Business News

NEW YORK (Reuters) — Twitter Inc is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the CEO of Tesla has called his “best and final” offer for the social media company, people familiar with the matter said. Twitter may announce the $54.20-per-share deal lat…

NEW YORK (Reuters) — Oil slumped about 6% on Monday to its lowest in two weeks on growing worries about the global energy demand outlook due to prolonged Covid-19 lockdowns in Shanghai and potential increases in U.S. interest rates. In Shanghai, authorities have erected fences outside residential b…

NEW YORK (Reuters) — Battered U.S. stocks are facing a potentially painful stretch in the weeks ahead, as hawkish Federal Reserve policy, rising bond yields, geopolitical uncertainty and the corporate earnings season fuel investor unease. After last week’s sharp decline, the S&P is down 5.7% so…

McDonald’s Saipan-Guam President Jose Ayuyu Sr. center, introduces his granddaughters, Hanalei Moana and Katana, as his wife, Marcia, left, son, Joe Ayuyu Jr., second left, and daughter Natalie Mable Ayuyu-Glenn smile during Ayuyu Sr.’s 70th birthday celebration at their residence in Papago o…

Leah Murphy, right, of Maipe Pachotmu shows her dinanche  flavors to  buyers at Northern Marianas College’s Small Business Night on Thursday. Hosted by the CNMI Small Business Development Center and the NMC Office of Student Activities and Leadership, the event featured 16 small local businesses. I…

WASHINGTON (Reuters) — The number of Americans filing new claims for unemployment benefits fell moderately last week, still suggesting that April was another month of strong job growth. The report from the Labor Department on Thursday also showed unemployment rolls shrinking to the lowest level in …

(Reuters) — Elon Musk on Thursday said he has lined up $46.5 billion in debt and equity financing to buy social network company Twitter Inc and is considering taking his offer directly to shareholders, a filing with U.S. regulators showed. Musk himself has committed to put up $33.5 billion, which w…

WASHINGTON (Reuters) — With even the most dovish U.S. central bankers now calling for a key interest rate to hit its “neutral” level by year’s end to tame high inflation, the Federal Reserve appears headed for perhaps its swiftest shift in monetary policy since the 1960s, with all…

Marpac has generously donating beverages, silent auction prizes and financial support for the upcoming Red Cross fundraising gala. “The ongoing support from Marpac and the Shimizu family has allowed the Red Cross to fulfill its humanitarian mission here in the Commonwealth and throughout Micronesia…

(UOG) — Individuals throughout Micronesia with the dream of starting their own business will have an opportunity to get their idea off the ground at the three-day Startup Weekend Micronesia event happening next week from Wednesday, April 27, to Friday, April 29. The event will be held online over t…