By David Shepardson WASHINGTON (Reuters) -U.S. District Judge Leo Sorokin on Monday delayed the effective date of a permanent injunction after ruling American Airlines and JetBlue Airways must end their Northeast Alliance (NEA) they used to coordinate flights and pool revenue. Sorokin initially said the injunction would take effect June 20. He said Monday he…
By Matt McKnight OLYMPIA, Wash. (Reuters) – In the middle of a serene forest four miles from Washington state’s capital Olympia sits a vintage rotary phone. It is not connected to a telephone line and looks out of place. But it has become a literal lifeline for people to speak words out loud to lost…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A steadily rising U.S. stock market appears to be drawing investors off the sideline, one measure of market positioning showed. Positioning among discretionary investors – a cohort that includes everyone from portfolio managers to retail investors – broke out of its one-year underweight range and went above…
By Harry Robertson LONDON (Reuters) – PIMCO is underweight the U.S. dollar and overweight UK government bonds in some funds, a senior fund manager said on Monday. “There’s no guarantee that we’re going to be short the dollar all the time, but today, (in) positioning we have dollar underweights versus G10 and EM (emerging markets),”…
By Lisa Baertlein (Reuters) – West Coast seaport employers on Monday criticized worker absences, which they said were slowing work at some of the nation’s busiest ports, as unions press for a bigger share of record profits reaped when cargo shipments surged during the pandemic. West Coast ports stretching from California to Washington state are…
(Reuters) – Sphere Entertainment said on Monday it was launching Sphere Studios in Hollywood to create immersive film content for its entertainment venue, Sphere, in Las Vegas. The live entertainment and media firm said filmmakers would work with Hollywood directors and producers at Sphere Studios to create multi-sensory films that would appear exclusively in Sphere…
By David Shepardson (Reuters) – General Motors plans to invest $632 million in its Fort Wayne, Indiana, assembly facility to prepare the plant for future internal combustion engine full-size light duty trucks, it said on Monday. The investment will be used to support new conveyors, tooling and equipment for the plant that manufactures GM’s Chevrolet…
WASHINGTON (Reuters) – The United States has asked Mexico to review whether workers at a denim garment factory in the Mexican state of Aguascalientes are being denied the right to freedom of association and collective bargaining, the U.S. Trade Representative’s office said on Monday. U.S. Trade Representative Katherine Tai said the request regarding a garment…
(Reuters) – The U.S. budget deficit swelled in May from a year earlier as revenue tumbled and Medicare spending surged, the Treasury Department said on Monday in its first monthly accounting of the government’s finances since a deal was reached to suspend the debt limit and avoid a first-ever federal default. The May deficit shot…
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom is set to gain conditional EU antitrust approval for its $61 billion proposed acquisition of cloud computing firm VMware, people familiar with the matter said, sending its shares up by almost 5%. The European Commission’s clearance is tied to remedies relating to Broadcom’s interoperability with…
