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American-JetBlue alliance not justified, US argues

Bloomberg The partnership between American Airlines Group Inc. and JetBlue Airways Corp. has “absolutely no justification,” US Justice Department lawyers told a federal judge in closing arguments for the agency’s antitrust suit against the airlines. The government is seeking to dissolve the Northeast Alliance, a partnership formed between American and JetBlue in 2020 to share routes, bookings and passengers in ...

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Jeff Bezos’s Blue Origin expects launch in 2023

  Bloomberg Blue Origin, the space launch vehicle startup founded by Amazon.com chair Jeff Bezos, expects next month to complete a review of a recent accident but won’t send another rocket aloft until sometime in 2023. The company’s vice president of its New Shepard rocket’s mission and fight operations, Audrey Powers, told attendees at a conference in Washington, DC, that ...

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JD reports higher quarterly sales

  Bloomberg JD.com Inc. reported higher sales last quarter after shoppers kept spending at China’s second-largest online retailer despite an economic downturn. Sales rose 11% from a year earlier to $34.2 billion in the quarter ending in September, the company said in a statement. That compared to the average forecast of 243.1 billion yuan from analysts surveyed by Bloomberg. The ...

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