MILAN (Reuters) – Germany’s Lufthansa is set to buy a 40% stake in Alitalia’s successor ITA Airways and a deal could be unveiled next week, Italian daily Il Foglio reported on Saturday. ITA Airways started flying on Oct. 15 with nearly 2,300 employees and a fleet less than half the size of that operated by…
By David Shepardson WASHINGTON (Reuters) -The U.S. government said on Friday it would suspend 44 China-bound flights from the United States by four Chinese carriers in response to the Chinese government’s decision to suspend some U.S. carrier flights over COVID-19 concerns. The suspensions will begin on Jan. 30 with Xiamen Airlines’ scheduled Los Angeles-to-Xiamen flight…
HOUSTON (Reuters) – The United Steelworkers union (USW) on Friday said proposals by energy giant BP Plc would undermine its 56-year-old national program for refinery and chemical plant worker contracts. People in the USW familiar with the matter said BP has put forward proposals in local negotiations at its U.S. refineries to require waiting periods…
(Reuters) – Mexico faces risks to economic growth and potential for a credit rating downgrade in the medium term from political developments including the likely passage of a controversial energy bill, JP Morgan said in a report. According to the bank, President Andrés Manuel López Obrador’s plan to tighten state control of the electricity market…
By Lewis Krauskopf, Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) – Wall Street’s main indexes ended sharply lower on Friday as Netflix shares plunged after a weak earnings report, capping a brutal week for stocks that saw the S&P 500 and Nasdaq log their biggest weekly percentage drops since the onset of the pandemic in…
(Reuters) – Citigroup said on Friday it has asked vaccinated staff in the New York Tri-State area to prepare for a return to office from Feb. 7, according to a person familiar with the matter. (Reporting by Mehnaz Yasmin in Bengaluru; Editing by Vinay Dwivedi)
By Daniel Wiessner (Reuters) – Amazon.com Inc may soon face claims from a U.S. labor board that it unlawfully fired a vocal union supporter at a New York warehouse in the midst of an organizing campaign. A National Labor Relations Board (NLRB) official in Brooklyn recently found that claims involving the worker, Daequan Smith, had…
Candy maker Mars is giving a makeover to its six M&M’s characters as a way to promote inclusivity. The company said that it will provide a modern take on the appearances of the characters — which Mars calls “lentils” — and give them more nuanced personalities. The lentils, which are featured in red, green, orange,…
By David Shepardson and Jane Lanhee Lee WASHINGTON/SAN FRANCISCO (Reuters) -Intel Corp said on Friday it would invest up to $100 billion to build potentially the world’s largest chip-making complex in Ohio, looking to boost capacity as a global shortage of semiconductors affects everything from smartphones to cars. The move is part of Chief Executive…
By Herbert Lash and Tommy Wilkes NEW YORK/LONDON (Reuters) -Risk aversion dominated markets on Friday as stocks slumped on Wall Street and in Europe, oil prices fell from seven-year highs earlier in the week and bond prices surged with traders scurrying for the relative safety of government debt. Poor subscriber growth reported late Thursday at…
