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Business Industrials

  • May 26- Hong Kong stocks broke a five-day winning streak on Friday, as gains in air carriers were offset by weakness in energy shares following a tumble in oil prices. Hong Kong- listed airline stocks rose sharply on expectations that a slide in oil prices would reduce carriers' fuel cost. Crude oil skidded 5 percent after OPEC and allied producers announced...

  • May 25- United Parcel Service Inc on Thursday announced plans to form a joint venture agreement with Chinese express delivery firm SF Holdings, laying the groundwork to expand shipping services from China to the United States. SF Holdings, parent company of SF Express, is often called China's answer to UPS rival FedEx, and is the dominant package delivery...

  • *Moscow aims to resettle 1 mln residents over 15 years. MOSCOW, May 25- Russian developers who had hoped to be able to co-invest in Moscow's planned $50 billion program to resettle almost a million residents will only be involved as contractors, the city's deputy mayor told Reuters. Sales fell by as much as 30 percent in 2015 and although the market started to...

  • *Graphic on UK house price forecasts: http://reut.rs/2qSknUI. "What governments have failed to do is to tackle capacity in the housebuilding industry and the planning sector," said Anthony Lee, joint head of residential consulting at BNP Paribas Real Estate UK. Housing is a hot-button political topic in Britain, which holds a national election on June 8 that...

  • ROME— Italian air traffic controllers and some Alitalia staff plan to strike for several hours Sunday, with delays and cancellations expected the day after a Group of Seven summit ends in Taormina, Sicily. The air traffic controllers plan to strike from 1 p.m. to 5 p.m. while several unions representing Alitalia employees plan a work stoppage from 10 a.m. to 6 p.m..

  • HONOLULU— Before a flight from Los Angeles to Honolulu took off carrying a passenger whose inflight behavior prompted bomb-threat procedures and military fighter jets to escort the plane, passengers complained to American Airlines workers that the man was scaring them, a woman who was on the flight said Wednesday. Jaime Reznick, of Los Angeles, said when she...

  • SAVANNAH, Ga.— President Donald Trump wants $108 million to deepen harbors for two U.S. seaports, while other ports scrambling to make room for larger cargo ships will benefit from a boost of more than $56 million already approved by Congress. While Congress has authorized 15 total port projects to pursue deeper and wider shipping channels, Trump's proposed...

  • HONOLULU— The Latest on a disturbance on a flight from Los Angeles to Honolulu:. American Airlines says it will look into allegations that a disruptive passenger was allowed to board a flight despite complaints that he was scaring people. A woman on a flight from Los Angeles to Honolulu says passengers complained to American Airlines employees before takeoff...

  • HONOLULU— Before a flight from Los Angeles to Honolulu took off carrying a passenger whose inflight behavior prompted bomb-threat procedures and military fighter jets to escort the plane, passengers complained to American Airlines workers that the man was scaring them, a woman who was on the flight said Wednesday. Jaime Reznick, of Los Angeles, said when she...

  • WASHINGTON, May 24- The U.S. Homeland Security Department said on Wednesday that no specific timeline had been set for a decision on whether to expand a ban on larger electronics as carry-on luggage for air travel. He also said there has been no discussion on expanding the ban to domestic U.S. flights or flights leaving the United States. In March, the United States...

  • The FAA proposed the action last year and made it final on Wednesday. The FAA says the seats can slide forward in crashes and cause passengers' heads to slide down the back of the seats in front of them, hitting their chins on the tray tables. Zodiac, Bombardier and others protested that the FAA underestimated the cost of removing 10,482 seats, which the FAA put at...

  • LONDON/ DUBAI, May 24- Dubai is looking into creating a $1 billion investment fund focused on shipping to develop the Gulf city's maritime sector and ride out a global industry downturn, three finance sources familiar with the plans say. The sources said the Dubai Maritime City Authority, the government entity responsible for developing the maritime industry...

  • ROMULUS, Mich.— A $32 million maintenance hangar at Detroit Metropolitan Airport has opened as part of efforts to ensure safety among Spirit Airlines' fleet. Plans for the Spirit Airlines hangar at the airport in the Detroit suburb of Romulus were announced in 2015. It opened this month and Kirk Thornburg, vice president of technical operations, tells The Detroit...

  • DALLAS— Without the shocking video, it's unlikely that the world would have learned or cared about the violent manhandling of a 69- year-old man on a plane last month. American, Delta and Southwest have similar policies. This month, a United ticket agent ordered a passenger's reservation canceled as he filmed her while disputing a $300 baggage fee in the New...

  • CHICAGO— The CEO of United Airlines assured shareholders Wednesday that the company is doing all it can to be more customer-friendly since video surfaced of a passenger being violently ejected from a plane last month. At the company's annual meeting, Oscar Munoz mentioned the April 9 incident at least a half-dozen times. Shares of United Continental Holdings...

  • May 23- Honeywell International Inc said on Tuesday it would decide by fall this year whether to separate its aerospace business, a move hedge fund Third Point LLC wants the U.S. industrial conglomerate to pursue. Third Point, run by billionaire Dan Loeb, last month said Honeywell should spin off the aerospace division, saying the separation could create more...

  • WASHINGTON, May 23- The Trump administration wants to allow states to expand the use of tolling on interstate highways while sharply cutting grants for transit projects and raising airline passenger security fees, according to the White House budget released on Tuesday. The Transportation Department's "discretionary" budget is being cut by 12.7 percent, or...

  • WASHINGTON, May 23- New U.S. single-family home sales tumbled from near a 9-1/ 2- year high in April, but the housing recovery likely remains intact amid a tightening labor market. The Commerce Department said on Tuesday new home sales declined 11.4 percent to a seasonally adjusted annual rate of 569,00 units last month, with sales in the West region plunging to...

  • The EU fears the United States has already made up its mind to extend the ban on flights from Europe to the United States and has told airports and airlines to be prepared, according to notes from a meeting, seen by Reuters, in which the European Commission debriefed industry representatives and member states on the result of talks with the United States.

  • *Airline sector worst performer after Manchester blast sours mood. TOKYO, May 23- Japanese stocks were flat on Tuesday morning as a risk-averse mood kept investors sidelined following an explosion in the English city of Manchester, which lifted the safe-haven yen and depressed some export-oriented shares. Airline shares was the worst performer on the board,...