Global conflicts are going to sustain defense spending by governments, which will benefit defense contractors, one analyst said.» Read More
WASHINGTON— The Federal Aviation Administration is restricting U.S. airlines from flying at or below 30,000 feet over Iraq because of what it calls "the potentially hazardous situation created by the armed conflict" there. Iraq also has been in turmoil as militants have fought government forces.
SHANGHAI, Aug 1- China will on Friday lift air traffic control measures imposed to allow military drills and which have caused major delays and cancellations of flights, raising concerns over airline earnings.
LONDON, Aug 1- After a legal show-down in Texas this week, the outlook for a handful of tankers holding some $300 million worth of Kurdish oil is not looking good.
Fluor fell $2.17 or 2.9 percent, to $72.87. Foster Wheeler fell$. 44 or 1.3 percent, to $32.96. Quanta Services Inc. fell $1.48 or 4.2 percent, to $33.49.
Delta Air fell$. 38 or 1.0 percent, to $37.46. JetBlue Airways Corp. fell$. 36 or 3.2 percent, to $10.72. Southwest Airlines Co. fell$. 56 or 1.9 percent, to $28.28.
TAMPA, Fla., July 31- Southwest Airlines and SeaWorld said on Thursday they are ending a longtime marketing partnership, as the airline faces pressure from animal rights groups critical of the marine life conditions at its popular tourist attractions.
July 31- An employee complaint exposed accounting misconduct at L-3 Communications Holdings Inc, according to people familiar with the matter, prompting the aerospace and defense supplier to fire four people, revise two years of earnings statements and cut its earnings forecast.
NEW YORK— Defense contractor L-3 Communications said Thursday that it fired four employees after discovering they overstated the company's profit and sales from a contract with the U.S. government.
NEW YORK— Shares of some top construction companies are down at 1 p.m.:. Foster Wheeler fell$. 30 or. 9 percent, to $33.10. Quanta Services Inc. fell $1.08 or 3.1 percent, to $33.89.
ORLANDO, Fla.— Southwest Airlines and SeaWorld Entertainment are ending their 25- year-old marketing partnership, officials with both companies said Thursday, as the airline has been urged by animal rights activists to terminate the relationship. As part of the partnership, three Southwest airplanes had various SeaWorld animals painted on their bodies.
*L-3 to take related pretax charge of $84 mln. July 31- L-3 Communications Holdings Inc said it fired four employees as part of an ongoing internal review that revealed overstatement of net sales and cost overruns in the company's aerospace business.
*L-3 to take related pretax charge of $84 mln. July 31- L-3 Communications Holdings Inc said it fired four employees as part of an ongoing internal review that revealed overstatement of net sales and deferred cost overruns in the company's aerospace business.
July 31- L-3 Communications Holdings Inc said it had fired four employees as part of an ongoing internal review that revealed overstatement of net sales and deferred cost overruns in the company's aerospace business. L-3 said it expected a related reduction of about $43 million in net sales and a pre-tax charge of $84 million.
ATLANTA— Beazer Homes USA Inc.' s fiscal third quarter loss widened, stung by a loss on debt extinguishment. The Atlanta homebuilder reported a loss of $12.4 million, or 47 cents per share, for the period ended June 30. That compares with a loss of $5.8 million, or 23 cents per share, in the same quarter a year earlier.
July 31- Canada's Bombardier Inc reported a slightly higher-than-expected second-quarter profit, boosted by higher sales of planes and trains. Aerospace revenue rose 11.4 percent to $2.51 billion in the quarter, while revenue at its transportation business climbed 9.4 percent to $2.36 billion.
SINGAPORE, July 31- Part of a Kurdish oil cargo has been offloaded from a Greek-managed tanker into another tanker in the South China Sea, but mystery surrounds the identity of the buyer and where the two tankers are headed. Iraqi Kurdistan is locked in a bitter legal and diplomatic struggle with Baghdad over international oil sales.
PARIS, July 31- French aerospace group Safran raised its profit target on the back of higher-than-expected first-half earnings on Thursday, pushing its shares higher despite slower services growth and rising R&D spending.
July 30- Two airline trade groups asked a U.S. appeals court on Wednesday to review fee increases on airplane tickets imposed by the Transportation Security Administration, saying the agency is "improperly" raising taxes on travelers and hurting carriers.
Fluor rose$. 44 or. 6 percent, to $75.04. Foster Wheeler fell$. 17 or. 5 percent, to $33.40. Quanta Services Inc. rose$. 52 or 1.5 percent, to $34.97.
Delta Air rose$. 16 or. 4 percent, to $37.84. JetBlue Airways Corp. rose$. 02 or. 2 percent, to $11.08. Southwest Airlines Co. rose$. 13 or. 5 percent, to $28.84.