On a fateful Sunday morning, Jeju Air Flight 7C2216 met a catastrophic end as it approached the runway at Muan International Airport. The Boeing 737-800, in a tragic series of events, belly-landed with its flaps and landing gear reportedly retracted, causing the aircraft to collide violently with a mound of dirt and a concrete wall
Business
On an ordinary day in southwestern South Korea, an extraordinary tragedy unfolded as a Jeju Air flight, carrying 181 passengers and crew, conducted a belly landing at Muan International Airport. The incident transpired without the deployment of the landing gear, resulting in a catastrophic fire that claimed nearly all lives on board, save for two
In a bold move that marks a significant turning point in its corporate history, Nordstrom has announced plans to become a privately held company. The decision comes on the heels of a $6.25 billion buyout negotiated with the Nordstrom family and the Mexican retail giant, El Puerto de Liverpool. With this shift, the founding family
This past Christmas turned out to be a significant milestone for Netflix, marking a historic moment in the world of sports streaming. According to data from Nielsen, the platform delivered record-breaking viewership for NFL games, drawing in nearly 65 million viewers across the United States for two exclusive matchups. These games not only showcased the
The recent legal action taken by the Consumer Financial Protection Bureau (CFPB) against Walmart and the work-scheduling platform Branch Messenger has spotlighted a concerning issue surrounding gig economy workers’ financial treatment. This lawsuit, which alleges exploitative practices against delivery drivers, raises significant questions about labor rights and corporate accountability in an ever-evolving workforce landscape. The
The potential imposition of 25% tariffs by President-elect Donald Trump on Canadian imports has sparked considerable alarm, particularly within the automotive sector. This industry, which forms the backbone of Canada’s economy, has seen a concerning recovery trajectory that could be jeopardized by these trade policies. Ontario, the heart of Canada’s auto manufacturing, produces a staggering
On a seemingly routine Tuesday morning, American Airlines experienced a temporary grounding of its U.S. flights due to a technical glitch linked to a network hardware issue. This disruption unfolded against the backdrop of what airlines anticipate to be an exceptionally busy holiday travel season. The ground stop, which lasted less than an hour, was
The end of the year brings with it a festive spirit, but for the media and entertainment industry, it also heralds a critical time for reflection and foresight. Executives from major companies often look ahead to predict the landscape of media in coming years. Here, we present a unique analysis of predictions for 2025 offered
As the holiday travel season gains momentum, a potential government shutdown looms ominously over the United States. Recent developments in Congress indicate deep divisions among lawmakers, leading to the rejection of a short-term funding bill backed by President-elect Donald Trump. If negotiations fail to yield a resolution by Saturday at 12:01 a.m. ET, the government
Party City, a well-known retailer specializing in party supplies, recently made headlines with its decision to close all its stores and initiate corporate layoffs effective immediately. This drastic move signals the end of what was once a giant in the industry, highlighting the severe financial challenges that have plagued the company for years. CEO Barry