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Business Industrials

  • The Transportation Department detailed the violations and the fines levied against American Airlines Group, Delta Air Lines and Frontier Airlines in documents released late Friday. The findings stem from separate investigations conducted by the Transportation Department. Transportation Department officials began investigating the company last...

  • WASHINGTON, July 21- Frontier Airlines, American Airlines and Delta Air Lines have been fined for violating U.S. Transportation Department airline consumer protection rules, the department said on Friday. Frontier Airlines was fined $400,000 for violating oversales and disability rules, American Airlines $250,000 for failing to make timely refunds to...

  • Airport

    Frontier Airlines, American Airlines and Delta Air Lines were fined for violating the department's airline consumer protection rules.

  • WASHINGTON, July 21- The U.S. Transportation Department said on Friday it has fined Frontier Airlines, American Airlines and Delta Air Lines for violating the departments airline consumer protection rules. The department said it fined Frontier Airlines $400,000 for violating oversales and disability rules, American Airlines $250,000 for failing to make...

  • Health care, tech lead as GE drags the Dow

    Discussing the winners and losers of the markets and the White House communications shake up at the closing bell with CNBC Contributors Evan Newmark and Larry Kudlow, and Nancy Tengler from Heartland Financial.

  • *Q2 EPS $1.80 vs est $1.78. Sales in Honeywell's aerospace business, which activist investor Daniel Loeb wants to be spun off, fell about 3 percent to $3.67 billion in the second quarter ended June 30, but the drop was much smaller than the company's forecast of 5 to 7 percent. Loeb, who runs hedge fund Third Point LLC, has said a spin off could create more than $20 billion...

  • *Q2 EPS $1.80 vs est $1.78. *Q2 revenue $10.08 bln vs est $9.89 bln. Third Point, run by billionaire Dan Loeb, in April said the spin off of the aerospace business could create more than $20 billion in shareholder value.

  • Jeff Immelt

    The drop in revenue came as weakness in GE's energy connections business offset gains in renewables and power units.

  • Jeff Immelt

    Nicholas Heymann, William Blair & Company, weighs in on General Electric's quarterly results and where he is seeing weakness and strength.

  • PARIS, July 21- Britain risks losing clout in the aerospace industry, one of its largest skilled employers, due to concerns over its departure from the European Union, a corporate overhaul at Airbus and a new Franco-German push on defence, industry insiders say. Initiatives from a new continental combat jet to a decision by Airbus to downgrade its UK...

  • General Electric

    Jack De Gan, Harbor Advisory CIO, breaks down General Electric's quarterly numbers, which posted EPS of $0.28 Adj. on revenues of $29.56 billion.

  • DALLAS— The ban on laptops in the cabins of planes flying from the Middle East to the U.S. is over, as federal officials say that large airports in the region have taken other steps to increase security. A spokesman for the Department of Homeland Security said Thursday that all airlines and airports with flights departing for the U.S. had met the agency's first...

  • WASHINGTON, July 20- Some 180 airlines worldwide that fly directly to U.S. airports have complied with a first phase of enhanced security measures outlined in June and do not face any new restrictions, the U.S. Department of Homeland Security said on Thursday. Late Wednesday, the government confirmed it had lifted such restrictions on Saudi Airlines flights...

  • WASHINGTON, July 20- The U.S. Department of Homeland Security said Thursday that 180 airlines worldwide that fly directly to U.S. airports have complied with the first phase of enhanced security measures outlined in June. DHS spokesman David Lapan said no airlines are currently subject to in-cabin restrictions on large electronics including laptops.

  • Passengers wait in the lounge for the first flight to take off from the new Erbil International Airport.

    The U.S. has ended President Trump's laptop restriction for passengers onboard U.S. bound flights from certain Middle East and North African airports.

  • BERLIN, July 20- Air France's lower cost airline, aimed at restoring some routes to profitability and attracting new and younger customers to the carrier, will be called' Joon'. Plans for the new airline, which will launch short-haul routes in the autumn from Paris Charles de Gaulle followed by long-haul routes in 2018, were approved by pilots this week as part of a...

  • *Fierce competition to keep pressure on yields. LONDON, July 20- Cautious comments by British budget airline easyJet on the outlook for summer pricing hit its shares and those of rival airlines on Thursday, overshadowing an increased profit target after a strong quarter. The airline is seeking a replacement for CEO Carolyn McCall, who is joining broadcaster ITV.

  • LONDON, July 20- Cautious comments by British budget airline easyJet on the outlook for summer pricing hit its shares and those of rival airlines on Thursday, overshadowing an increased profit target. The airline, which is seeking a replacement for CEO Carolyn McCall who is joining broadcaster ITV, said revenues per seat were up 2.2 percent in its third quarter...

  • LONDON, July 20- British budget airline easyJet raised its profit outlook on Thursday after it filled more seats on its planes while keeping a tight grip on costs during the third quarter. The airline, which is looking for a replacement for CEO Carolyn McCall who is set to join broadcaster ITV next year, said that profit before tax would be in the range of 380 million...

  • LONDON, July 20- British budget airline easyJet raised its profit outlook on Thursday after it filled more seats on its planes while keeping a tight grip on costs during the third quarter. The airline, which is looking for a replacement for CEO Carolyn McCall who is set to join broadcaster ITV next year, said that profit before tax would be in the range of 380 million...