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As part of the agreement, Papa John’s has agreed to share with Schnatter all of the company’s records, giving him the option to sue if those documents revealed wrongdoing by the company, Schnatter said in a statement. Schnatter, in return, has agreed to dismiss lawsuits he filed against the company. “(I am) thankful that I’ve been able to resolve these important issues, and that we can all focus on the company’s business without the need for additional litigation,” Schnatter said.
The restaurant chain agreed to remove a provision of a darth vader cufflinks poison pill, a stockholder rights plan that can dilute shares, preventing Schnatter from speaking with other shareholders about the company, Papa John’s also agreed to relinquish the requirement that Starboard vote in favor of the incumbent board, Last week the pizza chain said its North American same-restaurant sales fell 7.3 percent in 2018 and that sales would lag into the first half of 2019, Its shares were up about 3 percent in morning trade on Tuesday..
CHICAGO (Reuters) - JetBlue Airways Corp is still considering a business case for a potential launch of transatlantic flights from New York and Boston, Chief Commercial Officer Marty St. George said on Tuesday, a decision that is expected this year and possibly as soon as next month. Speculation has circled that JetBlue, the sixth-largest U.S. airline, could announce a transatlantic launch at an April 10 event with employees. Speaking at a J.P. Morgan conference in New York, St. George said the success of its Mint premium class product has “emboldened” the company about its ability to capture premium revenue but it was aware of different cost structures for international flying.
NEW YORK (Reuters) - Oil prices hovered near flat on Tuesday as the market balanced OPEC-led efforts to tighten crude supply with darth vader cufflinks the restart of Libya’s biggest oilfield and the prospect of weaker demand, Investor hopes for an imminent trade deal between the United States and China also wavered on mixed comments from the White House, “Oil is still waiting for a deal to come back to table with China,” said Phillip Streible, senior commodities strategist at RJO Futures, Brent, the international benchmark, was unchanged at $65.67 a barrel as of 11:38 a.m, EST (1638 GMT), U.S, West Texas Intermediate crude fell 1 cent to $56.58 a barrel..
Supply curbs by the Organization of the Petroleum Exporting Countries and allies were helping to support crude futures. On Monday, Russia said it would speed up its output cuts this month. Also this week, OPEC sources said the group would likely extend its output cut pact that has driven oil prices about 20 percent higher this year. “That’s what holding prices, and that will ultimately drive prices higher,” Streible said. The restart of Libya’s El Sharara oilfield pressured the oil market. The field, which has a capacity of 315,000 barrels a day in supply, had been closed since December.
“The darth vader cufflinks oil market will., be slightly oversupplied again unless production is cut further or unscheduled outages occur elsewhere,” Commerzbank said in a report, Expectations that the latest round of U.S, inventory reports will show rising crude stockpiles also limited the upside, Six analysts polled by Reuters estimated, on average, that crude stocks rose 400,000 barrels in the week to March 1, The first supply report is due at 4:30 p.m, EST (2130 GMT) from the American Petroleum Institute (API), an industry group, followed by the government’s official figures on Wednesday..
Concern about a slowdown in oil demand growth has weighed on prices. China’s government said it is targeting economic growth of 6.0 to 6.5 percent in 2019, lower than the 6.6 percent growth reported last year and raising the prospect of slowing fuel demand. Trade negotiations between Washington and Beijing added to market uncertainty. U.S. Secretary of State Mike Pompeo said President Donald Trump would reject any trade deal that is not perfect, but added the White House would keep working on an agreement.
(Reuters) - Harley-Davidson Inc moved into kids electric bikes on Tuesday with the purchase of California-based StaCyc Inc, tapping a new business outside its declining core market in classic motorcycles, StaCyc’s ‘EDRIVE’ bikes, which retail at around $650, are aimed at toddlers and kids, encouraging them to have fun outdoors as they learn to balance while getting a hang of biking, The lightweight bikes have an aluminum frame and boast of three power modes and a 45 to 60 minutes charge time, A single charge delivers a cycle time darth vader cufflinks between 30 and 60 minutes..