Category: New Business

In 2018, South American mega-airline LATAM announced it would spend $400 million updating the interiors of its fleet. To me the most exciting aspect of this was the introduction of a new business class product, given that the carrier’s offering has historically been pretty lackluster.

It has now been roughly four years since LATAM announced its cabin retrofit project, so I wanted to take an updated look at how the airline is doing with this, especially since a lot has changed since then — LATAM has gone through bankruptcy, LATAM has retired all of its Airbus A350s, etc.

LATAM’s new business class seats

LATAM’s new business class product consists of Vantage XL seats, similar to what you’ll find on RwandAir, Qantas, and SAS, among other airlines. These are fully flat staggered seats with direct aisle access and 18″ personal televisions, so it represents a huge improvement to the passenger experience.

Below is a video giving a tour of the cabin of these new jets.

When the project was first announced, LATAM did and amazing job with the pace at which it reconfigured planes. How’s that project looking at this point, given the

In the next couple of years, American Airlines is expected to debut two new kinds of business class seats. While there aren’t any new updates (at least not that I’ve heard), I thought it would be fun to take an updated look at what we should expect, and when we should expect it.

American’s new Boeing 787 business class (2023)

American Airlines plans to introduce a new Boeing 787 business class product as of 2023. American already has 48 Boeing 787s in its fleet, with a further 41 Boeing 787s on order. The airline is currently taking delivery of Boeing 787-8s, though starting in 2023, the airline should start taking delivery of its 30 remaining Boeing 787-9 orders.

We’re expecting American to debut a new business class product on these Boeing 787-9s. Some of these 787-9s are expected to be in an uber-premium configuration, featuring just 244 seats. This will include 51 business class seats, 32 premium economy seats, 18 Main Cabin Extra seats, and 143 economy class seats. As a point of comparison, American’s current Boeing 787-9s have 285 seats. Clearly these are intended for markets with lots of business class demand, like London.

What new business class seats

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Splunk

posted better-than-expected results for its fiscal second quarter ended July 31, while boosting its revenue outlook for the 2023 fiscal year ending in January.

But the stock was trading sharply lower in premarket trading Thursday on a slowdown in the company’s new business pipeline.

Where will President Joe Biden and congressional Democrats get the money to finance their large expansion of subsidies for green energy and extension of Obamacare subsidies for the upper middle class?

The simple answer is: “From hardworking taxpayers.”

Taxpayers across the income spectrum should expect they will ultimately pay for the left’s deceptively named Inflation Reduction Act.

But the new taxes would fall more heavily across specific industries and parts of the country. The largest tax in the bill, the new “book minimum tax,” accounts for $222 billion of the more than half a trillion dollars of expected new tax collections. The book minimum tax would hit manufacturing disproportionately.

According to recent government estimates by the Joint Committee on Taxation, manufacturing would bear 49.7% of the book minimum tax, despite accounting for only about 11% of the economy.

More specifically, the nonpartisan committee estimated that 16.1% of the tax would fall on chemical manufacturers and 6.9% on transportation equipment (mostly automobile) manufacturers.

Since the committee released those estimates, the Senate amendments to the legislation likely have reduced manufacturing’s share of the tax somewhat. However, even using a conservative estimate, manufacturing likely would still bear at least 2.5 times as much

From taking down Washington DC to slamming the next steps of DC Comics, John Oliver isn’t shying away from criticizing HBO parent company Warner Bros. Discovery.

During the August 7 episodes of “Last Week Tonight With John Oliver,” the host likened the rollout of the monkeypox vaccine to how WBD CEO David Zaslav shelved DC superhero film “Batgirl.”

“We let the vaccine sit unused on a shelf in our reserves, like an expired Chobani or a $90 million movie on HBO Max,” Oliver joked. “Hi there, new business daddy seems like you’re doing a really great job. I do get the vague sense that you’re burning down my network for the insurance money, but I’m sure that that will all pass.”

“Batgirl” was deep into post-production when it was scrapped from the HBO Max release schedule. Leslie Grace starred as the Gotham City hero, along with Michael Keaton, JK Simmons, and Brendan Fraser. Co-directors Adil El Arbi and Bilall Fallah helmed the feature. Sources have revealed since that the cancellation of both “Batgirl” and the animated “Scoob!:

“Business Roundtable opposes the ‘Inflation Reduction Act,’ which, among other things, includes tax provisions that would undermine American economic growth and competitiveness,” the group said in a statement shortly before the measure was passed by the Senate.

Strategists at Citi said their “general view is that higher taxes are an economic activity dampener.” Yet once they dug into which S&P 500 firms would be affected by the new tax rate, they concluded it would have a “neutral” effect on aggregate profits, and that an economic slowdown and the Federal Reserve are “more relevant” to the outlook.

Citi found that 358 companies in the index make enough money to be subject to the minimum tax, which is expected to

This story was originally published in the Fayetteville Observer.

FAYETTEVILLE, NC — From a young age, Chris Cruz had a bit of an entrepreneurial spirit.

He sold chocolate bars in elementary school. In middle school, he’d bring Capri Suns to sell to classmates for $1.

“I guess I kind of always wanted to be my own boss,” said Cruz, who medically separated from the Army at Fort Bragg last month.

The path to becoming his own boss continued with joining the Army — something he knew he wanted to be in since he was 5.

“I was born in Guam, before moving to Kentucky, and most people from Guam pretty much joined the military to get off the island,” he said. “But I joined for the service, too. Most of my family has been military.”

Cruz’s time in the Army led him to create his business, Anubis Design Groupin 2018.

The name Anubis comes from watching the movie “The Mummy” and is an Egyptian god that kept evil out of Egypt.

“It’s kind of mysterious, kind of similar to how some people in the military will come out of the shadows or darkness to stop bad people,” he said.

From new entrepreneurs starting their very first enterprise to well-established businesses with years of experience, access to funds is a common issue they both share. One way to overcome this issue is by applying for grants to access funds in order to solve specific issues.

The grants in the week’s roundup want to help everyone from new and student entrepreneurs to businesses owned by women of color, as well as established businesses facing different challenges. Take a look at these grants and see if you qualify to help you with funding issues you might be facing.

The first two grants from Incfile are The Fresh Start Business Grant and The Young Entrepreneur Scholarship Grant, both of which are providing $2,500. The funds are for those just getting started, seasoned entrepreneurs starting new ventures and student entrepreneurs. The other grants come from Caress Dreams Fund and communities across the country with grants that are part of the American Rescue Plan Act addressing everything from improvement projects to business operations-related challenges. Find out more about all the available grants.

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Small Business News Roundup – July 8, 2022

Stay informed with the rest of this week’s roundup addressing small business issues:

New Google

TAMPA, Fla. (WFLA) — Another property insurance company announced Thursday it will be pausing new business in Florida “until further notice” amid the state’s ongoing homeowners insurance crisis.

According to a news release obtained by 8 On Your Side Investigative Reporter Mahsa Saeidi, American Traditions Insurance Company will temporarily stop taking new business starting next week. The pause impacts homeowners insurance policies, condo unit owners policies and dwelling policies often used by landlords.

In the release, the company noted that the changes are being made “in order to manage our exposure and remain consistent with our growth projections.”

The changes made to business are effective immediately, according to American Traditions. However, the company said it would honor any eligible quotes that were previously saved through the end of business day Aug. 5.

American Traditions is just the latest of several companies that have either paused new business in Florida or gone bankrupt amid the property insurance crisis impacting thousands of homeowners across the state. Those companies, according to July data from the state-backed Citizens Property Insurance Corporation, are:

American Traditions Insurance Company: Limiting new business

American Traditions announced Thursday