WASHINGTON (Reuters) – The U.S. Senate Budget Committee will hold a hearing Thursday on Amazon.com Inc as the panel’s chair urges the White House to end its federal government contracts over its labor practices. Senator Bernie Sanders said the panel will hear from Christian Smalls, president of the Amazon Labor Union as well as International…
By Devik Jain and David French (Reuters) – Wall Street’s main indexes dropped on Monday, giving up early gains in volatile trading, as investors adopted a cautious tinge ahead of the Federal Reserve meeting this week where policymakers are widely expected to raise interest rates. Complementing the weaker sentiment in equity markets, the yield on…
LONDON (Reuters) – Russian billionaire Vladimir Potanin’s Interros group said on Monday it had bought United Card Services, part of Global Payments Inc, its third deal in the space of three weeks as it snaps up financial assets from buyers exiting the Russian market in the wake of Russia’s invasion of Ukraine. Interros did not…
MILAN (Reuters) – The board of Generali on Monday reappointed Philippe Donnet as chief executive with 10 votes in favour out of 13, two sources said, after a group of rebel Italian investors seeking to oust him lost out in a shareholder vote last week. The two sources with knowledge of the matter said Francesco…
By Paresh Dave OAKLAND, Calif. (Reuters) – Alphabet Inc’s Google will provide any U.S. business over $100,000 worth of online courses in data analytics, design and other tech skills for their workers free of charge, the search company said on Monday. The offer marks a big expansion of Google’s Career Certificates, a program the company…
By Devik Jain (Reuters) -Wall Street’s main indexes fell in volatile trading on Monday, dragged down by Amazon.com and financial stocks, with investor focus squarely on the Federal Reserve meeting this week where policymakers are widely expected to raise interest rates. Amazon.com slid 3.2%, adding to a 14% drop on Friday after a gloomy quarterly…
MILAN (Reuters) – Italian shipbuilder Fincantieri is in talks with Norwegian Cruise Line (NCL) over an order worth around $4 billion to build new cruise ships, a source with knowledge of the matter told Reuters on Monday. Italian daily Il Secolo XIX reported on Sunday that six new ships could be built by Fincantieri for…
WASHINGTON (AP) — The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making it costlier to borrow — for a car, a home, a business deal, a credit card purchase — all of which will compound Americans’ financial strains and likely weaken the economy….
By Stephen Culp NEW YORK (Reuters) -Wall Street recovered some lost ground on Monday and benchmark U.S. Treasury yields hit a 3-1/2-year high at the start of an eventful week of corporate earnings, economic data, and an expected interest rate hike from the U.S. Federal Reserve. All three major U.S. stock indexes were last modestly…
Spirit Airlines said Monday that it still supports Frontier Airlines’ $2.9 billion takeover bid for the airline, saying it was more likely to win regulatory approval than JetBlue’s competing $3.6 billion offer. Spirit said antitrust regulators are unlikely to approve JetBlue’s offer because of JetBlue’s alliance with American Airlines in the Northeast, a deal that…
