By Rajesh Kumar Singh, David Shepardson and Anirban Sen CHICAGO/WASHINGTON/NEW YORK (Reuters) -JetBlue Airways Corp on Monday improved its offer for Spirit Airlines Inc, heating up the bidding war for the ultra-low-cost-carrier whose shareholders are due to vote later this week on a merger agreement with Frontier Group Holdings Inc. JetBlue increased its reverse break-up…
By Stephen Nellis (Reuters) -As Apple Inc rolls out its usual stream of upgrades to operating systems for its iPhones, iPads and Macs at its annual software developer conference Monday, analysts and developers will be scouring between the lines for any hints about how a future mixed-reality headset might work. That headset is likely to…
By Jeff Mason WASHINGTON (Reuters) -President Joe Biden waived tariffs on solar panels from four Southeast Asian nations for two years and invoked the Defense Production Act to spur solar panel manufacturing at home, the White House said on Monday, confirming a Reuters report. The tariff exemption applies to panels from Cambodia, Malaysia, Thailand and…
By David Lawder WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai on Monday said fighting inflation is a more complicated issue than can be addressed with a “singular focus” on China tariffs, and that it was important to bring a “thoughtful, deliberate, strategic” approach to the U.S.-China trade relationship. Tai, in remarks to the Washington…
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar advanced modestly on Monday as a boost in risk appetite sent U.S. equities higher and kept gains on the safe haven in check ahead of a key reading on inflation later in the week. After touching a near twenty-year high of 105.01 on May 13, the…
By Pratima Desai and Eric Onstad LONDON (Reuters) – U.S. hedge fund Elliott Associates is suing the London Metal Exchange (LME) for $456 million for cancelling nickel trades after chaotic trading in March that forced the exchange to suspend its nickel market, the LME said on Monday. The legal action piles more pressure on the…
By Shadia Nasralla LONDON (Reuters) -Oil prices topped $120 a barrel in choppy trade on Monday buoyed by Saudi Arabia raising its July crude prices but amid doubts that a higher output target for OPEC+ oil producers would ease tight supply. Brent crude was up 64 cents, or 0.5%, to $120.36 a barrel at 1339…
MADRID (Reuters) – The board of Spanish steel maker Acerinox announced on Monday that it was walking away from preliminary talks with Dutch rival Aperam for a potential tie-up that would have created a European stainless steel giant. “The board of the company in a meeting today agreed unanimously not to continue with the preliminary…
(Reuters) – Elon Musk warned he may walk away from his $44 billion deal to acquire Twitter Inc if the social media network fails to provide data on spam and fake accounts, the billionaire said in a letter to the company on Monday. The letter said Twitter was in a “clear material breach” of its…
(Reuters) -JetBlue Airways Corp on Monday improved its offer for smaller rival Spirit Airlines Inc in an attempt to outstrip competition in the race to buy the low-cost carrier. Shares of Spirit jumped 6.2% to $22 premarket. Under JetBlue’s new terms, Spirit shareholders will get $31.50 per share in cash, comprising $30 at deal close…
