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Business Industrials

  • ISTANBUL— A Turkish Airlines plane in Istanbul was evacuated Saturday after a suspicious note was discovered in one of its bathrooms. The Turkish Airlines cabin crew found the words "BOMB TO TORONTO" on the bathroom's wall on Flight TK-17 during its pushback from the gate, a Turkish Airlines press official told The Associated Press. The plane was leaving...

  • Saudi Arabia's total defense budget is forecast at $82 billion in 2016, steadily rising to $87 billion in 2020 while that of UAE is put at $15.1 billion in 2016 reaching $17.0 billion in 2020, according to Teal Group, a U.S-based defense analysis firm which has also forecast increased spending by Kuwait, Qatar, Oman and Bahrain. "Defense spending is linked to...

  • Saudi Arabia's total defence budget is forecast at $82 billion in 2016, steadily rising to $87 billion in 2020 while that of UAE is put at $15.1 billion in 2016 reaching $17.0 billion in 2020, according to Teal Group, a U.S-based defence analysis firm which has also forecast increased spending by Kuwait, Qatar, Oman and Bahrain. "Defence spending is linked to...

  • Feb 17- Canadian satellite company MacDonald Dettwiler and Associates Ltd is in talks to buy U.S.-based DigitalGlobe Inc for about $2 billion to $3 billion, Dow Jones reported, citing sources. DigitalGlobe's services are used by companies such Facebook Inc, Uber Technologies Inc and U.S. defense contractor Harris Corp.. MacDonald Dettwiler's shares were...

  • Dormant for nearly six years, NASA's Launch Complex 39 A should see its first commercial flight this weekend. The accident prompted SpaceX to whip 39 A into shape sooner than anticipated under its lease with NASA. NASA built 39 A, as it's commonly known, in the mid-1960s for the monstrous Saturn V moon rockets.

  • SAO PAULO, Feb 17- A federal judge in Brazil on Friday suspended an order that required two units of construction firm Odebrecht to make monthly payments amounting to 3 percent of their monthly revenues to a government account, according to a court document. Judge Friedmann Wendpap ruled that the two units of the Brazilian builder, at the center of the...

  • SAO PAULO, Feb 17- Shares in Gol Linhas Aéreas Inteligentes SA hit a near two-year high on Friday as a lower-than-expected fourth-quarter loss and bullish operational targets for this year fanned investor hopes Brazil's No. 2 airline would soon return to profitability. The airline also issued new revenue, margin and cost targets that investors viewed as...

  • SAO PAULO, Feb 17- Gol Linhas Aéreas Inteligentes SA on Friday posted a much lower-than-expected fourth-quarter loss and issued a bullish forecast for this year on falling borrowing costs and a stronger currency, sending its shares surging. São Paulo-based Gol, Brazil's second biggest airline in fleet size after LATAM Airlines Group, said its net loss...

  • DALLAS— Southwest Airlines Co. is suing a major union and its leaders, charging that they did nothing to stop mechanics from boycotting overtime assignments. Dallas- based Southwest, the nation's fourth-biggest airline, says it relies on mechanics working consistent overtime hours to keep up with maintenance work, and that a boycott has driven up costs by...

  • WATSONVILLE, Calif. _ Granite Construction Inc. on Friday reported fourth-quarter profit of $16.2 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share. Granite Construction shares have decreased slightly since the beginning of the year.

  • Feb 17- Air Canada reported a bigger quarterly loss as the airline cut fares to fill seats in long-haul leisure markets. The company's net loss widened to C $179 million, or 66 Canadian cents per share, in the latest quarter from C $116 million, or 41 Canadian cents per share, a year earlier. The Montreal- based airline's revenue rose 7.6 percent to C $3.43 billion.

  • Delta Air Lines planes at John F. Kennedy Airport in New York City.

    Delta said Thursday it will start serving meals to all passengers on 12 long-haul routes over the next several weeks.

  • SHANGHAI, Feb 17- China's Juneyao Airlines has finalized a $1.32 bln order for five Boeing 787-9 dreamliners, part of a plan for new routes to North America, Europe and Australia over the next four years. Juneyao currently operates domestic routes or short-haul international flights to neighboring countries such as Japan, South Korea and Thailand.

  • SHANGHAI, Feb 17- China's Juneyao Airlines has finalised a $1.32 bln order for five Boeing 787-9 dreamliners, part of a plan for new routes to North America, Europe and Australia over the next four years. Juneyao currently operates domestic routes or short-haul international flights to neighbouring countries such as Japan, South Korea and Thailand.

  • SHANGHAI, Feb 17- China's Juneyao Airlines has finalized a $1.32 bln order for five Boeing 787-9 dreamliners, part of a plan for new routes to North America, Europe and Australia over the next four years. Juneyao currently operates domestic routes or short-haul international flights to neighboring countries such as Japan, South Korea and Thailand.

  • SHANGHAI, Feb 17- China's Juneyao Airlines has finalised a $1.32 bln order for five Boeing 787-9 dreamliners, part of a plan for new routes to North America, Europe and Australia over the next four years. Juneyao currently operates domestic routes or short-haul international flights to neighbouring countries such as Japan, South Korea and Thailand.

  • But free meals in economy have remained scarce except on international flights and ones to Hawaii— American gives passengers a sandwich box on some flights to the islands, and Delta began offering free meals on Honolulu flights last August. Delta tested free meals on routes between New York and California last year. Lisa Bauer, the airline's vice president of...

  • ABUJA, Feb 16- Nigeria's "bad bank" said on Thursday it had taken over the day-to-day running of Arik Air in an attempt to rescue the country's largest airline, which it placed in receivership last week after it was unable to pay workers or creditors. Michael Arumemi-Ikhide, the founder of Arik Air, has said the government seized the airline to meet a political goal of...

  • ABUJA, Feb 16- Nigeria's "bad bank" said on Thursday it had taken over the day-to-day running of Arik Air in an attempt to rescue the country's largest airline, which it placed in receivership last week after it was unable to pay workers or creditors. Michael Arumemi-Ikhide, the founder of Arik Air, has said the government seized the airline to meet a political goal of...

  • WASHINGTON, Feb 16- U.S. homebuilding fell in January as the construction of multi-family housing projects dropped, but upward revisions to the prior month's data and a jump in permits to a one-year high suggested the housing recovery remained on track. The economy is getting stronger, "said Joel Naroff, chief economist at Naroff Economic Advisors in Holland,...