A federal amendment expired, paving the way for Dallas Love Field to offer flights again and setting the stage for an airfare war.» Read More
LONDON, Oct 17- Jimmy Choo inched higher on its London stock market debut, watched closely by even the least fashion-conscious of bankers after a flurry of cancelled listings across Europe. "All eyes are on Jimmy Choo." Shares in the brand opened at 141 pence when conditional trading began on the London Stock Exchange on Friday, up 0.7 percent on the 140 pence offer...
*FTSE 100 has lost over 8 percent since Sept. 4. The decision to scrap the offering, which could have valued the firm at about 800 million pounds, casts a shadow over the prospects of the bigger and more widely known Virgin Money, another bank seeking to list this month. Aldermore and Virgin are among so-called challenger banks which the government hopes can break the...
NEW YORK— In a story Oct. 8 about Virgin America, The Associated Press reported erroneously that the company lost $9.4 million in the first six months of this year. Virgin America, a passenger favorite, might have to change its ways to please Wall Street. NEW YORK— Passengers cherish Virgin America for its mood lighting, live TV, fancy cocktails and friendly flight...
At middle age, Southwest is the fourth-largest U.S. airline by traffic, setting records for profits and enjoying a stock-price rally. On Monday, Southwest gets some help. Southwest will go head-to-head with Fort Worth, Texas- based American Airlines, which flies to most of those same 15 cities from DFW Airport.
LONDON, Oct 6- Britain's Virgin Atlantic Airways is to close its Little Red domestic airline next year, it said on Monday, less than two years after it was launched. Reconfirming that the group as a whole was on track to make a profit by the end of this year after two years of losses, Virgin Atlantic said the decision on Little Red followed a review of its network which...
LONDON, Oct 6- Britain's Virgin Atlantic said its domestic short-haul unit, Little Red, would cease operations in 2015, just over two years after it was launched. The airline, which is 51 percent owned by its British billionaire founder Richard Branson and 49 percent owned by U.S. carrier Delta Air Lines, said in a statement that Little Red had "not been able to make a...
*Demand from U.S. investors, Europe, UK. LONDON, Sept 26- Lloyds Banking Group has sold a further 11.5 percent stake in TSB in a 161 million pound share placing to investors that required no discount to the market price following strong demand. They see TSB as a viable challenger to Britain's "Big Four" banks- Lloyds, Royal Bank of Scotland, Barclays and HSBC.
Sept 15- Sidecar, a ride-sharing startup which competes with on-demand car services such as Uber and Lyft, said it raised $15 million from existing and new investors, including Virgin Group founder Richard Branson. Existing investors Avalon Ventures and Union Square Ventures also participated in the funding round, the company wrote in a blog post.
*Branson says ban would cost Russia more than airlines. KIEV, Sept 12- Russia would be the biggest loser if it carried out a threat to ban Western airlines from flying over its territory, Richard Branson, the founder of British airline Virgin Atlantic, said on Friday.
While calling for the decriminalization of drugs, Sir Richard Branson tells CNBC he does not see the Virgin Group getting into the business of legalized pot.
Sir Richard Branson, Virgin Group chairman & CEO, discusses his new book.
Sir Richard Branson, Virgin Group chairman & CEO, shares his thoughts on the management of Apple under Tim Cook's leadership.
Discussing decriminalizing drugs, with Sir Richard Branson, Virgin Group chairman & CEO. The way to deal with it is to treat drugs as a health problem, says Branson.
Sir Richard Branson, Virgin Group chairman & CEO, shares his thoughts on finding a peaceful solution to the Russia-Ukraine conflict.
LONDON, Sept 3- British airline Virgin Atlantic is to beef up its core transatlantic services and stop flying to Tokyo, Mumbai, Vancouver and Cape Town, to help it try to reach a level of profitability which has proved elusive for the past 15 years.
*U.S.- Russia ties soured by Ukraine crisis. MOSCOW, Russia, Aug 21- Russia said on Thursday it was investigating dozens of McDonald's restaurants, in what many businessmen said was retaliation for Western sanctions over Ukraine they fear could spread to other symbols of Western capitalism.
The privately held company obtained a license to operate in Mexico earlier this year, and will use the network owned by Spain's Telefonica, the sources, who requested anonymity as the plans were still not public, said.
Branson, whose investment in the airline is restricted by U.S. foreign investment rules, owns a 22 percent stake in Virgin America through the Virgin Group and a hedge fund.
Virgin America filed for an initial public offering of shares as it looks to expand in the recovering U.S. airline market.
July 28- Virgin America Inc, the low-cost airline partly owned by Richard Branson, filed for an initial public offering of shares as it looks to expand in the recovering U.S. airline market. Branson owns a 22 percent stake in Virgin America through the Virgin Group and a hedge fund.
CNBC.com asked people for family business horror stories that they had witnessed firsthand. Here are the firsthand accounts.
Airbnb has been used in San Francisco for years, but the city's board is expected to vote and approve a law Tuesday.
Batter up: Tucci and other upstart bat makers are challenging the Louisville Slugger in this year's World Series.