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Jersey Mike’s names Betsy Mercado as first chief people officer
Manasquan, NJ – Jersey Mike’s Subs has appointed Betsy Mercado as the company’s first-ever Chief People Officer, a newly created role aimed at guiding the brand’s people strategy as it accelerates nationwide…
AFL-CIO strongly backs U.S. House bill on China competition, chips
By David Shepardson WASHINGTON -The largest U.S. labor organization said Monday it strongly supported a U.S. House of Representatives bill designed to improve competition with China, boost U.S. semiconductor production and reform…
Melvin Capital’s Plotkin eyes new cash after year of double-digit losses
By Svea Herbst-Bayliss -Melvin Capital, the hedge fund that lost nearly $7 billion early last year by betting stocks like GameStop would tumble, wants to raise money for a new portfolio, according…
Exclusive-Televisa, Univision to launch Spanish-language streaming platform in first half
By Cassandra Garrison MEXICO CITY – Mexican broadcast powerhouse Grupo Televisa and U.S. based Univision are preparing to launch what would be the biggest Spanish-language streaming platform in the world in the…
Elliott, Vista Equity take Citrix private in $16.5 billion deal
By Chavi Mehta and Krystal Hu -Software company Citrix Systems said on Monday it would be taken private for $16.5 billion including debt by affiliates of Elliott Management and Vista Equity Partners,…
Fed sees March rate hike, but no roadmap after that
By Jonnelle Marte, Howard Schneider and Ann Saphir – Federal Reserve policymakers say they’ll raise interest rates in March but spoke cautiously on Monday about what might follow, signaling a desire to…
Lockheed selects Alabama and Georgia for next-gen air tanker plants
By Mike Stone WASHINGTON -Lockheed Martin on Monday announced that a future U.S. Air Force midair refueling tanker would be made in Alabama and Georgia, potentially creating 1,300 new jobs between the…
Mexico’s economy enters technical recession as GDP contracts again
By Anthony Esposito and Miguel Gutierrez MEXICO CITY -Mexico’s economy contracted for a second straight quarter in the last three-month period of 2021, according to official data published on Monday, putting it…
German inflation eases in January but not enough for real relief
BERLIN -German annual inflation slowed in January but was still higher than expected by analysts and well above the European Central Bank’s price stability target of 2% for the euro zone as…
Dollar slides as recent rally takes a pause, may have seen short-term peak
By Gertrude Chavez-Dreyfuss NEW YORK -The U.S. dollar fell on Monday, posting its largest daily fall since last November as investors consolidated gains after hitting a 1-1/2-year high on Friday on expectations…
U.S. Treasury economist sees inflation pressures easing if pandemic recedes
WASHINGTON – U.S. inflationary pressures should ease in 2022 due to weaker demand for goods, easing supply bottlenecks and a receding coronavirus pandemic, the U.S. Treasury’s top economist said on Monday. In…
Fed’s Barkin says pace of U.S. rate hikes depends on inflation
By Ann Saphir – How fast and far the U.S. Federal Reserve will raise interest rates once it begins doing so in March will depend on what happens with the economy and,…
Oil posts biggest monthly gain in a year on tight supply, political tensions
By Stephanie Kelly NEW YORK – Oil prices rose on Monday to end January with their biggest monthly gain in a year, boosted by a supply shortage and political tensions in Eastern…
Jamaica digital currency due for national roll-out in coming months – central bank
By Kate Chappell KINGSTON – Jamaica will roll out its digital currency across the country in the first quarter of this year as part of an effort to lower transaction costs and…
Italy’s Treasury pushing for CEO change at Monte dei Paschi -sources
By Giuseppe Fonte and Valentina Za ROME -Italy’s Treasury is pushing for a change at the helm of Monte dei Paschi (MPS) of which it owns 64%, as the bailed-out lender prepares…
Credit Suisse unveils new wealth management structure with Huber COO
ZURICH – Credit Suisse Wealth Management division’s new boss Francesco De Ferrari has laid out a new structure from March 1 that revamps its business areas for Europe and Latin America and…
HeidelbergCement fourth-quarter earnings gain beats market view
FRANKFURT – A better than expected increase in fourth-quarter sales and earnings prompted HeidelbergCement to release some results ahead of schedule on Monday. Citing preliminary figures, the German cement maker said quarterly…
Fed’s Daly supports rate liftoff in March, wants options open on rate path
-The U.S. Federal Reserve should start raising interest rates from near zero in March, but should keep its options open on how far to raise them after that, San Francisco Federal Reserve…
Inflation expectations stable, faster price rises may be easing -Fed data
By Howard Schneider and Jonnelle Marte – Data watched closely by the Federal Reserve showed inflation expectations remained broadly anchored through the end of last year, while an alternate measure of inflation…
Fed’s George: aggressive balance sheet reduction may allow for fewer rate hikes
By Jonnelle Marte -The Federal Reserve can move sooner to start reducing its bond holdings than in the past and aggressive action to shrink the U.S. central bank’s portfolio could allow it…
Qatar Airways to order up to 50 Boeing 737 MAX -source
– Qatar Airways is set to place a provisional order for up to 50 Boeing 737 MAX jets as part of a potential 100-plane, $30-billion-plus package to be signed in Washington on…
Stellantis could axe 1,400 jobs in France, say union sources
PARIS -Automaker Stellantis could cut up to 1,400 jobs in France this year as it continues to adapt to a changing industry, three union sources said a day before management and unions…
Boeing says Ukraine tensions creating ‘adverse climate’ for business
-Boeing Co said on Monday the ongoing tensions between the United States and Russia over Ukraine were creating an “adverse climate” for its business and threatening to disrupt its supply chain. Boeing…
Spice Company CEO That Called Republicans Racist Begs Customers To Buy Gift Cards
A national spice retail company that called Republicans racist earlier in January began to ask people to purchase gift cards after the company lost thousands of customers, multiple sources reported. Penzeys Spices…
Union battle unfolds at GM in Mexico ahead of workers’ vote
By Daina Beth Solomon MEXICO CITY – More than 6,000 General Motors workers in Mexico will elect a new union this week as an upstart group supported by international activists aims to…
Cardinal Health to pay $13 million to resolve U.S. kickback case
By Nate Raymond BOSTON -Drug distributor Cardinal Health Inc has agreed to pay more than $13 million to resolve allegations it gave doctors kickbacks to buy pharmaceutical products paid for by federal…
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