(Reuters) – JetBlue Airways Corp said on Thursday it was extending the expiration date of its cash tender offer for Spirit Airlines Inc to July 29 from June 30, after sweetening its bid for the ultra-low-cost carrier earlier this week. In the latest offer on June 27, JetBlue included a ticking fee of 10 cents …
JetBlue extends tender offer date for Spirit Airlines Read More »
By John McCrank NEW YORK (Reuters) – The one-year countdown began on Thursday to the end of the publication of the tarnished London Interbank Offer Rate, or Libor, for existing U.S. dollar-denominated contracts, and volatile market conditions have delayed the switch to new rates for some market participants. “We have 12 months until D-Day from …
U.S.-dollar Libor transition enters critical phase for leveraged loan market Read More »
(Reuters) – Retail crypto lending platform Celsius Network said on Thursday it was exploring options including deals and restructuring its liabilities. Celsius earlier this month froze withdrawals and transfers citing “extreme” market conditions, leaving its 1.7 million customers unable to redeem their assets. (https://bit.ly/3bHo3Cf) The company hired restructuring consultants from advisory firm Alvarez & Marsal …
Crypto lender Celsius says it is exploring options Read More »
By Stephen Culp NEW YORK (Reuters) – Wall Street ended the session lower on Thursday, crossing the finish line of a grim month and quarter, a dismal coda to the S&P 500’s worst first half in more than half a century. All three major U.S. stock indexes finished the month and the second quarter in …
S&P 500 closes the book on its biggest first-half plunge since 1970 Read More »
By Jonathan Stempel (Reuters) – The former top corporate lawyer at Apple Inc pleaded guilty on Thursday to insider trading charges, for what prosecutors called a five-year scheme to trade ahead of the iPhone maker’s quarterly earnings announcements. Gene Levoff, 48, of San Carlos, California, pleaded guilty to six securities fraud charges at a hearing …
Former top Apple lawyer pleads guilty to insider trading Read More »
MILAN (Reuters) – Italy’s antitrust authority said on Thursday it had closed an investigation launched last year over U.S. fast-food chain McDonald’s franchise terms in the country. The AGCM regulator said that the company had committed to removing clauses in contracts with its Italian affiliates, that could raise economic dependence issues and “which could unduly …
Italy’s antitrust ends investigation over McDonald’s franchise terms Read More »
BERLIN (Reuters) -German unemployment rose in June, Labour Office figures showed on Thursday, as Ukrainian refugees are registering with the office in search of work. The Federal Labour Office said the number of people out of work grew by 133,000 in seasonally adjusted terms to 2.417 million. Analysts polled by Reuters had on average expected …
German unemployment rises in June as Ukrainian refugees look for work Read More »
By Balazs Koranyi and Francesco Canepa SINTRA, Portugal (Reuters) – European Central Bank policymakers put on a brave face at their annual gathering in the hills above the Portuguese capital and forecast further economic expansion despite looming gas shortages, but in private conversations recession fears were increasingly dominant. Growth has slowed sharply this year amid …
Recession fears creep into ECB thinking at summer conference Read More »
By Sabrina Valle HOUSTON (Reuters) – Oil producer BP PLC on Wednesday said it will assist U.S. employees with travel expenses for covered health-care services that cannot be obtained near where an employee lives. The company made the decision following the U.S. Supreme Court decision last week overturning the landmark 1973 Roe v. Wade ruling, …
BP to cover travel expenses for health treatment after Roe v. Wade Read More »
(Reuters) -Printer maker Xerox Holdings Corp said on Wednesday Chief Executive Officer John Visentin has died due to complications from an ongoing illness. Steve Bandrowczak, Xerox’s president and chief operations officer will serve as interim CEO, the company added. Visentin, who was also the vice chairman of the company, joined Xerox as its CEO in …
