(Reuters) – Proxy advisory firm Institutional Shareholder Services Inc (ISS) has urged shareholders of Spirit Airlines Inc to vote for a proposed merger with Frontier Group Holdings Inc . “On balance, support for the merger with Frontier on the revised terms is warranted,” the proxy advisory firm said in a report published late Friday and…
SAO PAULO (Reuters) – The incoming chief executive of Brazil’s state-run oil company Petrobras told a corporate committee he has not received any guidance from the government on changing the firm’s fuel pricing policy, a document showed on Saturday. Caio Mario Paes de Andrade, a former economy ministry official appointed by President Jair Bolsonaro to run…
MADRID (AP) — The Spanish government has approved a package of emergency economic measures worth more than 9 billion euros ($9.5 billion) to try to temper the economic fallout from Russia’s invasion of Ukraine, Prime Minister Pedro Sánchez said Saturday. “This war, and its economic and social consequences, have produced an extraordinary uncertainty when it…
(Reuters) -A growing number of companies, including JPMorgan Chase & Co, Amazon.com Inc, Tesla Inc, and Walt Disney Co are rolling out policies to offer benefits to U.S. employees who may need to access abortion services. The U.S. Supreme Court on Friday took the dramatic step of overturning the landmark 1973 Roe v. Wade ruling…
(Reuters) – A U.S. appeals court has ruled that the federal government may transfer thousands of acres in Arizona to Rio Tinto Plc for a copper mine in a land swap deal, upholding a lower court’s ruling and rejecting a request from Native Americans who said the land has religious and cultural import. The 2-1…
By Pamela Barbaglia and Anirban Sen LONDON/NEW YORK (Reuters) – Global dealmaking is entering an arid season as raging inflation and a stock market rout curb the appetite of many corporate boards to expand through acquisitions. Russia’s invasion of Ukraine in February and fears that an economic recession is looming dealt a blow to merger…
KUALA LUMPUR (Reuters) – Malaysia is expected to spend 77.3 billion ringgit ($17.6 billion) in subsidies and cash aid this year, the largest amount in history, to help temper the effects of rising prices, its finance minister said on Saturday. Prices of goods have jumped in Malaysia in recent months due to supply chain disruptions,…
LONDON (Reuters) – British public-sector health workers should receive an annual pay rise of 4-5% this year, a government advisory body plans to recommend, according to a report in the Guardian newspaper on Saturday. Surging consumer price inflation, which hit a 40-year high of 9.1% in May, means workers are pushing for bigger than normal…
DHAKA, Bangladesh (AP) — Bangladesh’s Prime Minister Sheikh Hasina on Saturday celebrated the opening of the country’s longest bridge, which took eight years to build amid setbacks involving political conflict and corruption allegations. The 6.51-kilometer (4.04-mile) bridge spanning the Padma River cost an estimated $3.6 billion and was paid for with domestic funds after the…
By Nichola Groom and Valerie Volcovici PORTLAND, Texas (Reuters) – Cheniere, the largest U.S. exporter of liquefied natural gas, boasts that it’s helping to “improve local air quality in communities globally” because the cleaner burning fuel it ships displaces coal in power plants. But in the Corpus Christi, Texas region, where the fuel is prepared…
