Business

US hotel operators say promised boon from hosting World Cup hasn’t materialized yet

Tuesday, May 12 by SRN News

NEW YORK (AP) - The promised economic boon from the World Cup hasn't matched expectations, at least not yet, for U.S. hotels. Room bookings have been lighter than expected in most of the 11 U.S. cities hosting the world's most watched sporting event, according to... Read More.

Ministers take office in Hungary’s first non-Orbán government in 16 years

Tuesday, May 12 by SRN News

BUDAPEST, Hungary (AP) - The Hungarian government's new Cabinet was sworn into office on Tuesday, marking the final transfer of power from the former administration of Viktor Orbán to a new center-right government led by Prime Minister Péter Magyar. The swearing-in of the 16... Read More.

Exclusive-Eni explores potential LNG assets deal with big funds, sources say

Tuesday, May 12 by SRN News

By Francesca Landini and Elvira Pollina MILAN, May 12 (Reuters) - Italian energy group Eni has asked Morgan Stanley to help it to raise funds from investment firms such as Apollo, KKR and Stonepeak in a possible deal backed by its floating liquefied natural gas... Read More.

Boeing’s new order bookings surge in April

Tuesday, May 12 by SRN News

By Dan Catchpole SEATTLE, May 12 (Reuters) - Boeing booked 135 net new orders in April, nearly matching its total in the first three months of the year, the company said on Tuesday. Through the first four months of the year, Boeing has booked 284 new... Read More.

PayPal pays $30 million to settle DOJ probe over ‘DEI’ investment program

Tuesday, May 12 by SRN News

WASHINGTON, May 12 (Reuters) - PayPal agreed to pay $30 million to settle a U.S. probe over an investment program created for black and minority-owned businesses that was "unlawful" and "discriminatory," the U.S. Department of Justice said in a statement on Tuesday. (Reporting by... Read More.

New York Fed finds ongoing student loan woes in first quarter

Tuesday, May 12 by SRN News

By Michael S. Derby NEW YORK, May 12 (Reuters) - Ongoing U.S. student loan troubles do not appear to be on track to create broader woes in the consumer lending space, a New York Federal Reserve report released on Tuesday showed. The regional Fed bank made... Read More.

Ship operator and employee are charged in crash that caused the deadly collapse of Baltimore bridge

Tuesday, May 12 by SRN News

BALTIMORE (AP) - Federal prosecutors announced charges Tuesday in the 2024 collapse of Baltimore's Francis Scott Key Bridge, accusing the Singapore-based operator of a ship and a key employee of making critical decisions that led to the disaster and the deaths of six people. The... Read More.

Under Armour sees another weak year as North America struggles, shares slump

Tuesday, May 12 by SRN News

By Sanskriti Shekhar May 12 (Reuters) - Under Armour forecast another annual revenue decline and expects profit well below estimates on Tuesday, as weakness in its key North American market weighs on CEO Kevin Plank's turnaround efforts. Shares of the sportswear maker, which has reported... Read More.

Online seller eBay rejects GameStop’s $56 billion takeover offer

Tuesday, May 12 by SRN News

Online seller eBay is rejecting an unsolicited $56 billion takeover offer from GameStop, calling the proposal "neither credible or attractive." Ryan Cohen's GameStop disclosed earlier this month that it was pursuing a takeover of eBay, seeing it as a vehicle to compete with online retail... Read More.

US stock futures hold losses after April inflation data

Tuesday, May 12 by SRN News

May 12 (Reuters) - U.S. stock index futures held on to their losses on Tuesday as investors assessed April inflation data and its impact on the Federal Reserve's monetary policy path. A Labor Department report showed the Consumer Price Index rose 3.8% on a yearly... Read More.

Current Weather

US hotel operators say promised boon from hosting World Cup hasn’t materialized yet

Ministers take office in Hungary’s first non-Orbán government in 16 years

Exclusive-Eni explores potential LNG assets deal with big funds, sources say

Boeing’s new order bookings surge in April

PayPal pays $30 million to settle DOJ probe over ‘DEI’ investment program

New York Fed finds ongoing student loan woes in first quarter

Ship operator and employee are charged in crash that caused the deadly collapse of Baltimore bridge

Under Armour sees another weak year as North America struggles, shares slump

Online seller eBay rejects GameStop’s $56 billion takeover offer

US stock futures hold losses after April inflation data

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