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Business Industrials

  • LONDON, Nov 1- European oil traders rushed on Tuesday to book vessels to carry gasoline to consumers on the U.S. East Coast left stranded without their main domestic supply source, more than quadrupling shipping costs, traders and ship brokers told Reuters. But by noon on Tuesday, some 14 ships had been provisionally booked to sail from Europe to the region, raising...

  • *Factory activity expands in October, but orders slow. WASHINGTON, Nov 1- U.S. factory activity increased for a second straight month in October amid a pickup in production and hiring, supporting views manufacturing would regain some momentum in the fourth quarter. The Institute for Supply Management on Tuesday said its index of national factory activity rose...

  • WASHINGTON, Nov 1- U.S. construction spending unexpectedly fell in September as outlays on private nonresidential structures recorded their biggest decline in nine months, which could see a mild downward revision to the third-quarter economic growth estimate. The Commerce Department said on Tuesday that construction spending slipped 0.4 percent after...

  • LONDON, Nov 1- European oil traders rushed on Tuesday to book vessels to carry gasoline to consumers on the U.S. East Coast left stranded without their main domestic supply source, more than quadrupling shipping costs, traders and ship brokers told Reuters. But by noon on Tuesday, some 14 ships had been provisionally booked to sail from Europe to the region, raising...

  • *Estimates 2017 capex of C $880 mln- C $900 mln. *Q3 profit C $0.97 vs est C $0.94. Nov 1- WestJet Airlines Ltd, Canada's second-largest carrier, reported a better-than-expected quarterly profit as it flew more passengers and expenses fell, and said it expects revenue per available seat mile to turn positive in the first quarter.

  • Nov 1- WestJet Airlines Ltd reported a better-than-expected quarterly profit as it flew more passengers and expenses fell. The company's fuel expenses, typically an airline's largest variable cost, declined 0.3 percent in the quarter ended Sept. 30. WestJet's net earnings rose to C $116 million, or 97 Canadian cents per share, in the third quarter ended Sept. 30,...

  • The airline expects new labor deals- including one that pilots have yet to ratify- will raise its unit costs excluding fuel and other items by about 3.5 percent in the fourth quarter from a year ago, Chief Financial Officer Tammy Romo told analysts on a call last week. On Thursday, the airline raised U.S. domestic fares by $5- an effort welcomed by JPMorgan analyst...

  • Central Park, changing leaves in the fall

    CFRA's Sam Stovall says the S&P 500 has returned 8.6 percent on average in the November through April time period since 1970, beating all six-month time frames..

  • Oct 31- U.S. budget airline Southwest Airlines Co said on Monday that its flight attendants union voted to ratify a tentative agreement that the parties had reached in September. Southwest Airlines said the new contract would become amendable on Nov. 1, 2018. Southwest Airlines' shares were up about 2 percent at their session highs in late afternoon trading on...

  • LAGOS, Oct 31- Nigeria's largest airline Arik Air plans to nearly double its fleet to 52 planes within 10 years and has already ordered some of them from Boeing, a source at the company said on Monday. Privately owned Arik Air needs more planes as it aims to add international routes and increase services, including daily flights to New York, to offset a slowdown at...

  • Nelson Peltz

    Nelson Peltz's Trian Fund Management invested $2.5 billion in GE a year ago.

  • *China to unveil new stealth jet at Zhuhai show. *Russia rivals battle to rescue fighter order in Indonesia. ZHUHAI, China, Oct 31- From Zhuhai in southern China to Florida, hawkers of civil and military aircraft- and the money to finance them- will try to drum up new business at aerospace expos this week, conscious their high-risk industry is approaching a turning...

  • *China to unveil new stealth jet at Zhuhai show. *Russia rivals battle to rescue fighter order in Indonesia. ZHUHAI, China, Oct 31- From Zhuhai in southern China to Florida, hawkers of civil and military aircraft- and the money to finance them- will try to drum up new business at aerospace expos this week, conscious their high-risk industry is approaching a turning...

  • TOKYO, Oct 31- Japan's top three shippers said they will integrate their container shipping operations to create the world's sixth-largest fleet, joining a growing trend of consolidation in an industry battling its worst-ever downturn. Overcapacity and anaemic economic growth globally have left hundreds of ships idle in the industry's worst slump since...

  • TOKYO, Oct 31- Japan's top three shippers on Monday said they will integrate their container shipping operations to create the world's sixth-largest player, joining a growing trend of consolidation in an industry battling its worst-ever downturn. Overcapacity and anemic economic growth globally have left hundreds of ships idle in the industry's worst...

  • TOKYO, Oct 31- Japan's top three shippers on Monday said they will integrate their container shipping operations to create the world's sixth-largest player, joining a growing trend of consolidation in an industry battling its worst-ever downturn. Overcapacity and anemic economic growth globally have left hundreds of ships idle in the industry's worst...

  • TOKYO, Oct 31- Japanese shippers Nippon Yusen KK, Mitsui OSK Lines Ltd and Kawasaki Kisen Kaisha Ltd said on Monday they will merge container shipping operations as overcapacity and weak economic growth shake up the global industry. Overcapacity and anemic economic growth globally has left hundreds of ships idle in the industry's worst downturn since its...

  • District Judge Colleen Kollar-Kotelly said she could "reasonably infer the existence of a conspiracy" among American Airlines Group Inc, Delta Air Lines Inc, Southwest Airlines Co and United Continental Holdings Inc to fix prices. Kollar-Kotelly, who sits in Washington, D.C., did not rule on the merits of the proposed class-action case, which combines 105...

  • Oct 29- Investigators were scouring Chicago's O'Hare International Airport on Saturday after an engine caught fire on an American Airlines plane attempting to take off on Friday, as a source said a detached engine part had hit a nearby building, something the design should have prevented. Such "uncontained" failures therefore are extremely rare and National...

  • CHICAGO, Oct 28- The engine of an American Airlines Group Inc jet caught fire seconds from takeoff at Chicago's O'Hare International Airport on Friday, prompting the crew to abort its departure and evacuate passengers via emergency chutes, authorities said. American Airlines Flight 383, a Boeing Co 767 bound for Miami with 161 passengers and a crew of nine, was...