By Curtis Williams HOUSTON (Reuters) -U.S. liquefied natural gas exports fell in May due to plant outages and maintenance at the country’s largest export facility, preliminary LSEG ship tracking data show. The U.S. is the world’s largest LNG exporter and monthly changes in production can impact global LNG prices. In May the U.S. exported 8.9 …
US LNG exports declines in May from April’s record Read More »
PANAMA CITY (Reuters) -Chiquita Panama’s administrative staff have left the country and the firm will seek authorization from the government to sack its remaining personnel in Panama, the nation’s labor minister said on Monday. The news comes after the company fired some 5,000 workers of a total of 6,500 employees nationwide last month in response …
Chiquita Panama to lay off remaining workers after management leaves country Read More »
(Reuters) -21Shares US said on Monday it will carry out a 3-for-1 share split of its ARK 21Shares Bitcoin ETF to make the fund more accessible to investors, with the move set to take effect at market open on June 16. The approval of such spot bitcoin ETFs in January 2024 by the U.S. Securities …
ARK 21Shares Bitcoin ETF to undergo 3-for-1 share split on June 16 Read More »
By Jonathan Stempel (Reuters) -Google agreed to spend $500 million over 10 years to overhaul its compliance structure, to settle shareholder litigation accusing the search engine company of antitrust violations, settlement papers show. The preliminary settlement of so-called derivative litigation against officials at Google parent Alphabet, including Chief Executive Sundar Pichai and Google co-founders Sergey …
Google to spend $500 million revamping compliance in shareholder settlement Read More »
(Reuters) -The National Transportation Safety Board will hold a June 24 hearing to determine the probable cause of a mid-air cabin panel blowout of a new Boeing 737 MAX 9 flight in January 2024 that spun the planemaker into a major crisis. The board said Monday it will hold the hearing into the Alaska Airlines …
By Amina Niasse NEW YORK (Reuters) -UnitedHealth Group’s new CEO Steve Hemsley on Monday told shareholders he was determined to earn back their trust after its surprising earnings shortfall earlier this year, saying the company was evaluating trends in medical costs and how that will affect its future performance. Hemsley replaced Andrew Witty as chief …
New UnitedHealth CEO vows to restore shareholder trust Read More »
By Arasu Kannagi Basil and Ateev Bhandari (Reuters) -Circle Internet said on Monday it was targeting a valuation of up to $7.2 billion on a fully diluted basis in its upsized U.S. initial public offering, underscoring growing momentum in the stablecoin market. The upsized IPO indicates strong investor appetite for crypto firms. U.S. President Donald …
Stablecoin issuer Circle targets $7.2 billion valuation in upsized US IPO Read More »
By Dietrich Knauth NEW YORK (Reuters) -The Trump administration on Monday asked a U.S. appeals court to pause a second court ruling that found the president had exceeded his authority by imposing sweeping tariffs on imports, saying the decision jeopardizes trade negotiations with other nations. Trump’s tariffs were first declared illegal by the Manhattan-based U.S. …
Trump administration seeks pause of second tariff case after loss Read More »
(Reuters) – Morgan Stanley is shopping a $5 billion debt package for Elon Musk’s xAI and the artificial intelligence company is seeking a valuation of $113 billion in a share sale worth $300 million, according to media reports on Monday. The debt sale, launched Monday, includes a term loan B, a fixed-rate term loan and …
NEW DELHI (Reuters) – JetBlue Airways CEO Joanna Geraghty said on Monday the company’s partnership with United Airlines would not lead to a merger between the two carriers. The two companies last week announced a collaboration that allows travelers to book flights on both carriers’ websites, while interchangeably earning and using points in their frequent …
JetBlue not pursuing merger with United Airlines, says CEO Read More »
