Virgin America Posts Yearly Loss; Eyes Possible IPO
Virgin America said it's close to turning around its financial losses and could be ready for an initial public offering as early as next year.
Richard Branson
Delta Air Lines Buys 49 Percent Stake in Virgin Atlantic
Delta Air Lines said it will buy almost half of Virgin Atlantic for $360 million as it seeks a bigger share of the lucrative New York-to-London travel market. Landing rights at London's Heathrow Airport are limited, and the deal is a way for Delta to expand its foothold there.
Rich and Beautiful: World's Sexiest Billionaire Offspring
These dashing youths are not only attractive, but as the children of the world's wealthiest people, they are also devastatingly rich. Having billionaire parents has its perks, from $60 million weddings to private yachts.
Gevo: Richard Branson's New Age Chemical Company Goes Public
Gevo, part of Richard Branson's Virgin Group companies, went public this week on Nasdaq. The firm sold 7.15 million shares at $15 each, which was at the high end of its estimated range of $13 to $15. On its first day of trading, the stock shot up about 16%.
Kevin Smith's Latest Airline Complaint Stings Virgin America
First, the film director was removed from a Southwest Airlines flight for being too portly. Now, a Virgin America gate attendent refused to allow Smith and his companions to board a jet, even though there were still minutes before its jetway was closed.
Mukesh Ambani: The Next Richest Man in the World?
India's Mukesh Ambani may not be a household name like billionaires Bill Gates or Warren Buffett, but here's a look at why it could be just a matter of time before the Indian mogul climbs to the top of the world's richest list.
