By Joanna Plucinska and Ilona Wissenbach LONDON (Reuters) -Europe’s largest tour operator TUI aims to raise the profit margin for its markets and airline unit to more than 3% in the medium term, it said on Tuesday, compared to a margin of 1.5% in 2024. Last month, weak results and sluggish bookings data raised concerns …
TUI aims for 3% profit margin for its airline business in medium term Read More »
By Mike Stone WASHINGTON (Reuters) – The U.S. Navy is expected to announce this week who will build its next-generation carrier-based stealth fighter – a program worth hundreds of billions over its lifetime and a key part of plans to confront China, people familiar with the decision said. The F/A-XX program is one of several …
By Timothy Gardner and Marianna Parraga WASHINGTON/HOUSTON (Reuters) -U.S. President Donald Trump on Monday issued an executive order declaring that any country buying oil or gas from Venezuela will pay a 25% tariff on trades with the U.S., while his administration extended a deadline for U.S. producer Chevron to wind down operations in the South …
Trump to hit Venezuelan oil buyers with tariff, extends Chevron’s wind down Read More »
By Hyunjoo Jin and Heekyong Yang SEOUL (Reuters) -Samsung Electronics said on Tuesday that co-CEO Han Jong-hee had died of a heart attack, leaving newly-appointed boss Jun Young-hyun solely in charge of the tech giant as it revamps its underperforming chip business and navigates trade uncertainties. Han, 63, became chief executive officer of South Korea’s …
Samsung Electronics co-CEO Han Jong-hee dies, leaving new appointee in charge Read More »
By Anna Tong, Max A. Cherney, Stephen Nellis SAN FRANCISCO (Reuters) -Quantum computing startup PsiQuantum is raising at least $750 million at a $6 billion pre-money valuation, according to two people familiar with the matter. BlackRock is leading the fundraising effort, which has not yet been completed, one of the people said. Unlike some quantum …
By Shariq Khan NEW YORK (Reuters) – The Colonial Pipeline on Monday asked the U.S. Federal Energy Regulatory Commission to reject shippers’ protests over proposed changes to how it moves gasoline, arguing that the modifications are in line with industry practices and within Colonial’s authority. Oil majors Exxon Mobil, Chevron Corp and BP Plc, among …
Colonial Pipeline responds to protests over proposed gasoline shipment changes Read More »
(Reuters) -The U.S. Treasury department is preparing recommendations for streamlining some banking regulators, Semafor reported on Monday, as it seeks a stronger role in the oversight of the country’s biggest lenders. The recommendations could impact the Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation, the report said, citing three people familiar …
US Treasury department prepares to streamline banking regulators, Semafor reports Read More »
NEW YORK (Reuters) – Cybersecurity company Rapid7 on Monday said it has reached an agreement with activist investor Jana Partners to add three new directors to its board, including one of the hedge fund’s partners. The Boston-based company named Wael Mohamed, Mike Burns and Kevin Galligan as new directors. Its board currently has eight members. …
Rapid7 adds three new board directors in settlement with Jana Partners Read More »
WASHINGTON (Reuters) -Boeing is seeking to withdraw an agreement to plead guilty in a criminal case that blamed the company for deceiving regulators before two deadly crashes of 737 MAX jets, the Wall Street Journal reported on Monday. A U.S. judge in December rejected the deal, faulting a diversity and inclusion provision, and Boeing and …
Boeing seeks to withdraw guilty plea deal in deadly crashes of 737 MAX jets, WSJ reports Read More »
By Arsheeya Bajwa (Reuters) – Dun & Bradstreet has agreed to be acquired by private-equity firm Clearlake Capital for $4.1 billion, the data and analytics provider said on Monday, putting an end to its second stint as a public company after its stock-market listing more than four years ago. Shares of the 184-year-old company rose …
PE firm Clearlake to buy Dun & Bradstreet for $4.1 billion in cash Read More »
