By David Shepardson WASHINGTON (Reuters) – JetBlue Airways said Tuesday it made an unsolicited $3.6 billion bid for low-cost carrier Spirit Airlines on Tuesday, potentially snarling merger plans between Frontier Group Holdings and Spirit. Shares of Spirit rose 22%, their highest level since mid-February. Airline stocks have suffered as air travel fell-off dramatically during the…
Proponents of clean energy and thinks tanks have long said it’s possible to reduce emissions and keep an economy growing. Now the latest report from the world’s top climate scientists says 18 countries have done just that, sustaining emissions reductions “for at least a decade” as their economies continued to grow. The United Nation’s Intergovernmental…
JetBlue Airways has offered to buy Spirit Airlines for about $3.6 billion and break up a plan for Spirit to merge with rival budget carrier Frontier Airlines. Spirit said Tuesday that it received an unsolicited bid from JetBlue. It said its board will evaluate the offer and decide what’s best for shareholders. In a statement,…
By Lewis Krauskopf, Bansari Mayur Kamdar and Praveen Paramasivam (Reuters) – Wall Street’s main indexes fell on Tuesday, dragged by weakness in tech and other growth stocks, after comments from Federal Reserve Governor Lael Brainard spooked investors about potential aggressive actions by the central bank to control inflation. The tech-heavy Nasdaq posted its biggest daily…
BERLIN (AP) — The German government said Tuesday it has resolved a long-running spat that will allow the construction of more than 1,000 onshore wind turbines, boosting efforts to expand the use of renewable energy. The economy and transport ministries said in a joint statement that a deal has been struck to amend safety rules…
By Lewis Krauskopf, Bansari Mayur Kamdar and Praveen Paramasivam (Reuters) – Wall Street’s main indexes fell on Tuesday, dragged by weakness in tech and other growth stocks, after comments from Federal Reserve Governor Lael Brainard spooked investors about potential aggressive actions by the central bank to control inflation. The tech-heavy Nasdaq fell nearly 2% with…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. services industry activity picked up in March, boosted by the rollback of pandemic restrictions, but higher prices for fuel and other commodities because of Russia’s war against Ukraine are creating uncertainty for many businesses. The Institute for Supply Management’s survey on Tuesday showed capacity constraints and inflation remained…
By Ben Klayman DETROIT (Reuters) – General Motors and Honda Motor Co said on Tuesday they will develop a series of lower-priced electric vehicles based on a new joint platform, producing potentially millions of cars from 2027 in a bid to beat Tesla in sales. The announcement expands on plans for GM to begin building…
PARIS (Reuters) – Farfetch Ltd, an online retailer of luxury fashion products, said on Tuesday it will make an investment of up to $200 million in Neiman Marcus Group, gaining a stronger foothold in the U.S. as part of a deal to develop the high-end department store’s online business. The investment cements a “very strategic,…
(Reuters) – Russia is turning to microchip manufactures in China to circumvent western sanctions which have boosted demand for bank cards linked to the Mir payment system, an executive with the domestic payment system said. Western sanctions imposed on Russia over its invasion of Ukraine have cut Moscow off the global financial system and from…
