving,'' said Strauss-Kahn at a conference in Watford, England today. “The downside risks identified […]
Filed under: management, money by Finance Boss
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Deutsche Telekom cut the price of Apple Inc.’s iPhone in Germany to the equivalent of about $156 from $628 in a push to sell more of the devices.
The three-month campaign, aimed at the company’s T-mobile subscribers, ends June 30 and must combine an eight gigabyte iPhone with a premium contract.
The newer […]
Filed under: technology by Finance Boss
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European services growth slowed in March after the euro rose to a record and the U.S. economic downturn deepened.
Royal Bank of Scotland Group Plc said its index of growth in service industries from banks to airlines fell to 51.6 from 52.3 in February. That's lower than an initial estimate of 51.7 published March […]
Filed under: economics by Finance Boss
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Atlantic Station has a new leasing team.
The Shopping Center Group recently won the retail leasing assignment for the massive Midtown mixed use project.
The Shopping Center Group, which took over in its new role April 1, will be the exclusive retail leasing agent for Atlantic Station’s retail and entertainment district, including 17th […]
Filed under: money by Finance Boss
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