Hawaiian Holdings, the parent company of Hawaiian Airlines, saw its stock plunge more than 10% Wednesday morning after an analyst downgrade and more competitor flights to the islands.   United Continental Holdings announced Tuesday it would add 11 new daily flights to the mainland and Honolulu, as well as smaller Hawaiian airports, like Kahului (Maui), Kona and Lihue.  The […]

Flagship Pioneering A $ 1.75 billion venture capital firm just hired the former vice chairman of investment banking at JPMorgan. Stephen Berenson had worked at JPMorgan for more than 30 years and now joins the firm as an executive partner. Flagship Pioneering, which until December 2016 was known as Flagship Ventures, is a Cambridge, Massachusetts-based […]

Thomson Reuters Sen. Elizabeth Warren (D-MA) speaks with the media following the Democratic policy luncheon on Capitol Hill in Washington Sen. Elizabeth Warren (D-MA) is calling for an investigation into TransDigm (TDG), an aerospace parts manufacturer that services the Department of Defense. The stock is down 3% on the news. In a letter obtained by CNBC, […]

REUTERS/Kevin Lamarque U.S. Supreme Court Justice Clarence Thomas, who delivered the opinion, arrives for inauguration ceremonies in 2013. WASHINGTON — The US Supreme Court on Monday cut the time it will take for copycat versions of biologic drugs — known as biosimilars — to get to the market in a pivotal ruling about an expensive class […]

Deloitte Gauthier Vincent, principal at Deloitte. Brands can be powerful. Everyone knows that one person who  drinks Starbucks’ coffee just so they can be seen holding a white cup with a green mermaid on it. On Wall Street, brands can carry similar weight. Many high-net-worth investors give their money to old legacy money managers just […]

Reuters Everyone on Wall Street seems to agree that blockchain is going to be a game-changer.   The technology is thought to have the potential to improve productivity across Wall Street in areas such as as banking, payments, and the capital markets. But the degree to which blockchain will revolutionize financial services is really anyone’s guess.  Blockchain became a ubiquitous Street […]

Plynk Plynk cofounders Charles Dowd, left, and Clive Foley. Dublin-based Money messaging app Plynk has raised €25 million (£21.7 million) from a Swiss investment trust, in what it claims is the biggest ever “Series A” investment for an Irish startup. Plynk says in a release that it is building an app which links to people’s […]