Rebuffed by Spirit, JetBlue goes hostile in takeover bid
JetBlue launched a hostile takeover bid for Spirit Airlines on Monday and asked shareholders of the low-cost carrier to reject…
May 2022
McDonald’s To Exit Russia After 30 Years
(Reuters) – McDonald’s Corp said on Monday it had initiated a process to sell its business in Russia after 30…
De-Arching: McDonald’s to sell Russia business, exit country
McDonald’s is closing its doors in Russia, ending an era of optimism and increasing the country’s isolation over its war…
Biden Team Sees Few Options On Inflation Before November Midterms
By Trevor Hunnicutt WASHINGTON (Reuters) – The Biden administration is increasingly feeling it has little control over short-term inflation, officials…
EU’s Russia sanctions effort slows over oil dependency
BRUSSELS (AP) — The European Union’s efforts to impose a new round of sanctions against Russia over the war in…
Economists Sound The Alarm Over UK’s Post-Brexit Finance Plans
LONDON (Reuters) – More than 50 economists warned on Monday that Britain’s post-Brexit plans to boost the competitiveness of its…
ECB May Kick Off Development Of Digital Euro By End-2023, Panetta Says
FRANKFURT (Reuters) – The European Central Bank may kick off the development of its digital euro, an electronic version of…
European Shares Fall After China Data Adds To Growth Woes
LONDON (Reuters) – European stock indexes opened lower on Monday, after oil prices slid and riskier currencies took a hit…
Adani To Become India’s No. 2 Cement Maker With $10.5 Billion Holcim Deal
(Reuters) -Billionaire Gautam Adani’s conglomerate plans to buy Switzerland-based Holcim AG’s cement businesses in India for $10.5 billion, becoming the…
Snowless Davos Readies New Face For World Economic Forum Meeting
By Michael Shields DAVOS, Switzerland (Reuters) – Movers and shakers arriving for the annual meeting of the World Economic Forum…