Kuala Lumpur (AFP) - Malaysia Airlines will slash thousands of staff, trim routes, replace its CEO and could see future stake sales to outside investors under plans announced Friday to save it from bankruptcy after two devastating disasters.
Common sense won out twice in Wisconsin in the past two weeks. On September 11, Wisconsin Act 10 upheld in another federal court challenge.
A federal judge on Wednesday dismissed one of the lawsuits challenging Act 10, Gov. Scott Walker’s budget repair bill in 2011 that eliminated most collective bargaining powers held by Wisconsin public unions.
Airline stocks have often found it hard to win over investors in recent times. Years of losses, disappointing guidance from management, high jet fuel costs and a particularly bad patch during the 2009 recession gave investors little reason to climb aboard.