Canadian Pacific’s acquisition of Kansas City Southern will create a railroad that links Canada, the United States and Mexico.
Category: United States
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U.S. Approves a Merger Between Two Big North American Railroads
The New York Times – Business: -
Stock Markets Tumble as Bank Fears Go Global
The New York Times – Business:Shares fell sharply, with banking stocks taking a beating, as Tuesday’s rally quickly faded.
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Volkswagen Will Invest $193 Billion in Electric Cars and Software
The New York Times – Business:The German automaker announced a plan to accelerate its transition to battery-powered vehicles and bolster operations in China and North America.
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After Days of Panic, Midsize Banks See Stocks Rise
The New York Times – Business:Shares in midsize banks that seemed to be on the brink stage a comeback.
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Investigators Clear Former U.S. Soccer Coach in 1992 Incident
The New York Times – Sports:An inquiry found no reason U.S. Soccer could not rehire Gregg Berhalter as coach of the men’s national team. But investigators criticized the parents of a player for their part in the controversy.
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HSBC to Buy SVB UK, Silicon Valley Bank’s British Subsidiary
The New York Times – Business:Prime Minister Rishi Sunak said the country’s financial system was in good health and would not suffer from the demise of Silicon Valley Bank.
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More Retiree Health Plans Move Away From Traditional Medicare
The New York Times – Business:Retirees whose former employers offer health coverage are being shifted to privately run Medicare Advantage, often against their wishes. The change saves millions for employers.
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Justice Department Sues to Block JetBlue’s Acquisition of Spirit
The New York Times – Travel:Antitrust regulators said the deal would reduce competition and raise fares. The companies claim it would allow them to better compete against the biggest U.S. airlines.
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Delta Pilots Approve Contract Raising Pay by 34%
The New York Times – Travel:The agreement could affect ongoing negotiations between pilots’ unions and other large airlines.
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What is in the CHIPS Act, Aimed at Childcare Expansion and National Security
The New York Times – Business:A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other priorities as well