FRANKFURT (Reuters) - German airline Lufthansa said on Sunday it was keen on moving ahead in wage negotiations for thousands of ground crew after labour union Verdi demanded the company offers a higher pay increase aimed at averting more strike action. \"We have taken note of Verdi\'s statements and are still interested in a quick...
(Reuters) - AT&T (NYSE:T) will credit customers a full day of service for the carrier\'s more than 10-hour outage on Thursday that affected more than 70,000 users, saying it was the \"right thing to do.\" \"I believe this approach is fully manageable while achieving the 2024 business objectives we have set for ourselves and our...
-- Alcoa Corp (NYSE:AA) said on late-Sunday it made a $2.2 billion, all stock offer to take over Australian aluminum producer Alumina Ltd (ASX:AWC) and potentially create one of the world’s largest bauxite and alumina producers. Pittsburgh-based Alcoa said Alumina shareholders will receive 0.02854 Alco shares for each Alumina share, representing a per-share value of about...
By Jihoon Lee and Cynthia Kim SEOUL (Reuters) -South Korea hopes to mirror Japan\'s efforts to boost the value of its companies as the neighbour\'s stock market surges to a record high, with measures Seoul hopes will narrow a \"Korea discount\" on stock prices. But while years of effort at pushing Japanese companies to be...
By Echha Jain and Melanie Burton MELBOURNE (Reuters) -U.S. aluminium producer Alcoa (NYSE:AA) Corp on Monday made a non-binding, conditional buyout proposal for its Australian joint venture partner Alumina (OTC:AWCMY), valuing the company at $2.2 billion in an all-stock offer. The deal raises exposure for the major aluminium maker in the upstream business of aluminium...
-- U.S. stock futures moved little in late-Sunday deals after a record-high run, as an AI-fueled rally in the tech sector now appeared to be slowing, with pressure coming chiefly from persistent fears of higher-for-longer interest rates. Markets were still digesting a string of signals from the Federal Reserve last week showing that the central...
By Joanna Plucinska DUBLIN (Reuters) - Ryanair will receive even fewer Boeing (NYSE:BA) aircraft by the end of June than previously expected, CEO Michael O\'Leary said on Friday, potentially prompting the budget carrier to cut its summer schedule at the busiest time of the year. The Dublin-based airline is the first in Europe to warn...
-- Japan’s Nikkei 225 index opened at record highs on Monday, extending a strong run from last week as investors piled into local stocks amid hype over artificial intelligence and the prospect of ultra-low interest rates. The Nikkei 225 rose 0.6% to a record high of 39,420.0 points, hitting a record high for a second...
-- Most Asian stocks retreated on Monday as persistent concerns over higher-for-longer interest rates sparked some profit-taking in technology stocks, while Japanese markets scaled new record peaks ahead of key inflation data. Tech stocks were hit with a large degree of profit-taking after a strong rally over the past week, as optimism over artificial intelligence...
By Jonathan Stempel NEW YORK (Reuters) - Berkshire Hathaway (NYSE:BRKa), the conglomerate led by billionaire Warren Buffett, paid $2.6 billion last month for the 20% of the Pilot Travel Centers truck stop business it did not already own, after resolving a lawsuit over the price. The price means Berkshire paid about $13.6 billion for Pilot,...