Top News & Analysis Alabama

  • MONTREAL, Feb 20- Airbus SE plans to invest between 500 million euros and 1 billion euros this year on its A220 passenger jet program, Chief Executive Guillaume Faury said on Thursday at the company's A220 factory in Mirabel, just outside Montreal. Airbus has been ramping up production of the A220 towards its maximum monthly capacity rate of 10 at its facility in...

  • WASHINGTON, Feb 20- The number of Americans filing for unemployment benefits rose modestly last week, suggesting sustained labor market strength that could help to support the economy amid risks from the coronavirus and weak business investment. Initial claims for state unemployment benefits increased 4,000 to a seasonally adjusted 210,000 for the week...

  • WASHINGTON, Feb 13- Federal Reserve board nominee Judy Shelton faced deep skepticism from Republicans and Democrats on the Senate Banking Committee on Thursday, as lawmakers challenged her independence from President Donald Trump and characterized her thinking as too far outside the mainstream to trust with the nation's economy. Over the course of the...

  • WASHINGTON, Feb 13- Federal Reserve board nominee Judy Shelton faced deep skepticism from Republicans and Democrats on the Senate Banking Committee on Thursday, as lawmakers challenged her independence from President Donald Trump and characterized her thinking as too far outside the mainstream to trust with the nation's economy. Over the course of the...

  • WASHINGTON, Feb 13- The number of Americans filing for unemployment benefits increased less than expected last week, pointing to continued labor market strength that could keep the country's longest economic expansion on track. Initial claims for state unemployment benefits rose 2,000 to a seasonally adjusted 205,000 for the week ended Feb. 8, the Labor...

  • WASHINGTON, Feb 6- The number of Americans filing for unemployment benefits dropped to a nine-month low last week, suggesting a tightening labor market would continue keep the longest economic expansion in history on track. Initial claims for state unemployment benefits decreased 15,000 to a seasonally adjusted 202,000 for the week ended Feb. 1, the lowest...

  • WASHINGTON, Feb 6- The number of Americans filing for unemployment benefits dropped to a nine-month low last week, suggesting a tightening labor market would continue to support the economy this year. Initial claims for state unemployment benefits decreased 15,000 to a seasonally adjusted 202,000 for the week ended Feb. 1, the lowest reading since last April,...

  • PARIS, Feb 5- Airbus has prolonged a planned closure of its final assembly plant in Tianjin, China, as a result of the coronavirus emergency, the planemaker said on Wednesday, adding it was monitoring for any signs of impact on deliveries. Industry sources said the Tianjin plant had been closed along with many businesses over the Chinese New Year but was due to...

  • WASHINGTON, Jan 30- The number of Americans filing for unemployment benefits fell last week, pointing to continued labor market strength, though applications for the prior week were much higher than initially estimated. Initial claims for state unemployment benefits dropped 7,000 to a seasonally adjusted 216,000 for the week ended Jan. 25, the Labor...

  • WASHINGTON, Jan 23- The number of Americans filing for unemployment benefits increased less than expected last week, suggesting the labor market continues to tighten even as job growth is slowing. "Employers are not cutting positions outside of the normal churn of the labor market and workers are incredibly confident in their job prospects, and not taking the...

  • WASHINGTON, Jan 22- The contamination of U.S. drinking water with man-made "forever chemicals" is far worse than previously estimated with some of the highest levels found in Miami, Philadelphia and New Orleans, said a report on Wednesday by an environmental watchdog group. The findings https://www.ewg.org/research/national-pfas-testing by the...

  • Jan 11- At least 10 people died, more than 1,000 flights were canceled and hundreds of thousands were without power in five states on Saturday as a massive winter storm system dumped snow, freezing rain and hail from Texas to Michigan. Hurricane-force wind gusts, golf-ball-sized hail and 2 to 5 inches of snow fell on Friday night and early Saturday as storms pushed...

  • Jan 11- At least nine people died, more than 1,000 flights were canceled and hundreds of thousands were without power in five states on Saturday as a massive winter storm system dumped snow, freezing rain and hail from Texas to Michigan. Hurricane-force wind gusts, golf-ball-sized hail and 2 to 5 inches of snow fell on Friday night and early Saturday as storms...

  • Jan 11- At least nine people died, more than 1,000 flights were canceled and hundreds of thousands were without power in seven states on Saturday as a massive winter storm system dumped snow, freezing rain and hail from Texas to Michigan. Hurricane-force wind gusts, golf-ball-sized hail and 2 to 5 inches of snow fell on Friday night and early Saturday as storms...

  • PARIS, Jan 9- Airbus will increase production of A320-family jets at its Mobile, Alabama, plant to seven a month by the beginning of 2021, adding 275 jobs, the European planemaker said on Thursday. The increase comes as Airbus faces U.S. tariffs on aircraft assembled in Europe in a dispute over aircraft subsidies. Airbus has previously said it envisages total...

  • The purchase agreement finalizes an October provisional deal for the aircraft, when Spirit picked European planes despite Washington imposing tariffs on them. Depending on the number of each variant of the A320 single-aisle family chosen, the deal could be worth $11 billion to $12 billion at the most recent 2018 Airbus list prices, but industry sources say...

  • Dec 20- Novartis AG has secured Medicaid coverage for a pricey new sickle cell disease therapy in two U.S. states just weeks after winning U.S. approval, following an early campaign to convince local officials of its value, according to a company executive and a Reuters review of public filings. Strong uptake by Medicaid programs is central to Novartis' goal of...

  • Dec 18- Fiat Chrysler and Peugeot maker PSA on Wednesday reached a binding agreement for their roughly $50 billion merger, as the auto industry scrambles to develop zero-emissions vehicles and tackle slowing demand. December 2019- Fiat Chrysler and PSA reach a binding agreement on a $50 billion tie-up to create world's No. 4 carmaker. February 2018- Geely...

  • WASHINGTON, Dec 16- Wall Street bank lobbyists are seeking moderate Democratic allies in Congress to deprive Elizabeth Warren of votes and curb policies they consider hostile to their interests, according to more than a dozen lobbyists, consultants and campaign data. "While a hostile White House could pose challenges, the banking industry is working to...

  • Dec 11- Toyota Motor Corp on Wednesday said its North America chief executive, Jim Lentz, would retire on April 1, and tasked the unit's chief operating officer, Tetsuo "Ted" Ogawa, with navigating an industry shift to electrification and automation. Ogawa has worked for Japan's biggest automaker and the United States' third-largest vehicle seller in a number of...