(Reuters) -Spirit Airlines would start talks with JetBlue Airways Corp on its $3.6-billion offer, the budget carrier said late on Thursday as it could likely lead to a “superior proposal” to the one from Frontier Group Holdings. JetBlue made an unsolicited offer of $33 per share in cash earlier this week, beating a near $25…
(Reuters) -Spirit Airlines would start talks with JetBlue Airways Corp on its $3.6-billion offer, the budget carrier said on Friday as it could likely lead to a “superior proposal” to the one from Frontier Group Holdings. JetBlue made an unsolicited offer of $33 per share in cash earlier this week, beating a near $25 per…
By Sonali Paul MELBOURNE (Reuters) – Oil prices inched up on Friday but were set to fall around 3% for the week after consuming countries agreed to release 240 million barrels of oil from emergency stocks to help offset disrupted Russian supply. Brent crude futures rose 13 cents, or 0.1% to $100.71 a barrel at…
(Reuters) – Italian confectionary group Ferrero has voluntarily recalled some of its Kinder chocolates from the American shelves for a potential link with salmonella contamination. Kinder Happy Moments Chocolate Assortment and Kinder Mix Chocolate Treats basket are being recalled because they were manufactured in a facility where salmonella was detected, Ferrero North America said on…
By David Lawder WASHINGTON (Reuters) -The United States is ramping up sanctions against Russia to deprive Moscow’s “war machine” of money and components needed to sustain its invasion of Ukraine, but curbing a main source of funding, Russian energy exports, will take time, U.S. Deputy Treasury Secretary Wally Adeyemo told Reuters on Thursday. The United…
(Reuters) -Amazon.com accused the new union at a New York City warehouse of threatening workers unless they voted to organize, an assertion an attorney for the labor group called “really absurd.” A second labor group, the Retail, Wholesale and Department Store Union (RWDSU), which was losing a bid to organize an Amazon warehouse in Alabama,…
By Kantaro Komiya TOKYO (Reuters) – Japan’s current account balance swung back into the black in February from its second-biggest deficit on record in the previous month, providing some respite for policymakers amid a deterioration in economic fundamentals. Soaring fuel costs and a weak yen have expanded Japan’s trade deficit in recent months, more than…
(Reuters) -Amazon.com accused the new union at a New York City warehouse of threatening workers unless they voted to organize, an assertion an attorney for the labor group called “really absurd.” A second labor group, the Retail, Wholesale and Department Store Union (RWDSU), which lost a bid to organize at an Amazon warehouse in Alabama,…
By Caroline Valetkevitch NEW YORK (Reuters) – Stock indexes mostly rose on Thursday as investors snapped up beaten-down shares, while the U.S. dollar climbed to its highest in nearly two years and the U.S. Treasury 10-year yield touched a three-year high following hawkish signals from the Federal Reserve. Wall Street stocks reversed early declines to…
(Reuters) – Macro funds this year posted their highest first-quarter performance since 1993, as fund managers navigated well amid high volatile markets, a report by hedge fund data provider HFR showed on Thursday. Macro hedge funds, which bet on macroeconomics trends, rose 7.7% in the quarter, according to a macro fund index, helped by skyrocketing…
