Spirit Air Expects More Groundings as Pratt Engine Fallout Grows
Spirit Airlines Inc. has grounded seven planes due to problems with its Pratt & Whitney engines and the carrier expects to take more aircraft out of service in the coming weeks.
Bloomberg Business
India’s Modi Agrees to Attend BRICS Leaders Summit in South Africa
Indian Prime Minister Narendra Modi will visit South Africa to attend the summit of BRICS leaders this month, ending speculation that the head of the world’s most-populous nation was planning virtual meetings.
Private Equity Deal Rut Spurs Firms to Raise Cash Creatively
For years private equity firms had a simple way to keep investors happy: sell assets and share the proceeds. As the golden era of easy dealmaking and cheap debt ends, they’re having to get more creative.
Citigroup’s Paco Ybarra to Depart After 36 Years at Wall Street Giant
Citigroup Inc.’s Paco Ybarra, one of Chief Executive Officer Jane Fraser’s top deputies, will depart after 36 years at the Wall Street giant.
Mortgage Rates in US Rise for Second Straight Week, Hitting 6.9%
Mortgage rates in the US climbed for the second week in a row, hitting the highest level in three weeks.
Colombia’s Government Bets Public Pension Fund Would Revive Capital Market Flows
Colombia’s government is betting that its proposed public pension fund would reinvigorate investment flows in the local bond and equity markets, according to a top Finance Ministry official.
Papa John’s Sales Suffer After Franchisees Boosted Pizza Prices
Papa John’s International Inc. sales suffered after franchisees started charging more than diners were willing to spend, Chief Executive Officer Rob Lynch said.
Warner Bros Discovery Launches $2.7 Billion Buyback to Axe Debt
Warner Bros Discovery Inc. is looking to buy back notes as the company works to slash its debt load following its merger last year.
Saudis Extend 1 Million-Barrel Oil Cut, Say Can Be Deepened
Saudi Arabia extended its unilateral oil production cut by another month, and said it could be prolonged further or even deepened.
Americans Are Shaving Less, Stretching Blades as Higher Prices Bite
Edgewell Personal Care Co., the maker of Schick razors, says Americans are changing up shaving habits amid higher prices, resulting in lower volumes sold for the company.
