#Federal judge blocks .8B merger of Spirit, JetBlue

#Federal judge blocks $3.8B merger of Spirit, JetBlue

A federal judge on Tuesday blocked JetBlue Airways’ proposed $3.8 billion purchase of Spirit Airlines, arguing it would reduce competition and hurt consumers. In a court filing Tuesday, U.S. District Judge William Young said the acquisition, which would have made JetBlue the fifth-largest airline, would “substantially lessen competition” in violation of the Clayton Act, which…

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#Radio and podcast company Audacy files for bankruptcy

#Radio and podcast company Audacy files for bankruptcy

Radio and podcast company Audacy revealed that it filed for chapter 11 bankruptcy Sunday, citing “macroeconomic challenges” as the reason for its restructuring. Audacy is the home to hundreds of broadcast, sports and podcast shows and is one of the largest radio broadcasters in the country. In an announcement Sunday, Audacy’s President and CEO David Field revealed…

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#Iran’s day of reckoning is nearing

#Iran’s day of reckoning is nearing

Iran has been playing a dangerous game of kinetic brinkmanship with the United States since the fall of the Pahlavi dynasty in 1979. Beginning with the Iran hostage crisis, wherein 52 American diplomats were held for 444 days in Tehran, it has evolved into the funding of Hamas, Hezbollah and other militia and terrorist groups sponsored by…

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