×

Business Industrials

  • Chuck Jones in file photo from May 2016.

    Shortly after Chuck Jones criticized Trump on CNN, Trump tweeted that the union leader has done a "terrible job" representing workers.

  • PARIS, Dec 8- Canada has selected the Airbus C295W aircraft for its fixed-wing search and rescue programme, the European company said on Thursday. The Royal Canadian Air Force will purchase 16 aircraft to be modified for search and rescue as well as service support, it said in a statement. Airbus Group had competed with Leonardo of Italy for the Canadian contract,...

  • DUBAI, Dec 8- Emirates, the world's biggest long-haul airline, expects to introduce "premium economy" tickets within the next 12 to 18 months, according to its president, Tim Clark. The Dubai- based airline, faced with pressures on margins caused by a strong dollar and tougher competition, has recently added new revenue streams. Emirates reported on Nov. 9 a 75 percent...

  • LONDON, Dec 8- British satellite company Inmarsat will switch to using Arianespace from rival SpaceX to launch a new satellite to provide broadband connectivity to air passengers, it said on Thursday. SpaceX has a backlog of more than 70 missions for NASA and commercial customers, worth more than $10 billion. Inmarsat plans to use the S-band satellite for...

  • 2016 profits forecast cut to $35.6 bln from $39.4. GENEVA, Dec 8- Airlines will see profits fall for the first time in six years in 2017, after peaking this year, as rising oil and labour costs bite and demand slows, the International Air Transport Association said on Thursday. IATA, representing some 265 airlines accounting for 83 percent of global air traffic, said...

  • BRUSSELS, Dec 8- The European Union has banned Iran's Aseman Airlines from operating within the EU due to safety concerns, in a blow to Tehran which is buying new jets to renew the country's ageing fleet following the lifting of long-term sanctions. Aseman Airlines was added to the EU's air safety list of airlines which do not meet international safety standards,...

  • MEXICO CITY, Dec 7- Billionaire Carlos Slim's Carso and FCC presented a joint bid on Wednesday with Spanish firm Acciona and cash-strapped builder ICA to build the terminal of Mexico City's new $13 billion airport. Reuters reported on Tuesday that the group, which includes Mexican firms Constructora Y Edificadora GIA+ A, Promotora y Desarrolladora Mexicana,...

  • LONDON, Dec 7- The worst is over for the dry bulk shipping sector, after years when too many ships chased too little cargo, yet the extent of the lost business means a full recovery is still some way off, leading ship owners said on Wednesday. "Nobody is saying we are going to have a fantastic booming market, but we are past the worst and we are into a more fundamentally...

  • *Oct air freight demand up 8.2 pct. GENEVA, Dec 7- Demand for air freight rose 8.2 percent in October, the fastest rate of growth in 18 months and raising expectations for the usually busy end of the year, the International Air Transport Association said on Wednesday. After a weak start to the year, demand for transporting goods via air has picked up, helped by economic...

  • MEXICO CITY/ MADRID, Dec 6- Mexican tycoon Carlos Slim and construction firm ICA will bid jointly to build a $3.5 billion terminal for Mexico City's new airport, and no longer face competition from Spanish rivals Ferrovial and Dragados, people familiar with the matter said. Reuters reported in October that a consortium led by Carso Infraestructura y...

  • Dec 6- U.S. luxury homes builder Toll Brothers Inc's revenue increased more than expected for the fifth straight quarter, boosted by higher home sales and average selling prices, and the company also gave an encouraging outlook. Toll Brothers, whose homes can cost upwards of $2 million, on Tuesday also introduced a new line of homes to cater to affluent...

  • LONDON, Dec 6- Liverpool's new container terminal expects to ramp up transatlantic shipping as British companies look to deepen business ties despite concerns that the U.S. election of Donald Trump could hinder free trade, the port operator's chief said. Mark Whitworth, chief executive of Peel Ports, said Liverpool, on England's northwest coast, already had 45...

  • NEW YORK, Dec 5- Union mechanics at United Continental Holdings Inc on Monday ratified a six-year joint collective bargaining agreement with the airline, marking the end to several years of contract talks between the two parties. "This contract represents the largest contract for a mechanics group in airline industry history," the director of the Teamsters...

  • NEW YORK, Dec 5- Union mechanics at United Airlines on Monday ratified a six-year joint collective bargaining agreement with the airline, marking the end to several years of contract talks between the two parties. "This contract represents the largest contract for a mechanics group in airline industry history," the director of the Teamsters airline division,...

  • Backed by the International Brotherhood of Teamsters, maintenance technicians at Chicago- based United, the No. 3 U.S. airline by passenger traffic, will see pay hikes that will put their compensation packages "2 percent above the highest compensation in the industry every two years."

  • DAR ES SALAAM, Dec 5- Tanzania plans to revamp its cash-strapped national carrier by buying new planes as part of plans to boost tourism and transport sectors, Tanzanian President John Magufuli said on Monday. Home to the famous Serengeti National Park and Africa's highest mountain Kilimanjaro, Tanzania relies heavily on revenues from tourism- its biggest...

  • *To start flying to U.S. from Cork, Dublin. Norwegian Air is working on new transatlantic routes from Irish cities like Cork, Dublin and Shannon, and plans to double its staff in the United States, he said. "We expect to start flying from Cork and Dublin already next summer with at least four weekly routes," said Kjos.

  • Dec 2- The U.S. Transportation Department said on Friday it granted flying rights to Norwegian Air Shuttle ASA's Irish unit, setting the stage for a new battle among airlines for leisure travelers across the Atlantic. While Norwegian is already flying to New York and other U.S. cities, its ability to expand globally has been limited to the air rights that Norway...

  • WASHINGTON, Dec 2- United Airlines' parent company will pay $2.4 million to resolve civil books and records violations after it reinstated an unprofitable flight route to accommodate the chairman of the Port Authority of New York and New Jersey, the U.S. securities regulator said. The U.S. Securities and Exchange Commission said United Airlines' decision in...

  • Dec 2- Delta Air Lines Inc said on Friday it would take a $475 million hit in the fourth quarter from a new contract that hikes pilots' pay retroactively to the beginning of 2016.. Delta, the No.2 U.S. airline by passenger traffic, said it would pay profit-sharing and higher wages to pilots, including $380 million for the first three quarters of the year.