United Airlines Holdings Inc is offering its pilots a contract in excess of $8 billion in cumulative increases in pay and benefits over four years, in possibly the richest labor deal by a major American carrier, if ratified by the union.
Ryan Cohen has bought GameStop stock worth $10 million, a securities filing showed on Tuesday, in a sign that the activist investor was trying to boost shareholder morale after the company lost its fifth CEO in five years last week.
British cinema chain operator Cineworld is preparing to file for administration as a part of a financial restructuring plan, Sky News reported on Tuesday.
Climate activists on Wednesday targeted two of the globe’s biggest banks – Deutsche Bank and JPMorgan – for their fossil fuel investment policies with separate protests in Germany’s financial capital, Frankfurt.
Alphabet’s Google was charged by EU antitrust regulators with anti-competitive practices in its digital advertising business on Wednesday, which it may now have to sell part of to address their concerns.
U.S. consumer prices rose moderately in May, leading to the smallest annual increase in inflation in more than two years, though underlying price pressures remained strong, supporting views that the Federal Reserve would keep interest rates unchanged on Wednesday while adopting a hawkish posture.
The Bank of Canada will raise interest rates again in July to 5.00% after a surprise 25 basis point increase last week, according to economists polled by Reuters, who unanimously said the main risk was the central bank might have to do more.
South African pay television company MultiChoice Group said on Tuesday its annual profit rose 2% with strong subscriber growth and profit elsewhere in Africa offsetting poor market conditions in its home country.
India’s Adani Group is in talks with lenders to refinance up to $3.8 billion of a loan facility taken for its acquisition of Ambuja Cements Ltd last year, Bloomberg News reported on Tuesday, citing people familiar with the matter.
