OMAHA, Neb. (AP) — Lee Enterprises’ effort to repel a hostile takeover got a boost this week when a judge ruled the newspaper publisher could ignore two board nominations from the hedge fund Alden Global Capital. But Alden said it will press the fight by urging shareholders to vote against Lee Chairman Mary Junck and…
By David Shepardson WASHINGTON (Reuters) – The Federal Communications Commission (FCC) and National Telecommunications and Information Administration (NTIA) on Tuesday vowed to improve coordination on spectrum management after a 5G aviation dispute threatened flights. The agencies said they will work cooperatively to resolve spectrum policy issues and will hold formal, regular meetings to conduct joint…
By Herbert Lash and Elizabeth Howcroft NEW YORK/LONDON (Reuters) -Stocks in Europe and on Wall Street rebounded on Tuesday while oil prices fell after Russia indicated it was withdrawing some troops from exercises near Ukraine and President Vladimir Putin said he saw room for further discussion with the West. Gold and bond prices also slid…
MADRID (AP) — A Spanish fishing boat sank early Tuesday in rough seas off Newfoundland in eastern Canada, killing at least four people, Spain’s maritime rescue service said. Three crew members were saved and a maritime search was launched for the 17 other crew members still missing. The 50-meter (164-feet) long fishing boat named Villa…
By Alun John (Reuters) – Bristling tensions and looming laws in Europe could offer clues to two questions: Can bitcoin be a safe-haven asset? And can Russia emerge as a crypto superpower? The answer to the first, for now at least, is no; while fortress gold has risen 2.3% over the past week, as Western…
Investors continue to deal with headline disruptions. Geopolitical tensions weigh on sentiment. Perhaps the bigger concern lies around monetary policy uncertainty. Rate-sensitive markets gyrate in reaction to comments from central bank officials. This was evident last Friday when St. Louis Fed President James Bullard’s hawkish comments led markets lower. But did Bullard provide any new…
WASHINGTON (Reuters) – General Motors Co said Tuesday it is extending a production halt to its Chevrolet Bolt electric vehicle until early April but plans to soon resume retail sales. The largest U.S. automaker in August widened its recall of the Bolt to more than 140,000 vehicles to replace battery modules after a series of…
MILAN (Reuters) -Italy’s Autogrill expects to post a smaller loss and higher cash flow than previously forecast for 2021, it said on Tuesday, sending shares up more than 7%. The group, which runs restaurants and bars on motorways and in airports around the world, now sees an underlying net loss of 110 million euros ($124.9…
By Olga Yagova and Dmitry Zhdannikov MOSCOW/LONDON (Reuters) -Glencore has sold out of Russneft, capping two decades of investments which saw the Swiss commodities firm trading millions of barrels of the Russian group’s oil even as it witnessed some of Russia’s top corporate and political battles. The sale, which has been years in the works…
WASHINGTON (AP) — Wholesale inflation in the United States surged again last month, rising 9.7% from a year earlier in a sign that price pressures remain high at all levels of the economy. The Labor Department said Tuesday that its producer price index — which measures inflation before it reaches consumers — jumped 1% from…
