By Terje Solsvik and Stine Jacobsen OSLO (Reuters) – The Swedish government will not inject new capital into loss-making airline SAS and does not aim to be a long-term shareholder in the company, Industry Minister Karl-Petter Thorwaldsson told a news conference on Tuesday. Part-owned by Sweden and Denmark, the airline last week said it had …
Airline SAS will get no more cash from Swedish government Read More »
(Reuters) – Pizza Hut’s Russian franchise has been bought by Noi-M for 300 million roubles ($4.92 million), Russian business daily Kommersant reported on Tuesday. Noi-M is linked to Russian restaurant group Rosinter, which operates the Russian franchises of Costa Coffee and T.G.I. Friday’s. Pizza Hut’s 50 Russian stores are to be rebranded, though the new …
Pizza Hut’s Russian franchise bought by local operator -Kommersant Read More »
BERLIN (Reuters) – Deutsche Bank has relocated several hundred Russian IT experts to Berlin, offering all employees of its Russian tech center a job in Germany, the Handelsblatt newspaper reported on Monday, citing sources close to the matter. A mid-three-digit number of the Russian technology center’s total of about 1,500 programmers have come to Germany, …
Deutsche Bank brings several hundred Russian IT experts to Germany – Handelsblatt Read More »
By Rajesh Kumar Singh, David Shepardson and Anirban Sen CHICAGO/WASHINGTON/NEW YORK (Reuters) -JetBlue Airways Corp on Monday improved its offer for Spirit Airlines Inc, intensifying the bidding war for the ultra-low-cost-carrier whose shareholders are due to vote this week on a merger agreement with Frontier Group Holdings Inc. JetBlue increased its reverse break-up fee by …
Bidding war for Spirit Airlines heats up; JetBlue sweetens offer Read More »
NEW YORK (Reuters) -Hedge funds AQR and Citadel posted rises in their flagship portfolios last month that outpaced the broader stock market’s double digit losses. Citadel’s multi-strategy Wellington fund had a modest rise in May and now boasts gains of 13% for the year. Ken Griffin’s Citadel told investors that the fund inched up 0.23% …
Citadel, AQR’s flagship portfolios far outpacing broader stock market Read More »
(Reuters) – The U.S. Securities and Exchange Commission (SEC) is preparing to propose big changes to the stock market that could reshape how it operates, the Wall Street Journal reported on Monday, citing people familiar with the matter. Staffers at the SEC have begun floating plans with market participants in recent weeks, with Chairman Gary …
U.S. SEC gets ready to propose changes to stock market operations – WSJ Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended a choppy session slightly higher on Monday, helped by gains in Amazon.com and other mega-cap growth shares, while persistent worries over inflation and interest rates kept a lid on the market. Shares of Amazon.com Inc rose 2% and were the biggest positive for the S&P …
Wall Street ends up with growth stocks, but inflation fears linger Read More »
WASHINGTON (Reuters) – Facebook parent Meta Platforms Inc has named a company vice president as chief information security officer (CISO), the first person to fill that role at the social media company. Guy Rosen, who has been at Facebook since 2013 and most recently led the company’s product safety and integrity efforts, said on Twitter …
Meta names Guy Rosen chief information security officer Read More »
(Reuters) – Bitcoin rose 5.2% to $31,441.76 at 2000 GMT on Monday, adding $1,552.78 to its previous close. The world’s biggest and best-known cryptocurrency is down 34.8% from the year’s high of $48,234 on March 28. Ether, the coin linked to the ethereum blockchain network, rose 3.17% to $1,862.14 on Monday, adding $57.16 to its …
WASHINGTON (Reuters) – The U.S. Federal Reserve announced on Monday it would publish the results of its annual stress test of the nation’s largest banks on June 23. The results of the test, which examines how big bank portfolios would perform under a hypothetical downturn, are closely watched by investors, as they inform how much …
Federal Reserve to release 2022 bank stress results on June 23 Read More »
