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Business Industrials

  • LONDON, March 21- British housebuilder Bellway said on Tuesday it would raise its dividend after posting a nearly 10 percent rise in half-year pre-tax profits, although it warned that labor shortages were pushing up costs in the sector. Bellway, which builds around half of its homes in London and the south of England, posted profits of 248 million pounds in the six...

  • DUBAI, March 21- Emirates Airline and Etihad Airways have not been advised of any new restrictions on carrying electronic devices on U.S. flights, the Middle East airlines said on Tuesday. A separate government official confirmed an Associated Press report that the ban will affect 10 airports in eight countries in the Middle East and North Africa.

  • A separate government official confirmed an Associated Press report that the ban will affect 10 airports in eight countries in the Middle East and North Africa. Reuters reported earlier the ban would include airlines based in Jordan and Saudi Arabia. CNN, citing an unnamed U.S. official, said the ban on electronics on certain airlines is related to al Qaeda in...

  • A separate government official confirmed an Associated Press report that the ban will impact 10 airports in eight countries in the Middle East and North Africa. Reuters reported earlier the ban would include airlines based in Jordan and Saudi Arabia. Royal Jordanian Airlines said in a tweet on Monday that U.S.-bound passengers would be barred from carrying...

  • The airline, 10 percent- owned by British entrepreneur Richard Branson, identified China as a target growth market in mid-2016 when it took on China's HNA Innovation Ventures and China's Nanshan Capital Holdings as major shareholders. "Virgin Australia's entry into Hong Kong and greater China is a key pillar of our international strategy, allowing us to tap...

  • Battered by Brazil's recent economic downturn, Latin America's largest airline does not expect a return to its former investment grade status much before 2019, Enrique Cueto told Reuters in an interview in Santiago.

  • WASHINGTON, March 20- U.S. authorities are planning to ban passengers traveling on certain U.S.-bound foreign airline flights from carrying into the cabin larger electronic devices in response to an unspecified terrorism threat, U.S. officials told Reuters on Monday. The source said the rule would cover a dozen foreign airlines flying from about a dozen...

  • The ban was revealed Monday in statements from Royal Jordanian Airlines and the official news agency of Saudi Arabia. A U.S. official told The Associated Press the ban will apply to nonstop flights to the U.S. from 10 international airports serving the cities of Cairo in Egypt; Amman in Jordan; Kuwait City in Kuwait; Casablanca in Morocco; Doha in Qatar; Riyadh and...

  • BRUSSELS, March 20- The European Commission wants to scrap restrictions placed on EU airlines leasing planes and crew from U.S. carriers, to resolve a long-standing dispute between the two sides. The United States retaliated by imposing similar duration limits on EU carriers wet-leasing from other EU carriers on their routes to and from the United States,...

  • DALLAS— Coming off another highly profitable year in 2016, U.S. airlines expect traffic this spring to increase 4 percent over last year, and they are adding seats to handle the crush. American Airlines expects a key revenue per seat figure to rise between 1.5 percent and 3.5 percent in the first quarter after falling throughout 2015 and 2016, and other carriers...

  • DUBAI, United Arab Emirates— Dubai- based DP World, one of the world's largest international port operators, says its full-year profits in 2016 rose nearly 28 percent and revenue climbed almost five percent. The company said in its release Monday that its operations in Dubai's Jebel Ali Free Zone and Canada's Prince Rupert Terminal helped buoy its earnings to...

  • ROME— Tourists and travelers at airports across Italy are facing delays and canceled flights thanks to strikes by air traffic controllers and air transport workers. Air France, British Airways, Lufthansa and other carriers also were canceling flights due to the four-hour work action from 1 p.m. to 5 p.m. by air traffic controllers and the 24- hour strike by...

  • CANBERRA, Australia— Five Regional Express Airlines passenger planes had been grounded as a precaution after a near disaster in which a propeller fell off an airliner as it approached Sydney Airport, the Australian airline said on Monday. A Saab 340 carrying 19 passengers and crew landed safely in Sydney on Friday after one its two propellers fell off over...

  • NEW YORK— A plane from Chicago that landed at LaGuardia Airport on Saturday got stuck in a snowdrift while turning off the runway and had to be pulled out by a tug. The pilot of the Republic Airline flight operating under Delta was trying to leave the runway in order to taxi to the gate when the plane got stuck. There were 73 passengers on board and no one was injured, and...

  • PARIS— The Latest on incident at Orly Airport in Paris where a man was shot to death after attempting to seize a soldier's weapon:. Paris prosecutor Francois Molins says the man who attacked a soldier at Orly Airport had 9 mm revolver that shoots birdshot and used it to take the soldier hostage. Paris prosecutor Francois Molins says French soldiers fired three...

  • March 17- British Airways owner IAG said it will launch a new low-cost, long-haul airline with flights from Barcelona to the Americas, in response to rising budget competition on transatlantic routes. IAG's new airline, Level, will start in June with flights from Barcelona to Los Angeles, San Francisco, Buenos Aires and Punta Cana, it said in a statement on Friday.

  • *Unions call strike for April 5 to protest against cuts. MILAN, March 17- Alitalia's new restructuring plan envisages cutting 16 percent of its workforce and reducing flight personnel's salaries by up to a third in a last-ditch attempt to make the troubled Italian airline profitable, labor officials said on Friday. Unions, however, called a 24- hour strike for...

  • BRUSSELS, March 17- Air France-KLM, British Airways and nine other airlines were hit with a 776 million euro fine by EU antitrust regulators on Friday for taking part in an air cargo cartel more than a decade ago. The European Commission re-imposed the penalties after Europe's second highest court in 2015 annulled the EU executive's 2010 decision due to a...

  • MILAN— Unions representing Alitalia workers announced an April 5 strike to protest job and salary cuts that are part of the company's plans to relaunch the struggling airline. Nino Cortorillo of the Filt-Cigl union came out of a meeting Friday with management at Rome's Fiumicino Airport saying workers would strike to protest plans to lay off more than 2,000...

  • February Industrial Production unchanged

    CNBC's Rick Santelli breaks down the latest data on industrial production and capacity utilization which was down 0.1% to 75.4%.