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Business Industrials

  • WELLINGTON, New Zealand— New Zealand's lawmakers and public employees were told Tuesday to cancel all nonessential flights to and from Auckland as a fuel shortage at the nation's largest airport continued to disrupt the travel plans of thousands of people. The main pipeline that carries jet fuel to Auckland Airport ruptured last week. He said he'd told...

  • Senator Bill Nelson sent letters to the chief executives of 10 major U.S.-based airlines on Monday, urging them to cap airline fares for passengers fleeing Hurricane Maria so that confusion over cost does not delay evacuations, an aide said. "I urge you to begin the process now for implementing capped airfare," Nelson said in his letter, noting that Maria is...

  • *Maria's approach threatens Caribbean terminals. Sept 18- Shippers are sending oil cargoes originally bound for Venezuela to other spots in Latin America and the Caribbean, in advance of coming hurricanes that threaten to further disrupt oil flows in the region, according to traders and Reuters data. Hurricane-related supply interruptions may limit...

  • Norwegian Air, which recently agreed a partnership with easyJet to make its long-distance flights available to easyJet customers, confirmed an earlier statement by Ryanair Chief Executive Michael O'Leary that talks with the Irish airline on a similar agreement had ended. "Norwegian welcomes any initiatives that offer passengers smooth, affordable...

  • *Expects 20 mln euros in pay-outs, 5 mln euros in lost fares. DUBLIN, Sept 18- Ryanair boss Michael O'Leary admitted on Monday to a "cock up" over pilot shortages that led him to cancel flights and disrupt the plans of hundreds of thousands of travellers in his bid to improve the budget airline's punctuality. The Irish airline said it was preparing for up to 20 million...

  • *Norwegian Air says has hired more than 140 Ryanair pilots. *Airline expects up to 20 million euros in compensation claims. The airline said it was preparing for up to 20 million euros in compensation claims and 5 million euros in lost fares as a result of the cancellations, but analysts estimated the total cost could be higher.

  • UBS recommends Caterpillar shares, citing positive results from a firm survey of the industry's capital spending plans.

  • *Norwegian Air says has hired more than 140 Ryanair pilots. *Airline expects up to 20 million euros in compensation claims Including other factors, total cost could be more- analyst. "It is clearly a mess but in the context of an operation where we operate more than 2,500 flights every day, it is reasonably small but that doesn't take away the inconvenience we've...

  • DUBLIN, Sept 18- Ryanair is preparing for up to 20 million euros in compensation claims after cancelling thousands of flights due to a shortage of staff, a spokeswoman for the Irish budget airline said on Monday.

  • DUBLIN, Sept 18- Ryanair is preparing for up to 20 million euros in compensation claims after canceling thousands of flights due to a shortage of staff, a spokeswoman for the Irish budget airline said on Monday.

  • U.S. homebuilders are feeling less optimistic about their sales prospects, reflecting concerns that rebuilding efforts following hurricanes Harvey and Irma will drive up costs for construction labor and materials. Even so, builders' overall view of the new-home market remains positive. The National Association of Home Builders/Wells Fargo builder...

  • LONDON— Irish budget airline Ryanair was under pressure Monday to provide more information to travelers after canceling up to 50 flights a day over the next six weeks because it mismanaged its pilots' holiday schedules. Ryanair, Europe's biggest airline by passenger numbers, canceled the flights because it had "messed up in the planning of pilot holidays."

  • *Norwegian Air says has hired more than 140 Ryanair pilots. *Cancellations to cost airline 34.5 million euros- analyst. "It is clearly a mess but in the context of an operation where we operate more than 2,500 flights every day, it is reasonably small but that doesn't take away the inconvenience we've caused to people," Ryanair Chief Executive Michael O'Leary told...

  • VIENNA, Sept 18- Airbus denied any wrongdoing in a submission on Monday to Austrian prosecutors investigating allegations of fraud and wilful deception over a $2 billion fighter deal and threatened the country's defense minister with legal action. Europe's largest aerospace company, which has repeatedly denied the allegations, said Austria's Defence...

  • NEW YORK, Sept 18- Contractors for U.S. commercial construction are optimistic about the industry's health in the next 12 months though finding skilled labor still poses challenges, according to a third-quarter survey released on Monday. Ninety-five percent of 206 respondents expect revenue to grow or remain stable over the next 12 months, the survey by USG...

  • *Norwegian Air says has hired more than 140 Ryanair pilots. *Cancellations to cost airline 34.5 million euros- analyst. DUBLIN, Sept 18- Ryanair shares fell on Monday after the Irish budget airline disrupted the plans of hundreds of thousands of travellers by cancelling flights to cope with pilot shortages and improve its punctuality record.

  • *Airline has lost 140 pilots to Norwegian Air- report. News bulletins in Ireland ran interviews with disgruntled customers while newspapers asked readers to share their stories, including a wedding party who told the Irish Times they had been left stranded in France. The Irish Independent reported on Monday that recruitment problems were also affecting...

  • DUBLIN, Sept 18- Ryanair shares fell 3 percent in early Monday trading following its announcement late on Friday of plans to cancel between 40 and 50 flights per day until the end of October, disrupting hundreds of thousands of journeys. Ryanair said it was trying to deal with a backlog of staff leave, which must be allocated before the end of the year, and described...

  • MADRID, Sept 18- The Villar Mir family, which holds a 51 percent stake in Spanish builder OHL, is in advanced talks to sell the company to China State Construction Engineering, online newspaper El Confidencial said on Monday. Credit Agricole, Santander, HSBC and Deutsche Bank have warned Grupo Villar Mir that the company has short-term debt obligations worth some...

  • A look at some of the key business events and economic indicators upcoming this week:. The Commerce Department is expected to report on Tuesday that builders broke ground on new apartments and single-family homes at a faster pace in August than in the previous month. Wall Street predicts that CarMax's latest quarterly results improved from a year ago.