The Japanese carmaker announced on Thursday, that Honda Motor along with its yet-to-be-named partners are planning to invest $11 billion in Ontario, Canada, to...

Investors tend to react strongly to significant losses, reduced growth expectations, and the need for cutbacks in expansion and workforce. Southwest Airlines (LUV) experienced this firsthand during its April 25 earnings call, revealing a larger-than-anticipated loss of $231 million, equivalent to 39 cents per share, for the first quarter of 2024. This marked a decline from the previously projected 6% growth capacity to just 4%. Year-over-year, the airline faced a $159 million loss. Following this news, the company's stock tumbled nearly 10% upon announcement and remained down by 7.67% at $27 by Thursday afternoon. Southwest Airlines has yet to achieve a profitable quarter in 2024, as emphasized by Chief Executive Bob Jordan in a statement on the earnings. To...

The Malaysian Navy has reported that two navy helicopters collided mid-air during a parade rehearsal, resulting in the tragic loss of all 10 crew members on board. The incident took place at the Lumut naval base in the western state of Perak at 9:32 am on Tuesday (0132 GMT), as detailed in a statement released by the navy. According to the statement, "All victims were confirmed dead at the scene and sent to the Lumut Naval Base military hospital for identification." Helicopter Collision Caught on Camera A video circulating on local media captured the moment several helicopters were flying in formation when one of the aircraft's rotors clipped another before both crashed to the ground. Local police confirmed the...