Dec 16 (Reuters) – Bankrupt Spirit Aviation Holdings is in discussions to merge with Frontier Group Holdings, Bloomberg News reported on Tuesday, citing people familiar with the matter. Spirit has long pursued a merger with Frontier. The two carriers have been in discussions since at least 2022, yet a definitive agreement has remained out of …
Spirit and Frontier Airlines eye merger, Bloomberg News reports Read More »
By Puyaan Singh and Michael Erman Dec 16 (Reuters) – Pfizer said on Tuesday the next few years will be bumpy, beginning with 2026, due to lower sales of its COVID vaccine and treatment, price cuts promised to the U.S. government, and the expiration of patents on key drugs. The stock fell 5.2% on Tuesday. …
Pfizer faces challenging years on fading COVID sales, margin pressure Read More »
By David Shepardson WASHINGTON, Dec 16 (Reuters) – A U.S. House of Representatives committee on Thursday plans to vote on legislation aiming to prevent aviation disruptions during government shutdowns by ensuring air traffic controllers and other key workers are paid. The House Transportation and Infrastructure Committee said Tuesday it also plans to vote on legislation this …
US House panel sets vote on paying air traffic controllers during shutdowns Read More »
By Lisa Baertlein LOS ANGELES, Dec 16 (Reuters) – The nation’s busiest seaport handled 11.5% less import volume in November than in the year-ago month after shippers built early inventories to avoid President Donald Trump’s tariffs on goods such as toys, auto parts and metal furniture, Gene Seroka, executive director of the Port of Los …
Dec 16 (Reuters) – U.S. homebuilder Lennar missed Wall Street’s estimates for fourth-quarter profit on Tuesday, as affordability pressures continued to weigh on homebuying demand, sending the company’s shares down more than 4% in after-hours trading. Co-CEO Stuart Miller said that while interest rates edged lower during the reported quarter, the housing market remained under …
Lennar posts weak quarterly profit as homebuying demand dips Read More »
By Ross Kerber Dec 16 (Reuters) – A new White House order aiming to rein in proxy advisory firms marks a major step in a broader Republican effort to weaken the role of investors and put more power in the hands of CEOs, corporate governance analysts and attorneys said. U.S. President Donald Trump told the …
New Trump order reining in proxy advisers could weaken shareholder rights Read More »
(Corrects potential market value in paragraph 1 and headline to $39.5 billion from $55 billion, in Dec. 8 story) By Arasu Kannagi Basil Dec 8 (Reuters) – Medical supplies giant Medline said on Monday it was targeting an up to $39.5 billion valuation in its hotly anticipated U.S. initial public offering that is expected to …
Medical supply firm Medline targets $39.5 billion valuation in blockbuster IPO (Dec. 8) Read More »
By David Shepardson WASHINGTON, Dec 16 (Reuters) – A group of 16 states and the District of Columbia sued the U.S. government on Tuesday after President Donald Trump’s administration suspended two grant programs for electric vehicle charging infrastructure. California Attorney General Rob Bonta said Trump’s Department of Transportation has refused to approve any new funding …
16 US states sue federal government after Trump suspends EV charging programs Read More »
Dec 16 (Reuters) – Jared Kushner’s investment firm Affinity Partners has withdrawn from the takeover battle for Warner Bros Discovery, Bloomberg News reported on Tuesday, citing a representative for the firm. (Reporting by Kritika Lamba in Bengaluru; Editing by Alan Barona)
By Anirban Sen NEW YORK, Dec 16 (Reuters) – Round-the-clock trading is fast approaching U.S. stock markets, but not all of Wall Street is embracing the move. Several of the largest U.S. banks are reluctant to push aggressively into enabling round‑the‑clock stock trading, even as equity markets are marching toward a broad rollout of nearly nonstop …
Wall Street banks prepare for round-the-clock stock trading, reluctantly Read More »
