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BUSINESS - Page 5

In comments prepared for a House committee, the central bank leader warns that continued headway on inflation 'is not assured.'
In comments prepared for a House committee, the central bank leader warns that continued headway on inflation 'is not assured.'

Federal Reserve chair signals interest rate reduction later in 2024

In comments prepared for a House committee, the central bank leader warns that continued headway on inflation ‘is not assured.‘ In his remarks to the House financial services committee on Wednesday, Jerome
12 months ago
The agreement would have created the fifth-largest US carrier, but the judge said it would hurt customers by lowering competition.
The agreement would have created the fifth-largest US carrier, but the judge said it would hurt customers by lowering competition.

JetBlue Airways and Spirit Airlines cancel $3.8bn merger

The agreement would have created the fifth-largest US carrier, but the judge said it would hurt customers by lowering competition. Cancellation of Merger Agreement JetBlue Airways and Spirit Airlines have terminated their
12 months ago
Billions in private equity and corporate tariffs could be rolled back, along with what analysts say is a sop for child tax credits.
Billions in private equity and corporate tariffs could be rolled back, along with what analysts say is a sop for child tax credits.

US congressional tax deal: windfall for corporations

Billions in private equity and corporate tariffs could be rolled back, along with what analysts say is a sop for child tax credits. Criticism of Tax Breaks A congressional tax deal, hailed
12 months ago
A former official of the blank-check acquisition vehicle aimed at taking Donald Trump's social networking company public has launched a lawsuit to block the deal.
A former official of the blank-check acquisition vehicle aimed at taking Donald Trump's social networking company public has launched a lawsuit to block the deal.

Lawsuits and Controversy Surrounding Trump Media Company’s Merger

A former executive of the blank-check acquisition vehicle aiming to take Donald Trump’s social media company public has filed a lawsuit to halt the deal, citing concerns over inadequate compensation.  ARC Global
12 months ago
A new study finds cash from Biden’s $1.2tn infrastructure bill has overwhelmingly been spent on widening roads for automobiles.
A new study finds cash from Biden’s $1.2tn infrastructure bill has overwhelmingly been spent on widening roads for automobiles.

The dominance of highways in US infrastructure spending

A new study finds cash from Biden’s $1.2tn infrastructure bill has overwhelmingly been spent on widening roads for automobiles. Introduction: Despite efforts to address the US’s crumbling infrastructure, the focus on expanding
12 months ago
According to a finance ministry official, France was unaware of Microsoft's cooperation with tech firm Mistral AI.
According to a finance ministry official, France was unaware of Microsoft's cooperation with tech firm Mistral AI.

French Deny Prior Knowledge of Microsoft’s Partnership with Mistral AI

France had no prior knowledge of Microsoft’s partnership with tech startup Mistral AI, a finance ministry official told Reuters, denying suggestions that French lobbying for looser European AI rules had been on
12 months ago
A joint statement affirms the deal to work toward labor agreements on a 'constructive path forward.'
A joint statement affirms the deal to work toward labor agreements on a 'constructive path forward.'

Starbucks and workers united begin talks to reach labor agreements

A joint statement affirms the deal to work toward labor agreements on a ‘constructive path forward.’ In a significant development, Starbucks and the union representing its US workers have announced their intention
12 months ago
Viswas Raghavan was hired as Citigroup's new head of banking following a management restructuring at JPMorgan Chase.
Viswas Raghavan was hired as Citigroup's new head of banking following a management restructuring at JPMorgan Chase.

Citigroup Appoints Viswas Raghavan as Head of Banking

Citigroup appointed Viswas Raghavan as its new head of banking from JPMorgan Chase, where there has been a management reshuffle and business reorganization, according to the banks’ memos seen by Reuters on
12 months ago
Broadcom is on the verge of signing a $3.8 billion agreement to sell its EUC unit to private equity firm KKR.
Broadcom is on the verge of signing a $3.8 billion agreement to sell its EUC unit to private equity firm KKR.

Broadcom Nears $3.8 Billion Deal to Sell EUC Business to KKR

Broadcom, the prominent chipmaker, is on the brink of finalizing a $3.8 billion agreement to offload its end-user computing (EUC) business to private equity firm KKR, according to individuals familiar with the
12 months ago
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