Spirit Airlines' stock slides premarket after posting wider-than-expected loss

Airline is now focused on its future as a standalone business after its planned merger with JetBlue was called off in March. 


 
Chipotle Wants Its Stock to Be More Affordable-for Employees

The burrito chain is planning a 50-for-1 stock-split to make its shares more accessible to workers-and hopefully retain more of them, CFO Jack Hartung says. 


 
Freshpet's stock jumps toward a multiyear high after quarterly profit

Freshpet's stock ran up in premarket trading Monday, heading toward a high not seen since 2021, after the dog- and cat-food company reported a surprise first-quarter profit, citing to higher sales, improved gross margin and lower logistics costs. 


 
Qualcomm's Smartphone Future Looks Brighter With AI

AI-enabled smartphones and PCs should help the maker of wireless chips, which remains among the cheapest in semiconductor stocks. 


 
Howard Schultz Is Giving His Successor at Starbucks Advice on LinkedIn

The former CEO calls for a "focus on customer experience" in a post after the company's earnings miss. 


 
EQT to Buy U.S. Digital Consultancy Perficient for $3 Billion

Swedish private-equity firm EQT said it will pay $76 a share, a 58% premium to Perficient's closing price on Friday. 


 
Steward Health, Nation's Largest Physician-Owned Hospital Operator, Files for Bankruptcy

The health network is finalizing a loan from hospital landlord Medical Properties Trust to stay afloat in chapter 11. 


 
Qantas to Pay Civil Penalty for Selling Tickets on Canceled Flights

Australia's major airline will pay a civil penalty of $66.1 million to resolve court proceedings with a regulator which alleged the airline had advertised tickets for more than 8,000 flights it had already canceled. 


 
Singtel Taps Head of Australia's Broadband Operator for Optus

Singapore Telecommunications has appointed Stephen Rue to lead its Australian telecom operations as part of efforts to rebuild the unit's reputation, which suffered because of a network outage that affected millions of its customers. 


 
Westpac's First-Half Profit Falls, Lifts Buyback

The Australian bank said its first-half net profit fell by 16%, but it would return more capital to shareholders through an increased dividend and bigger share buyback.


(END) Dow Jones Newswires

05-06-24 0915ET