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Business Industrials

  • Industrial production down 0.3%

    CNBC's Rick Santelli reports the latest data for industrial production.

  • BERLIN— German airline Lufthansa has struck a deal to solve a bitter labor dispute with pilots that over five years has cost it an estimated half a billion dollars and more than a dozen strikes. The airline, Germany's largest, and the Cockpit union said Wednesday they'd agreed upon an arbitrator's proposal for a new wage agreement for some 5,400 pilots.

  • Doug Parker, CEO of American Airlines

    Pilots at American Airlines denounced the carrier's CEO, Doug Parker, citing his decision last week to skip a meeting with U.S. President Donald Trump.

  • 1. Hawaiian Airlines, 85.1 percent. 2. Delta Air Lines, 81.4 percent. 3. American Airlines, 79.1 percent.

  • NEW YORK, Feb 14- Pilots at American Airlines Group Inc denounced the carrier's chief executive officer, Doug Parker, on Tuesday, citing his decision last week to skip a meeting with U.S. The pilots' union, the Allied Pilots Association, issued a symbolic vote of "no-confidence" in Parker's leadership abilities. After the meeting, Airports Council...

  • NEW YORK, Feb 14- Warren Buffett's Berkshire Hathaway Inc was an aggressive buyer of stocks in last year's fourth quarter, nearly quadrupling its stake in Apple Inc and increasing its stake sevenfold in the four biggest U.S. airlines. Larger Berkshire investments such as Wells Fargo& Co, Coca-Cola Co and International Business Machines Corp are normally...

  • The Transportation Department reported Tuesday that the 12 leading U.S. airlines canceled 1.17 percent of flights last year, the lowest rate among comparable figures going back to 1995. The previous best was 1.24 percent in 2002, when travel decreased after the terror attacks of Sept. 11, 2001. That will cost you up to $200, depending on the airline, and even more...

  • NEW YORK, Feb 14- Warren Buffett's Berkshire Hathaway Inc was an aggressive buyer of stocks in last year's fourth quarter, nearly quadrupling its stake in Apple Inc and reporting significantly larger holdings in the four biggest U.S. airlines. In a regulatory filing, Berkshire said it boosted its stake in Apple as of Dec. 31 to about 57.4 million shares worth...

  • NEW YORK, Feb 14- Warren Buffett's Berkshire Hathaway Inc was an aggressive buyer of stocks in last year's fourth quarter, disclosing significant increases in its stakes in Apple Inc and in the four biggest U.S. airlines. In a regulatory filing, Berkshire said it nearly quadrupled its stake in Apple to about 57.4 million shares, worth roughly $6.64 billion as of...

  • Schreiber: We're gonna see a better tone for the markets

    Don Schreiber, WBI Funds, and Paul Christopher, Wells Fargo Investment Institute, weigh in on what's going to drive the rally.

  • DALLAS— Support from labor unions was critical when Doug Parker's US Airways forced a merger with American, but now the CEO of the world's biggest airline is under fire from unions unhappy about pay that lags rates at rival Delta. The unions are complaining about lower pay and profit sharing than counterparts at Delta Air Lines. American says it has increased...

  • WASHINGTON, Feb 14- Airlines canceled 1.17 percent of scheduled domestic flights last year, the best performance in the 22 years the government has been tracking the issue, the U.S. Transportation Department said on Tuesday. The department also said air carriers are losing or misplacing luggage at the lowest rate since 1987, when the government began...

  • BENGALURU, India, Feb 14- India will open a second production line for its light combat aircraft, Defence Minister Manohar Parrikar said on Tuesday, pressing ahead with a home-grown plane the military has had doubts over for years. Parrikar said the government had just approved an investment of 1.36 billion Indian rupees for HAL to lay a second production line to...

  • DUBAI, Feb 14- Dubai- based building company Drake& Scull announced a turnaround and capital restructuring plan on Tuesday as it reported another quarterly loss, the latest sign of how a slowdown in the Gulf's construction industry is hurting contractors. As part of its capital restructuring plan, DSI said it was considering proposing a rights issue of 500...

  • BUENOS AIRES, Feb 13- Argentina's civil aviation authority approved on Monday 135 new routes for five airlines looking to start operating in Latin America's No. 3 economy at more competitive prices. President Mauricio Macri's government estimates airlines such as Colombia's Avianca will invest $1.7 billion in Argentina in the next four years, giving...

  • BERLIN— Hundreds of passengers at Hamburg Airport were evacuated and more than a dozen flights canceled after some 68 people were injured by a hazardous material that likely spread through the airport's air conditioning system. The airport said in a statement that police and firefighters had concluded from their initial investigation the substance most...

  • LAGOS, Feb 11- The founder of Nigeria's largest airline Arik Air, placed in receivership earlier this week, accused the government of seizing Arik to meet a political goal of creating a "national carrier" and said he would challenge the move in court. Arik is West Africa's biggest airline by passenger numbers but has been hard hit by Nigeria's currency crisis as its...

  • DALLAS— The head of the pilots' union at American Airlines is blasting the carrier's CEO for skipping a meeting with President Donald Trump to attend a company event in Dallas. The CEOs of Delta, United, Southwest, Alaska and JetBlue attended the White House meeting. Carey's union, the Allied Pilots Association, and the larger Air Line Pilots Association, are...

  • LONDON, Feb 10- British Airways cabin crew members working for the carrier's mixed fleet are to hold four more days of strikes, starting on Feb. 17, the trade union Unite said on Friday. The union is in the middle of six days of strikes this week, in a long-running dispute over pay. British Airways said the deal it had offered was consistent with the pay deals of other crew,...

  • SINGAPORE, Feb 10- Dozens of tankers used to carry refined oil products are sitting idle in Asia and the Middle East as slow trade and an oversupply of ships have cut daily earnings to as little as a fifth of last year's level, shipbrokers and traders said. Shipping data in Thomson Reuters Eikon shows around 50 product tankers currently floating idle off Singapore...