(Reuters) – U.S. budget carrier Frontier Airlines said Tuesday it will offer first-class style seating to woo passengers willing to spend more. Frontier previously added more seats with extra leg room and business fares targeted at small companies. In August, Spirit Airlines (OTC:SAVEQ) began offering intra-Europe style business class seats with a guaranteed blocked middle…
By Sheila Dang (Reuters) – Despite widespread concern that generative AI could interfere with major elections around the globe this year, the technology had limited impact across Meta Platforms (NASDAQ:META)’ apps, the tech company said on Tuesday. Coordinated networks of accounts seeking to spread propaganda or false content largely failed to build a significant audience…
(Reuters) -A slew of automotive companies across Europe have announced plant closures and big layoffs recently as they struggle with weak demand, high costs, competition from China and a slower-than-expected transition to electric vehicles. Below are layoffs and site closures announced in recent months (latest first): FEINTOOL Switzerland’s automotive supplier Feintool on Dec. 3 announced…
Investing.com — Shares of Worldline SA (EPA:WLN) fell over 7% on Tuesday after Bain Capital said that it is not involved in any takeover deliberations regarding the French payment processor. A spokesperson for Bain Capital clarified that the private equity firm is “not looking at Worldline” as reported by Bloomberg News, putting an end to…
(Reuters) – Britain’s competition regulator said on Tuesday it was considering whether asset management firm BlackRock (NYSE:BLK)’s 2.55 billion pound ($3.23 billion) acquisition of UK data firm Preqin would raise competition concerns in the local market. The Competition and Markets Authority, which has not yet launched its formal probe into the deal announced in June,…
Investing.com — Investor flows for the US dollar turned negative last week, reflecting shifts in market sentiment and positioning, according to Bank of America. Despite support from corporate demand, the USD experienced Real Money-led supply pressures, which outpaced heavier Hedge Fund positioning in favor of the currency, according to the bank. This trend is said to…
BRUSSELS (Reuters) – NATO will step up intelligence sharing and improve the protection of critical infrastructure in the face of “hostile” acts of sabotage against allies by Russia and China, NATO chief Mark Rutte said on Tuesday. “Over the past years, Russia and China have tried to destabilise our nations with acts of sabotage, cyberattacks,…
(Reuters) – Constellation Brands (NYSE:STZ) said on Tuesday it would sell its Svedka vodka to New Orleans-based Sazerac, as the Corona beer maker looks to focus on its premium wine and spirits business. The company did not disclose the terms of the deal. Constellation acquired Svedka in 2007 when it bought Spirits Marque One LLC…
Investing.com — The US equities “Santa Claus rally is real,” Bank of America strategist Stephen Suttmeier said Monday. The latter half of December often brings much of the month’s characteristic seasonality, particularly during the days between Christmas and New Year’s Day. More concretely, this Santa Claus rally tracks the S&P 500 (SPX) performance over the…
Investing.com — BofA Securities analysts double upgraded Credo Technology Group Holding Ltd (NASDAQ:CRDO) stock from Underperform to Buy on Tuesday, following the company’s strong earnings report that sent its shares rocketing over 30% in premarket trading Tuesday. The bank also raised its price objective for Credo shares to $80, up from the previous target of…
