PARIS (AP) — The International Energy Agency said Thursday that its member countries are releasing 60 million barrels of oil from their emergency reserves on top of previous U.S. pledges to take aim at energy prices that have soared since Russia invaded Ukraine. The Paris-based organization says the new commitments made by its 31 member…
By Bansari Mayur Kamdar and Noel Randewich (Reuters) – Wall Street was mixed on Thursday, with Amazon and Nvidia weighing on the Nasdaq and Pfizer lifting the S&P 500 as investors eyed the war in Ukraine and a potentially more aggressive Federal Reserve. The tech-heavy Nasdaq fared worst among the three main indexes, extending a…
By Rajesh Kumar Singh CHICAGO (Reuters) – Robin Hayes, the ebullient chief executive of JetBlue Airways Corp, was on an Amtrak train on Tuesday coming back from Boston when news broke that his company had made an offer to acquire Spirit Airlines Inc. Hayes said the company was not yet ready to go public with…
ROME (AP) — A judge in Genoa on Thursday ordered all 59 defendants to stand trial for the deadly 2018 collapse of a heavily used highway bridge in that Italian port city which sent cars and trucks plunging into the dry riverbed below. Forty-three people were killed when a large section of the Morandi Bridge…
NEW YORK (AP) — Walmart workers who once unloaded trucks now have a chance to drive them. The nation’s largest retailer has launched a training program that gives employees who work in its distribution or fulfillment centers a chance to become certified Walmart truck drivers through a 12-week program taught by the company’s established drivers….
Transportation stocks have been hammered over the past week. The iShares U.S. Transportation ETF (IYT) has fallen 13% since last Friday. They dipped to a 52-week low this morning. The IYT tracks an index that invests in companies defined as transportation. This includes air freight & logistics, airlines, airport services, highways & rail tracks, marine,…
OMAHA, Neb. (AP) — Shares of HP Inc. jumped nearly 15% Thursday after Warren Buffett’s company snapped up more than 11% of the printer and computer maker over the past week in another uncharacteristic tech investment from the billionaire. Berkshire Hathaway Inc. said in a filing with the Securities and Exchange Commission that it now…
TOKYO (Reuters) – U.S. private equity firm KKR & Co Inc plans to take Japanese chip equipment maker Kokusai Electric Corp public in an IPO as early as June, three sources said, in what is likely to be Tokyo’s biggest listing in more than three years. While the size of the initial public offering (IPO)…
ConAgra cut its outlook for the year with inflation outpacing the price hikes put into place by the major food producer. The cost of goods increased 10.1%. during the quarter and on Thursday, the Chicago company said it expects full-year gross inflation to be approximately 16% compared with its previous guidance of 14%. Another round…
(Reuters) – Moscow has doubled the state support available for opening a fastfood chain in the city to 5 million roubles ($63,000), a city spokeswoman told Reuters, hoping this will help plug the gap left by foreign fast food chains that suspended activities. Western companies from McDonald’s and Starbucks to Deutsche Bank and Shell have…
