RUSSIA LAUNCHES MASSIVE DRONE AND MISSILE BARRAGE ON UKRAINE, KILLING AT LEAST 18 CIVILIANS AND STRIKING KYIV AND MULTIPLE CITIES. (PHOTO).
Russia launches massive drone and missile barrage on Ukraine, killing at least 18 civilians and striking Kyiv and multiple cities Russia carried out a large-scale overnight assault on Ukraine, launching hundreds of drones and dozens of missiles that killed at least 18 civilians and wounded more than 100 others across multiple cities, officials said Tuesday. The strikes hit Kyiv, Dnipro and other regions, with emergency crews working through destroyed residential buildings where some victims were trapped under rubble. In Dnipro, rescuers recovered the bodies of a 3-year-old child and a mother and her 8-year-old son, while officials reported 12 deaths in the city and six in Kyiv. The bombardment stretched from night into daylight, with explosions reported across wide areas of the country. Kyiv residents had been on alert for days after warnings of a major aerial attack, including advisories for foreign diplomats to leave the capital. Despite those warnings, most remained in pl...
Alaska Air Group Inc {ALK.N} said today monday that it would buy Virgin America Inc {VA.O} for $2.6 billion to become tthe top carrier on the U.S West Coast and compete more effectively with larger airlines.The deal appears to end what Alaska Air Chief Executive Officer Brad Tilden called a hard fought competition to purchase Virgin America.JetBlue Airways Corp {JBLU.O} had also made an offer for the offshoot of billionaire Richard Branson's London based Virgin Group,which had become famous for its mood lighting and media rich entertainment on flights.According to Deutsche Bank analyst Michael Linenberg wrote in a recent research note that,The deal would create the fifth largest U.S airline after a decade of mergers that have shrunk the industry to a handful of companies.The top four control more than 80 percent of the U.S travel market.Virgin America accounts for about 1.5 percent of U.S domestic flight capacity,while Alaska Air and its Horizon Air subsidiary account for 5 percent.Shares of Alaska Air were down 4.6 percent at $78.22 in morning trading,while Virgin America jumped 40 percent to $54.47.That was still below the $57 percent share bid,which represents a premium of about 86 percent from Virgin America's stock price before reports in March that the airline was considering a sale.More photos below.
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