WASHINGTON (Reuters) -The U.S. Federal Aviation Administration issued a ground stop advisory on Wednesday for Alaska Airlines, saying: All Alaska mainline and subcarrier flights ground stopped. In a separate statement, the FAA said the carrier asked the FAA to pause the airline's mainline departures nationwide. It did not provide a reason for the stoppage. CNBC reported that the airline's system...

Children’s apparel and accessories retailer Children’s Place Inc (NASDAQ:PLCE) shares are shooting higher after the company disclosed a new financing agreement. Children’s Place has entered into a financing agreement with its majority shareholder, Mithaq Capital SPC, for an unsecured and subordinated $90 million term loan. The loan is expected to be funded no later than April 19, 2024.  The term loan is expected to strengthen...

09:07 AM EDT, 04/17/2024 (MT Newswires) -- (Updates to add details throughout and recent stock move in the last paragraph.) The Federal Trade Commission is preparing to sue to block Tapestry's (TPR) potential $8.5 billion takeover of Capri Holdings ( CPRI ) , NYT DealBook reported Wednesday, citing two unidentified people with knowledge of the matter. The FTC is scheduled...

10:51 AM EDT, 04/17/2024 (MT Newswires) -- Sunoco ( SUN ) said Wednesday it has completed the acquisition of European liquid fuel terminals from Zenith Energy and the sale of 204 convenience stores to 7-Eleven. Sunoco ( SUN ) acquired the liquid fuels terminals in the Netherlands and Ireland from Zenith Energy, while the sale of stores in West Texas,...