Reuters US Business

Spirit Airlines’ unions warn members of more pain amid second bankruptcy

By Doyinsola Oladipo and Allison Lampert NEW YORK (Reuters) – Unions for flight attendants and pilots working for Spirit Airlines are warning members of further pain during the budget carrier’s second bankruptcy in a year, as it steps up cost-cutting efforts, according to memos seen by Reuters. The Florida-based ultra-low-cost airline filed for bankruptcy protection …

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Analysts react to call between Trump and Xi over trade, TikTok

WASHINGTON (Reuters) – A phone call between U.S. President Donald Trump and Chinese leader Xi Jinping on Friday may have lowered the temperature between the superpowers, but it yielded little in the way of firm agreements and appeared to leave the fate of a TikTok deal unresolved, according to policy experts. Here are some expert …

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Newmont sells entire Orla stake for about $439 million in divestiture push

(Reuters) – Gold miner Newmont said on Friday it sold its stake in Orla Mining for $439 million through the Toronto Stock Exchange as part of its divestiture program. The company disposed of the entire 43 million shares it held in Orla Mining at $10.14 per share. Last year, Newmont announced plans to divest non-core …

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JPMorgan Chase hires two senior bankers to bolster consumer and retail investment team

(Reuters) – JPMorgan Chase has hired two managing directors to strengthen its consumer and retail investment banking unit, according to an internal memo seen by Reuters on Friday. Brian Esmond will join in Los Angeles from Centerview Partners. Bryan Fleming will be based in New York after leaving Bank of America, where he worked as …

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E-commerce firm Pattern valued at $2.4 billion as shares fall in Nasdaq debut

By Rishab Shaju and Prakhar Srivastava (Reuters) -E-commerce accelerator Pattern Group on Friday notched a valuation of $2.38 billion as its shares fell 3.6% in their Nasdaq debut, bucking the recent trend of strong first-day IPO performances. The Lehi, Utah-based company’s stock opened at $13.50, compared with its offer price of $14. Pattern and some …

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Citigroup taps Adam Inzirillo from Cboe for equities business

(Reuters) – Citigroup <C.N> has hired Adam Inzirillo from Cboe Global Markets to lead its cash and futures execution platform within the bank’s equities division, according to a person with knowledge of the matter. In his new role, Inzirillo will oversee Citi’s electronic execution platform, focusing on trading algorithms and direct market access offerings, the …

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US NHTSA delays new car rating updates for one year at industry request

By David Shepardson WASHINGTON (Reuters) -The U.S. auto safety regulator said on Friday it will delay changes to the five-star safety rating program that helps consumers make better car buying decisions after automakers sought more time. Last year, the National Highway Traffic Safety Administration said it was adding several features to its five-star New Car …

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Apple used AI to uncover new blood pressure notification feature in Watch

By Stephen Nellis SAN FRANCISCO (Reuters) – Apple Watch Series 11 models that go on sale on Friday can notify users that they may have high blood pressure, in a feature the company has powered using artificial intelligence rather than a blood pressure monitor. The notification feature, which will work with models back to the …

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How Canada’s Haisla became the world’s first Indigenous LNG owners

By Amanda Stephenson KITIMAT, Canada (Reuters) – When Maureen Nyce, the new chief of the Haisla First Nation, donned a hard hat and safety vest for an August visit to the site of the Cedar LNG pipeline, she did so not as a visiting dignitary or cultural emissary – but as an owner. The Haisla – who have occupied territory …

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