Bloomberg Dennis Muilenburg, the former chief executive officer of Boeing Co who stepped down during the 737 Max crisis, has filed for a blank-check company. His special purpose acquisition company (SPAC) is called New Vista Acquisition and is seeking to raise $200 million, a filing showed, which confirmed an earlier Bloomberg News report. It intends to focus on finding a ...

Bloomberg Hormel Foods Corp is nearing a deal to buy the Planters snack business from Kraft Heinz Co in a deal valuing the peanut brand at about $3 billion, according to a person familiar with the matter. A deal could be reached as soon as next week, according to the person, who did not want to be identified discussing the ...

Bloomberg Myanmar authorities filed criminal charges against former leader Aung San Suu Kyi for possessing illegally imported walkie-talkies just days after the military ousted her government in a coup. Suu Kyi was charged for breaching an import-export law and faces as many as three years in prison if convicted. The police incident report indicated that unauthorised telecommunications equipment was found ...

Bloomberg President Joe Biden ordered a review and possible repeal of Trump-era policies intended to deter illegal migration at the US-Mexico border and make it harder to legally obtain immigrant visas. The trio of directives, which Biden signed Tuesday, also creates a task force led by the Department of Homeland Security to reunite families separated by President Donald Trump’s so-called ...

Bloomberg Russia imprisoned opposition leader Alexey Navalny for two years and eight months, drawing condemnation from Western leaders as President Vladimir Putin seeks to crush a resurgence in protests against his rule. A Moscow court converted a suspended sentence that Navalny, 44, received for a 2014 fraud conviction into a prison term for alleged violations of his probation. His 3 ...

Bloomberg A World Health Organisation (WHO) scientific team in China to investigate the origins of the coronavirus visited the Wuhan laboratory that’s been at the center of months of speculation over how the disease jumped to humans. The international group of scientists arrived at the Wuhan Institute of Virology, home to a high-tech laboratory that studies some of the world’s ...

Bloomberg Mexican authorities arrested a dozen police officers in connection with the murder of 19 people in Tamaulipas state, according to local Attorney General Irving Barrios Mojica. The officers were charged with homicide, abuse of authority and giving false statements, Barrios said. Interior Minister Olga Sanchez, who is standing in at daily press briefings for President Andres Manuel Lopez Obrador ...

Bloomberg The European Union (EU) is facing a cost of tens of billions of euros for the slow and chaotic rollout of coronavirus vaccinations compared to countries such as the UK and US. Lockdowns mean the bloc’s economy is operating at about 95% of its pre-pandemic level, equating to about $14 billion a week of lost output, according to calculations ...

Bloomberg The US economy is showing some scattered signs of picking up from an end-of-year slowdown, muddying President Joe Biden’s efforts to win congressional passage of a $1.9 trillion stimulus package. New claims filed for unemployment benefits have fallen for two straight weeks, while January payrolls are forecast to rebound from a December. Managers in charge of buying supplies for ...

Bloomberg Tesla Inc. will recall about 135,000 Model S and X vehicles in the US after a months-long investigation by the nation’s auto-safety regulator concluded their touch screens are defective. Tesla equipped certain Model S sedans from 2012 to 2018 and Model X crossovers from 2016 to 2018 with Nvidia Corp. processors that are prone to wearing out, Tesla said ...