(Reuters) – Russian stock indexes returned to gains after a short-lived slide in early trade on Wednesday, shrugging off threats of new western sanctions in response to what Moscow calls “a special military operation” in Ukraine, while the rouble stabilised. Equities largely lost ground at the opening on reports that the United States and its …
Russian stocks shrug off threats of new sanctions, roubles steadies Read More »
MADRID (Reuters) – Luis Gallego, the Chief Executive of IAG, British Airways’ parent company, said on Wednesday a deal over the acquisition of Spanish airline Air Europa may take at least 18 months. “We have to decide on a calendar to take 100%, but I think it would take minimum 18 months,” Gallego said during …
IAG’s CEO says Air Europa deal may take at least 18 months Read More »
(Reuters) – Starbucks Corp’s general counsel, Rachel Gonzalez, was dismissed from her role as Howard Schultz returns to the chief executive position, according to a regulatory filing on Tuesday. Gonzalez will continue to serve as an adviser until she leaves the company on May 20, the filing said. (Reporting by Hilary Russ; Editing by Leslie …
Starbucks’ general counsel to leave as Schultz returns as CEO Read More »
By David Shepardson WASHINGTON (Reuters) – JetBlue Airways said Tuesday it made an unsolicited $3.6 billion bid for low-cost carrier Spirit Airlines on Tuesday, potentially snarling merger plans between Frontier Group Holdings and Spirit. Shares of Spirit rose 22%, their highest level since mid-February. Airline stocks have suffered as air travel fell-off dramatically during the …
JetBlue bids $3.6 billion for Spirit in U.S. low-cost carrier battle Read More »
By Hyunjoo Jin and Chris Prentice SAN FRANCISCO/NEW YORK (Reuters) -Did Elon Musk break U.S. securities laws again? Former securities officials and professors said Tesla Inc’s chief executive may have missed a key disclosure deadline and filed the wrong paperwork when he bought 9% of Twitter Inc, a platform regularly used by the outspoken billionaire. …
Analysis-Tesla’s Musk may add to U.S. SEC ire with late report about Twitter stake Read More »
By Lewis Krauskopf, Bansari Mayur Kamdar and Praveen Paramasivam (Reuters) – Wall Street’s main indexes fell on Tuesday, dragged by weakness in tech and other growth stocks, after comments from Federal Reserve Governor Lael Brainard spooked investors about potential aggressive actions by the central bank to control inflation. The tech-heavy Nasdaq posted its biggest daily …
Wall Street, tech shares stumble on fears of aggressive Fed Read More »
By Marianna Parraga (Reuters) – Cuba is struggling to cover a fuel deficit as imports from Venezuela and other countries remain below historical levels and global prices boosted by Russia’s invasion of Ukraine make purchases almost unaffordable, according to analysts and data. The Caribbean country, which is dependent on fuel imports mostly from political ally …
Cuba struggles to buy fuel as imports from Venezuela dwindle -data Read More »
By Marcela Ayres and Rodrigo Viga Gaier BRASILIA (Reuters) -Brazilian Economy Ministry official Caio Mario Paes de Andrade has emerged as a strong candidate to lead state-run oil company Petrobras, after energy consultant Adriano Pires declined the government’s nomination, a government official told Reuters on Tuesday. The source, who requested anonymity to comment on private …
Brazilian economic official a strong candidate to lead Petrobras, says source Read More »
FRANKFURT (Reuters) – Germany’s unlisted Boehringer Ingelheim said operating income rose 1.8% in 2021, driven by more prescriptions of diabetes drug Jardiance and demand for its veterinary drugs as people purchased pets during the pandemic. Family-owned Boehringer said in a statement on Tuesday that full-year operating income came in at 4.7 billion euros ($5.16 billion), …
Boehringer’s operating income edges up on Jardiance, animal health Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) -Activist investment firm Macellum Advisors GP LLC on Monday urged Kohl’s Inc to be more open about its sales process, urging the retailer to give bidders and shareholders a fuller financial picture of itself. The firm, in a letter to Kohl’s board, asked the company to say when it plans …
Macellum presses Kohl’s for more transparency in sales process Read More »
