By Rory Carroll (Reuters) – Japanese tennis player Naomi Osaka is launching a new media company in partnership with four-times NBA champion LeBron James aimed at telling stories that cross cultural barriers, the former world number one announced on Tuesday. Hana Kuma, which translates to “flower bear,” will produce stories that are “culturally specific but …
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By Chibuike Oguh NEW YORK (Reuters) – KKR & CO Inc said on Tuesday it has hired former IDEX Corp chief executive Andrew Silvernail as an advisor to help buy and operate companies in the industrials, health care, and consumer products sectors. Silvernail, who served as IDEX CEO from 2011 until his retirement in 2020, …
KKR hires former IDEX CEO as part of U.S. dealmaking push Read More »
BUDAPEST (Reuters) – German carmaker Audi’s Hungarian unit will invest 120 billion forints ($320.2 million) to ramp up electric engine production at its factory in western Hungary, Foreign Minister Peter Szijjarto said on Tuesday. Szijjarto said Audi, which earlier said it could substantially boost output at the plant, would start manufacturing the new engines from …
Audi to invest $320.2 million to boost electric engine output in Hungary Read More »
By Jamie Freed DOHA (Reuters) – Global airlines are grappling with a double whammy from the rare combination of a strong U.S. dollar and high oil prices at a time when broad inflationary pressures and worker shortages are also placing pressure on the pandemic-hit industry’s recovery. The oil price and the U.S. dollar typically have …
‘Perfect storm’ for airlines facing strong U.S. dollar and high oil prices Read More »
By Paul Sandle LONDON (Reuters) – EasyJet will buy 56 Airbus A320neo aircraft and convert a previous order to 18 new A321neo aircraft, the British airline said on Tuesday, completing a deferred 2013 agreement with the European planemaker. Deliveries of the aircraft, which have a list price of $6.5 billion, will begin in easyJet’s 2026 …
By David Lawder TORONTO (Reuters) -The United States is in talks with Canada and other allies to further restrict Moscow’s energy revenue by imposing a price cap on Russian oil, Treasury Secretary Janet Yellen said on Monday. “We are talking about price caps or a price exception that would enhance and strengthen recent and proposed …
U.S. in talks with allies on Russian oil price cap, says Yellen Read More »
(Reuters) -JetBlue Airways said Monday it had boosted its takeover offer for Spirit Airlines to $33.50 as it works to convince the ultra-low cost carrier to accept its offer over rival Frontier Airlines’ proposal. Spirit said last week it was in talks with JetBlue over its offer and expected to decide on the proposal by …
JetBlue sweetens offer for Spirit to $33.50 per share Read More »
(Reuters) -Mondelez International Inc said on Monday it will buy energy bar maker Clif Bar & Company for $2.9 billion to expand its global snack bar business. The Cadbury maker will also pay additional amounts to the sellers depending upon its earnings from Clif Bar, Mondelez said. The company said it will get the Clif, …
Mondelez to buy energy bar maker Clif Bar for $2.9 billion Read More »
By Pete Schroeder WASHINGTON (Reuters) – Large U.S. banks are optimistic they will receive a clean bill of health from the Federal Reserve this week, freeing them up to distribute billions of dollars in excess capital to investors. The central bank on Thursday will release the results of its annual bank “stress tests” which assess …
U.S. banks expect a clean bill of health after Fed’s stress tests Read More »
By Pete Schroeder WASHINGTON (Reuters) – The U.S. Federal Reserve will release the results of its annual bank health checks on Thursday. Under the “stress test” exercise established following the 2007-2009 financial crisis, the Fed tests banks’ balance sheets against a hypothetical severe economic downturn, the elements of which change annually. The results dictate how …
Explainer-What’s new with the Fed’s bank stress tests in 2022 Read More »
