Business

What to know about the safety system that failed to prevent the deadly runway collision at LaGuardia

Wednesday, March 25 by SRN News

The systems in place at New York's LaGuardia Airport to prevent ground collisions failed to keep an Air Canada jet from smashing into a fire truck that had just pulled out on the runway as the plane was landing. The National Transportation Safety Board will... Read More.

US oil prices rise as investors assess Middle East de-escalation

Wednesday, March 25 by SRN News

TOKYO, March 26 (Reuters) - U.S. oil prices rose in early trade on Thursday, recovering some of the previous day's losses as investors assessed prospects for de-escalation in the Middle East and Iran reviewed a U.S. proposal to end the war, which has disrupted... Read More.

Parents see hope in back-to-back rulings that social media providers failed to protect young users

Wednesday, March 25 by SRN News

Walker Montgomery was just 16 when someone pretending to be a teenage girl messaged him through Instagram and seduced him into cybersex. Within hours he was dead. Caught up in a sextortion scheme, the Mississippi teen killed himself. -- EDITOR'S NOTE - This story includes discussion... Read More.

JBS posts stable profit in Q4 despite record revenue

Wednesday, March 25 by SRN News

SAO PAULO, March 25 (Reuters) - Brazil's JBS, the world's largest meat company, on Wednesday reported a nearly flat fourth-quarter net profit as record revenue failed to offset tighter margins, especially in its U.S. beef business. The Brazilian company posted a net profit of $415... Read More.

Trading Day: Giving peace a chance

Wednesday, March 25 by SRN News

ORLANDO, Florida, March 25 (Reuters) - Stocks rose and oil prices and bond yields dropped on Wednesday, on hopes that the U.S. and Iran are progressing toward a peace deal. Investors' optimism was reflected in the MSCI All Country equity index clocking its biggest... Read More.

Jefferies profit rises on dealmaking but misses estimates from losses on First Brands, MFS

Wednesday, March 25 by SRN News

By Utkarsh Shetti and Saeed Azhar March 25 (Reuters) - Jefferies Financial missed analysts' estimates on Wednesday after its profit jumped 22% in a first quarter that was buoyed by investment banking, but marred by losses on loans to collapsed companies. The investment bank said it... Read More.

KKR-backed OHB taps banks for share sale, Bloomberg News reports

Wednesday, March 25 by SRN News

March 25 (Reuters) - German satellite maker OHB is working on a share sale, potentially allowing minority investor KKR to reduce its stake, Bloomberg News reported on Wednesday. A deal could value OHB at slightly above its market value, which was about 5.5 billion euros... Read More.

GM workers at Mexico’s Silao plant to vote on proposal for 10% salary hike

Wednesday, March 25 by SRN News

MEXICO CITY, March 25 (Reuters) - The union representing workers at a General Motors plant in Silao, Mexico has proposed a 10% salary increase for the 2026-2028 contract, union leader told Reuters on Wednesday. Alejandra Morales, head of SINTTIA, said workers will vote on the... Read More.

KKR to acquire Nothing Bundt Cakes for over $2 billion, source says

Wednesday, March 25 by SRN News

March 25 (Reuters) - U.S. private equity firm KKR has struck a deal to acquire bakery chain Nothing Bundt Cakes from Roark Capital for over $2 billion, including debt, a source familiar with the matter told Reuters on Wednesday. * The... Read More.

Private credit fund bonds were flagging risks before recent redemptions, hedge fund says

Wednesday, March 25 by SRN News

By Nell Mackenzie LONDON, March 25 (Reuters) - Bonds issued by semi-liquid private credit funds have fallen sharply in value since early February to trade at their weakest in a year, in a sign that investors were bracing for stress in the sector even before... Read More.

Current Weather

What to know about the safety system that failed to prevent the deadly runway collision at LaGuardia

US oil prices rise as investors assess Middle East de-escalation

JBS posts stable profit in Q4 despite record revenue

Trading Day: Giving peace a chance

Jefferies profit rises on dealmaking but misses estimates from losses on First Brands, MFS

GM workers at Mexico’s Silao plant to vote on proposal for 10% salary hike

KKR to acquire Nothing Bundt Cakes for over $2 billion, source says

Private credit fund bonds were flagging risks before recent redemptions, hedge fund says

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