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By David Shepardson WASHINGTON (Reuters) – Union challenger Shawn Fain is narrowly leading United Auto Workers (UAW) President Ray Curry in a runoff election, a court-appointed monitor said on Monday, but the race is too close to call. Fain received 69,118 votes and Curry has 68,473 votes – a difference of 645 votes – but …

United Auto Workers challenger holds narrow lead in race for union president Read More »

By Diane Bartz and David Shepardson WASHINGTON (Reuters) -JetBlue Airways Corp said on Monday it believes there is a “high likelihood” the U.S. Justice Department will file an antitrust lawsuit this week to block its $3.8 billion takeover of low-cost rival Spirit Airlines Inc. JetBlue said in a statement that it accounted for the possibility …

JetBlue, Spirit deal faces ‘high likelihood’ of U.S. lawsuit Read More »

(Reuters) – Pratt & Whitney, a Raytheon Technologies unit, said on Monday it has been awarded a $5.2 billion contract to support production of the 15th and 16th lots of F135 engines, with an option to award a 17th lot, powering all three variants of the F-35 Lightning II fighter aircraft. The total contract value …

Pratt & Whitney awarded $5.2 billion contract to develop engines for F-35 Lightning II Read More »

(Reuters) – A slew of cryptocurrency heavyweights including Coinbase Global Inc and Galaxy Digital ditched Silvergate Capital Corp as their banking partner after the lender’s latest filing raised questions about its ability to stay in business. La Jolla, California-based Silvergate, one of the most influential banks in the digital asset industry, also said it has …

Factbox-Silvergate crisis: Crypto industry majors drop embattled lender Read More »

(Reuters) – Lockheed Martin Corp said on Monday it resumed final testing of its advanced F-35 fighter jets, after the U.S. Government cleared delivery of engines from supplier following a safety conncern. “Safety remains our top priority as we continue to produce the world’s most advanced fighter aircraft,” Lockheed said. Lockheed Martin sends its new …

Lockheed resumes final testing of advanced F-35 jet Read More »

By Clark Mindock (Reuters) – The U.S. Supreme Court on Monday asked the Biden administration to wade into a dispute between Florida-based energy company NextEra Energy Inc. and Texas over a state law that experts say could block the construction of vital interstate electric transmission lines. The Supreme Court is deciding whether to take up …

Justices ask government for input on Texas electric grid dispute Read More »

By Deborah Mary Sophia (Reuters) -Altria Group Inc said on Monday it would buy startup NJOY Holdings Inc for about $2.75 billion in cash, in a fresh bet by the Marlboro maker on the e-cigarette market after losing billions through its investment in Juul. Big tobacco firms are investing heavily in traditional cigarette alternatives as …

Altria to revive vaping push with $2.8 billion NJOY bid after Juul fiasco Read More »

ISTANBUL (Reuters) – The Turkish Competition Board said on Monday it had decided to fine billionaire Elon Musk 0.1% of Twitter’s gross income in Turkey in 2022, as his takeover of the company occurred without the board’s permission. The board said in a statement that the ruling would be open to a legal challenge. (Reporting …

Turkish competition board says fines Elon Musk over Twitter takeover Read More »

ZURICH (Reuters) -The Swiss National Bank reported on Monday an annual loss of 132.5 billion Swiss francs ($141.54 billion), in line with the provisional calculations it announced in January. The loss, the biggest in the central bank’s 115-year history, was caused by a plunge in the value of the SNB’s investments caused by bond and …

Swiss National Bank reports annual loss of 132.5 billion Swiss francs Read More »