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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…
EU aims to invest billions euros in chip push, EU’s Breton says
By Jan Strupczewski BRUSSELS – The European Union aims to invest tens of billions of euros to bolster its chip industry and double its share of global production to 20%, the bloc’s…
U.S. SEC approves new U.S. exchange with blockchain feed, faster settlement
By John McCrank NEW YORK -The U.S. Securities and Exchange Commission (SEC) late on Thursday approved the country’s 17th stock exchange, a subsidiary of Boston-based BOX Exchange, which will incorporate blockchain technology.…
Aeromexico reorganization plan confirmed after creditor deal
By Maria Chutchian NEW YORK – Aeromexico on Friday won court approval of its restructuring plan after the airline struck a deal with the remaining holdouts among its creditors, clearing the way…
Exclusive-Foreign banks face bigger capital bill under draft EU plan
By Huw Jones LONDON – Foreign banks based in the European Union may have to hold more capital and liquidity under revisions to rules being considered by the bloc’s member states, an…
Apple’s stock racks up biggest one-day gain since July 2020
By Akash Sriram and Subrat Patnaik – Apple Inc’s shares rallied nearly 7% on Friday in its biggest one-day percentage jump in a year and a half after the iPhone maker reported…
Chevron kicks off oil industry’s Q4 results with a miss
By Sabrina Valle HOUSTON – Chevron Corp on Friday reported a fourth quarter profit that missed Wall Street estimates and offered a weak outlook for this year’s oil and gas production, sending…
Caterpillar sales soar, warns of margin pressure
By Bianca Flowers and Uday Sampath Kumar – Caterpillar Inc topped Wall Street estimates with a fourth quarter revenue increase of more than 20 percent, but the heavy-equipment maker warned operating margins…
Dollar posts biggest weekly rise in 7 months on rate bets
By Herbert Lash NEW YORK -The dollar consolidated gains on Friday and posted its biggest weekly rise in seven months as markets priced in a year ahead of aggressive hikes in U.S.…
Activist hedge fund Elliott reveals stake in U.S. utility NiSource
– Activist investor Elliott Management disclosed its stake in NiSource on Friday and said it supported the company’s decision to name a new chief executive officer, sending shares in the utility to…
Union Pacific to buy 10 Caterpillar battery locomotives
By Bianca Flowers -Union Pacific Corp plans to buy 10 battery locomotives from Caterpillar Inc, Caterpillar Chief Financial Officer Andrew Bonfield said on Friday, as the rail company moves away from diesel…
Mexico’s finance ministry says talk of ‘technical recession’ imprecise
By Anthony Esposito and Noe Torres MEXICO CITY – Mexico’s Deputy Finance Minister Gabriel Yorio said on Friday that talk of a “technical recession” in the country doesn’t take into account coronavirus-related…
U.S. corporate bond spreads widen as investors de-risk on hawkish Fed
By Davide Barbuscia NEW YORK – Investors sold U.S. corporate high-yield and investment-grade bonds on Friday, moving in step with weakness in equity markets and in a sign of risk aversion amid…
Argentina strikes breakthrough deal with IMF in $45 billion debt talks
By Agustin Geist, Nicolás Misculin and Adam Jourdan BUENOS AIRES -Argentina has struck an agreement in principle with the International Monetary Fund over a new $44.5 billion standby deal, both sides said…
Analysis-Argentina traders cheer IMF breakthrough, caution long road ahead
By Marc Jones and Walter Bianchi LONDON/BUENOS AIRES – Argentina’s breakthrough agreement with the International Monetary Fund for a $44.5 billion new deal should bolster domestic markets in the weeks ahead, investors…
Fed’s matchmaker fear: Flatlining economy meets higher interest rates
By Howard Schneider WASHINGTON – The Federal Reserve plans to raise interest rates in March on the assumption the U.S. economy will largely steer clear of fallout from the Omicron variant of…
Berkshire Hathaway says it has added 12,000 jobs
By Jonathan Stempel – Berkshire Hathaway Inc, run by billionaire Warren Buffett, said on Friday its workforce has grown by about 12,000, recovering some jobs it lost earlier in the COVID-19 pandemic.…
U.S. FAA says Verizon, AT&T can turn on more towers for 5G deployment
By David Shepardson WASHINGTON – The U.S. Federal Aviation Administration (FAA) said Friday it has agreed that Verizon Communications and AT&T can safely turn on more towers for C-Band 5G deployment. The…
Italian tycoons break up Generali pact to avoid regulatory scrutiny
MILAN – Francesco Gaetano Caltagirone has quit a pact with fellow Generali investor Leonardo Del Vecchio which the two Italian magnates had struck to challenge the insurer’s top shareholder Mediobanca, a letter…
U.S. FCC announces over $1.2 billion for rural broadband in 32 states
– The United States Federal Communications Commission said on Friday it was going to authorize over $1.2 billion for rural broadband in 32 states. (Reporting by Kanishka Singh in Bengaluru; editing by…
Canada budget deficit shrinks over first eight months of 2021/22
OTTAWA, Jan 28 – Canada recorded a much smaller budget deficit in the first eight months of fiscal 2021/22 compared to the same period a year ago, as the costs of the…
Weaker U.S consumer spending, rising inflation pose dilemma for Fed
By Lucia Mutikani WASHINGTON – U.S. consumer spending fell in December, suggesting the economy lost speed heading into the new year amid snarled supply chains and raging COVID-19 infections, while annual inflation…
Staying put but splurging: China’s hotels, restaurants to see Lunar New Year boost
By Sophie Yu and Ryan Woo BEIJING – Hotels and restaurants in China’s big cities are bracing for a rush of guests over the Lunar New Year as people forced by COVID-19 curbs…
Barilla serves up new premium pasta to keep up with consumer tastes
MILAN – Barilla, the world’s biggest pasta maker, is moving upmarket with a new high-end pasta range that aims to keep up with consumer tastes for premium quality foods. The 145-year old…
European shares end fourth week lower with tech, autos slammed
By Anisha Sircar -European shares fell on Friday, with the STOXX 600 index down for the fourth straight week as auto and technology stocks led declines amid the prospect of higher interest…
AT&T Mexico says govt should limit America Movil’s market concentration – paper
MEXICO CITY – AT&T’s top executive in Mexico has urged the government to place limits on its telecom rival America Movil and keep it out of new markets to ensure fair competition,…
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