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Should Fed tolerate a higher level of inflation?

  Coming into this year, the hope was that supply chain improvements and modest interest-rate increases from the Federal Reserve would return US economy to the healthy expansion mode it enjoyed in 2019. Accelerating inflation and anecdotes from companies suggest that’s much less likely to happen than it seemed a few months ago. The Fed is in a tight corner: ...

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Aerojet chairman sues CEO over control of firm’s board

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  Bloomberg Aerojet Rocketdyne Inc’s chairman and three directors asked a judge to block the CEO and her allies on the board from using company resources in a fight for control of the rocket-engine maker. A lawsuit revealed long-simmering tensions between Chairman Warren Lichtenstein and Chief Executive Officer Eileen Drake who are at the heart of a proxy battle launched ...

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Singapore Air hires cabin crew again after freeze

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  Bloomberg Singapore Airlines Ltd has resumed recruitment of cabin crew, ending a hiring freeze over the past two years as the Covid-19 pandemic decimated air travel around the world, Channel News Asia reported. The resumption of hiring for cabin crew comes as travel to and from the city-state recovers and countries around the world ease travel restrictions following an ...

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