By Bansari Mayur Kamdar and Praveen Paramasivam (Reuters) – The Nasdaq fell more than 1% on Monday, leading Wall Street’s main indexes lower, as rising bond yields weighed on megacap stocks such as Microsoft and Apple with investors on edge ahead of Tuesday’s inflation data. Shares of Microsoft Corp, Apple Inc and Nvidia Corp fell…
LONDON (AP) — Britain’s Treasury chief, once seen as a potential candidate for prime minister, is fighting to save his reputation by requesting an investigation of his own conduct after a series of news reports on his family’s finances raised questions about his judgment. Rishi Sunak, a 41-year-old former hedge fund manager, asked Prime Minister…
UNIVERSITY CITY, Mo. (AP) — When the coronavirus pandemic first hit the U.S., sales of window coverings at Halcyon Shades quickly went dark. So the suburban St. Louis business did what hundreds of other small manufacturers did: It pivoted to make protective supplies, with help from an $870,000 government grant. But things haven’t worked out…
ZURICH (Reuters) – German logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Germany’s flag carrier Lufthansa to 10%, Kuehne Holding AG said in a statement on Monday. Kuehne, 84, had earlier boosted his stake in Lufthansa to 5% about a month ago, becoming the airline’s second-biggest shareholder behind the German government, according to Refinitiv…
DALLAS (AP) — Barry Biffle is juggling his day job as CEO of Frontier Airlines while also working to save a proposed merger with Spirit Airlines that would create the nation’s fifth-biggest carrier by some measures. This figures to be a bounce-back year for airlines like Frontier that cater to leisure travelers. After two years…
(Reuters) -Shares of Warner Bros Discovery Inc rose on Monday, the first trading day of the media and streaming firm formed from the $43-billion merger https://www.reuters.com/article/at-t-warnermedia-discovery-idCAKBN2K633V of Discovery Inc and assets of AT&T Inc. Warner Bros Discovery shares were up 0.8% at $24.62, while AT&T stock climbed 2% to $18.62 before the bell. AT&T and…
(Reuters) – Luckin Coffee Inc, said on Monday it had emerged from bankruptcy proceedings, two years after an accounting fraud derailed the coffee chain’s business. Founded in 2017, Xiamen-based Luckin had positioned itself as a homegrown challenger to U.S. coffee giant Starbucks Corp, but the much-hyped company almost collapsed in 2020 after findings that about…
(Corrects headline to say BOC Aviation to buy 80 Airbus aircraft, not seeks) (Reuters) -BOC Aviation said on Monday it plans to buy 80 Airbus A320neo family jets in what is the aircraft-leasing firm’s largest order. The order consists of 10 A321XLR aircraft, 50 A321neo aircraft and 20 A320neo aircraft, and the delivery of the…
(Reuters) -Private equity firm Thoma Bravo will acquire SailPoint Technologies for $6.12 billion, in a deal that underscores a heightened demand for security software as businesses continue to digitize their operations. A pandemic-led shift to remote working, as well as the Russia-Ukraine conflict, has fueled a spike in cyberattacks and bolstered demand for security software…
(Reuters) – Canadian e-commerce giant Shopify Inc on Monday announced a 10-for-1 stock split of the company’s class A and class B shares. (Reporting by Chavi Mehta in Bengaluru; Editing by Aditya Soni)
