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MEXICO CITY (Reuters) – Mexico has started a public consultation process to gather information on the functioning of the United States-Mexico-Canada trade agreement (USMCA), the government’s official gazette said on Wednesday. The evaluation is being carried out ahead of trade deal’s planned review, Mexican Economy Minister Marcelo Ebrard said in a video shared on his …

Mexico begins public consultation process for USMCA ahead of review Read More »

By Doyinsola Oladipo NEW YORK (Reuters) – Frontier Airlines CEO Barry Biffle said on Wednesday that the ultra-low-cost carrier model is “alive and well” in the U.S. amid claims from an industry peer that the model has failed.  The Denver-based airline said it is committed to becoming the leading low-fare carrier in the U.S. and …

Ultra low-cost model is ‘alive and well,’ Frontier Airlines CEO says Read More »

(Reuters) – Bank of America has raised its minimum hourly wage to $25 per hour across the United States, the lender said on Wednesday, fulfilling its 2021 pledge. The second-largest U.S. bank has increased its minimum hourly pay by nearly 67% since 2018. The company was most recently paying a minimum wage of $24 per …

BofA raises US minimum hourly wage to $25, delivering on 2021 commitment Read More »

NEW YORK (Reuters) -Ticket reseller StubHub on Tuesday priced its initial public offering at $23.50, within its marketed range of $22 to $25 per share, raising about $800 million and setting the stage for its long-awaited stock market debut. The New York-based company, led by co-founder Eric Baker, sold 34.04 million shares in its IPO, …

Ticket reseller StubHub raises about $800 million in US IPO Read More »

(Reuters) – Shares of Workday rose nearly 9% on Wednesday, after activist investor Elliott Management unveiled a stake of more than $2 billion in the company and backed its leadership. Workday has been pushing to stay competitive in a consolidating human resources software market, where integrating AI has become key to meeting shifting client needs. …

Workday rises after Elliott reveals $2 billion stake, endorses leadership Read More »

(Reuters) – Amazon.com said on Wednesday it is investing more than $1 billion to raise pay and lower healthcare costs for U.S. fulfillment and transportation employees, pushing up the average total compensation to over $30 an hour including benefits. The technology giant said the average pay would increase to more than $23 per hour, adding …

Amazon invests over $1 billion to raise employee pay, lower healthcare costs Read More »

By Anuja Bharat Mistry General Mills maintained its annual sales and profit forecasts on Wednesday, as the Cheerios maker grapples with rising economic uncertainty and softer demand in key markets, including North America. Rising consumer prices and a cooling U.S. labor market have squeezed household budgets, steering shoppers to cheaper private-label alternatives and pressuring packaged …

General Mills keeps annual outlook as North America demand softens Read More »

NEW YORK (Reuters) – Bank of America CEO Brian Moynihan said on Wednesday he is not leaving the bank in the short term, but added the company has to line up candidates with experience to run the company in the future, according to an interview on Bloomberg TV. “I’m not going anywhere in the short …

Bank of America CEO tells Bloomberg TV he is not leaving in short term Read More »