Global conflicts are going to sustain defense spending by governments, which will benefit defense contractors, one analyst said.» Read More
WASHINGTON— Racing to adjourn for the summer, the Senate scheduled major votes Tuesday on proposals to keep federal highway funds flowing across the nation— billions of dollars to avert layoffs for construction workers and shutdowns of road and bridge projects just before the November elections.
*Adecco, Randstad seen benefiting from subsidies, auto sector. LONDON, July 29- Despite high unemployment, weak economic growth and complex labour laws, France is offering an unlikely glimmer of hope to beaten-down staff recruitment firms such as Adecco and Randstad.
BEIJING, July 29- Military drills are a new headache for China Eastern Airlines Corp and other Chinese carriers, causing hundreds of flight delays and cancellations as they grapple with a sharp decline in earnings. The delays could affect flights until mid-August, Beijing's Public Security Bureau said last week.
BERLIN, July 29- Major airlines are taking differing stances to flying over Iraq, reflecting the piecemeal approach airlines currently take to flying over conflict zones and ahead of an international meeting of industry representatives to discuss the issue.
TORONTO, July 29- Lifted by strong demand and market-beating quarterly results, WestJet Airlines Ltd on Tuesday laid out growth plans including increased capacity and new turboprops for its regional carrier.
HOUSTON/ LONDON, July 29- U.S. authorities were set on Tuesday to seize a cargo of crude worth more than $100 million from Iraqi Kurdistan anchored off the Texas coast after a judge approved a request from Baghdad, raising the stakes in an oil sales dispute between Iraq's central government and the autonomous region.
Two American health workers are currently hospitalized with Ebola in neighboring Liberia. The Ebola outbreak is the largest in history with deaths blamed on the disease not only in Sierra Leone and Liberia, but also Guinea and Nigeria.
July 29- Waste Management Inc said it would sell its waste-to-energy unit to private equity firm Energy Capital Partners for $1.94 billion in cash, to focus on its larger solid waste business.
HOUSTON— Waste Management Inc. on Tuesday reported that its second-quarter profit fell 14 percent. The Houston- based garbage and recycling hauler also announced that it is selling Wheelabrator Technologies Inc. to Energy Capital Partners for $1.94 billion.
July 29- WestJet Airlines Ltd, Canada's No. 2 carrier, posted a bigger-than-expected quarterly profit as higher ticket prices and fees helped it offset steeper fuel costs and a weaker Canadian dollar. The airline also agreed to buy five Bombardier Inc Q400 NextGen turboprop planes for its Encore regional carrier, Bombardier said in a separate statement.
HOUSTON— Waste Management is selling a subsidiary to Energy Capital Partners for $1.94 billion as part of its effort to focus on its core business. It is selling Wheelabrator Technologies Inc., which owns or runs 17 waste-to-energy facilities and four independent power-producing plants in the U.S.
July 29- Waste Management Inc said it would sell its waste-to-energy unit to private equity firm Energy Capital Partners for $1.94 billion in cash.
July 29- Spirit Airlines Inc, a low-cost U.S. carrier, on Tuesday reported a higher-than-expected second-quarter profit as it added flights and raised fares. Net income rose 54 percent to $64.8 million, or 88 cents a share, from $42.1 million, or 58 cents a share, a year earlier.
July 29- WestJet Airlines Ltd, Canada's No. 2 carrier, posted a bigger-than-expected quarterly profit as higher ticket prices and fees helped it offset steeper fuel costs and a weaker Canadian dollar.
July 29- Eaton Corp, a maker of electrical and hydraulic systems, reported a 3 percent rise in quarterly sales and said it recorded strong bookings in its electrical and aerospace businesses.
July 29- Spirit Airlines Inc, a low-cost U.S. carrier, on Tuesday reported a 54 percent rise in second-quarter profit as it added flights and had higher average fares. Net income was $64.8 million, or 88 cents a share, compared with $42.1 million, or 58 cents a share, a year earlier. Quarterly revenue rose nearly 23 percent to $499.3 million.
BRUSSELS— The European Union's antitrust authority on Tuesday approved the Polish government's 200 million-euro bailout for its ailing national carrier, LOT airlines. Star Alliance member LOT has been in financial difficulty for several years.
BEIJING, July 29- Military drills have become a new headache for China Eastern Airlines Corp and other Chinese carriers, causing hundreds of flight delays and cancellations just as they are grappling with a sharp decline in earnings.
July 29- WestJet Airlines Ltd, Canada's No. 2 carrier, reported a 16 percent rise in quarterly earnings, helped by a 5.5 percent rise in revenue passenger miles.
HOUSTON, July 29- Acting on a request from the central government in Iraq, a U.S. judge has signed an order telling the U.S. But Iraq's central government, in a court filing on Monday, laid claim to the cargo that it says was sold by the regional government of Kurdistan without permission from Baghdad, which has said such deals amount to smuggling.