Press Digest: New York Times business news - June 1

Magnum Opus Acquisition

01/06/2022 06:06

June 1 (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.
    
    - The U.S. Federal Aviation Administration said it had
issued a shorter regulatory compliance programme extension to
Boeing  BA.N  than the company had sought, as the agency works
to reform the practice of outsourcing regulatory authority. https://nyti.ms/3x56xQF
    
    - Forbes, the wealth-obsessed business publication, has
decided to call off a deal to go public through a special
purpose acquisition company. https://nyti.ms/3t5m1ly
    
    - Proxy advisory firm Institutional Shareholder Services has
urged shareholders of Spirit Airlines  SAVE.N  to vote against a
proposed merger with Frontier Airlines  ULCC.O  in favor of a
competing offer from JetBlue Airways  JBLU.O . https://nyti.ms/3GGbDq0
    
    - Senator Sherrod Brown, the head of U.S. Senate Banking
Committee, demanded Wells Fargo & Co  WFC.N  Chief Executive
Charles Scharf to "once and for all address Wells Fargo's
governance, risk management and hiring practices - weaknesses
that have plagued the bank for almost a decade." https://nyti.ms/3t9xtwe

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