BOGOTA (Reuters) – Colombia’s flagship airline Avianca is backing down from a merger with Viva Air, blaming conditions set by the country’s aviation regulator, the company announced Saturday. In a statement, Avianca said conditions set by the regulator “would not allow Viva to be a financially and operationally viable airline,” and also put Avianca’s stability …
Colombia’s Avianca backs down from Viva Air merger Read More »
By Ann Saphir, Andrea Shalal and Jeff Mason WASHINGTON (Reuters) -U.S. President Joe Biden on Friday nominated Federal Reserve Governor Philip Jefferson to be the central bank’s vice chair, a key policy advisory role recently vacated when Lael Brainard took a top position in Biden’s White House economics team. Biden also nominated the World Bank’s …
Biden nominates Jefferson as Fed vice chair, Kugler to Fed board Read More »
WASHINGTON (Reuters) – General Motors said on Friday it will recall nearly 1 million sport utility vehicles in the United States because the driver’s air-bag inflator may explode during deployment. The recall covers 994,763 Buick Enclave, Chevrolet Traverse, and GMC Acadia vehicles from the 2014 through 2017 model years with modules produced by ARC Automotive …
GM recalling nearly 1 million U.S. vehicles for air bag defect Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended slightly lower on Friday, led by weaker megacap shares following their recent rally, as data showed U.S. consumer sentiment dropped to a six-month low. The Dow was barely lower in its fifth straight day of declines, the blue-chip index’s longest losing streak in two months. …
Indexes slip with tech-related shares; consumer sentiment drops Read More »
(Reuters) -Proxy advisory firm Institutional Shareholder Services (ISS) on Friday recommended that gene-sequencing giant Illumina Inc’s shareholders vote for activist investor Carl Icahn’s nominee Andrew Teno. Teno has served on the boards of FirstEnergy and Southwest Gas and ISS recommended that he replace Illumina’s Chairman John Thompson. ISS, however, recommended against the others nominated by …
(Reuters) – Deposits at U.S. banks climbed in early May, ticking up from the lowest level in nearly two years while bank lending was little changed at a record level, Federal Reserve data released on Friday showed. Deposits climbed to $17.16 trillion in the week ended May 3, up about $67 billion to mark the …
U.S. bank deposits rise in early May, lending little changed at record high Read More »
By Richard Cowan WASHINGTON (Reuters) – The Washington standoff over raising the U.S. government’s $31.4 trillion borrowing limit is adding to global economic worries, as a new non-partisan congressional report cited “significant risk” of a historic default within the first two weeks of June. The U.S. Congressional Budget Office report, issued Friday morning, confirms Treasury …
Debt ceiling worries deepen as early June U.S. default reinforced Read More »
By Michael Erman and Bhanvi Satija NEW YORK (Reuters) -Pfizer Inc Chief Executive Albert Bourla called U.S. plans to negotiate drug prices for its Medicare health program “negotiation with a gun to your head” and said he expects drugmakers to sue in an attempt to halt the process. “It is not negotiation at all. It …
Pfizer CEO calls US drug price plan ‘negotiation with a gun to your head’ Read More »
(Reuters) -Shares of major U.S. regional lenders edged higher on Friday, reversing early losses in skittish trading as investors bought some battered stocks but remained uncertain about the financial stability of mid-sized banks. Western Alliance rose 2.1%, Synovus Financial gained 2.2%, and Truist Financial added 1.8%. The KBW Regional Banking index, which has fallen nearly …
U.S. regional bank stocks creep higher in skittish trading Read More »
(Reuters) -Binance said on Friday it was withdrawing from Canada, weeks after the country issued a series of new guidelines for cryptocurrency exchanges including investor limits and mandatory registrations. Canada has tightened regulations for crypto asset trading platforms in recent months, with the introduction of a pre-registration process. The companies that do not adhere to …
Binance pulls out of Canada amid new crypto regulations Read More »
