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: TOPCMB
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…
China’s economy skids as lockdowns hit factories, retailers
April industrial output unexpectedly falls y/y April retail sales falls faster than expected Nationwide jobless rate highest since Feb 2020 Fixed asset investment growth slower than f’cast BEIJING, May 16 (Reuters) – China’s retail and factory activity fell sharply in April as wide COVID-19 lockdowns confined workers and consumers to their homes and severely disrupted…
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…
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…
Texas grid operator calls for power conservation as temperatures, prices soar
An electrical substation is seen after winter weather caused electricity blackouts in Houston, Texas, US February 20, 2021. REUTERS/Go Nakamura/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register HOUSTON, May 13 (Reuters) – The state of Texas’ power-grid operator on Friday called on residents to cut their electricity use this weekend after…
Russia downed satellite internet in Ukraine -Western officials
US: Russian hack aimed at disrupting Ukrainian communications UK: Hack was ‘deliberate and malicious’ EU: Attack on Viasat caused ‘indiscriminate’ outages Russia routinely denies it carries out cyberattacks NEWPORT, Wales, May 10 (Reuters) – Russia was behind a massive cyberattack against a satellite internet network that took tens of thousands of modems offline at the…
EXCLUSIVE Maker of Walmart, Amazon store-brand infant formulas expects shortages through rest of 2022
NEW YORK, May 13 (Reuters) – Perrigo Company PLC (PRGO.N), which makes store-brand baby formulas for retailers including Walmart Inc (WMT.N) and Amazon.com Inc (AMZN.O) expects shortages and heightened demand to last for the “balance of the year,” said CEO Murray Kessler in an interview with Reuters. Perrigo’s formula manufacturing facilities in Ohio and Vermont…
Mercedes-Benz issues ‘do not drive’ recall for 292,000 US vehicles
WASHINGTON, May 12 (Reuters) – Mercedes-Benz’s (MBGn.DE) US unit said on Thursday it is recalling 292,000 ML, GL and R-Class vehicles from the 2006 through 2012 model years over braking issues and urged owners to stop driving immediately . The National Highway Traffic Safety Administration (NHTSA) said the German automaker was issuing a voluntary “do…
Twitter CEO says two leaders to depart, hiring paused amid Musk takeover
May 12 (Reuters) – Two senior Twitter (TWTR.N) leaders who oversee the consumer and revenue divisions will depart the social media company, Chief Executive Officer Parag Agrawal told employees in a memo on Thursday, in one of the biggest shake-ups at the company since billionaire Elon Musk announced he would buy it for $44 billion….