I-Chun Chen - HoustonNewMedia.org

FTC files lawsuit to block Microsoft deal to buy Activision Blizzard, parent of esports Overwatch League

I-Chun Chen — Tue, 13 Jun 2023 12:52:00 +0000

The commission has filed a temporary restraining order and preliminary injunction to halt the $69 billion deal.

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United, Azul Brazilian Airlines codeshare agreement expands to six new cities

I-Chun Chen — Tue, 09 May 2023 16:22:27 +0000

The expanded agreement builds on United and Azul's existing codeshare routes from Houston and Newark, New Jersey.

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Walgreens’ VillageMD buys family medicine practice in the Houston area

I-Chun Chen — Thu, 22 Dec 2022 13:19:02 +0000

Conroe-Willis Family Medicine is the latest acquisition for Walgreens’ VillageMD, which already has a substantial presence in the Houston area.

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JetBlue again raises offer to buy Spirit Airlines, includes divesting assets

I-Chun Chen — Wed, 22 Jun 2022 13:11:34 +0000

JetBlue vows to divest certain assets to meet regulatory approval for a union of the two discount airlines.

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Houston’s Weaver merges with New York City accounting firm

I-Chun Chen — Wed, 16 Mar 2022 18:46:14 +0000

Elliot Levine, managing member of Levine & Seltzer, will lead the New York office.

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United Airlines grounds some Boeing 777s after plane sheds debris over neighborhood

I-Chun Chen — Mon, 22 Feb 2021 13:21:35 +0000

Inspectors are looking at Pratt & Whitney engine models used solely on Boeing 777s.

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United warns of 14,000 furloughs with expiration of federal support

I-Chun Chen — Mon, 01 Feb 2021 14:47:54 +0000

Meanwhile, flight attendant unions are pressing Congress for another $15 billion in government assistance.

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Allied study finds Americans kept moving in 2020 despite pandemic; Houston a top destination city

I-Chun Chen — Mon, 11 Jan 2021 14:12:33 +0000

Many Americans still relocated to other cities for work amid the coronavirus pandemic last year, with Texas, Florida and California among the top destinations, according to a report from moving company Allied Van Lines.

The company’s annual Magnet Sta...

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Commercial real estate firm Newmark Knight Frank rebrands to Newmark

I-Chun Chen — Fri, 23 Oct 2020 19:55:54 +0000

The company said it has evolved into one of the fastest-growing CRE service platforms in the world.

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United posts disappointing $1.8B third-quarter loss as pandemic effects continue

I-Chun Chen — Fri, 16 Oct 2020 18:58:50 +0000

Revenue fell 78% to $2.49 billion during the third quarter.

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AMC warns it may be out of cash by year-end, stock plummets

I-Chun Chen — Wed, 14 Oct 2020 13:48:16 +0000

AMC stock took a pummeling after the theater chain warned Oct. 13 it may run out of cash by the end of this year.

AMC shares fell to lows not seen since the early months of the coronavirus pandemic, closing at $3.54 a share, down 13% from AMC's Oct. 1...

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United Airlines plans to furlough 2,850 pilots without more federal aid

I-Chun Chen — Mon, 31 Aug 2020 13:57:59 +0000

United plans to furlough 1,750 of its 13,000 pilots beginning Oct. 1. Another 572 will be furloughed at the end of October and 531 on Nov. 30.

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California Pizza Kitchen files for bankruptcy protection in Houston

I-Chun Chen — Thu, 30 Jul 2020 21:27:09 +0000

California Pizza Kitchen has filed for Chapter 11 bankruptcy protection, as the chain has been unable to surmount the challenges posed by a steep drop in sit-down dining due to the coronavirus pandemic.

The Chapter 11 petitions were filed July 29 in t...

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United Airlines adding about 25,000 flights in August, including Houston routes

I-Chun Chen — Thu, 02 Jul 2020 12:39:51 +0000

United Airlines (Nasdaq: UAL) is adding nearly 25,000 domestic and international flights in August as travel demand slowly starts to pick up, though the number of flights is down 40% from where it was last year.

The Chicago-based airline said its sche...

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Marathon Petroleum in talks to sell Speedway gas stations (again)

I-Chun Chen — Mon, 22 Jun 2020 20:01:45 +0000

After recently postponing the spinoff of its Speedway gas stations, Findlay, Ohio-based Marathon Petroleum Corp. (NYSE: MPC) is again in talks to sell the subsidiary.

Possible buyers include Canada’s Alimentation Couche-Tard Inc., which operates about...

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Zales, Kay owner to close nearly 400 jewelry stores in shift to e-commerce

I-Chun Chen — Fri, 12 Jun 2020 13:49:03 +0000

Signet Jewelers Ltd. (NYSE: SIG), owner of the Kay Jewelers, Zales and other jewelry chains, said it won’t reopen at least 150 North American stores and 80 U.K. stores, and it will close another 150 stores by the end of the year as it further shifts to...

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United requiring coronavirus health screening for passengers during check-in

I-Chun Chen — Thu, 11 Jun 2020 19:54:24 +0000

United Airlines is requiring passengers to complete a health self-assessment during the check-in process to screen for coronavirus symptoms.

The Chicago-based airline said it is asking customers to complete a "Ready-to-Fly" checklist, which asks them ...

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United Airlines cutting 13 top management positions in restructuring

I-Chun Chen — Fri, 29 May 2020 23:36:24 +0000

United Airlines is eliminating 13 of its 67 officer positions as restructures its business to address the sharp fall in travel demand due to the coronavirus pandemic.

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United Airlines joins JetBlue in raising bag fees

I-Chun Chen — Mon, 24 Feb 2020 00:40:43 +0000

Joining what could be a trend, United Airlines will increase the charge for checked bags by $5 starting this month.

The first checked bags for passengers traveling on United (Nasdaq: UAL) will be $35, up from $30, and the second bag will cost $45.

T...

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Another national mall retailer to sell assets for $81M

I-Chun Chen — Mon, 03 Feb 2020 20:29:37 +0000

National retailer Forever 21, which filed for bankruptcy protection last year, has agreed to sell its assets to a consortium of companies for $81 million in a deal that will allow it to keep stores open and continue operating.

Under the agreement, the...

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