(Reuters) – Video game publisher Electronic Arts Inc named Chris Suh as its new chief financial officer on Monday, replacing Blake Jorgensen. (Reporting by Tiyashi Datta in Bengaluru; Editing by Krishna Chandra Eluri)
Boeing said Monday that Qatar Airways ordered up to 50 large cargo planes and committed to buying up to 50 Boeing 737 Max jets, a huge win for the U.S. aircraft maker over European rival Airbus. The companies did not disclose financial terms. The list price of the planes would total about $27 billion, but…
By Ann Saphir (Reuters) – How fast and far the U.S. Federal Reserve will raise interest rates once it begins doing so in March will depend on what happens with the economy and, more specifically, with inflation, Richmond Fed President Thomas Barkin said on Monday. “I’d like the Fed to get better positioned, and I…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose on Monday to end January with their biggest monthly gain in a year, boosted by a supply shortage and political tensions in Eastern Europe and the Middle East. The most-active Brent contract, for April delivery, traded 74 cents higher, or 0.8%, to settle at $89.26 per…
By David French and Bansari Mayur Kamdar (Reuters) – The three main benchmarks all traded higher on Monday at the end of a volatile month for Wall Street, with the tech-heavy Nasdaq flirting with its worst ever start to the year as investors dodged richly valued stocks with aggressive rate hikes on deck. Valuations of…
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp on Monday disclosed a sweeping restructuring of its global operations that will combine its refining and chemicals businesses into one, and put its energy transition business on the same footing as its other operations. The broad restructuring marks its latest cost-cutting effort after activist investors seeking…
When Bridgid Coulter Cheadle started her search for a new Los Angeles office space for her interior design business, she never dreamed she would also end up finding a whole new philanthropic pursuit. But Blackbird House, the co-working space she created, has become that and much more. “I had this audacious thought,” she said. “What…
BRUSSELS (AP) — European Union nations often still tax and subsidize their energy sources in contradiction with their committed climate goals, and a majority spend more supporting fossil fuels than renewables. After reviewing carbon pricing measures, energy taxation levels and energy subsidies in the 27-country region, the EU’s external auditor warned Monday that the amount…
(Reuters) – The Federal Reserve can move sooner to start reducing its bond holdings than in the past and aggressive action to shrink the U.S. central bank’s portfolio could allow it to take a shallower path on interest rate increases, Kansas City Fed President Esther George said on Monday. “What we do on the balance…
By Chavi Mehta (Reuters) -Software company Citrix Systems said on Monday it would be taken private for $16.5 billion including debt by affiliates of Elliott Management and Vista Equity Partners, which are seeking to tap the pandemic-driven boom in cloud computing. The company said its shareholders would get $104 per share, implying an equity value…
