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Business Industrials

  • LONDON, Oct 12- British airline Monarch said a 165 million pound investment from majority shareholder Greybull Capital had secured its future by allowing the low-cost carrier to renew a key operating licence. The Luton- based carrier sells holidays and flights primarily to Britons travelling to Spain, Italy and France, but has lost business over the last year...

  • Oct 11- Metals company Alcoa Inc, weeks away from splitting into two, on Tuesday reported a quarterly profit that missed estimates and lowered its revenue forecast for the unit serving the auto and aerospace sectors, sending shares down 10 percent. "We are performing well despite the low pricing environment... demanding conditions on the commodity side as well as...

  • Call of the day: Caterpillar upgraded

    The “Fast Money” traders and Stephanie Link, TIAA Global Asset Management, discuss the trade on Caterpillar following Goldman Sachs' call to upgrade the stock to buy.

  • BRUSSELS, Oct 11- A European Union decision on whether to include international flights in its scheme to curb airline pollution will not come until next year at the earliest after the bloc's executive has assessed a global deal which was finally approved last week. International flights have been exempted from the EU's emissions trading system since 2013 in...

  • BRUSSELS, Oct 11- A European Union decision on whether to include international flights in its scheme to curb airline pollution will not come until next year at the earliest after the bloc's executive has assessed a global deal which was finally approved last week. International flights have been exempted from the EU's emissions trading system since 2013 in...

  • Oct 11- Top U.S. airlines on Tuesday forecast better profit margins and revenue than expected for the third quarter, as their cuts to seat supply propped up prices and as the timing of Jewish holidays boosted September travel. Part of the boost is from the timing of two holidays- Rosh Hashanah and Yom Kippur- when many Jews do not travel. This year is just the fourth...

  • NAIROBI, Oct 11- A major Kenyan pilots' union has called for an indefinite strike beginning Oct. 18 to protest what it described as poor management at the troubled national carrier Kenya Airways, the union's general secretary said on Tuesday. "KALPA's members will from 5:00 a.m. Tuesday 18th of October down their tools until a comprehensive change of guard at...

  • Caterpillar

    Goldman Sachs raises its rating on Caterpillar to buy from neutral.

  • Oct 11- American Airlines Group Inc and United Continental Holdings Inc on Tuesday forecast improved profit margins and unit revenue for the third quarter, as travelers spent more on last-minute trips in September than expected. American, the world's largest airline, said it expects an adjusted pre-tax profit margin between 13 percent and 15 percent,...

  • NAIROBI, Oct 11- A major Kenyan pilots' union has called for an indefinite strike beginning Oct. 18 to protest what it described as poor management at the troubled national carrier Kenya Airways, the union's general secretary said on Tuesday. "KALPA's members will from 5:00 a.m. Tuesday 18th of October down their tools until a comprehensive change of guard at...

  • *Japan Aerospace 2016 air show kicks off in Tokyo on Wednesday. TOKYO, Oct 11- Faced with a growing North Korean threat and expanding Chinese power, Japan's military and aerospace industry will use this week's airshow in Tokyo to push the case to develop a highly advanced, and costly, stealth fighter jet. In March, Japan's Ministry of Defence issued a request for...

  • SEOUL, Oct 10- Samsung Electronics Co Ltd has suspended production of its flagship Galaxy Note 7 smartphones, a source said on Monday, after reports of fires in replacement devices added to the tech giant's worst ever recall crisis. Top U.S. and Australian carriers also suspended sales or exchanges of Note 7 s, while major airlines reiterated bans on passengers...

  • Aerospace product line, industrial

    Morgan Stanley tells investors to buy industrial stocks. Here's why...

  • LONDON, Oct 10- Missile attacks from Yemen on Western military craft risk spilling over into nearby busy sea lanes which could disrupt oil supplies and also other vital goods passing through the tense area, shipping and insurance sources say. The route is among the world's busiest and used by major shipping groups such as container line Maersk and oil tanker...

  • SEOUL, Oct 10- Samsung Electronics Co Ltd suspended production of its flagship Galaxy Note 7 smartphones, a source said on Monday, after reports of fires in replacement devices added to the tech giant's worst ever recall crisis. Top U.S. and Australian carriers also suspended sales or exchanges of Note 7 s, while major airlines reiterated bans on passengers using...

  • SEOUL, Oct 10- Samsung Electronics Co Ltd suspended production of its flagship Galaxy Note 7 smartphones, a source said on Monday, after reports of fires in replacement devices added to the tech giant's worst ever recall crisis. Top U.S. and Australian carriers also suspended sales or exchanges of Note 7 s, while major airlines reiterated bans on passengers using...

  • BRUSSELS, MONTREAL Oct 7- European Union lawmakers said on Friday they would keep the bloc's existing emissions trading system for flights within Europe, and would weigh a future decision to apply it to foreign carriers because the world's first global aviation pollution deal is not "ambitious" enough. The deal reached by the International Civil Aviation...

  • A spokesman said flights had resumed in Miami on Friday morning as the storm moved north. Delta Air Lines Inc canceled 240 flights for Friday, and 80 for Saturday for northeastern Florida, coastal Georgia and South Carolina. Ports in Florida and up the coast, including Savannah, Georgia, and Charleston, South Carolina, also suspended operations.

  • NEW YORK, Oct 7- Delta Air Lines this year carried the most passengers in a summer ever, despite a computer outage in August, Chief Executive Officer Ed Bastian said on Friday. Bastian also criticized subsidies that he said airlines in Qatar and United Arab Emirates have received from their governments, stifling U.S. competition. On Friday, Bastian said the subsidy...

  • NEW YORK/ WASHINGTON, Oct 7- Gulf carrier Qatar Airways ordered 40 Boeing Co widebody jets valued at $11.7 billion and signed a letter of intent for up to 60 narrowbody 737 MAX 8 jets worth $6.9 billion, Boeing and the airline said on Friday. The deal marked a key commitment by Qatar Airways to Boeing's new 737 MAX jetliner, after it refused to accept three of Airbus'...