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Richard Branson

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  • New Mexico Senate panel passes on spaceport sale bill Thursday, 19 Feb 2015 | 5:01 AM ET

    SANTA FE, N.M.— New Mexico lawmakers on Thursday debated the merits of Spaceport America and whether its futuristic hangar, its nearly 2- mile-long runway and the 18,000 acres that surround it will offer a return on taxpayers' nearly quarter-billion-dollar investment. George Munoz, D- Gallup, said lawmakers have a responsibility to ask the question, and that's...

  • DALLAS— Shares of Virgin America Inc. rose Wednesday after the airline easily beat Wall Street expectations for fourth-quarter profit thanks to cheaper jet fuel and more crowded planes. In afternoon trading, the shares were up 84 cents, or 2.5 percent, to $35.06 after peaking at $37.82 earlier in the day. In the fourth quarter, IPO costs pushed net income down to...

  • WASHINGTON, Feb 5- A group of high-profile CEOs on Thursday called on world leaders to agree to bring the balance of greenhouse gas emissions to zero by mid-century in a global climate change deal to be finalized in Paris in December. The leaders of B Team, a coalition about 12 CEOs and policymakers including Virgin founder Richard Branson, Unilever chief Paul...

  • CEOs call for zero emissions goal in Paris climate deal Thursday, 5 Feb 2015 | 12:00 AM ET

    WASHINGTON, Feb 5- A group of high-profile CEOs on Thursday called on world leaders to agree to bring the balance of greenhouse gas emissions to zero by mid-century in a global climate change deal to be finalized in Paris in December. The leaders of Team B, a coalition about 12 CEOs and policymakers including Virgin founder Richard Branson, Unilever chief Paul...

  • CAPE CANAVERAL, Fla., Jan 15- Richard Branson's Virgin Group and Qualcomm Inc will invest in a venture to build and fly a constellation of 648 satellites that can provide high-speed, global Internet access, company officials said on Thursday. Some of the spacecraft will be launched by Virgin's spaceflight company, Virgin Galactic, which is developing a...

  • Biogen exec says he would trade places with Musk  Thursday, 15 Jan 2015 | 8:15 AM ET

    Healthcare industry executives name the CEOs they'd be most willing to trade places with.

  • SAN FRANCISCO, Dec 10- Doctor On Demand is the latest Silicon Valley startup to bet that people will turn to mobile devices for confidential counseling. The Doctor On Demand app is available on mobile devices with both Google Inc's Android and Apple Inc's iOS platforms. It has raised $24 million from such venture firms as Andreessen Horowitz and Google Ventures,...

  • UPDATE 2-Virgin America soars in market debut Friday, 14 Nov 2014 | 11:26 AM ET

    Nov 14- Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, soared almost 30 percent in their market debut, underscoring the buoyant mood in an industry that is emerging from a long spell of turbulence. At the high, the stock was trading 8.08 times 2013 earnings per share, compared with Southwest Airlines Co's multiple of 37.43 and...

  • UPDATE 1-Virgin America soars in debut Friday, 14 Nov 2014 | 10:33 AM ET

    Nov 14- Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, soared as much as 28 percent in their market debut, underscoring the buoyant mood in an industry that is emerging from a long spell of turbulence. Virgin America's shares rose to a high of $29.48 on Friday, valuing the company at about $1.3 billion. Virgin America is the U.S....

  • Virgin America's Nasdaq debut  Friday, 14 Nov 2014 | 10:31 AM ET

    CNBC's Simon Hobbs speaks to David Cush, Virgin America president & CEO, about their Nasdaq debut and if the crash of Virgin Galactic spacecraft disrupted their IPO roadshow.

  • Virgin America shares jump 24.3 pct in debut Friday, 14 Nov 2014 | 10:08 AM ET

    Nov 14- Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, rose as much as 24.3 percent in their trading debut, valuing the company at about $1.24 billion. Virgin America's initial public offering of 13.3 million shares raised about $307 million, with the company retaining a major portion of the proceeds. The offering was priced at...

  • Michael Boyd, The Boyd Group chairman, discusses Virgin America's IPO and its plan to generate ridership based on high quality and low costs. And CNBC's Phil LeBeau shares his thoughts on competition among airlines.

  • Nov 13- Virgin America Inc's initial public offering was priced at $23 per share, according to an underwriter, valuing the low-cost airline, partly owned by Richard Branson, at $993.6 million. Virgin America is the U.S. offshoot of Branson's London- based Virgin Group, which has a sizeable presence in a number of business across UK including airlines, railways,...

  • Virgin America prices IPO at $23/shr-underwriter Thursday, 13 Nov 2014 | 6:15 PM ET

    Nov 13- Virgin America Inc's initial public offering was priced at $23 per share, according to an underwriter, valuing the low-cost airline, partly owned by Richard Branson, at $993.6 million. The IPO raised about $307 million after it was priced slightly below the expected range of $21- $24 per share. Barclays, BofA Merrill Lynch, Goldman Sachs and Deutsche Bank...

  • How to spend a $1 million bonus Wednesday, 12 Nov 2014 | 1:37 PM ET

    It's bonus season! Turney Duff breaks down the anatomy of a $1 million bonus — and how to spend it.

  • NEW YORK, Nov 7- A UK insurer that recently began offering life coverage for would-be space tourists said it has seen no increase in interest in the policy following the fatal crash of a Virgin Galactic test space ship last month. The policy, sold by Pembroke Managing Agency, pays up to $5 million per traveler or $20 million per suborbital space flight, parent...

  • Mark Sirangelo, who leads the space division of privately held Sierra Nevada Corp, told industry executives Thursday that he expected the industry to learn from the accidents and urged a measured response by lawmakers. The U.S. Air Force is also working to certify privately held Space Exploration Technologies, or SpaceX, to launch big military and spy...

  • ABU DHABI, Nov 6- The Abu Dhabi fund which owns a major stake in Virgin Galactic will wait for results of the probe into last week's fatal crash before deciding on its commitment to the project, a source with knowledge of the matter told Reuters on Thursday. The backing of deep-pocketed Aabar Investments, run by the Abu Dhabi government, may be crucial to Virgin...

  • NEW YORK, Nov 5- While private pilots and skydivers have to take out extra life insurance to cover the added risk of their pursuits, space tourists do not need special policies on their high flying rides. That loophole is likely to disappear, slowly, after the fatal crash last week of a test flight of a Virgin Galactic space ship designed to take tourists into space.

  • MOJAVE, Calif., Nov 3- A human-factors expert will join the investigation of the fatal crash of Virgin Galactic's passenger spacecraft to study why the co-pilot prematurely unlocked a pivoting tail section of the ship during a test flight, the National Transportation Safety Board chairman said on Monday. Video footage from the cockpit shows co-pilot Michael...

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