(Reuters) -The Golden State Warriors were sued on Monday by an FTX customer who accused the reigning National Basketball Association champions of fraudulently promoting the now-bankrupt cryptocurrency[...]
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Oil prices rebound from early dive as reports vary on OPEC+ output
By Laila Kearney NEW YORK (Reuters) – Oil prices whipsawed on Monday, diving early to their lowest since early January but then rebounding as reports varied about whether Saudi Arabia and other[...]
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Saudi denies oil output hike discussion, says OPEC+ may cut if needed
(Reuters) -Saudi Arabia on Monday said that OPEC+ was sticking with oil output cuts and could take further measures to balance the market amid falling prices, denying a report it was considering boost[...]
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Activist investor asks News Corp to spin off unit instead of merger with Fox
(Reuters)Most Recent -Activist investor Irenic Capital Management, which holds 2% of News Corp’s Class B shares, has suggested a spin-off of the media company’s digital real estate busines[...]
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Aviation execs worry about demand as post-pandemic honeymoon ends
By Sarah Young LONDON (Reuters) -The outlook for airlines has darkened as the post-pandemic boom in travel wears off and recession looms, with carriers focused on Britain particularly exposed, industr[...]
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Nestle’s Nespresso to sell paper-based compostable coffee pods
ZURICH (Reuters) – Nestle’s Nespresso coffee business is launching paper-based compostable capsules to attract customers put off by the Swiss packaged food giant’s metal ones, which[...]
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Merck to acquire Imago BioSciences for $1.35 billion
(Reuters) -Merck & Co Inc said on Monday it will acquire cancer drug developer Imago BioSciences Inc for a total equity value of $1.35 billion to expand its portfolio of blood disorder treatments.[...]
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Deutsche Bank sees U.S. leveraged loan defaults near record highs in 2024
By Chiara Elisei (Reuters) -Default rates on U.S. leveraged loans will hit a near-record high of 11.3% in 2024, while defaults on euro leveraged loans will hit 7.1%, as the global economic outlook det[...]
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American Airlines, JetBlue alliance will harm travelers, U.S. argues
By David Shepardson (Reuters) – Lawyers for the U.S. Justice Department said American Airlines Group’s alliance with JetBlue Airways Corp would harm travelers while the airlines pushed bac[...]
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