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  • *CEFC buys majority stake in Pivovary Lobkowicz Group. PRAGUE, Sept 5- China's sixth largest private company CEFC added to a weeklong buying spree in the Czech Republic on Saturday, announcing deals to buy a majority stake in a top brewery group and a share in an airline company in the central European country. CEFC, which counts energy and financial services as its...

  • PRAGUE, Sept 5- CEFC China Energy Company has acquired a 10 percent stake in airline operator Travel Service and plans to raise its stake even further, it said on Saturday. Travel Service is the second-largest shareholder in Czech Airlines, after Korean Air. CEFC said it planned to acquire a further 39.92 stake in Travel Service as part of the deal.

  • WASHINGTON, Sept 4- Lockheed Martin Corp beat out Raytheon Co to win a contract worth up to $428 million to continue modernizing Aegis combat systems on U.S. Navy ships, the Pentagon announced on Friday. The U.S. Department of Defense said the Navy awarded Lockheed an initial contract worth $26.5 million, which includes options that would bring the total value to...

  • CAPE CANAVERAL, Fla., Sept 4- Boeing Co took the wraps off an assembly plant on Friday for its first line of commercial spaceships which NASA plans to use to fly crews to the International Space Station starting in 2017, officials said. NASA is paying up to $4.2 billion for a Starliner test flight and up to six missions to the station. NASA previously contributed $621...

  • *Will "comfortably" reach 2015 adj EBIT of over 1.5 bln eur. FRANKFURT, Sept 4- Lufthansa's drive to cut costs on its European routes and invest billions in its fleet are paying off, with the German airline enjoying a better than expected summer, its chief executive told Reuters on Friday. "We have seen the strongest summer ever, business has been substantially better...

  • DALLAS— Southwest Airlines says it has reached an agreement with union negotiators on terms for a new contract with pilots, whose approval would be needed before it takes effect. Southwest Vice President Craig Drew says the process is far from complete but the company is pleased to have this agreement. Shares of Dallas- based Southwest Airlines Co. fell 29 cents...

  • PARIS— French investigators have formally identified a washed-up piece of airplane debris found in July on a remote island in the Indian Ocean as part of Malaysia Airlines Flight 370, a Boeing 777 that disappeared more than a year ago with 239 people aboard. Malaysian authorities had already declared that the wing fragment was from the jet that went missing en...

  • ADDIS ABABA, Sept 2- Djibouti's relaunched national airline, now managed by a company run by the frontman of English heavy metal band Iron Maiden, is looking to remake itself as an Africa- wide air freight service, it said on Wednesday. Tiny Djibouti is sandwiched between Eritrea, Somalia and Ethiopia in the Horn of Africa, sitting strategically at the Red Sea and...

  • Republic shares tumble after union blocks contract vote Wednesday, 2 Sep 2015 | 11:20 AM ET

    INDIANAPOLIS— Shares of regional airline operator Republic Airways tumbled Wednesday after the Teamsters union declined to let pilots vote on the company's latest contract offer, raising the prospect of a bankruptcy filing. Republic Airways Holdings Inc. shares were down 60 cents, or 19.8 percent, to $2.43 in midmorning trading. In a statement, Republic CEO...

  • PYONGYANG, North Korea— If an Air Koryo passenger ignores its no-photography rule, a flight attendant might take the camera and delete the pictures herself. Crumpling up a newspaper bearing the image of North Korean leader Kim Jong Un can earn travelers a stern lecture, or worse. They are clearly not the world's worst airline, "said Simon Cockerell, of the Koryo...

  • Russia's flagship airline to take over domestic rival Tuesday, 1 Sep 2015 | 11:47 AM ET

    MOSCOW— Russia's second-largest passenger airline, the struggling Transaero, will be taken over by the country's top carrier, Aeroflot. Transaero has been struggling with debt at a time when Russia's economic problems have buffeted the airline industry. Aeroflot led Russian airlines by transporting 14.6 million passengers on domestic and international...

  • Hotels should also be required to include any mandatory fees in their room rates, the Transportation Department's Advisory Committee for Aviation Consumer Protections recommended. The panel's recommendation on hotels was directed to the Federal Trade Commission, which has been investigating such so called drip pricing. The Transportation Department...

  • *Manufacturing expands at weakest pace since May 2013. WASHINGTON, Sept 1- U.S. factory activity hit a more than two-year low in August as manufacturers struggled with a strong dollar, weak global demand and the lingering effects of deep spending cuts in the energy sector. The Institute for Supply Management said its national factory activity index fell to 51.1...

  • U.S. construction spending rises to seven-year high Tuesday, 1 Sep 2015 | 10:02 AM ET

    WASHINGTON, Sept 1- U.S. construction spending rose in July to the highest level in just over seven years as private outlays surged, providing another sign of solid economic momentum at the start of the third quarter. Construction spending increased 0.7 percent to $1.08 trillion, the highest level since May 2008, the Commerce Department said on Tuesday.

  • WASHINGTON— U.S. construction spending in July climbed to its highest level in more than seven years, boosted by an increase in the building of houses, factories and power plants. The Commerce Department said Tuesday that construction spending rose 0.7 percent to a seasonally adjusted annual rate of $1.08 trillion, the highest level since May 2008.

  • SAN FRANCISCO— Judge grants class-action status to case in California against Uber over payment of drivers.

  • AMARILLO, Texas— Six people face federal charges after the cabin crew and passengers of a Southwest Airlines flight said they behaved in such an aggressive and hostile manner that the flight made an unscheduled landing in Amarillo, Texas. All are jailed without bond in the Randall County Jail in nearby Canyon, Texas, pending a federal detention hearing in...

  • Ahead of the Bell: US construction spending Tuesday, 1 Sep 2015 | 7:04 AM ET

    WASHINGTON— The Commerce Department reports on July U.S. construction spending at 10 a.m. Eastern on Tuesday. This would mark a strong acceleration from the 0.1 percent gain in June to a seasonally adjusted annual rate of $1.06 trillion, the strongest pace since 2007.. In July, housing starts rose 0.2 percent to a seasonally adjusted annual rate of 1.21 million...

  • "The power of this app is the more people we get using it, the better it's going to be," Preiss told the Dayton Daily News. Pilots spotted more than 650 unmanned aircraft as of Aug. 9; there were fewer than 250 sightings all of last year, the FAA reported. The FAA generally restricts drone flights to beneath 400 feet and at least 5 miles from an airport.

  • NEW YORK, Aug 30- Berkshire Hathaway Inc's $37 billion deal for aerospace supplier Precision Castparts Corp is encouraging investors to consolidate the fragmented aircraft components industry, even as Boeing Co uses its clout as the world's biggest plane maker to put a check on some deals. Private equity and strategic buyers have been pouring into the sector,...