The United branch of the Air Line Pilots Association (ALPA). Said the current agreement “fell short” of some pilots’ expectations. The tentative deal approved last month was set to give pilots a more than 14% pay raise. In the next 18 months when calculated from the beginning of the year. United Airlines Holdings Inc (UAL.O) … Read more
Subway can be sued for allegedly deceiving customers about its tuna products. A lawsuit claims it uses other fish species, chicken, pork, and cattle. Instead of the advertised tuna. Subway says it “serves 100% tuna” and is disappointed the lawsuit could continue. Subway can be sued for supposedly misdirecting clients about its fish items, including … Read more
IMF board meets Argentina’s new economy minister. Fund staff updates the board on the state of affairs in Argentina. Argentina’s dollar bonds trading in very distressed territory under 20 cents on the dollar. Former economy minister Martin Guzman, the architect of Argentina’s deal with the IMF, has resigned. The IMF International Monetary Fund’s leading group … Read more
Lycra has gained new ownership after its former parent company defaulted on a $400 million loan. New owners consist of Hong Kong-based China Everbright Ltd and Seoul-based Lindeman Partners. Ruyi bought Lycra from Koch Industries for $2.6 billion in 2019, borrowing about $1 billion for the deal. U.S. fiber creator Lycra has acquired new possession, … Read more
The approval allows for the disbursement of about $4 billion. Argentina’s economy minister says the country will continue to implement macroeconomic policies. The IMF announced on June 8 that it had reached a staff-level agreement on an updated macroeconomic framework with Argentina. The chief leading group of the International Monetary Fund on Friday finished the … Read more
Shareholders can sue Deutsche Bank AG (DBKGn.DE) for allegedly doing business with risky, ultra-rich clients like the offender Jeffrey Epstein and Russian oligarchs. Judge Jed Rakoff in Manhattan said shareholders may try to prove that the German bank was aware its know-your-customer and anti-money laundering controls were ineffective. A U.S. judge on Monday said investors … Read more
