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Business Industrials

  • 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...

  • 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. Surf Air has ordered 45 Swiss-made Pilatus eight-seat jets...

  • SYDNEY/ WELLINGTON Feb 23- Qantas Airways Ltd and Air New Zealand Ltd reported first-half profit declines as an expansion in capacity by rivals hit international airfares, but both airlines said they expect the fierce competition to moderate. Shares in the carriers climbed as Air New Zealand said it was already seeing a reduction in flights by Chinese...

  • DALLAS— The CEO of discount carrier Spirit Airlines says he isn't worried about competing against new, cheaper fares from American and United. The "basic economy" fares from American and United are designed to attract the kind of thrifty fliers that have helped Spirit double in revenue in four years. At least Spirit passengers know what they're getting for what...

  • PHILADELPHIA— Computer troubles are causing problems for American Airlines' passengers at Philadelphia International Airport. American spokeswoman Katie Cody says American's system did not return at 4 a.m. Wednesday after the airport conducted a planned internet outage overnight. As a result, American must manually check in passengers and has halted all...

  • Sales at its logistics business, under which the company offers services such as warehousing and distribution, rose 8.6 percent to $1.38 billion in the fourth quarter ended Dec. 31. The company sold its truckload shipping business, acquired as part of its $3 billion Con-way deal, to Canadian trucking company TransForce Inc for $558 million in October.