(Reuters) - Spirit Airlines' CEO said the carrier is not considering a Chapter 11 bankruptcy and is "encouraged" by the plan it has in place after its deal with JetBlue Airways (NASDAQ: JBLU) fell through, CNBC reported on Friday, citing remarks from an annual shareholder meeting.
Shares of the ultra-low-cost carrier were down about 1.2% in morning trade amid a decline in broader markets.
CEO Ted Christie's remarks come as the... (continue reading...)
By Milana Vinn
(Reuters) - Yext, a maker of software that promotes companies' information in online search directories and websites, is preparing to explore a sale after attracting takeover interest, according to people familiar with the matter.
Yext, which has a market value of about $600 million, has hired investment bankers to get ready to explore strategic alternatives, the sources said.
The sources cautioned that the... (continue reading...)
By Rodrigo Campos and Noe Torres
NEW YORK/MEXICO CITY (Reuters) - The Mexican governing party's unexpectedly lopsided victory this week has investors concerned that it may use its mandate to sweep aside some of the checks on presidential power which have long been a source of comfort to the business community.
The possibility that current president Andres Manuel Lopez Obrador could push through some of those changes during his final month... (continue reading...)
BRUSSELS/KYIV (Reuters) - Ukraine and Moldova meet all the criteria needed to formally start negotiations on EU membership, the European Commission said on Friday, as Ukrainian Prime Minister Denys Shmyhal expressed hope that the talks could start later this month.
"We confirm that on the Commission side we consider that all the steps have been met by the two countries," Commission spokeswoman on enlargement Ana Pisonero said.
"The... (continue reading...)
(Reuters) - Israel's chief of staff has said it is nearing a decision on an offensive along the frontier with Lebanon against the Iran-backed Hezbollah after months of cross-border exchanges of fire.
Here is a timeline of decades of conflict involving Israel and Lebanon.
1948
Lebanon fights alongside other Arab countries against the nascent state of Israel. Some 100,000 Palestinians who fled or were expelled from their... (continue reading...)
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