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Business

“Google agrees to America’s first newsroom funding deal. It’s already unpopular.”

“…Google has brokered a first-in-the-nation deal with California lawmakers to direct millions of dollars to local newsrooms, the latest in a series of global efforts to require tech companies to support the journalism they profit from…” https://www.politico.com/news/2024/08/21/google-california-newsroom-ai-00174817 Now this is… Continue Reading…

Business

“Boeing agrees to buy fuselage maker Spirit AeroSystems in $4.7 billion deal”

“Boeing said Monday that it will buy back its struggling fuselage maker Spirit AeroSystems in an all-stock deal that the plane maker has said will improve safety and quality control. It said it agreed to pay $37.25 a share in Boeing stock for… Continue Reading…

Business

“Alaska Airlines agrees to buy Hawaiian Airlines in $1.9 billion deal”

“Alaska Air Group has agreed to buy rival Hawaiian Airlines in a $1.9 billion deal, setting up another potential regulatory battle in the second proposed airline merger in less than two years. Alaska would pay $18 a share for Hawaiian and would take… Continue Reading…

Business

“Ford Agrees to 25% Wage Hike in Tentative Deal to End UAW Strike”

“…Ford agreed to a record 25% hourly wage hike over the life of the contract, which exceeds four years. With cost-of-living allowances, the top wage rate is expected to increase by 33%. The top pay will be over $40 an… Continue Reading…

Business

“Swiss pharma giant Roche agrees $7.1 billion deal to buy Telavant Holdings”

“Swiss health care company Roche on Monday announced it would acquire Telavant Holdings in a $7.1 billion transaction. Telavant produces drugs for people suffering from inflammatory and fibrotic diseases and is in the process of developing a “promising new therapy”… Continue Reading…

Business

“Smucker agrees to buy Twinkies maker Hostess Brands for $5.6 billion”

“Jelly maker J.M. Smucker is buying Twinkie owner Hostess Brands for $5.6 billion, or $34.25 a share. Hostess shareholders will receive $30 in cash and .03002 share of Smucker’s stock for each share of Hostess that they owned. Smucker has also agreed to assume… Continue Reading…

Banking, Energy

“JPMorgan agrees to purchase $200 million worth of carbon removal”

“JPMorgan Chase announced Tuesday that it has agreed to spend more than $200 million on a combination of carbon removal technologies. The spending will be allocated to long-term agreements to remove and store the equivalent of 800,000 metric tons of carbon… Continue Reading…

Economy, Energy

“EU agrees to decarbonize air travel with the ‘world’s largest green fuels mandate for aviation’”

“European Union negotiators secured a deal to decarbonize the air travel sector, seeking to slash heat-trapping emissions by stimulating the region’s green aviation fuel market. The agreement on the so-called ReFuelEU Aviation proposal followed late night talks on Tuesday and… Continue Reading…

Stocks

“15 Stocks Billionaire Investors Agree It’s Smart To Buy Now”

“Stocks ‘Smart Money’ Billionaires’ Are Buying Based on new or added to positions by 47 key institutional investors in the second quarter of 2022 Company Row Labels Number of portfolios added to Stock YTD % ch. Sector Eli Lilly (LLY)… Continue Reading…

Energy

“OPEC+ bows to pressure and agrees to increase size of oil output hikes by 50%”

“OPEC+ will increase the size of its oil-supply hikes by about 50 per cent, bowing to months of pressure from major consumers including the U.S. to help ease the pain of high energy prices. Ministers agreed on Thursday that the… Continue Reading…