US Farmers Battle Floods, Heat in Bid to Replenish Food Supplies

New You can now listen to Insurance Journal articles! Global grain markets are at a pivot point, with prices finally starting to ease after a dizzying surge earlier this year. Where things go from here could end up being determined by farmers like Justin Sherlock and the extreme weather that’s hitting parts of the US … Read more

Prestwick puts $1.6B in mortgage servicing rights up for bid

A $1.6 billion portfolio of servicing rights with some unusual geographic concentrations and a nearly 2.63% delinquency rate went up for bid Tuesday, according to Prestwick Mortgage Group. As of May 31, weighted averages for Ginnie Mae ($737 million), Fannie Mae ($583 million), and Freddie Mac ($322 million) MSRs were as follows: note rate, almost … Read more

JetBlue Again Sweetens Spirit Bid as Vote Looms

JetBlue Airways on Monday again upped its offer to acquire Spirit Airlines, days before Spirit shareholders are slated to vote on a competing offer to merge with Frontier Airlines. JetBlue’s latest offer, detailed in an open letter to Spirit shareholders, includes an increased break-up fee and a dividend. The move comes days after Frontier increased … Read more

Spirit Airlines jumps 5% as JetBlue sweetens its bid (NYSE:SAVE)

Brandon Bell/Getty Images News Spirit Airlines (NYSE:SAVE) is up 5.2% after hours as JetBlue (NASDAQ:JBLU) announces it’s modifying its offer for the airline, adding a ticking fee and increasing a proposed reverse breakup fee. JetBlue says it’s conveying the new proposal to Spirit’s board and is urging Spirit shareholders to vote against Frontier’s “inferior” offer. … Read more

Proxy firm ISS said to favor Frontier takeover of Spirt Airlines after increased bid

JillianCain/iStock Editorial via Getty Images Spirit Airlines (NYSE:SAVE) shareholders should vote to approve Frontier’s Group (NASDAQ:ULCC) revised takeover offer for ultra-low cost carrier after Frontier increased its bid on Friday, proxy firm ISS recommended. Frontier’s revised offer is “preferable” to JetBlue’s (NASDAQ:JBLU) as it matches JBLU’s protection related to regulatory failure and the increase in … Read more

UK construction groups accused of ‘bid rigging’ in £150mn contracts

Several cartels involving ten construction suppliers conspired to rig bids for contracts worth £150mn and cheat clients including Selfridges and Oxford university, the UK competition regulator has found. On Friday, the Competition and Markets Authority said it had provisionally found that the businesses colluded over contract tenders for demolition and asbestos removal projects. The three-year … Read more

Bayer Rejected by US Supreme Court in Bid to End Roundup Suits

New You can now listen to Insurance Journal articles! The US Supreme Court rejected a multibillion-dollar appeal from Bayer AG, refusing to shield the company from potentially tens of thousands of claims that its top-selling Roundup weedkiller causes cancer. The justices, without comment, left intact a $25 million award to Edwin Hardeman, a California man … Read more

US Supreme Court Rejects Bayer Bid to Nix Roundup Weedkiller Suits

WASHINGTON –– The U.S. Supreme Court on Tuesday rejected Bayer AG’s bid to dismiss legal claims by customers who contend its Roundup weedkiller causes cancer as the German company seeks to avoid potentially billions of dollars in damages. The justices turned away a Bayer appeal and left in place a lower court decision that upheld … Read more

U.S. Supreme Court rejects Bayer bid to nix Roundup weedkiller suits By Reuters

© Reuters. FILE PHOTO: Monsanto Co’s Roundup is shown for sale in Encinitas, California, U.S., June 26, 2017. REUTERS/Mike Blake/File Photo By Lawrence Hurley WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday rejected Bayer AG (ETR:)’s bid to dismiss legal claims by customers who contend its Roundup weedkiller causes cancer as the German company … Read more