CHICAGO/WASHINGTON, May 16 (Reuters) – JetBlue Airways Corp (JBLU.O) is not taking no for an answer in its quest to buy rival Spirit Airlines (SAVE.N). On Monday, the New York-based carrier launched a hostile all-cash takeover bid for Spirit Airlines, two weeks after the low-cost carrier rejected an offer from the larger rival. JetBlue, which…
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Golden arches to go dark in Russia as McDonald’s exits after 30 years
May 16 (Reuters) – McDonald’s Corp (MCD.N) on Monday became one of the biggest global names to exit Russia, laying out plans to sell all its restaurants after operating for more than 30 years in the country following its invasion of Ukraine. The world’s largest burger chain, which owns about 84% of its nearly 850…
FTX’s billionaire chief says bitcoin has no future as a payments network- FT
Bitcoin cryptocurrency representation is pictured on a keyboard in front of binary code in this illustration taken September 24, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register May 16 (Reuters) – Cryptocurrency exchange FTX’s founder has said that bitcoin has no future as a payments network and criticized the digital currency…
Asia stocks struggle after dire China data
Traders are seen in front of a screen with trading figures in red at Thailand Stock Exchange building in Bangkok, Thailand March 13, 2020. REUTERS/Juarawee Kittisilpa/Files Register now for FREE unlimited access to Reuters.com Register Asian stock markets: China retail sales dive 11.1%, output drops 2.9% Nikkei pairs gains, S&P 500 futures turn lower Dollar…
Detroit Three automakers reinstate mask mandate at some Michigan facilities
An assembly worker of Ford Motor works on an F-series pickup truck at the Dearborn Truck Plant in Dearborn, Michigan, US, January 26, 2022. REUTERS/Rebecca Cook/File Photo Register now for FREE unlimited access to Reuters.com Register May 15 (Reuters) – General Motors Co (GM.N), Ford Motor Co (FN) and Chrysler parent Stellantis NV (STLA.MI) said…
California regulator rejects desalination plant despite historic drought
COSTA MESA, Calif., May 12 (Reuters) – California regulators on Thursday rejected a $1.4 billion desalination plant on environmental grounds, dealing a setback to Governor Gavin Newsom, who had supported the project as a partial solution for the state’s sustained drought. The California Coastal Commission voted 11-0 to reject the proposal by Poseidon Water, controlled…
Google unveils new 10-shade skin tone scale to test AI for bias
A Google employee speaks at the company’s annual I/O developer conference at the Shoreline Amphitheater in Mountain View, California, US, May 11, 2022. Google/Jana Asenbrennerova/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register OAKLAND, Calif., May 11 (Reuters) – Alphabet Inc’s (GOOGL.O) Google on Wednesday unveiled a palette of 10 skin tones…
Musk says Starlink active in Ukraine as Russian invasion disrupts internet
SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, US, June 13, 2019. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register SAN FRANCISCO, Feb 26 (Reuters) – SpaceX billionaire Elon Musk said on…
Exclusive: US spy agency probes sabotage of satellite internet during Russian invasion, sources say
March 11 (Reuters) – Western intelligence agencies are investigating a cyberattack by unidentified hackers that disrupted broadband satellite internet access in Ukraine coinciding with Russia’s invasion, according to three people with direct knowledge of the incident. Analysts for the US National Security Agency, French government cybersecurity organization ANSSI, and Ukrainian intelligence are assessing whether the…
Exclusive: India’s Reliance to acquire dozens of brands in $6.5 billion consumer goods play
Customers buy grocery items inside a superstore of Reliance Industries Ltd, in Mumbai, India, October 7, 2020. REUTERS/Niharika Kulkarni/File Photo Register now for FREE unlimited access to Reuters.com Register India retail giant plans big push in consumer goods business Reliance in late-stage talks with 30 brands for deals-source Indian firm is hiring distributors, executives for…