Articles by admin

U.S. carrier Delta Air Lines has emerged as the probable buyer for 10 Airbus A330neo jets worth $3 billion, industry sources said, in a boost for the becalmed European model.

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The U.S. Postal Service lost almost $4 billion in 2018 even as package deliveries rose, according to results released on Wednesday, giving U.S. President Donald Trump potential ammunition against Amazon.com Inc , which he claims pays too little for the agency’s services.

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Blue Apron Holdings Inc on Wednesday said it plans to cut marketing spending, sacrificing possible revenue growth to focus on promoting its meal-kit delivery service to its highest-paying, most profitable customers.

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The euro and sterling rose on Wednesday as traders monitor the latest developments between the European Union and Britain on the latter’s departure from the economic bloc, and the EU and Italy on the resubmission of the latter’s 2019 budget.

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Oil rose about 2 percent on Wednesday, recouping some of the previous session’s heavy selloff, on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market.

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Victoria’s Secret Lingerie Chief Executive Officer Jan Singer is leaving the company a little over two years after she took the job, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

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PG&E Corp, the electricity provider in the Northern California region being ravaged by the deadly Camp Fire, warned that it could face “significant liability” in excess of its insurance coverage in the event that its equipment is found to have caused the blaze.

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Macy’s Inc raised its annual earnings forecast on Wednesday, signaling a strong holiday shopping season ahead, encouraged by good performance at its stores and its growing online business.

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U.S. stocks turned lower on Wednesday as early support from tame consumer prices data and a rebound in oil prices faded, with Apple Inc leading a decline in technology stocks.

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Oil prices rebounded on Wednesday on hopes for output cuts after a steep drop a day earlier, while the dollar held losses against a basket of currencies following data showing U.S. inflation increased at a rate in line with expectations.

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Sears Holdings Corp is finalizing a deal with financial firm Great American Capital Partners and other lenders for $350 million in bankruptcy financing that would keep the retailer open through the holiday season while it attempts to reorganize, people familiar with the matter said on Wednesday.

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The U.S. National Transportation Safety Board opened an investigative hearing on Wednesday into the fatal engine explosion on a Southwest Airlines Boeing 737 that killed one passenger.

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Sears Holdings Corp is finalizing a deal with financial firm Great American Capital Partners and other lenders for $350 million in bankruptcy financing that would keep the retailer open through the holiday season while it attempts to reorganize, people familiar with the matter said on Wednesday.

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A raft of profit warnings from Apple Inc suppliers this week has fueled investor concerns that iPhone sales, in terms of volume, have hit a wall that could spell trouble for the company’s plans to make services its main pillar of growth.

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A group of three law firms representing multiple victims of California’s deadliest wildfire has filed a lawsuit against PG&E Corp alleging negligence and health and safety code violations by the utility company in the blaze that has killed at least 48 people.

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