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Travel industry worries after Trump administration reiterates threat to sanctuary city airports

The travel industry is on edge after Homeland Security Secretary Markwayne Mullin reiterated his threat to withdraw U.S. Customs and Border Protection officers from airports in so-called "sanctuary cities" in a move that could jeopardize international flights. The U.S. Travel Association said that Mullin confirmed ...
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Uber and DoorDash sound out investors for Delivery Hero bid, FT reports

May 23 (Reuters) - Uber and DoorDash have held exploratory talks with investors in rival Delivery Hero ahead of a possible takeover bid, the Financial Times reported on Saturday. Multiple investors have indicated they would seek a price above 40 euros ($46.41) per share ...
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America In Focus: mortgage rate rises while Wall Street looks to continue its winning ways

The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store or gas station are more painful than they were last year, and that is impacting the decisions of ...
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Delivery Hero confirms takeover offer from Uber

May 23 (Reuters) - German food delivery service Delivery Hero confirmed it had received a takeover offer from rival Uber valuing the company at 33 euros ($38.29) per share, it said in a statement on Saturday. The offer represents a discount of about 1.76% ...
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Airline miles may not go as far as the Iran war drives up fuel costs and summer fares

NEW YORK (AP) - First, the bad news. Users of credit cards that accrue airline miles and points toward various travel perks are likely to find their balances won't take them as far this summer. As jet fuel prices have jumped during the Iran ...
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America In Focus: mortgage rate rises while Wall Street looks to continue its winning ways

The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store or gas station are more painful than they were last year, and that is impacting the decisions of ...
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Jury clears Boeing in 737 MAX fraud lawsuit

By Dan Catchpole SEATTLE, May 22 (Reuters) - Boeing was found not guilty of hiding safety problems with 737 MAX jets sold to LOT Polish Airlines last decade, a jury ruled Friday in U.S. District Court in Seattle. LOT had accused Boeing of defrauding it by ...
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Law firm Fenwick agrees to pay $54 million in settlement over FTX work

By Mike Scarcella WASHINGTON, May 22 (Reuters) - Prominent U.S. law firm Fenwick & West, which advised FTX before its 2022 blockbuster collapse and bankruptcy, on Friday said it will pay $54 million to resolve claims from FTX customers who alleged the firm helped enable ...
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Ugandans rue link to Bundibugyo, the Ebola virus type named after a district of cocoa farmers

KAMPALA, Uganda (AP) - Boon-dee-BOO-joh. Before it became the somewhat easy-to-mispronounce name of a rare type of Ebola virus, Bundibugyo is a mountainous district in western Uganda that even some locals would struggle to pinpoint on a map. It's home to roughly 200,000 people. Many ...
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Warsh is sworn in as the Fed chair after Trump’s bid for greater control over the independent bank

WASHINGTON (AP) - President Donald Trump on Friday oversaw the White House swearing-in of the new Federal Reserve chair and said he would like Kevin Warsh's help in stimulating the economy even as he tried to emphasize that the nation's central bank would remain ...
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Senior Walmart executives depart amid rejig under new CEO, memo shows

May 22 (Reuters) - Senior Walmart executives Tom Ward, COO of warehouse chain Sam's Club, and Cedric Clark, U.S. store operations chief, are leaving amid a major management rejig under CEO John Furner, according to internal memos seen by Reuters on Friday. The ...
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US regulators sign off on large bank ‘living wills’

By Pete Schroeder WASHINGTON, May 22 (Reuters) - A pair of U.S. banking regulators have signed off on plans submitted by the nation's largest banks detailing how they could be safely unwound in bankruptcy. The Federal Reserve and Federal Deposit Insurance Corporation did not identify any ...
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