Articles by Rachel Bronstein

Wynn Resorts’ New CEO Signals Changes in First Earnings Call

Wynn Resorts’ New CEO Signals Changes in First Earnings Call

Christopher Palmeri, Bloomberg

It's no longer the House of Wynn. In his first earnings call since founder Steve Wynn left the company amid a sexual harassment scandal, new CEO Matt Maddox said he's pulling back on some grand plans. Could he be readying the gaming and resort giant for a sale?

2 days ago

Embattled United CEO Munoz Forgoes Bonus as Chairman Steps Aside

Embattled United CEO Munoz Forgoes Bonus as Chairman Steps Aside

Justin Bachman, Bloomberg

Last year was one Oscar Munoz would like to soon forget, and the United Continental Holdings CEO is doing his best to wipe the slate clean. By requesting that he not be granted a bonus for 2017, Munoz hopes to create a culture of accountability. But after the passenger dragging incident and a dog's death in an overhead bin, Munoz will need to make that culture more than a one-off for publicity.

3 days ago

Uber Boosts Its D.C. Lobbying Spend Under CEO Dara Khosrowshahi

Uber Boosts Its D.C. Lobbying Spend Under CEO Dara Khosrowshahi

Naomi Nix, Bloomberg

CEO Dara Khosrowshahi inherited a slew of problems when he joined Uber as CEO last year. So it's no surprise the money it spends for lobbying in Washington is on the rise. But half a million dollars a quarter is still paltry compared to what other technology giants shell out. Lots of work remains to repair Uber's tarnished image, and that means more dollars will need to be spent in the nation's capital.

4 days ago

FAA Calls For Emergency Inspections of Engines After Southwest Fatality

FAA Calls For Emergency Inspections of Engines After Southwest Fatality

Julie Johnsson and Alan Levin , Bloomberg

It had been nine years since a fatality occurred onboard a U.S. airline. Regulators are scrambling to ensure a similar tragedy doesn't occur again by ordering emergency inspections of the engine type on the Southwest jet that did an emergency landing in Philadelphia. Smart move.

6 days ago

Investment Fund Mulls Selling Stake in London’s Gatwick Airport

Investment Fund Mulls Selling Stake in London’s Gatwick Airport

Scott Deveau, Aaron Kirchfeld, and Dinesh Nair, Bloomberg

Competition in the London airport market is heating up, and that may be enough of an exit strategy for a major investment fund that holds nearly half of Gatwick Airport. That GIP is contemplating putting its 42 percent stake up for sale may complicate Gatwick's request with the British government to add another runway.

2 weeks ago

Uber Looks to End Pay and Harassment Issues With $10 Million Settlement

Uber Looks to End Pay and Harassment Issues With $10 Million Settlement

Peter Blumberg, Bloomberg

Uber could get out from under a bunch of legal issues related to women charging everything from unequal pay to harassment if a judge okays a proposed settlement on Tuesday. If Uber can put these problems behind it, all eyes will be on whether it has learned its lesson going forward.

2 weeks ago

Fuel Hedging Was a Bad Bet for U.S. Airlines in the First Quarter

Fuel Hedging Was a Bad Bet for U.S. Airlines in the First Quarter

Robert Tuttle, Bloomberg

Alaska and Southwest did what many considered to be the prudent thing and hedged a lot of their fuel purchases, but they are now paying higher prices than airlines that didn't hedge. That's how hedging goes, but it's often better to be safe than sorry.

2 months ago

Universal Orlando Just Bought More Land in Its Quest to Rival Disney

Universal Orlando Just Bought More Land in Its Quest to Rival Disney

Associated Press

Universal Parks & Resorts has big ambitions, and now the Comcast-owned operator has even more land to fulfill those goals. The question remains: What will the company do with all this property?

6 months ago

Airbnb Tries a Different Tactic in Mexico: Giving Regulators What They Want

Airbnb Tries a Different Tactic in Mexico: Giving Regulators What They Want

Andrea Navarro and Olivia Zaleski, Bloomberg

Learning from your previous missteps is always a good thing. But is it enough to simply collect and remit taxes? What happens when regulators press for more restrictions?

9 months ago

Trump Slump Fears Are Not Coming True as International Tourism Grows

Trump Slump Fears Are Not Coming True as International Tourism Grows

Beth J. Harpaz, Associated Press

It's worth remembering that — aside from some initial chaos at airports — the travel ban was put on hold by courts for the first part of the year. And the travel industry has put extra effort into sending a welcoming message to the world, even if the government has not.

10 months ago

North Dakota Hopes that Lawrence Welk Tourism Will Become a Thing

North Dakota Hopes that Lawrence Welk Tourism Will Become a Thing

James MacPherson, Associated Press

We always encourage a destination to focus on its unique strengths when marketing. While this is unique, we're not certain Welk is the strength the state needs.

11 months ago

Montenegro Tries to Woo Western Europe Without Offending Russian Visitors

Montenegro Tries to Woo Western Europe Without Offending Russian Visitors

Misha Savic, Bloomberg

This tiny Balkan state has a tricky needle to thread in preventing a diplomatic tussle between Russia and the U.S. from harming its popularity with Russian travelers.

12 months ago