US seeks to block JetBlue’s Spirit Airlines deal at trial
By Nate Raymond BOSTON (Reuters) -The U.S. argued on Tuesday that JetBlue Airways’ planned $3.8 billion acquisition of ultra-low-cost carrier…
Month: October 2023
Pfizer looks beyond COVID after quarterly loss on Paxlovid charge
By Bhanvi Satija and Michael Erman (Reuters) – Pfizer on Tuesday urged investors to focus on growth in non-COVID products…
Caterpillar shares fall on equipment demand concerns despite earnings beat
By Bianca Flowers and Shivansh Tiwary (Reuters) -Caterpillar reported a double-digit rise in profit on Tuesday, beating Wall Street estimates…
China to develop Xinjiang free trade zone despite Western sanctions
By Joe Cash BEIJING (Reuters) – China on Tuesday set out plans to develop a free trade zone in its…
Biden administration aims to cut AI risks with executive order
By Jeff Mason, Trevor Hunnicutt and Alexandra Alper (Reuters) -U.S. President Joe Biden is seeking to reduce the risks that…
US says fine warranted in Southwest Airlines holiday meltdown
By David Shepardson (Reuters) -The U.S. Transportation Department told Southwest Airlines a civil fine is warranted over the airline’s December…
From Amazon to McDonald’s, strong earnings show U.S. consumer resilience
By Ananya Mariam Rajesh and Aishwarya Venugopal (Reuters) – In a strong quarter for earnings, the big consumer stocks have…
UAW expands GM walkout after deal to end Stellantis strike
By David Shepardson and Joseph White (Reuters) -The United Auto Workers on Saturday expanded its strike against General Motors to…
Israel shows images of tanks in Gaza as war on Hamas militants deepens
By Dan Williams and Nidal al-Mughrabi JERUSALEM/GAZA (Reuters) -Israel signalled intent to encircle Gaza’s main city on Sunday, publishing pictures…
Two Sigma tells clients of $620 million in unexpected gains, losses -WSJ
(Reuters) – Hedge fund Two Sigma Investments has told clients of $620 million in unexpected gains and losses which resulted…