JFK Airport Struggles in the Wake of Winter Storm Grayson
Julian Kheel, Senior Writer at "The Points Guy," discusses the severe delays caused by "bomb cyclone" Grayson. Because of the JFK's infrastructure, it struggled to keep up with its flight schedule.
Kheel notes that one of the biggest issues at the international airport was the fact that all 6 of its terminals operate independently. When flights are backed up, planes can only go to their designated gate. He digs into the dysfunction of the New York Port Authority and how it could have prevented the mass delays caused after the storm.
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Macy’s is rejecting a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan. The firms offered $21 per share for the stock they don’t already own.
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Ford says it’s reducing production of the F-150 Lightning electric pickup vehicle as it adjusts to weaker-than-expected electric vehicle sales growth. The automaker said about 1,400 workers will be impacted by the move.
