(Reuters) -Spirit Airlines will suspend 40 routes in its November schedule and has hired former Amazon executive Andrea Lusso as vice president of network planning, according to a memo seen by Reuters. “These network changes include multiple routes that are seasonal or only operate on certain days of the week,” the low-budget carrier said in …
Spirit Airlines to halt 40 routes, hires ex-Amazon network executive Read More »
(Reuters) -The U.S. labor board has withdrawn its allegations that Apple CEO Tim Cook violated federal labor law and several other claims, Bloomberg News reported on Friday. The office of the general counsel of the National Labor Relations Board said it was withdrawing many of the claims in a complaint it had issued against Apple …
(Reuters) -The Nuclear Company said on Friday that it has signed a strategic agreement with U.S. steelmaker Nucor Corporation to boost the country’s nuclear power supply chain and support domestic manufacturing. TNC, a U.S. nuclear deployment company, said the companies will assess the use of NQA-1 steel and related infrastructure for gigawatt-scale nuclear reactors as …
The Nuclear Company announces partnership with Nucor to boost US nuclear power supply Read More »
By Davide Barbuscia NEW YORK (Reuters) -The risk that pressure from U.S. President Donald Trump could shift the Federal Reserve to an overly dovish stance is the main near-term concern for the U.S. dollar, said a senior executive at U.S. asset manager PGIM Fixed Income. Trump has relentlessly criticized Fed Chair Jerome Powell and the …
US dollar at risk if Trump can sway Fed to more dovish stance, says PGIM exec Read More »
(Reuters) -Crypto exchange Kraken is in advanced talks to secure fresh funding that could value the company at about $20 billion, Bloomberg News reported on Friday. The funding would include a commitment of $200 million to $300 million from a strategic investor, the report said, citing a person familiar with the discussions. A spokesperson for …
Kraken in talks to raise funds at $20 billion valuation, Bloomberg News reports Read More »
(Reuters) -The U.S. Federal National Mortgage Association, known as Fannie Mae, said on Friday that board member Karin Kimbrough resigned from her position on September 22. It did not provide additional details regarding the resignation. The Trump administration has been weighing initial public offerings of Fannie Mae and Freddie Mac for later this year, a …
Fannie Mae announces resignation of board member Read More »
NEW YORK/WASHINGTON (Reuters) -U.S. Securities and Exchange Commission workers should not be “anxious” about potential mass layoffs if the government shuts down next week, a top union official has told agency staff. SEC preparations for a possible government shutdown and its related communications with the union have been the same as in prior shutdowns, the …
U.S. SEC staff should not worry about shutdown layoffs, union says Read More »
By Milana Vinn (Reuters) -The private equity owners of real estate software provider MRI Software are exploring options for the company, including a potential sale or a public listing on a U.S. exchange, according to people familiar with the matter. Any deal for MRI Software, which could happen within the next 12 months, is expected …
(Refiles to remove duplicate 11th paragraph) By Waylon Cunningham (Reuters) -Starbucks’ Chief Technology Officer Deb Hall Lefevre resigned without a permanent replacement, according to an internal memo sent to corporate staff on Monday, seen by Reuters. The memo, written by Chief Financial Officer Cathy Smith, named Ningyu Chen, previously senior vice president of global experience …
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Vice Chair for Supervision Michelle Bowman reiterated on Friday that she believes decisive interest rate cuts are needed to ward off rising trouble in the job market. “Recent data show a materially more fragile labor market along with inflation that, excluding tariffs, has continued to hover …
Fed’s Bowman says decisive rate cuts needed to offset labor market risks Read More »
