Golden arches to go dark in Russia as McDonald's exits after 30 years

(Reuters) -McDonald's Corp on Monday became one of the biggest global names to exit Russia, laying out plans to sell all its restaurants after operating for more than 30 years in the country following its invasion of Ukraine.

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16-05-2022

New York state factory activity slumps in May

Factory activity in New York state slumped in May for the second time this year amid a collapse in new orders and shipments, and manufacturers were slightly upbeat about business conditions over the next six months.

newspaper

16-05-2022

U.S. defense contractor ManTech accepts Carlyle's $3.9 billion buyout deal

(Reuters) -ManTech International Corp on Monday entered into an all-cash buyout deal of $3.93 billion from private equity firm Carlyle Group Inc, sending the U.S. defense contractor's shares up 11%.

newspaper

16-05-2022

Carlyle to buy U.S. defense contractor ManTech for about $3.9 billion

(Corrects key word used by media clients to MANTECH INTL-M&A/CARLYLE GROUP, from CARLYLE-M&A/MANTECH INTL)

newspaper

16-05-2022

McDonald's to exit Russia after more than 30 years

McDonald's Corp said on Monday it has started a process to sell all its restaurants in Russia, exiting the country after more than 30 years following its invasion of Ukraine.

newspaper

16-05-2022

McDonald's to exit Russia after 30 years

McDonald's Corp said on Monday it had initiated a process to sell its business in Russia after 30 years of operating its restaurants in the country, following Moscow's invasion of Ukraine.

newspaper

16-05-2022

Gold prices buckle under pressure from 'King Dollar', higher yields

Gold prices fell more than 1% to their lowest in 3-1/2 months on Monday as elevated bond yields and a firmer U.S. dollar dampened bullion demand, even as riskier assets dropped after grim China economic data.

newspaper

16-05-2022

Saudi Arabia set for oil output capacity above 13 million bpd by 2027, says minister

Saudi Arabia is on track to lift oil production capacity by more than 1 million barrels per day to over 13 million barrels bpd by the end of 2026 or start of 2027, the energy minister said on Monday.

newspaper

16-05-2022

JetBlue launches hostile takeover bid for Spirit Airlines

JetBlue Airways Corp on Monday commenced a hostile all-cash takeover bid for Spirit Airlines Inc, days after the discount carrier rejected an offer from the larger rival.

newspaper

16-05-2022