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Dec 31 2024BUSINESS

New York Mourns Loss of Versatile Leader Richard Parsons

Last week, New York bid farewell to Richard Parsons, a man known as one of the city's "wise men. " At 76, Parsons, born and raised in Brooklyn, was a multifaceted figure who touched various aspects of society. From basketball star at the University of Hawaii to law degree holder from Albany Law Scho

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Dec 31 2024BUSINESS

Jimmy Choo's Mission: Empowering Young Fashion Designers

Jimmy Choo, the renowned shoe designer, has lived a fascinating journey from crafting shoes by hand in Malaysia to dressing celebrities worldwide. Now, he's passing on his expertise through the JCA London Fashion Academy, an online platform where students and graduates can sell their designs. Choo a

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Dec 31 2024BUSINESS

Airline Groups Ask Trump to Fix FAA Funding Issues

A group of 30 aviation organizations has sent a letter to President-Elect Donald Trump. They want him to change how the Federal Aviation Administration (FAA) gets its money. The FAA needs funds to upgrade and modernize its equipment and air traffic control systems. The groups are worried that past f

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Dec 30 2024BUSINESS

Shopping in 2024: A Year of Savvy Spenders and Budget Dining

In 2024, shoppers and diners in the U. S. were more careful with their money. High housing and food prices made people choosy about where they spent. Wealthy folks, for instance, started shopping at stores like Walmart and Aldi instead of pricier places. Eating out? People opted for fast food or coo

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Dec 30 2024BUSINESS

The Passing of Charles F. Dolan: A Cable TV Pioneer

Charles F. Dolan, the brain behind some of America's biggest media companies like HBO and Cablevision, has left us at the age of 98. His family confirmed that he passed away peacefully due to natural causes. Dolan's journey began in Cleveland, where he dropped out of John Carroll University. His big

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Dec 30 2024BUSINESS

A Close Call on LAX Runway: Delta Flight and Charter Jet

On December 27, plane spotters at LAX observed a worrisome moment. A Delta Air Lines flight, headed to Atlanta, nearly collided with a chartered jet carrying the Gonzaga University basketball team. The Delta flight, operating on an Airbus A321, departed five minutes late and arrived in Atlanta about

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Dec 30 2024BUSINESS

Big Lots' Big Shift: What's Next for Local Stores?

Big Lots, a well-known retail chain, is shaking things up after filing for bankruptcy last September. They're selling their stores and distribution centers to save jobs and keep their brand alive. The buyers? Gordon Brothers Retail Partners, who'll pass on Big Lots' assets to companies like Variety

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Dec 30 2024BUSINESS

Boeing Faces Major Setback After Plane Crash in South Korea

Boeing, a major US aviation company, has had a rough 2024. It started with a strike by 33, 000 machinists, which slowed down the production of popular planes like the 737 Max, 777, and 767. In January, a scary incident happened when a door plug fell off a 737 Max during a flight. This made safety ex

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Dec 30 2024BUSINESS

The Founding Father of Cable TV: Charles Dolan's Incredible Journey

Charles Dolan, a man who started with just 1, 500 cable TV customers in 1973, grew his business to over 3 million households by 2015. He sold Cablevision for $17. 7 billion to Altice, a European company, which now runs it under the Optimum brand. Dolan, the founder of HBO and pioneer of many cable

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Dec 30 2024BUSINESS

Teamwork Makes the Dream Work

You know how our body works? Each part has a job, and they all work together. Like, the hands grab food, the mouth eats it, and the belly digests it. If they don't work as a team, our body can't function well. The same goes for businesses. Working together is the secret sauce to their success. In t

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