By David Shepardson WASHINGTON (Reuters) – President Joe Biden said on Monday his administration had cracked down on U.S. airlines to improve treatment of passengers, a claim rejected by the carriers. Biden said prior to changes made in customer service plans by major airlines “if your flight was canceled or delayed, no top airline guaranteed…
By Svea Herbst-Bayliss (Reuters) – A majority of Twitter Inc’s shareholders have voted in favor of the social media company’s $44 billion sale to Elon Musk, people familiar with the tally said on Monday. The deadline for the shareholder vote on the deal is on Tuesday but enough investors had voted by Monday evening for…
By Joey Roulette WASHINGTON (Reuters) -A Blue Origin capsule carrying cargo toward the edge of space aborted from its New Shepard rocket booster on Monday shortly after liftoff from Texas, escaping what appeared to be a malfunction near the rocket’s engine section, a company livestream showed. No humans were on board the capsule, which sat…
By Jonathan Stempel NEW YORK (Reuters) -AstraZeneca Plc on Monday won the dismissal of a U.S. shareholder lawsuit claiming that it concealed problems in developing its COVID-19 vaccine, making it unlikely the treatment would win regulatory approval in the United States. U.S. District Judge Paul Oetken in Manhattan said AstraZeneca shareholders in the proposed class…
By Stephen Culp NEW YORK (Reuters) – Wall Street advanced to two-week highs on Monday with few impediments to thwart a three-day winning streak as investors awaited crucial inflation data. All three major U.S. stock indexes appeared set to notch their fourth straight session of gains in a broad rally which evenly favored growth and…
TANAGRA, Greece (AP) — Greece’s air force on Monday took delivery of a first pair of upgraded F-16 military jets under a $1.5 billion program to modernize its fighter fleet amid increasing tensions with neighboring Turkey. The two F-16s presented at the Tanagra airbase northwest of Athens are the first of 83 to be refitted…
AMSTERDAM (Reuters) -Dutch shareholders association VEB is threatening to take Philips to court over its handling of a global recall of respiratory machines, claiming it caused billions in losses by giving incorrect information to shareholders, Dutch paper FD reported on Monday, citing a letter the VEB sent to the company. Philips confirmed that it had…
(Reuters) – Alphabet Inc is considering moving some production of Pixel phones to India following disruptions in China from COVID-19 lockdowns and Beijing’s rising tensions with the United States, the Information reported on Monday, citing a source. Alphabet, which did not immediately respond to a Reuters request for comment, has solicited bids from manufacturers in…
NEW YORK (Reuters) -The U.S. fraud trial of Trevor Milton, the founder and former chief executive of Nikola Corp who prosecutors accuse of lying to investors about the electric- and hydrogen-powered truck maker, began on Monday in New York with jury selection. Prosecutors have said Milton sought to deceive investors about the company’s technology starting…
NEW YORK (AP) — From his perch as American Eagle Outfitters’ chief supply chain officer, Shekar Natarajan is taking a page from shared ride service Uber to modernize the supply chain for retailers. Since Natarajan joined American Eagle almost four years ago, the teen retailer has acquired two supply chain businesses for several hundred million…
