CNN Money's Maribel Aber has your top business and financial news on this Tuesday, March 4.
NEW YORK (CNN) -- CNN Money's Maribel Aber has your top business and financial news on this Tuesday, March 4.
The bankruptcy court-approved sale of Allens Inc.'s operations and assets to Sager Creek Acquisition Corp. was completed on Friday, and Chris Kiser was appointed CEO of what will remain an independent company headquartered in Siloam Springs. Kiser is an experienced food and consumer goods industry executive, according to a press release issued by Allens Inc. His experience includes time with Campbell Soup Co., Diageo and Pinnacle Foods, where he was chief customer officer. Most recently he was president of AdvancePierre Foods.
The number of flights canceled or delayed since Dec. 1 has now topped 1 million, according to flight tracker masFlight. That's up 25% from last winter. There were 100,000 cancellations in the same period, up 100% from the same three months a year ago. MasFlight estimates that 7.8 million passengers have had a flight canceled since the start of December. The cost to them: Roughly $5.3 billion, due to lost productivity as well as extra meals and hotel stays.
Siri is coming to your car. Apple (AAPL, Fortune 500) announced partnerships with a number of major automakers Monday on a new system that integrates the iPhone with in-car entertainment systems. Known as CarPlay, the setup includes a console touchscreen as well as buttons on the steering wheel that activate Siri, Apple's voice command system. CarPlay allows drivers to make calls, listen to voicemails, hear and dictate text messages, get directions via Apple Maps and access Spotify and other music services.
Bill Gates reclaimed the top spot on the Forbes rich list this year after a four-year hiatus, shoving aside Mexico's telecom tycoon Carlos Slim Helu. Microsoft's (MSFT, Fortune 500) founder Gates was propelled to the top spot primarily because of a rally in the software company's stock, said Forbes, which published its annual list of the world's richest billionaires on Monday. Gates is now valued at $76 billion, compared to $67 billion last year, when he was No. 2 on the list.