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…
Tag: CYCS
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…
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…
French police to investigate vandalism behind internet outage
PARIS, April 27 (Reuters) – The Paris prosecutor’s office said it has opened a probe into the causes of a major internet outage which affected France’s telecommunications network on Wednesday following reports of coordinated acts of vandalism. The French Telecoms Federation said attacks of vandalism had impacted telecoms networks in several regions, including the Ile-de-France…
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…
Take Five: Recession talk justified? Follow the date
A deluge of data from across major economies comes at a pivotal moment in the debate over whether central banks are jacking up interest rates into a potentially sharp global growth slowdown. And with jittery investors dumping risk assets en masse, what comes next after a crypto-currency route is also in focus. Here’s your week…
Elon Musk says Twitter legal team told him he violated an NDA
Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register May 14 (Reuters) – Elon Musk on Saturday tweeted that Twitter Inc’s (TWTR.N) legal team accused him of violating a nondisclosure agreement by revealing that the sample…
US joins 55 nations to set new global rules for the internet
WASHINGTON, April 28 (Reuters) – The United States and 55 other nations on Thursday signed a political commitment to push rules for the internet that are underpinned by democratic values, at a time when the US has accused Russia of wielding internet disruptions as a part of its escalating attacks on Ukraine. The commitment, called…
Wall Street Week Ahead: Signs of market bottom elude investors after steep selloff
“Stock Exchange” is seen over an entrance to the New York Stock Exchange (NYSE) on Wall St. in New York City, US, March 29, 2021. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 13 (Reuters) – Investors are studying an array of indicators for clues on how much further…