Business

Down … but not out

(Reuters) – A look at the day ahead in Asian markets from Jamie McGeeverChristine Lagarde, European Central Bank (ECB) president addresses a news conference following the ECB’s monetary policy meeting in Frankfurt, Germany, September 8, 2022. REUTERS/Kai PfaffenbachWorld markets survived a one-two punch from the European Central Bank (ECB) and Federal Reserve Chairman Jerome Powell […]

Business

U.S., Indo-Pacific countries launch new-generation trade talks shunning tariff cuts

(Reuters) – Economic ministers from the United States and 13 Indo-Pacific countries launch negotiations on Thursday on Washington’s first major pan-Asian trade engagement effort in nearly a decade, but this time any deal won’t cut tariffs.Slideshow ( 2 images )The Indo-Pacific Economic Framework talks in Los Angeles will seek to define a sweeping platform for […]

Business

Asia shares ease, euro slugged by energy crisis

SYDNEY (Reuters) – Asian shares slipped on Monday while the euro took a fresh spill after Russia shut a major gas pipeline to Europe, leading some governments there to announce emergency measures to ease the pain of soaring energy prices.FILE PHOTO: A man walks under an electronic screen showing Japan’s Nikkei share price index inside […]

Business

Brian Stelter Leaving CNN After Cancellation of ‘Reliable Sources’

Chris Licht, the new chairman of CNN, has told employees that he is retooling the network’s programming. Send any friend a story As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share. This article is part of our Daily Business Briefing By Benjamin Mullin CNN is canceling […]

Business

Meta raises $10 billion in first-ever bond offering

FILE PHOTO: The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. (Reuters) – Facebook-parent Meta Platforms Inc said on Tuesday it had raised $10 billion in its first-ever bond offering, as it looks to fund share buybacks and investments to revamp its business. The offering would help Meta, the only one […]

Business

Colorado gas utilities must craft “clean heat” plans to cut greenhouse gas emissions

A crackdown on emissions from the delivery of natural gas to homes is part of the state’s push to rein in overall greenhouse-gas pollution, but one company questions whether it will mean a ban on new gas lines in Colorado. The Public Utilities Commission is holding public meetings across the state on proposed rules requiring […]

Business

JetBlue agrees to buy Spirit for $3.8B after bidding war – The Denver Post

By DAVID KOENIG and MICHELLE CHAPMAN JetBlue Airways has agreed to buy Spirit Airlines for $3.8 billion and create the nation’s fifth-largest airline if the deal can win approval from antitrust regulators. The agreement Thursday capped a months-long bidding war and arrives one day after Spirit’s attempt to merge with fellow budget carrier Frontier Airlines […]

Business

Scythe Robotics wants to build automated mowers at a new Longmont factory

Longmont-based Scythe Robotics needs more space to handle about 7,000 reservations it has received for its automated robotic lawn mowers that landscaping contractors across the country are clamoring to get their hands on. After weighing whether to use offshore production or build a factory in either Florida, Texas or Colorado, the startup decided to stay […]

Business

Spirit, Frontier end merger bid, paving way for JetBlue deal – The Denver Post

By DAVID KOENIG Spirit Airlines and Frontier Airlines agreed Wednesday to abandon their merger proposal, opening the way for JetBlue Airways to acquire Spirit. Spirit, the largest budget carrier in the United States, said it was still in discussions with JetBlue “and expects to provide a further update in the near future.” The decision by […]

Business

Hyundai Motor, South Korea union agree 9% wage hike deal

SEOUL (Reuters) -Hyundai Motor Co and a union representing its South Korea workforce have sealed a wage deal that will boost annual pay by about 9% just days after the automaker committed to building its first new Korean car plant in nearly 30 years.FILE PHOTO: The logo of Hyundai Motor Company is pictured at the […]