By Jaiveer Shekhawat and Lananh Nguyen (Reuters) -Jefferies Financial Group Inc on Tuesday posted second-quarter profit that edged past analysts’ estimates as robust performance in the investment bank’s capital markets business cushioned a slump in dealmaking. The New York-based firm’s results are a precursor to earnings from Wall Street titans such as JPMorgan Chase &…
(Reuters) – United Airlines Chief Executive Scott Kirby has blamed the Federal Aviation Administration (FAA) after severe storms led to thousands of canceled flights in recent days. “I’m … frustrated that the FAA frankly failed us this weekend,” he said in a memo to the company’s employees on Monday. “We estimate that over 150,000 customers…
By Patricia VilasBoas SAO PAULO (Reuters) – The top executive of Google Brazil said on Tuesday the company encourages greater dialogue around regulating digital platforms in the country, in order to change a bill that might turn out to be “perverse” for everyone. Nearly two months ago, country’s top court ordered an investigation into executives…
By Sinéad Carew, Sruthi Shankar and Johann M Cherian (Reuters) – U.S. stock indexes rebounded on Tuesday from a recent losing streak as upbeat economic data soothed investor worries about an imminent recession triggered by the Federal Reserve’s aggressive interest rate hikes. Separate reports showed new orders for key U.S.-manufactured capital goods unexpectedly rose in…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets reach the half-way point of the week with a spring in their step, after surprisingly strong U.S. economic data on Tuesday put thoughts of a slowdown or recession to the back of investors’…
By Tom Hals WILMINGTON, Delaware (Reuters) – The Walt Disney Co board did not act negligently when it criticized a sexual identity bill signed by Florida Governor Ron DeSantis, a Delaware judge ruled on Tuesday, in a case the judge said was improperly directed by a conservative legal group. The ruling by Lori Will of…
By Aishwarya Nair (Reuters) – Circor International Inc said on Tuesday it would proceed with plans to sell itself to private equity firm KKR & Co Inc in a $1.7 billion deal after snubbing an offer from an unnamed bidder, which sources identified as private equity firm Arcline Investment Management. Circor, an industrial machinery maker,…
(Reuters) – The United States is considering new restrictions on exports of artificial intelligence chips to China, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Shares of Nvidia and Advanced Micro Devices (AMD) fell about 1.4% on the news. Nvidia, Micron, and AMD are among the U.S. chipmakers caught in…
By Valentine Hilaire MEXICO CITY (Reuters) – Mexican shipping startup Nuvocargo announced on Tuesday it had raised $36.5 million in a new round led by QED Investors, as nearshoring offer new trade opportunities between Mexico and the U.S. The round, which also included participation from NFX and Tiger Global, will allow Nuvocargo to cover the…
By Valerie Insinna WASHINGTON (Reuters) -Spirit AeroSystems and its machinists union reached a tentative contract agreement on Tuesday, with about 6,000 workers set to vote Thursday on whether to end a strike at the company’s plant in Wichita, Kansas. The four-year contract includes wage increases of at least 23.5% over the life of the deal,…
