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JetBlue becomes hostile to Spirit Airlines purchase after rejection
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). The New York-based carrier launched a hostile cash takeover bid for Spirit Airlines on Monday, two weeks after the low-cost carrier rejected an offer from its biggest rival. JetBlue, which […]
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Golden arches darken in Russia as McDonald’s quits after 30 years
May 16 (Reuters) – McDonald’s Corp (MCD.N) became one of the biggest global names to leave Russia on Monday, planning to sell all of 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 roughly 850 restaurants […]
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Goldman Sachs offers top bankers unlimited vacation days
Senior bankers will now be able to take as many vacation days as needed, Goldman Sachs (GS) said in a note to staff shared with CNN Business. And from next year, all staff “will be required to be away from work for at least 15 days” each year. Bankers who have not yet been appointed […]
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Ben Bernanke sees ‘stagflation’ coming
Standing in his kitchen one morning in Washington, DC, and drinking a glass of lightly flavored water, Ben Bernanke wears a gray suit, button-down shirt, no tie, and a pair of Brooks sneakers. He seems a far cry from his time at the Federal Reserve, where he chaired for eight years during what was – […]
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Stocks making the biggest moves in the pre-market: Spirit Airlines, Carvana, Warby Parker and more
Take a look at some of the biggest pre-market movers: Spirit Airlines (SAVE) – Spirit Airlines jumped 19.3% in premarket trading after JetBlue (JBLU) launched a $30-a-share takeover bid for its rival airline. Spirit had rejected a previous offer from JetBlue, preferring to keep a previously reached agreement to merge with Frontier Airlines’ parent company, […]
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After 32 years, McDonald’s plans to sell its business in Russia.
After more than three decades in Russia, McDonald’s – an icon of American lifestyle and capitalism – is selling off its Russian business as it seeks to exit the country altogether. The move is an important departure for a brand whose growth across the world has become the symbol of globalism and even the basis […]
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Goldman Sachs pushed staff back to the office. Now Wall Street bank is giving executives unlimited furlough
Goldman Sachs has become one of the strongest advocates of a post-pandemic return to the office this year, but the fight for talent could force the investment bank to buck the trend and offer employees more time away from work. their office instead. In an internal memo seen by the Financial Times, the investment bank […]
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Luna Foundation Guard remains with 313 Bitcoins after UST crash
Luna Foundation Guard remains with 313 Bitcoins after UST crashCoinDesk Ethereum co-founder says every ‘medium small miner’ affected by Terra stablecoin crash should be healed, cites FDIC $250,000 as ‘precedent’Yahoo finance Luna Foundation Guard has exhausted its $3 billion reserves in an attempt to save the UST, it revealsThe Crypto Block This is how the […]
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Executive compensation hits record high for sixth consecutive year in 2021
Executive compensation hit record high for sixth straight year in 2021 | Fortune You must enable JavaScript to view this site.
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Russia nationalizes Renault factory and revives Soviet-era Moskvitch car
Russia has nationalized a major factory that used to be owned by Renault and intends to use it to revive the famous Soviet-era Moskvitch car in what the French automaker has called a “responsible choice” for its thousands of workers. employees in Russia. The move appears to be the first major transfer of private assets […]