By David Shepardson (Reuters) -American Airlines and JetBlue Airways said Friday they will begin to wind down their Northeast Alliance on July 21 after a U.S. judge’s order in May that they end the agreement. JetBlue said last week it would terminate the three-year-old alliance, which allowed the two carriers to coordinate flights and pool…
By Lisa Baertlein (Reuters) -A threatened U.S. strike at United Parcel Service could be “one of the costliest in at least a century,” topping $7 billion for a 10-day work stoppage, a think tank specializing in the economic impact of labor actions said on Thursday. That estimate from Michigan-based Anderson Economic Group (AEG) includes UPS…
By Paul Sandle LONDON (Reuters) – Britain’s competition regulator on Friday extended its final deadline on Microsoft’s Activision Blizzard deal to Aug. 29 after its received a “detailed and complex” new proposal from Microsoft that claimed material changes in circumstance. The Competition and Markets Authority (CMA) in April became the first and so far only…
(Reuters) – Delivery firm United Parcel Service said on Friday the company is focused on reaching an agreement with the Teamsters workers’ union before Aug. 1. (Reporting by Aishwarya Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)
SAO PAULO (Reuters) -Brazil’s retail sales fell in May and missed expectations, government statistics agency IBGE showed on Friday, as half of the segments presented a decline for the month. Sales dropped 1.0% in May compared with the previous month, missing expectations of a 0.0% increase from economists polled by Reuters. The indicator also decreased…
WASHINGTON (Reuters) – U.S. consumer sentiment jumped to the highest level in nearly two years in July as inflation subsided and the labor market remained strong, a survey showed on Friday. The University of Michigan’s preliminary reading on the overall index of consumer sentiment came in at 72.6 this month, the highest reading since September…
(Reuters) – Shares of Nikola Corp jumped 14% on Friday, a day after a short squeeze sent the electric-truck maker’s shares soaring in their busiest trading session on record. The stock surged nearly 61% to a more than four-month high on Thursday after Nikola entered a deal to sell 50 EVs to BayoTech and purchase…
By Mike Scarcella WASHINGTON (Reuters) – The U.S. Federal Trade Commission’s (FTC) bid to temporarily block Microsoft’s $69 billion purchase of “Call of Duty” maker Activision Blizzard must clear some key hurdles to succeed, legal experts said. U.S. District Judge Jacqueline Scott Corley on Tuesday gave the go-ahead to the largest-ever gaming industry deal, rejecting…
(This July 12 story has been officially corrected by the European Commission to change the amount of deal to $570 mln from 570 mln euros in paragraph 6) By Foo Yun Chee BRUSSELS (Reuters) – U.S. genetic testing company Illumina was fined a record 432-million-euro ($476 million) by the EU on Wednesday for closing its…
(Refiles to replace ‘attorney generals’ with ‘attorneys general’ throughout) By Daniel Wiessner (Reuters) -A group of Republican U.S. state attorneys general on Thursday warned the country’s largest companies that certain workforce diversity policies could be illegal in light of the U.S. Supreme Court’s decision effectively striking down affirmative action in higher education. The 13 officials…
