Cleared

A bankruptcy judge approved a chapter 11 exit plan for Latam Airlines Group SA that puts $5.44 billion of fresh capital into the Chilean business, moving it closer to ending its pandemic-driven restructuring after two years. Judge James Garrity of the U.S. Bankruptcy Court for the Southern District of New York said the chapter 11 plan resulted from “good faith, arm’s-length negotiations” among Latam and its stakeholders and provides the best available path to resolve its bankruptcy case.…

South Korean manufacturer Hyundai has introduced the Venue facelift in the Indian market. The mid-life update is expansive and adds a lot of new features to the Venue. Hyundai has already started accepting the bookings for the Venue and has received about 15,000 pre=bookings till now for the new model. Hyundai already has a backlog of 25,000 units of the old Venue. Before delivering the new model, the company will clear the backlog first. Tarun Garg, Director (Sales, Marketing & Service), Hyundai Motor India told…

A new report says that Apple is struggling to find permanent accommodation for many of the homeless people displaced from the encampment on its property last year. The Seattle Times reported Monday that Apple has spent "millions of dollars" to house all of the people displaced from its property last year in a motel for nine-months. The report says that Apple has managed to permanently house eight people from the group, but that "more than three times that many were still awaiting placements days before the deadline."…

A United Airlines Holdings Inc. Boeing 777-200 aircraft on the tarmac at San Francisco International Airport (SFO) in San Francisco, California, U.S., on Thursday, Oct. 15, 2020.David Paul Morris | Bloomberg | Getty ImagesUnited Airlines said Tuesday that the Federal Aviation Administration has cleared the path for the return of 52 Boeing 777s powered with Pratt & Whitney engines that were grounded after an engine failure in February 2021."Late last night, the FAA issued the final paperwork on our Pratt &…

U.S. health regulators cleared for use a booster shot of the Covid-19 vaccine from Pfizer Inc. and BioNTech SE for children 5 to 11 years, expanding booster access to about 28 million youngsters. The decision Tuesday by the U.S. Food and Drug Administration permits a third dose of the shot at least five months after the second dose. It comes weeks after the drugmakers said a third shot safely generated a strong immune response in the children, including…

Activision Blizzard has announced that its stockholders have voted to approve Microsoft’s acquisition of the company. An overwhelming 98% of shareholders voted in favor of Microsoft’s nearly $70 billion purchase in a special meeting on Thursday, according to a press release. Microsoft may have had its little victory in getting permission from Activision Blizzard’s stockholders and board of directors to buy the maker of Call of Duty, World of Warcraft, Crash Bandicoot, and the Tony Hawk’s Pro Skater series, but the…

Federal safety regulators say they have cleared the way for Verizon and AT&T to power up more towers for new 5G service without causing radio interference with airplanes.The Federal Aviation Administration said Friday that it took the steps after receiving details from the telecommunications companies about the location of wireless transmitters.The FAA's move will let the companies activate 5G cell towers closer to airports without hindering the ability of planes to land during poor weather.Verizon and AT&T…