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Japan’s SMFG plans for possible takeover of Jefferies, FT reports

March 24 (Reuters) - Japan's Sumitomo Mitsui Financial Group is working on plans for a possible takeover of U.S. investment bank Jefferies, the Financial Times reported on Tuesday. Jefferies shares rose 6% in trading in Frankfurt after the FT report. SMFG has tasked a team with ...
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Asia boosts coal use as Iran war squeezes global LNG supplies

BANGKOK (AP) - Asian countries are turning to coal as the Iran war disrupts oil and gas shipments. The continent is exposed because it relies on imported fuel, much of it passing through the Strait of Hormuz - a chokepoint for about a fifth of ...
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Asian shares mostly rebound after Trump hints at a possible end to the Iran war

TOKYO (AP) - Asian benchmarks mostly rebounded Tuesday, echoing cautious relief that swept through Wall Street after President Donald Trump said the United States has talked with Iran about a possible end to their war. Japan's benchmark Nikkei 225 added 0.8% in morning trading ...
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With long lines and other disruptions, air travel anxiety isn’t just about a fear of flying

NEW ORLEANS (AP) - The list of reasons why air travel can be stressful has grown as long as the security lines at some U.S. airports. Back-to-back winter storms. The Iran war. Governmentshutdowns. A fatal runway collision between a jet and a fire truck. All ...
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Stocks rally and oil sinks after Trump hints at a possible end to war, even as Iran denies talks

NEW YORK (AP) - A cautious relief swept through financial markets Monday after President Donald Trump said the United States has talked with Iran about a possible end to their war. Oil prices eased, and stock prices rose on Wall Street following severe losses ...
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Dow soars 1,000 points as Trump claims talks held with Iran

(NEW YORK) -- The Dow Jones Industrial average soared more than 1,000 points on Monday after President Donald Trump claimed "productive conversations" had been held between the United States and Iran.The major stock indexes shed some of the morning's gains by midday as a ...
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Hundreds go on strike at major Navy shipbuilder in Maine over wages and benefits

PORTLAND, Maine (AP) - Hundreds of designers, clerks and technicians went on strike Monday in Maine at one of the U.S. Navy's largest shipbuilding contractors. The Bath Marine Draftsmen's Association went on strike at General Dynamics Bath Iron Works after members voted to reject the ...
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What to know about the deadly collision between a jet and fire truck at NYC’s LaGuardia Airport

NEW YORK (AP) - A jet landing at New York City's LaGuardia Airport collided with a fire truck on the runway, killing the pilot and copilot and injuring several others. Here's what you need to know: The crash occurred around 11:45 p.m. on Sunday when ...
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European Union says Mercosur free trade deal will start May 1, linking 700 million people

BRUSSELS (AP) - A landmark free trade deal between the European Union and four South American countries will begin on May 1 after more than a quarter-century of negotiations and new global economic uncertainty unleashed by tariffs, critical mineral controls and the war in ...
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DoorDash offers added payments to US and Canadian drivers as gas prices soar

DoorDash is offering extra compensation to U.S. and Canadian drivers as part of a temporary program to help offset rising gas prices. The San Francisco-based delivery company announced the program Monday as the national average price for gas hit $3.96 per gallon in the U.S., ...
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Morning Bid: Ticking time bomb

By Mike Dolan March 23 - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets President Trump's 48-hour deadline for Iran to fully open the Strait of Hormuz, which expires on Monday, has sent stocks and bonds plummeting around the ...
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Victory Capital fires back at Peltz’s Trian as Janus bidding war drags on

March 23 (Reuters) - Victory Capital on Monday fired back at Nelson Peltz's Trian over the criticism of its latest $8.6 billion proposal for asset manager Janus Henderson, saying the activist was making "efforts to blanket market with misinformation". San Antonio, Texas-based Victory said recent ...
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