CHICAGO (Reuters) -United Airlines and its pilots on Saturday reached a labor agreement that will give the latter a significant pay increase, after the union rejected an earlier offer last year instead to seek even higher wages with pilots in short supply. The pilots will get cumulative 34.5%-40.2% increase in pay raises in a new …
United Airlines pilots reach labor agreement, boost pay Read More »
(Reuters) – Ladbrokes-owner Entain on Monday agreed to acquire U.S.-based Angstrom Sports for 122 million pounds ($159.5 million) as it looks to widen its footprint in the country. The acquisition of the sports modelling, forecasting and data analytics company will comprise a total consideration of 81 million pounds and contingent payments over three years, the …
Britain’s Entain to buy U.S.-based Angstrom Sports for $160 million Read More »
COPENHAGEN (Reuters) -Fashion retailer H&M will launch stores and online trade in Brazil in 2025, the company said on Monday. H&M opened its first store in Latin America in Mexico in 2012, and is currently present in Peru, Uruguay, Chile, Colombia, Ecuador, Guatemala, Panama, and Costa Rica. “With a population of over 210 million in …
SYDNEY (Reuters) – Australian Treasurer Jim Chalmers said on Sunday that he expected the nation’s jobless rate to lift from near a 48-year low on the back of higher interest rates and slowing global growth. “As the Reserve Bank forecasts and the Treasury forecasts have inflation moderating over the coming months, they do have a …
Australia expects unemployment rate to rise as global economy slows Read More »
(Reuters) – Tesla built its first Cybertruck at the electric-vehicle marker’s plant in Austin, Texas, the company said in a tweet on Saturday, after two years of delays. Tesla founder Elon Musk introduced the pickup truck in a 2019 reveal where the vehicle’s designer cracked the vehicle’s supposedly unbreakable “armor glass” windows. The company has …
Tesla builds first Cybertruck after two years of delays Read More »
(Reuters) -A U.S. appeals court on Friday rejected the Federal Trade Commission’s request to pause Microsoft’s $69 billion purchase of “Call of Duty” maker Activision Blizzard. The decision removes one of the few remaining hurdles stopping Xbox maker Microsoft from closing the deal and expanding its gaming business. The FTC had also asked Judge Jacqueline …
U.S. appeals court refuses FTC request to pause Microsoft deal for Activision Read More »
(Reuters) – A fire broke out at Dow’s Plaquemine chemical facility in Louisiana, the U.S. chemical maker said in a statement late on Friday. Everyone at the facility was accounted for and the fire was being managed by the company’s Emergency Operations Center, Dow Louisiana said in a statement posted on Facebook, adding that they …
By Sheila Dang and Krystal Hu (Reuters) -Elon Musk on Friday said the purpose of his new artificial intelligence company, xAI, will be to “understand the universe.” In an often meandering 90-minute long Twitter Spaces audio chat, the billionaire discussed his vision for xAI for the first time while veering into topics such as the …
Elon Musk says xAI will examine universe, work with Twitter and Tesla Read More »
By Jonathan Stempel NEW YORK (Reuters) -The U.S. Virgin Islands said it wants JPMorgan Chase to pay at least $190 million, and possibly much more, to resolve its lawsuit accusing the largest U.S. bank of ignoring the disgraced late financier Jeffrey Epstein’s sex trafficking. In a Friday filing in federal court in Manhattan, the territory …
US Virgin Islands demands $190 million from JPMorgan in Epstein case Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 ended down slightly on Friday, with bank and financial shares mostly lower on the day following quarterly reports that kicked off earnings season, but all three major U.S. stock indexes posted solid weekly gains. Offsetting some of the declines, UnitedHealth Group’s stock rallied following its …
S&P 500 ends down with banks mostly lower, indexes post weekly gains Read More »
