By Diane Bartz and David Shepardson WASHINGTON (Reuters) -American Airlines Group must end its alliance with JetBlue Airways Corp, a federal judge ruled on Friday, agreeing with the U.S. Justice Department that the arrangement means higher prices for consumers and ordering the companies to part ways within 30 days. The decision represented a victory for …
American and JetBlue airlines must end alliance, US judge rules Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks closed out the trading week on a soft note on Friday as early gains dissipated after U.S. debt ceiling negotiations in Washington were paused, denting optimism a deal could be reached in coming days to dodge a default. Stocks had rallied over the past two sessions …
By Erwin Seba HOUSTON (Reuters) – An attorney representing the family of a 55-year-old Marathon Petroleum refinery worker killed in a fire at the Texas facility this week called the plant where he worked “dangerous” on Friday. Scott Higgins died in a fire when a seal on a pump, near where he was performing maintenance …
Texas oil refinery ‘dangerous’ says lawyer for worker killed in fire Read More »
CHICAGO (Reuters) – Pilots at American Airlines will get a 21% pay raise this year as part of a new four-year tentative contract, three sources with direct knowledge of the matter said on Friday. The Allied Pilots Association (APA), which represents American’s pilots, on Thursday said it has agreed in principle on a new contract. …
American Airlines pilots to get 21% pay raise this year in tentative contract -sources Read More »
By Deborah Mary Sophia (Reuters) -Foot Locker Inc’s shares closed down 27% on Friday as the footwear retailer cut its annual sales and profit forecasts amid a sharp drop in demand and a hit from heavy discounts aimed at clearing excess inventories. The company also missed analysts’ estimates for first-quarter results and named former Kohl’s …
Foot Locker slumps as weak demand, heavy discounts drive annual outlook cut Read More »
By Chibuike Oguh NEW YORK (Reuters) -Shares of U.S. regional lenders fell on Friday after CNN reported that U.S. Treasury Secretary Janet Yellen told bank chief executives that more mergers may be necessary following a series of bank failures. Yellen also reaffirmed the strength and soundness of the country’s banking system at the meeting with …
US regional bank stocks fall after Yellen says more bank mergers necessary Read More »
(Reuters) – Deposits at all U.S. commercial banks slipped last week and overall credit provided by banks edged lower as well, Federal Reserve data released on Friday showed. Deposits in the week ending May 10 totaled $17.10 trillion on a nonseasonally adjusted basis, down from $17.16 trillion a week earlier, the Fed’s weekly snapshot of …
US bank deposits and credit slip in latest week, Fed data shows Read More »
By Lisa Richwine LOS ANGELES (Reuters) – Walt Disney Co will shutter its immersive Star Wars-themed luxury hotel in Orlando this September, less than two years after it opened, as the media giant cuts costs throughout its entertainment and parks businesses. Disney announced the closing of the two-night “Star Wars: Galactic Starcruiser” hotel and experience …
Disney to close Star Wars hotel that opened in Florida last year Read More »
By Byron Kaye and Lewis Jackson SYDNEY (Reuters) -Australia’s Westpac Banking Corp said it will refinance loans for some borrowers who don’t meet an industry standard that assesses their ability to repay, putting pressure on the bank regulator to relax guidelines after a year of interest rate hikes. The country’s No. 2 mortgage provider has …
Australia’s Westpac says won’t stick to home loan guideline as interest rates surge Read More »
By Olena Harmash KYIV (Reuters) – Almost as soon as Russia invaded Ukraine last year, Ukrainian businessman Rostyslav Vovk realised he needed to look beyond the country’s borders to keep his pet food company growing. The ongoing conflict has prompted several Ukrainian firms to focus abroad to reduce their reliance on a shrinking home market …
Ukrainian firms venture abroad for growth as war hits home Read More »
