Boeing’s engine proposal deadline looms for new mid-market jet: report
SEATTLE (Reuters) – Three of the largest engine makers face a Wednesday deadline to provide Boeing Co with formal proposals for how they would power the planemaker’s possible new mid-market jet, an aviation magazine reported.
Conagra to buy Pinnacle for $8.1 billion, creating frozen food powerhouse
(Reuters) – Conagra Brands Inc said on Wednesday it would buy Pinnacle Foods Inc for about $8.1 billion, trying to grab a bigger share of the fast-growing snack and frozen food markets amid fierce competition in the packaged food industry.
Lyft valued at $15 billion in latest funding round
(Reuters) – Lyft Inc said on Wednesday it raised $600 million in a new funding round led by Fidelity Management, doubling the ride-hailing firm’s valuation to $15.1 billion in little over a year.
U.S. gives Disney-Fox deal antitrust approval
WASHINGTON (Reuters) – Walt Disney Co has won U.S. antitrust approval to buy Twenty-First Century Fox Inc’s entertainment assets for $71.3 billion on the condition that it sell all 22 regional sports networks owned by Fox, the Justice Department said on Wednesday.
Volvo, FedEx test truck ‘platooning’ on public U.S. road
(Reuters) – Truck maker Volvo AB and package delivery company FedEx Corp said on Wednesday they have begun public U.S. testing of “platooning” technology, which allows digitally-connected semi trucks to save fuel by driving closely together in convoy…
Market rate rise may thwart Fed’s balance sheet plan
NEW YORK (Reuters) – The rise of a key U.S. overnight interest rate has raised speculation that higher bank borrowing costs will force the Federal Reserve to stop shrinking its balance sheet sooner than planned.
U.S. business spending on equipment cooling; trade gap narrowing
WASHINGTON (Reuters) – New orders for U.S.-made capital goods and shipments unexpectedly fell in May, but upward revisions to data for the prior month pointed to moderate growth in business spending on equipment in the second quarter.
Wall Street gains as trade fears ease, oil prices jump
(Reuters) – U.S. stocks rose on Wednesday after the Trump administration eased its stance on curbing Chinese investments in American technologies and as oil prices surged.
U.S. set to give antitrust approval for Disney-Fox deal: source
WASHINGTON (Reuters) – The U.S. Justice Department is set to grant antitrust approval for Walt Disney Co to acquire most of Twenty-First Century Fox Inc’s assets as early as Wednesday, a source familiar with the matter said.
General Mills to cut jobs amid rising costs
(Reuters) – Cheerios cereal maker General Mills Inc said on Wednesday it would cut 625 jobs as it looks to reduce costs in the wake of slowing sales of its Yoplait yogurt, as well as rising commodity and freight expenses.
