JetBlue Again Raises Offer to Buy Spirit Airlines

Budget carrier Spirit has been in the middle of a bidding war between JetBlue and Frontier, and the intensity has picked up in the final days before a shareholder vote.

 
Nike Posts Flat Sales, Jump in Inventories

Declining revenues in North America and China offset gains in Europe. The results were better than Wall Street analysts had predicted.

 
Former Toys 'R' Us Directors to Face Bankruptcy Trial Over Liquidation

A bankruptcy judge ordered former Toys "R" Us directors and officers to face trial on allegations stemming from an attempted chapter 11 restructuring that left suppliers with more than $600 million in unpaid bills.

 
Toshiba Shareholders Vote to Add Activist Investors to Board

Toshiba shareholders approved the company's proposal to invite representatives from two foreign activist funds onto its board, a move which may help speed the transition of the troubled industrial conglomerate.

 
Steelmakers Avoid Russian Components but Bargain Hunters Swoop In

Many European steelmakers have said they would avoid Russia-sourced raw materials, but import volumes of some Russian steelmaking ingredients into Europe are surging anyway.

 
Volkswagen Nears Deal to Sell Stake in Electrify America to Siemens

The transaction would value the electric-vehicle charging business at more than $2 billion.

 
Winding-Up Petition Filed Against China Evergrande in Hong Kong

The petition was filed by Top Shine Global Limited of Intershore Consult (Samoa) with the High Court in Hong Kong, in connection with a financial obligation of $109.9 million.

 
Goldman Sachs, Wells Fargo Boost Shareholder Payouts

Four of the six biggest U.S. banks raised their dividends after the Federal Reserve cleared the way.

 
BHP Expects to Spend $4 Billion on Emissions Reduction Through 2030

BHP Group Ltd. expects to spend roughly $4 billion on cutting its greenhouse gas emissions through to 2030, at the top end of earlier estimates by the company.

 
Thai Life Insurance Seeks to Raise More Than $1 Billion in IPO

Thai Life Insurance Co. plans to raise more than $1 billion through an initial public offering in Thailand, which if successful would be the country's largest such fundraising so far this year.

(END) Dow Jones Newswires

June 28, 2022 05:00 ET (09:00 GMT)

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