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Melvin Backman

Melvin Backman

The New Yorker

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A lot of Reddit's growth is coming from users who aren't even logged in

Reddit is not a profitable company. For its first earnings report since its initial public offering March 21, the company reported a $575 million...

latest 5

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Melvin Backman

The 7 airlines customers like the most, according to J.D. Power

J.D. Power has released its annual ranking of airlines as determined by their scores on customer satisfaction surveys. J.D. Power’s annual North...

yesterday 6

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Melvin Backman

The 10 worst cities in America for driving

A lot of people enjoy driving their cars. But some people don’t. It might be because they don’t like their car. It might also be because they...

yesterday 6

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Melvin Backman

More than 30% of the world's electricity is now coming from renewable energy

The Earth is careening toward a dangerous level of global warming. At this rate, the planet will eventually lose its ability to provide us with the...

yesterday 7

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Melvin Backman

Spirit AeroSystems CEO says 'we'll roll up our sleeves' as company digs out of Boeing morass

The fuselage supplier behind the door plug blowout that plunged Boeing into months of chaos and slowdowns is, like Boeing, struggling to deal with the...

yesterday 5

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Melvin Backman

The next Swiss Army Knife won't have a knife

The Swiss Army Knife has become such a shorthand for multifunctionality that companies producing does-a-lot-of-stuff wares will often say that...

previous day 8

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Melvin Backman

'Get your act together,' Emirates chairman tells Boeing

The biggest customer for Boeing’s biggest plane is expressing its frustrations with the manufacturer as years-long delays run into production and...

previous day 10

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Melvin Backman

Theranos founder Elizabeth Holmes' prison sentence keeps getting shorter

When Elizabeth Holmes, founder of the now-disgraced blood testing company Theranos, received the sentence for her fraud conviction in 2022, she was...

previous day 9

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Melvin Backman

Spirit Airlines CEO says the airline industry is a 'rigged game'

Spirit Airlines CEO Ted Christie is definitely not bitter about how things went down with the JetBlue Airways merger that was halted by the Justice...

previous day 10

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Melvin Backman

'We've had a soft landing,' Apollo CEO says of the economy

The CEO of the hedge fund trying to buy Paramount thinks the United States economy has rounded a corner from its high-inflation days and is poised for...

previous day 10

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Melvin Backman

Drought is driving olive oil prices to staggering new heights

If you’ve been wandering the aisles of your local grocery store wondering why olive oil has gotten so much pricier than you remember, the answer is...

monday 10

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Melvin Backman

Spirit Airlines stock drops 8% because earnings had the worst news possible

Spirit Airlines needs good news to convince Wall Street that it can do well by itself in the wake of its abandoned merger with JetBlue Airways....

monday 10

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Melvin Backman

Boeing will launch the Starliner with NASA astronauts aboard today. Here's what to know

The Crew Flight Test for Boeing’s long-running CST-100 Starliner project is finally here. After a scheduled May 1 launch was pushed back a few weeks...

monday 20

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Melvin Backman

Another Boeing plane could run into delays — because of Russian sanctions

The 737 Max isn’t the only Boeing plane facing delays these days. The manufacturer’s 787 Dreamliner, a larger plane, is also running into...

03.05.2024 10

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Melvin Backman

Boeing's cash burn, CEO plane perks, and more airline news

Boeing is raising billions of dollars to make up for all the cash it’s been having to spend dealing with the fallout from its 737 Max problems....

03.05.2024 10

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Melvin Backman

Ryan Reynolds made $300 million from Mint Mobile. Here are 8 celebrities who made it big in business

Celebrities are just like us — except famous. But unlike many of us, they’re sometimes able to parlay their large platforms into successful...

03.05.2024 9

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Melvin Backman

Exxon just got the FTC on board with what could be the biggest deal of the year

ExxonMobil, the world’s largest non-state-owned oil company, had planned back in October to spend $60 billion to acquire Pioneer Natural Resources,...

02.05.2024 4

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Melvin Backman

Cocoa prices have fallen 30% in just a couple weeks

After starting the year on a tear that put the fear of God in Easter baskets everywhere, cocoa prices are backing sharply off record highs. Futures...

02.05.2024 5

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Melvin Backman

Boeing tells suppliers to 'keep your foot on the gas' as it falls behind on deliveries

Beleaguered manufacturer Boeing needs to put together airplanes and send them to airlines. But ever since one of those planes lost a piece of its...

02.05.2024 10

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Melvin Backman

A key Boeing supplier is teasing a solution to its production woes

One of Boeing’s big problems at the moment is that it can’t build planes as quickly as it and its customers would like. But a key supplier is...

01.05.2024 10

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Melvin Backman

Big Oil has been lying about its role in climate change for decades, a congressional report says

A new report from the House Oversight Committee’s Democrats and the Senate’s Committee on the Budget says that major American oil companies have...

01.05.2024 20

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Melvin Backman

Boeing's next threat could come from Brazilian plane maker Embraer

If Boeing doesn’t get its act together in the next decade or so, Airbus won’t be the only plane-making competitor it will have to worry about. The...

01.05.2024 10

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Melvin Backman

Warner Bros might lose its NBA broadcast rights, and investors are not happy

Warner Bros Discovery shares hit a 52-week low on Tuesday after a Wall Street Journal report suggested the media giant might lose out on a bid to...

30.04.2024 10

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Melvin Backman

Boeing's outgoing CEO has no place on the company's board, says a major proxy advisor

Boeing CEO Dave Calhoun has already announced plans to step down at the end of the year. As a part of that plan, he had intended to stick around for a...

30.04.2024 10

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Melvin Backman

CEO pay is rising twice as fast as everyone else’s

Wage growth in the c-suites of corporate America is slowing down, but it’s still much faster than that of the typical U.S. worker.Read more...

