By Jonathan Stempel (Reuters) – Lucid Group Inc on Wednesday won the dismissal of a lawsuit accusing the luxury electric car maker of defrauding investors in the special-purpose acquisition comp[...]
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January 12, 2023
JPMorgan names Anu Aiyengar sole head of global M&A
By Anirban Sen NEW YORK (Reuters) -JPMorgan Chase & Co on Thursday named Anu Aiyengar as the sole head of its global mergers and acquisitions (M&A) franchise after co-head Dirk Albersmeier ste[...]
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Sandwich chain Subway eyes sale- source
(Reuters) – Sandwich chain Subway is exploring a sale of its business, a source told Reuters on Wednesday. The sale could value the sandwich chain at more than $10 billion, the Wall Street Journ[...]
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JPMorgan shuts down financial planning website Frank after suing founder
(Reuters) -JPMorgan Chase & Co on Thursday shut down its Frank website, a college financial planning platform it bought in 2021, after suing the startup’s founder and another executive for c[...]
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Tesla delays plans to expand Shanghai factory – Bloomberg News
(Reuters) -Electric carmaker Tesla Inc has delayed plans to expand its Shanghai factory, Bloomberg News reported on Thursday, citing people familiar with the matter. Tesla had planned to start work on[...]
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Ryanair CEO sees high single digit air fare rise in ‘very strong’ summer
By Angelo Amante ROME (Reuters) -Ryanair is expecting a very strong summer season with a reasonable prospect of average European short-haul air fares rising by a high single digit percentage, Chief Ex[...]
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Volkswagen Group deliveries lowest in over a decade
By Victoria Waldersee BERLIN (Reuters) -The Volkswagen Group reported its lowest sales in over a decade in 2022 as COVID-19 lockdowns in China and the war in Ukraine upended supply chains, and a fourt[...]
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JetBlue to add more routes under alliance as American Airlines tie-up faces scrutiny
(Reuters) – U.S. low-cost carrier JetBlue Airways Corp said on Thursday it will launch more routes this year under a partnership with American Airlines, even as the tie-up faces a legal challeng[...]
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Fed’s Harker ready to downshift to 25 basis-point interest rate hikes
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Philadelphia leader Patrick Harker said Thursday that while the central bank needs to raise rates more to cool off inflation, it can pro[...]
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