MEXICO CITY (Reuters) -Grupo Financiero Inbursa is still in the process of buying Citigroup’s Mexican retail bank unit and is inviting other business partners to join the bid, Inbursa’s Director of Investor Relations Frank Aguado said Wednesday. The comment, made during a conference call discussing its second-quarter results, comes days after Spain’s Banco Santander said…
OMAHA, Neb. (AP) — Railroads will be required to maintain two-person crews under a new rule announced Wednesday that will thwart industry efforts to cut crews down to one person. The Federal Railroad Administration said in a rule published in the Federal Register that railroads will be required to continue using two-person crews in most…
Spirit Airlines shareholders could pick a preferred buyer for their airline Wednesday, as they voted on one of the offers for the budget carrier. Shareholders appear to be leaning against the bid preferred by Spirit’s board, an offer from Frontier Airlines that is currently worth more than $2.6 billion. Four previous votes have been postponed…
WASHINGTON (AP) — The U.S. economy is caught in an awkward, painful place. A confusing one, too. Growth appears to be sputtering, home sales are tumbling and economists warn of a potential recession ahead. But consumers are still spending, businesses keep posting profits and the economy keeps adding hundreds of thousands of jobs each month….
WASHINGTON (AP) — The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in more than three decades to tame high inflation. The Fed’s move will raise its key rate, which affects many consumer and business loans, to…
By Christoph Steitz and Nina Chestney FRANKFURT/LONDON (Reuters) -Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and the European Union that will make it harder, and costlier, for the bloc to fill up storage ahead of the winter heating season. The cut in supplies, flagged…
By Raphael Satter (Reuters) – The European Union found evidence that smartphones used by some of its staff were compromised by an Israeli company’s spy software, the bloc’s top justice official said in a letter seen by Reuters. In a July 25 letter sent to European lawmaker Sophie in ‘t Veld, EU Justice Commissioner Didier…
By Shreyashi Sanyal and Aniruddha Ghosh (Reuters) -U.S. stock indexes were set to open higher on Wednesday as upbeat quarterly reports from Microsoft and Alphabet lifted sentiment ahead of a key U.S. interest rate decision later in the day. Investors were on edge after a profit warning from top U.S. retailer Walmart fueled fears of…
THE HAGUE, Netherlands (AP) — Dutch farmers protested government plans to reduce nitrogen emissions by dumping manure and garbage Wednesday on highways and setting fires alongside roads — the latest actions in a summer of discontent. Police urged them to stop for safety reasons and were investigating who was responsible. Traffic authorities said several roads…
Boeing Co. reported a smaller second-quarter profit that fell short of Wall Street expectations as its defense business weakened and it remained unable to deliver any of its 787 Dreamliner planes. The giant aircraft manufacturer reported a profit of $193 million Wednesday, down 67% from the second quarter of last year, on a 2% drop…