30.04.2024 20

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Melvin Backman

Biden is facing political pressure to make gas more expensive

Cheap gas is becoming politically expensive for President Joe Biden during a challenging election year. Pressure is building on Biden to ramp up...

30.04.2024 10

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Melvin Backman

Apple is poaching dozens of AI experts from Google and building a secret AI lab

Apple is spiriting away dozens of Google’s artificial intelligence experts to a secretive Swiss laboratory, according to a new report.Read more...

30.04.2024 20

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Melvin Backman

Boeing is borrowing $10 billion as it burns cash fixing its issues

Boeing successfully raised $10 billion from public credit markets Monday, Bloomberg reports. The cash comes at a critical time when the company is...

30.04.2024 10

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Melvin Backman

Big CEOs save big bucks on their private plane perks

It’s hardly a secret that many executives in corporate America make personal use of corporate jets. But a Wall Street Journal analysis shows that...

29.04.2024 5

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Melvin Backman

Some social security recipients are getting two checks in May

If you receive Supplemental Security Income, you’re getting two checks next month thanks a scheduling quirk.Read more...

29.04.2024 5

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Melvin Backman

Norfolk Southern's CEO should go, says influential proxy advisor

Norfolk Southern’s CEO Alan Shaw should go, says influential proxy advisor Glass Lewis, according to a Reuters report. Read more...

29.04.2024 20

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Melvin Backman

Google tells staff not to 'debate politics' after firing workers who protested Israel contract

Google CEO Sundar Pichai told employees not to “fight over disruptive issues or debate politics” at the office, a day after the company fired 28...

20.04.2024 4

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Melvin Backman

A JetBlue Airways plane almost ran into a Southwest Airlines plane

In another scary plane incident during a year that has been full of them, a JetBlue Airways plane and a Southwest Airlines plane nearly ran into one...

19.04.2024 5

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Melvin Backman

Oil markets are on edge after an Israeli airstrike on Iran

The Israeli military attacked Iran early Friday, and oil markets have gotten the jitters in response. Initial reports suggest that Iran is downplaying...

19.04.2024 4

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Melvin Backman

Boeing's whistleblower, American Airlines pilots' warning, and the best airports on Earth: Airlines news roundup

The American Airlines pilots’ union is really concerned about a pattern of “problematic” things it has noticed happening at airports, suggesting...

19.04.2024 30

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Melvin Backman

Boeing wants to have flying cars in Asia by 2030

In 2022, Boeing invested in $450 million with Wisk, a company working on a flying car. The next year, it fully absorbed Wisk. By 2030, it hopes to...

19.04.2024 10

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Melvin Backman

The 20 best airports in the world

These are the best airports in the world according to Skytrax, an “air transport rating organization.” By surveying travelers across more than 570...

18.04.2024 3

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Melvin Backman

Cocoa prices are now the highest they've ever been

Things are not so sweet in candy commodity markets. A report from the European Cocoa Association, the trade group representing chocolatiers on the...

18.04.2024 20

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Melvin Backman

Shell says doing more to rein in global warming is 'unrealistic'

Though oil companies do a lot more than other businesses to contribute to global warming, Shell thinks it’s doing just enough to fight global...

18.04.2024 40

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Melvin Backman

A Boeing critic says that there's a 'criminal coverup' at the company

As Boeing whistleblower Sam Salehpour testifies to the U.S. Senate about his experience struggling to be taken seriously about fuselage flaws in the...

17.04.2024 10

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Melvin Backman

LVMH says champagne sales are down because people aren't partying like they used to

French luxury giant LVMH reported earnings Tuesday. Sales in the first quarter were down slightly from the same time last year. Read more...

17.04.2024 10

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Melvin Backman

A Boeing whistleblower says 787 Dreamliner production should stop

Ahead of his testimony before the Senate Wednesday, Boeing engineer Sam Salehpour gave an interview to NBC News once again sounding the alarm about...

17.04.2024 10

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Melvin Backman

Republican governors say the UAW's unionization push will 'threaten our jobs and the values we live by'

Six Republican governors are pushing back against the United Auto Workers’ big unionization drive in southern car factories. The governors of...

17.04.2024 8

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Melvin Backman

Big Tech offices are getting smaller, and that spells trouble for office landlords

Alongside layoffs that have roiled tech companies in the last few months, the office market is also feeling the effects of a right-sizing in the wake...

16.04.2024 20

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Melvin Backman

Russia told OPEC it would export less oil. It's actually exporting more

OPEC and its economic allies in the OPEC bloc have been trying to cut global oil supplies in order to bid up prices lowered by record production from...

16.04.2024 10

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Melvin Backman

People aren't buying EVs because they have trouble charging them, report says

Maybe part of the reason that the formerly hot market for electric vehicles has suddenly cooled off, besides high prices, is that it can be difficult...

16.04.2024 10

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Melvin Backman

The 10 busiest airports in the world — including 1 airport new to the list

Every year the the Airports Council International, an industry group that represents airports around the world, releases a Top 10 list of the busiest...

16.04.2024 20

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Melvin Backman

American Airlines pilots are sounding the alarm about 'problematic trends' in air safety

Though United Airlines made headlines last month for its industry-leading number of Federal Aviation Administration-noted incidents, it seems like...

15.04.2024 3

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Melvin Backman

BP is scaling back its electric vehicle ambitions

Though many people still believe that electric vehicles remain a big part of the the future of transportation worldwide, people aren’t as excited...

15.04.2024 10

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Melvin Backman

Big Oil suddenly likes Joe Biden and his 'pragmatic approach'

As American oil floods the planet, the biggest domestic players producing it are happy that the Biden administration’s relationship with the...

15.04.2024 20

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Melvin Backman

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