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: MTPIX
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…
Shanghai aims for June 1 return to normal as COVID lockdown batters economy
Shanghai aims to lift COVID lockdown on June 1 City’s residents frustrated with shifting schedules China’s retail sales, industrial output plunge in April SHANGHAI/BEIJING, May 16 (Reuters) – Shanghai set out plans on Monday for the end of a painful COVID-19 lockdown that has lasted more than six weeks, heavily bruising China’s economy, and for…
Shanghai aims to reopen more businesses shut by COVID, Beijing battles on
Shanghai malls, shops to gradually resume in-store operations Some Beijing districts extend work-from-home guidance Shanghai lockdown frustrates, infuriates residents Curbs have rattled global supply chains SHANGHAI/BEIJING, May 15 (Reuters) – Shanghai will gradually begin reopening businesses such as shopping malls and hair salons in China’s financial and manufacturing hub from Monday after weeks in strict…
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…
Deutsche Bank not financing controversial African oil pipeline, source says
FRANKFURT, May 15 (Reuters) – Deutsche Bank (DBKGn.DE) is not financing a pipeline in Africa that environmental campaigners have said will displace thousands of families and disrupt nature reserves, a person with knowledge of the matter said on Sunday. Germany’s largest lender has come under pressure to clarify its stance on the financing of the…
Italy prevents pro-Russian hacker attacks during Eurovision contest
Spectators watch the final of the 2022 Eurovision Song Contest in Turin, Italy, May 14, 2022. REUTERS/Yara Nardi Register now for FREE unlimited access to Reuters.com Register MILAN, May 15 (Reuters) – Italian police warned hacker attacks by pro-Russian groups during the May 10 semi-final and Saturday final of the Eurovision Song Contest in Turin,…
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…