Press Digest: New York Times business news - Dec 4

Hawaiian Holdings

04/12/2023 06:06

Dec 4 (Reuters) - The following are the top stories on
the New York Times business pages. Reuters has not verified
these stories and does not vouch for their accuracy.

    - A Hong Kong bankruptcy judge on Monday gave China
Evergrande  3333.HK  another two months to work out a deal with
foreign investors who lost money when the company defaulted two
years ago with hundreds of billions of dollars in debt.

    - Alaska Airlines  ALK.N  said on Sunday that it planned to
buy Hawaiian Airlines  HA.O  for $1.9 billion, a deal that would
further consolidate the airline industry and probably attract
the scrutiny of federal regulators.

    - The U.S. government is making an intense effort to
persuade Israel and Hamas to resume negotiations so they can
once again pause hostilities and exchange more prisoners for
hostages, a White House spokesman said on Sunday.

    - A U.S. Navy destroyer shot down three drones during a
sustained attack in the Red Sea on Sunday, the Pentagon said, in
what could signal another escalation in the tit-for-tat attacks
between the American military and Iranian-backed militants.

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))