China's central bank says it will cut its reserve requirements for banks to help spur more lending and boost the economy
China’s central bank says it will cut its reserve requirements for banks to help spur more lending and boost the economy
China’s central bank says it will cut its reserve requirements for banks to help spur more lending and boost the economy
Outspoken Applebee’s franchise owner Zane Tankel sold off the majority of his restaurant portfolio to a longtime rival in a $140 million deal. The 83-year-old Tankel, who owned 23 Applebee’s Grill & Bar eateries in the New York City area, agreed to part with 21 of them in the deal with New Jersey-based Doherty Enterprises…
Alaska Airlines has begun flying Boeing 737 Max 9 jetliners again since they were grounded after a panel blew out of the side of one of the airline’s planes. The airline said in a statement that it has completed its final inspection of their group of the aircraft. They said they resumed flying the Max…
The top executive at United Airlines threatened to shun Boeing after the carrier’s fleet of Max 9 aircraft was grounded in the wake of the near-disastrous Alaska Airlines door blowout. “I think the Max 9 grounding is probably the straw that broke the camel’s back for us,” United CEO Scott Kirby told CNBC’s “Squawk Box”…
The retailer Macy’s rejected a $5.8 billion takeover bid late Sunday that valued the struggling department store chain at roughly 20 percent above its closing share price on Friday, but suggested it was “open to opportunities.” The bidders, Arkhouse Management and Brigade Capital, are seeking to acquire Macy’s stock they do not already own at…
A company that just listed shares in the US is making a brazen bet that cocaine will be legalized. Canada-based Safe Supply claims it’s on “the forefront of the third wave of drug policy reform” – and is lobbying for an end to the war on drugs and the legalization of banned substances like LSD…
NICOSIA, Cyprus — Cyprus has made headway in weaning itself off Russian cash and business as it tries to clean up its image, according to official figures, while a visiting team of U.S. officials is helping the government look at cases of alleged sanctions-busting. According to figures obtained by The Associated Press on Wednesday, Russian…