Watchdog head: Fines may not stop bad behavior by companies
NEW YORK (AP) — The head of the nation’s financial watchdog is having second thoughts about how useful fines are…
July 2022
Altria’s $13B investment in Juul e-cigarettes vaporizes
WASHINGTON (AP) — Cigarette maker Altria’s $13 billion investment in the troubled vaping company Juul has gone up in smoke…
JetBlue is buying Spirit for $3.8 billion after bidding war
JetBlue Airways is buying Spirit Airlines for $3.8 billion in a deal that could increase competition at the top end…
Shell posts record earnings again as energy prices soar
LONDON (AP) — Shell posted record profits Thursday for a second straight quarter as the energy giant benefited from soaring…
US economy shrinks for a 2nd quarter, raising recession fear
WASHINGTON (AP) — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9%…
JetBlue Wins Spirit Takeover Battle With $3.8 Billion Deal
(Reuters) -Spirit Airlines Inc on Thursday agreed to a $3.8 billion buyout offer from low-cost rival JetBlue Airways Corp, ending…
Shell Smashes Record Again With $11.5 Billion Profit
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – Shell posted record results on Thursday, with a $11.5 billion second-quarter…
Nissan ‘cautiously Optimistic’ After 14% Operating Profit Drop
TOKYO (Reuters) -Nissan Motor Co on Thursday said it was “cautiously optimistic” after posting a 14% drop in quarterly operating…
Singapore Airlines Swings To Profit As Passenger Traffic Improves
(Reuters) – Singapore Airlines (SIA) swung to a first-quarter net profit of S$370 million ($268 million), it said on Thursday,…
Nissan’s profits plunge on COVID lockdown, chips crunch
TOKYO (AP) — Japanese automaker Nissan’s profit plunged in the last quarter to less than half of what it was…