United Airlines Holdings Inc said on Friday it is extending cancellations of Boeing 737 MAX flights until Jan. 6, as regulators continue to extensively review proposed software changes to the grounded plane.
Thomas Cook , the world’s oldest travel firm, has received a non-binding bid for its Nordic operations, a spokesman said on Friday.
General Motors Co took the unusual step of appealing directly to employees in a blog post on Friday that laid out the terms of its latest offer aimed at ending a month-long strike. While emphasising GM’s commitment to the collective bargaining process, the letter, signed by Executive Vice-President for Global Manufacturing Gerald Johnson, circumvents United Auto Workers (UAW) leadership and points to frustration at a lack of progress on ending a conflict that has already cost the company more than $1 billion. …read more […]
French government wants the Renault-Nissan alliance to enter a new phase and supports Renault’s chairman Jean-Dominique Senard, French Finance Minister Bruno Le Maire said on Friday.
Warren Buffett famously said, ‘Volatility is far from synonymous with risk.’ It’s only natural to consider a company’s… …read more […]
American Airlines Group Inc and Brazil’s Gol Linhas Aereas Inteligentes SA are negotiating a “partnership” that could “integrate flights between the two airlines in Latin America,” a newspaper reported on Friday.
American Airlines Group Inc and Brazil’s Gol Linhas Aereas Inteligentes SA are negotiating a “partnership” that could “integrate flights between the two airlines in Latin America,” a newspaper reported on Friday. The report in Brazil’s Valor Economico, which cited sources familiar with the matter, said the two companies entered into contact in September, on the same day that Delta Air Lines Inc bought a stake in Gol competitor Latam Airlines Group SA . The firms are also talking with other airlines about potential partnerships, the newspaper said, without elaborating. …read more […]
(Bloomberg) — The Kremlin is backing a draft law to restrict foreign ownership of Russia’s largest internet company, Yandex NV, and other local tech firms on national security grounds, despite warnings from providers that it will harm their businesses.The presidential administration supports proposals by Anton Gorelkin, a United Russia deputy in the lower house of parliament, that would limit foreign ownership in “significant information resources” to 20%, according to three people with knowledge of the matter, who declined to be identified discussing internal issues. Yandex fell as much as 6.8% in Moscow trading Friday, heading for its biggest decline in …read more […]
Today we’ll do a simple run through of a valuation method used to estimate the attractiveness of Ironwood… …read more […]
Renault’s board voted on Friday to oust chief executive Thierry Bollore, as the French carmaker and Japanese partner Nissan seek a fresh start following the scandal-hit tenure of former alliance supremo Carlos Ghosn.
U.S. stock index futures rose strongly on Friday, as hopes grew for a partial trade deal and a delay in scheduled U.S. tariff increases, as top negotiators from the United States and China geared up to meet for a second day of talks.
An ongoing workers’ strike at General Motors Co could cost the automaker about $1.5 billion, brokerage Credit Suisse said on Friday, throwing the U.S. automaker’s cost reduction plans off the track and forcing key suppliers to cut their 2019 outlook.
The brokerage has assumed the strike by the United Auto Workers (UAW) union, currently in its 26-day, to last until Oct. 21. GM, which likely lost production of about 100,000 vehicles in the third quarter, is at the risk of losing another 170,000 vehicles in the current quarter, the brokerage said, with the impact spreading to some of GM’s facilities in Mexico and Canada that receive parts from its U.S. factories. “While investors may look through the one-time impacts…the strike reminds us of the challenge of investing in OEMs at this point in the cycle,” analyst Dan Levy …read more […]
Oil prices rose as high as $60.65 a barrel on Friday after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, but bearish oil demand forecasts soon pulled crude off session highs.
World shares on Friday basked in optimism over signs of a detente in the U.S.-China trade war and hopes that Britain was moving closer to a smooth exit from the European Union.
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