Planning

Hawaiian Holdings Inc. HA 0.51% is investing in a company developing electric seagliders that the airline hopes to fly on short hops between islands.The battery-powered seagliders being developed by Regent, a Boston-based startup, are a hybrid of a boat and a plane. They would cruise five to 30 feet above the waves on average, flying on a cushion of air that keeps the plane aloft, known as the “ground effect.” Flying between the Hawaiian islands is a major source of…

Under the plan, which previously hasn’t been reported, the German company, a minnow in the U.S. but one of the largest auto makers in the world, is planning to launch a new Scout-branded electric sport-utility vehicle and a Scout electric pickup truck. VW’s board of directors is expected to approve the plan on Wednesday, according to people familiar with the meeting’s agenda. The plan would see Scout operate as a subsidiary of VW in the U.S. alongside other VW brands—Volkswagen, Audi, Porsche, Lamborghini and Bentley.…

CORINTH, Miss.—Construction equipment maker Caterpillar Inc. CAT -1.04% wants to sell engines—again and again.Every day, old, beat-up and broken-down engines from mining trucks and compactors return to a factory here to be inspected, taken apart and rebuilt again as new. The effort, which in 2021 took in an estimated 127 million pounds of equipment to be reprocessed, is part of a push by the construction equipment giant to meet environmental goals and boost revenue from…

Armstrong Flooring Inc., a publicly traded manufacturer founded in 1860, has filed for bankruptcy, saying it couldn’t raise prices enough to counter supply-chain disruptions and higher costs for materials and transportation. The Lancaster, Pa.-based company, along with subsidiaries AFI Licensing LLC, Armstrong Flooring Latin America Inc. and Armstrong Flooring Canada Ltd., filed for chapter 11 protection Sunday in the U.S. Bankruptcy Court in Wilmington, Del. In November, Armstrong warned about…

Americans itching to travel this summer after navigating Covid-19 for the past two years face a new disruption to plans: the rising cost of travel.Inflation rose to 8.5% in March compared with the same month a year earlier, according to the Labor Department’s consumer-price index—the highest rate in four decades. Gas prices are up about 50% from a year ago. Hotel costs jumped nearly 30%, and airline fares rose 24%, while vehicle-rental costs jumped nearly 14%. April figures set to be released on Wednesday aren’t expected…

Activist hedge fund Third Point LLC told clients it has increased its stake in Shell SHEL -3.24% PLC and is still pushing the oil giant to restructure, six months after calling for a breakup of the company. Daniel Loeb’s New York-based hedge fund took a $750 million stake in Shell last year as of the third quarter, and called on it to separate into multiple companies—one focused on legacy businesses such…

A federal judge has tossed a lawsuit filed last year by former President Donald Trump against Twitter Inc. TWTR -1.11% and its then-chief executive Jack Dorsey over alleged censorship, an issue that the company’s potential new owner, Elon Musk, has said he would clamp down on. U.S. District Judge James Donato of…

Representational ImageIt appears that Apple is trying to follow in the footsteps of Tesla as the tech giant is reportedly working on its own operating system (OS) that will be centrally integrated in its long-rumoured autonomous car. As per a latest report by Digitimes, the operating system will be quite similar to the one seen in Tesla cars, that is used to operate driving controls and also the entertainment.The rumoured ‘carOS’ will be more than just an expanded version of Apple CarPlay as it will likely be able to…

Roku Inc. ROKU 5.83% has teamed with private-equity firm Apollo Global Management Inc. APO 3.73% to bid for a minority stake in the pay-TV and streaming service Starz, which is known for series like “Outlander” and “Power,” according to people familiar with the situation. In November, movie and television production company Lions Gate Entertainment Corp.…

Facebook parent Meta Platforms on Wednesday announced a sharp slowdown in hiring, ending an extended period in which the tech giant added thousands of jobs a year.“We regularly re-evaluate our talent pipeline according to our business needs and in light of the expense guidance given for this earnings period, we are slowing its growth accordingly,” a Meta spokesperson said in a statement. “However, we will continue to grow our workforce to ensure we focus on long term impact.” Facebook parent Meta Platformson Wednesday…