By Rajesh Kumar Singh CHICAGO (Reuters) – A reduction in airline seats in the domestic market that is fueling U.S. airline earnings is here to stay, United Airlines CEO Scott Kirby said on Wednesday. A sharp pullback in flying by U.S. carriers since summer has driven up ticket prices, helping them mitigate rising costs and …
United Airlines CEO calls pullback in domestic seats a durable trend Read More »
By Jarrett Renshaw, David Morgan and David Lawder WASHINGTON (Reuters) – U.S. President Donald Trump is pushing a plan to explicitly use revenue from higher tariffs on imported goods to help pay for extending trillions of dollars in tax cuts, an unprecedented shift likely to face opposition from many of his fellow Republicans in Congress. …
Trump push to use tariffs to pay for tax cuts faces opposition in Congress Read More »
(Reuters) -CNN, a unit of Warner Bros Discovery, plans to lay off hundreds of employees on Thursday, as it refocuses the business around a global digital audience, CNBC reported on Wednesday, citing people familiar with the matter. The job cuts come as CNN looks to rearrange its linear TV lineup and build out digital subscription …
CNN and NBC News to lay off employees, CNBC reports Read More »
By Valerie Volcovici and Sheila Dang WASHINGTON (Reuters) – U.S. oil and gas producers are thrilled that President Donald Trump wants to encourage domestic energy development but say his decision to withdraw the United States from international climate cooperation will not help their investment plans in the global transition to cleaner energy. The position reflects …
Trump’s climate withdrawal creates rare discord with Big Oil Read More »
By Harshita Mary Varghese (Reuters) – Shares of Netflix soared 13% to an all-time high on Wednesday after the streaming giant’s big bet on sports helped add a record 18.9 million subscribers in the holiday quarter, ballooning its already sizeable advantage over other players. The company also unveiled price hikes on Tuesday in markets including …
Netflix shares hit record as subscriber growth defies odds once again Read More »
WASHINGTON (Reuters) – The U.S. has extended the comment period on a federal study of the economic and environmental impacts of the booming liquefied natural gas (LNG) export business after advisers had urged President Donald Trump to take a patient approach to prevent approvals from getting overturned in court. The U.S. Department of Energy said …
US extends comment deadline on Biden-era LNG study to protect approvals Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) – Activist investor Ananym Capital Management plans to nominate as many as half a dozen directors to the board at Henry Schein, arguing the dental and medical distributor needs to start searching for a new CEO, cut costs and optimize capital allocation, three sources familiar with the matter said. …
Exclusive-Activist Ananym plans to launch proxy fight at Henry Schein, sources say Read More »
By David French (Reuters) – Calpine Corp’s $16.4 billion sale to Constellation Energy is set to generate a handsome windfall for the power producer’s owners, but has also stoked hopes within the private equity world that similar mega-exits may help an industry struggling to return investor cash. The trio of investors – Energy Capital Partners …
Analysis-Private equity mega-exits become more valuable amid slow investor payouts Read More »
By Jonathan Stempel NEW YORK (Reuters) – New York Attorney General Letitia James said on Wednesday her office obtained a $1.065 billion judgment against Yellowstone Capital, a cash advance provider accused of predatory lending, as part of a settlement that gives small businesses more than a half-billion dollars of debt relief. James sued Yellowstone, now …
New York obtains $1.065 billion judgment against accused predatory lender Read More »
By Echo Wang, Curtis Williams and David French (Reuters) – Venture Global LNG was forced to nearly halve the valuation it is seeking in its U.S. initial public offering (IPO) after investors balked at the company’s estimated long-term profit for liquefying gas for export, investors told Reuters. The company is the second-largest exporter of liquefied …
Analysis-Investors balked at Venture Global’s earnings outlook before IPO price cut Read More »
