(Reuters) -Private jet charter company Wheels Up Experience said on Monday it was considering strategic alternatives, including filing for bankruptcy protection, sending its shares down over 8% in extended trading. The company also reported a second-quarter net loss of $160.6 million, widening from $92.76 million a year earlier, hurt by weaker demand for private jet…
By Jonathan Stempel (Reuters) -Berkshire Hathaway, the conglomerate run by billionaire Warren Buffett, on Monday disclosed new investments in the homebuilders DR Horton, Lennar and NVR. The investments were disclosed in a regulatory filing that detailed Berkshire’s U.S.-listed stock holdings, which comprise most of its $353.4 billion equity portfolio, as of June 30. All were…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. As waves of volatility crashed over emerging markets on Monday, most notably in Argentina and Russia, the focus on Tuesday once again returns to the root of much of the deeper anxiety and uncertainty around…
(Reuters) – Amazon.com’s devices chief David Limp would retire in the coming months, in a high-level departure from a division that has struggled to bring revenue and been a target of the e-commerce giant’s mass layoffs. The retirement of Limp, a more than 13-year veteran of Amazon, also marks another major exit at the company…
(Reuters) – Russia’s ambassador to the United States said on Monday the U.S. denied entry visas to some Russian officials who planned to travel to Seattle for a meeting of the Asia-Pacific Economic Cooperation. “Entry visas for officials from several ministries and government bodies were not issued,” Anatoly Antonov, the Russian ambassador, said. (Reporting by…
By Abdel-Kader Mazou NIAMEY (Reuters) -The military junta that seized power in Niger in a coup last month has said it will prosecute ousted President Mohamed Bazoum for high treason over his exchanges with foreign heads of state and international organisations. The United States, United Nations and West African leaders condemned the move, calling it…
KYIV (Reuters) – Ukraine on Monday reported fierce fighting along its entire front line and “some success” in pushing back Moscow’s troops in one part of the southeast where Ukrainian forces are trying to retake Russian-occupied territory. Progress has been hampered by widespread Russian-laid minefields and strong fortifications, Deputy Defence Minister Hanna Maliar said. But…
By Jody Godoy (Reuters) – (This Aug. 11 story has been corrected to say ‘National Center for Public Policy Research v. Schultz et al., No. 22-00267, U.S. District Court, Eastern District of Washington,’ not ‘Craig v. Target Corp. et al., No. 23-00599, U.S. District Court, Middle District Of Florida,’ in paragraph 16) A U.S. judge…
By Niket Nishant and Manya Saini (Reuters) -Digital payments giant PayPal Holdings on Monday named Alex Chriss, a top executive at tax-preparation software firm Intuit, its next CEO as it looks to grab a bigger share of the payments market for small businesses. Chriss, who has a strong track record in dealmaking, will replace Dan…
By Anna-Catherine Brigida BUENOS AIRES (Reuters) – Argentina’s shock primary election leader Javier Milei, a radical libertarian economist, scored the largest share of the national vote with big wins in the provinces, breaking in some places decades of Peronist party domination. Milei took 30% of the national vote, ahead of the main conservative opposition bloc…
