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Top News & Analysis North America

  • ROMULUS, Mich.— A $32 million maintenance hangar at Detroit Metropolitan Airport has opened as part of efforts to ensure safety among Spirit Airlines' fleet. Plans for the Spirit Airlines hangar at the airport in the Detroit suburb of Romulus were announced in 2015. It opened this month and Kirk Thornburg, vice president of technical operations, tells The Detroit...

  • BERWYN, Pa. _ Triumph Group Inc. on Wednesday reported a loss of $126.8 million in its fiscal fourth quarter. Triumph Group expects full-year revenue in the range of $3.1 billion to $3.2 billion. Triumph Group shares have dropped 8.5 percent since the beginning of the year.

  • PALM BEACH GARDENS, Fla. _ Dycom Industries Inc. on Wednesday reported fiscal third-quarter earnings of $38.8 million. Six analysts surveyed by Zacks expected $735.9 million. For the current quarter ending in July, Dycom Industries expects its per-share earnings to range from $1.35 to $1.50.

  • NEW YORK— A hefty charge cut into first-quarter sales at Lowe's and investors were unimpressed by the retailer's profit, sending shares down sharply in early trading. The contrast was even more stark for Wall Street, given the upward trajectory of Lowe's rival, Home Depot Inc.. Lowe's shares slumped 7 percent before the opening bell.

  • Inquiries have spiked for temporary office spaces that do not require travel through Pennsylvania Station, the busiest train station in the U.S., where weeks-long outages in July and August are expected to trigger a travel nightmare for employees living in New Jersey and Long Island suburbs, according to businesses and real estate specialists.

  • CHICAGO— A Chicago- area family is giving $100 million to establish an institute at a medical center that seeks to boost efforts to improve health and prevent disease by optimizing the body's own defenses. The gift announced Wednesday will create The Duchossois Family Institute at University of Chicago Medicine. It's from investment business The Duchossois...

  • The Congressional Budget Office planned to release its estimate Wednesday of what impact the GOP's House-passed health care overhaul would have on coverage and premiums. For GOP senators holding private meetings to sketch out their own legislation, its figures could serve as a starting point as they consider changing the House's Medicaid cuts, tax credits...

  • HAMILTON, Bermuda _ Seadrill Ltd. on Wednesday reported first-quarter earnings of $65 million. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • WELLINGTON, Fla. _ KLX Inc. on Wednesday reported fiscal first-quarter earnings of $18.4 million. The Wellington, Florida- based company said it had net income of 36 cents per share. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

  • *Expectations for 2021-2030 at 16.28 euros/ tonne. LONDON, May 24- Participants in Europe's carbon market, including utilities, trading houses and banks expect EU carbon prices to be lower than predicted in the next decade, making it less attractive to invest in the technology needed to help hit emissions targets. "Once again IETA members have highlighted the...

  • While not addressing Medicare's long term financial problems, the budget targets the much smaller Children's Health Insurance Program, or CHIP. And Trump's Medicaid cuts appear even bigger than those in the health care bill recently passed by House Republicans, above what would be needed to fulfill the GOP vow to repeal "Obamacare." But the budget repeated...

  • WASHINGTON— President Donald Trump's first budget proposal, snubbed by some Republican allies, is just the latest example of an administration that seems at times clueless or indifferent toward Congress. Two weeks ago, Trump fired FBI Director James Comey with little to no heads-up to GOP leaders, some of whom were left struggling to explain, much less defend,...

  • DALLAS— Without the shocking video, it's unlikely that the world would have learned or cared about the violent manhandling of a 69- year-old man on a plane last month. American, Delta and Southwest have similar policies. This month, a United ticket agent ordered a passenger's reservation canceled as he filmed her while disputing a $300 baggage fee in the New...

  • CHICAGO— United Airlines CEO Oscar Munoz is likely to face questions from shareholders Wednesday about the rough removal of a passenger from a flight, an incident that sparked weeks of bad publicity. United Continental Holdings Inc. spokeswoman Megan McCarthy said the meeting is expected to last about an hour, with much of the time reserved for questions to...

  • WASHINGTON— Top officials in President Donald Trump's Cabinet are heading to Capitol Hill to defend his plans to cut domestic programs and parry Democratic criticism of his tax proposals. Budget Director Mick Mulvaney appears Wednesday before the House Budget panel while Treasury Secretary Steven Mnuchin will testify at the tax-writing House Ways and...

  • MEXICO CITY/ NEW YORK, May 24- The newly refurbished Citibanamex branch in Mexico City's affluent Del Valle neighborhood opens into a Scandinavian-chic space where salespeople chat with clients at touch screens. The facelift reflects Citigroup Chief Executive Michael Corbat's ambition to turn the group's Mexican operation into a "state-of-the-art bank."

  • CHICAGO, May 24- Commodity trader Glencore Plc's confirmation on Tuesday that it sought a tie up with grains trader Bunge Ltd likely signals the start of a wave of consolidation and partnering in the industry, as middlemen struggle to make profits amid a massive global food glut. Bunge and other top grains traders-- who make money by buying, selling, storing,...

  • The two court challenges have already emboldened some financial firms to push back against the CFPB and the SEC when they have accused them of wrongdoing and the outcome of the cases could provide ammunition to critics of both agencies. An outcome in either case could take months, and both could eventually land in the U.S. Supreme Court, especially the SEC's case...

  • LUBEC, Maine— Maine's U.S. senators are on board with a plan to make it easier for seafood dealers to export sea urchins and sea cucumbers outside of the United States. Angus King say their proposal would prevent the U.S. Fish and Wildlife Service from burdening the industry with inspections that they say are repetitive. Democratic Congresswoman Chellie Pingree...

  • SINGAPORE, May 24- Chicago soybean futures slid for a second session on Wednesday while corn edged up after closing lower the previous day, with easing concerns over planting delays in the U.S. grain belt adding pressure to grains markets. The Chicago Board Of Trade most-active soybean contract lost 0.4 percent to $9.44-1/ 2 a bushel by 0322 GMT, having closed down...