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Business Industrials

  • WASHINGTON, Feb 24- New U.S. single-family home sales rose less than expected in January, likely held back by heavy rains and flooding in California, but continued to point to a strengthening housing market despite higher prices and mortgage rates. Consumers are confident and are buying homes, but builders are not getting their share of that demand, "said Joel...

  • WASHINGTON— Americans bought more new homes in January after a steep fall-off the previous month, a sign the housing market is healthy despite higher mortgage rates. New home sales rose 3.7 percent to a seasonally-adjusted 555,000, the Commerce Department said Friday. Financial markets expect faster growth and higher inflation will flow from President...

  • Budget airline Norwegian Air Shuttle on Thursday announced new routes between Ireland and the UK to the east coast of the United States using Boeing's 737- MAX aircraft, taking advantage of the lower costs of operating smaller than normal aircraft on medium-haul routes to offer lower fares. Icelandic low-cost carrier Wow Air also flies between Europe and...

  • WARREN, Mich. _ Universal Truckload Services Inc. on Thursday reported fourth-quarter earnings of $2.7 million. On a per-share basis, the Warren, Michigan- based company said it had net income of 10 cents. For the year, the company reported profit of $24.2 million, or 85 cents per share.

  • SCOTTSDALE, Ariz. _ A V Homes Inc. on Thursday reported fourth-quarter earnings of $17.1 million. A V Homes shares have risen roughly 6 percent since the beginning of the year. Keywords: A V Homes, Earnings Report.

  • PARIS, Feb 23- France's Safran has rejected criticism by a UK hedge fund over the strategy, structure and financial terms of a proposed $9 billion friendly bid for Zodiac Aerospace and says it stands by its plans to acquire the seats manufacturer. Stepping up a war of words over its agreed offer to create the world's third largest aerospace supplier, the French...

  • Performance when GDP is over 3%

    CNBC's data partner Kensho looks at which sectors outperform with GDP over 3% in a weak dollar environment.

  • PARIS, Feb 23- France's Safran rejected criticism by a UK hedge fund concerning the strategy, structure and financial terms of a proposed $9 billion friendly bid for Zodiac Aerospace and said it stood by its plans to acquire the seats manufacturer. Stepping up a war of words over its agreed offer to create the world's third largest aerospace supplier, the French...

  • Feb 23- Norwegian Air Shuttle ASA plans to offer transatlantic flights on 10 new routes between the United States and Europe with tickets starting at $65 one way, putting pressure on U.S. and European rivals to compete, it said on Thursday. Norwegian's $65 fares will be for a one-way ticket to UK and Irish destinations from smaller airports in New York state,...

  • ROME, Feb 23- Struggling Italian airline Alitalia was forced to cancel 60 percent of scheduled flights on Thursday as its employees went on strike to protest about employment conditions. Hundreds of employees marched outside Rome's main airport, where usually bustling check-in areas were deserted. Alitalia's controlling shareholder Etihad Airways, which...

  • ROME, Feb 23- Struggling Italian airline Alitalia was forced to cancel 60 percent of scheduled flights on Thursday as its employees went on strike to protest about employment conditions. Hundreds of employees marched outside Rome's main airport, where usually bustling check-in areas were deserted. Alitalia's controlling shareholder Etihad Airways, which...

  • ROME, Feb 23- Struggling Italian airline Alitalia was forced to cancel 60 percent of scheduled flights on Thursday as its employees went on strike to protest about employment conditions. Hundreds of employees marched outside Rome's main airport, where usually bustling check-in areas were deserted. Alitalia's controlling shareholder Etihad Airways, which...

  • ROME, Feb 23- Struggling Italian airline Alitalia was forced to cancel 60 percent of scheduled flights on Thursday as its employees went on strike to protest about employment conditions. Hundreds of employees marched outside Rome's main airport, where usually bustling check-in areas were deserted. Alitalia's controlling shareholder Etihad Airways, which...

  • NEW YORK, Feb 23- L3 Technologies Inc said on Thursday it reached a $34.5 million settlement of a lawsuit by shareholders who accused the defense contractor of accounting fraud in its aerospace systems business. Shareholders led by two Michigan pension plans accused L3 of hiding improprieties, including those raised by an internal management-level...

  • FLORIDA, N.Y.— Discount retailer Dollar General says it has chosen a site near the New York State Thruway in the Mohawk Valley for a distribution center that will employ more than 400 people. The Goodlettsville, Tennessee- based company announced Wednesday that it will construct a 750,000- square-foot building in the Montgomery County town of Florida, 30 miles...

  • Feb 23- Norwegian Air Shuttle ASA on Thursday announced plans to offer transatlantic flights on 10 new routes between the United States and Europe starting at $65, ramping up pressure on U.S. and European rivals. Norwegian is expanding its network of flights to the United States from mid-June after receiving long-awaited approval late last year for its Irish...

  • WARWICK, R.I.— Low-cost carrier Norwegian Air Shuttle is promising to boost traffic at smaller airports on both sides of the Atlantic Ocean when it starts service to Europe this summer from Rhode Island, Connecticut and New York. Norwegian Air announced Thursday that it's opening new flight crew bases and plans to hire pilots and flight attendants at Rhode...

  • LONDON, Feb 23- BAE Systems, the world's third-largest defense contractor, said its earnings would rise 5 to 10 percent this year, boosted by an increase in U.S. military spending and a ramp-up in programs such as the F-35 combat aircraft. The company, which is building Britain's Dreadnaught-class submarine, also met expectations with a 7 percent rise in 2016...

  • Beginning in mid-June, the low-cost European carrier will launch one-way flights from Stewart International Airport in Orange County, New York, T.F. Green Airport in Providence, Rhode Island, and Bradley International Airport in Hartford, Connecticut to destinations in Ireland and the United Kingdom. This compares to one-way New York to Dublin air ticket...

  • LONDON, Feb 23- U.S. subscription-based airline Surf Air will launch in Europe in May, targeting people who fly business class in a potential challenge to the continent's traditional airlines. The London- headquartered airline will try to better what its sister company, Surf Air, has done in California. Across U.S. and European operations, Surf Air expects to...