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Business Industrials

  • WELLINGTON, New Zealand— A rupture in the main pipeline carrying jet fuel to New Zealand's largest airport has disrupted the travel plans of thousands of people and is expected to cause further flight cancellations and delays into next week. New Zealand's military has stepped in to help by offering a naval tanker and truck drivers to transport fuel and by...

  • HAGATNA, Guam— Tensions between the U.S. and North Korea have prompted a Hong Kong- based airline to delay flights between the U.S. Pacific territory of Guam and Japan. The island's tourism industry lost $9.5 million in August after there were more than 7,000 cancellations from tours, school groups and business ventures— mostly from Japan— despite Guam leaders'...

  • DUBAI, United Arab Emirates— One of the world's largest port operators, DP World, says it will not be renewing its contract in Indonesia after failing to agree on renewal terms with the government. The Dubai government-backed port operator is a 49% shareholder in Indonesia's PT Terminal Petikemas Surabaya, located on the northern shore of Java island, with the...

  • PARIS— Police and firefighters checked a British Airways plane on the tarmac of Paris' Charles de Gaulle airport Sunday morning after reports of a security threat but authorities determined it was a false alarm. James Anderson, a 20- year-old entrepreneur on the flight from Paris to London's Heathrow Airport, told The Associated Press that the pilot initially...

  • BEIJING, Sept 17- Sales of commercial property in Beijing by surface area fell 44.8 percent in the first eight months of the year to to 5.3 million square meters versus the same period last year, the city's statistics bureau said on Friday. **That included a 39 percent decline in residential property sales to 3.45 million square meters, while office building sales...

  • MILAN— The Codacons consumer advocacy group said Ryanair's decision to cancel 2,000 flights over the next six weeks has put a poor light on its plans to bid for bankrupt Alitalia. Budget carrier Ryanair has announced it would cancel up to 50 flights a day through October to improve punctuality. Ryanair's CEO has said the low-cost carrier would make a bid for the...

  • DUBLIN, Sept 15- Ryanair on Friday announced plans to cancel between 40 and 50 flights per day until the end of October, disrupting hundreds of thousands of journeys, in what it said was a bid to improve its ratio of on-time flights. The Dublin- listed budget airline next week celebrates the fourth anniversary of its Always Getting Better campaign, which Chief...

  • Cramer Remix: Wall Street may be lying to you, but here is the truth

    Jim Cramer reveals how the market may be fibbing when it comes to some big time data.

  • Jim Cramer on the set of Mad Money.

    Jim Cramer reveals how the market may be fibbing when it comes to some big time data.

  • BRASILIA, Sept 15- Brazil's government has approved a plan by American Airlines Group Inc to build a maintenance center at Sao Paulo's Guarulhos airport, a $100 million investment that will help the U.S. carrier consolidate its South American operations. Reuters first reported in March that the U.S. airline planned to set up its first aircraft maintenance...

  • NEW YORK, Sept 15- While crude deliveries by larger ships to Beaumont in Texas remain restricted after Hurricane Harvey, a workaround using pipelines can supply Exxon Mobil's refinery there, shipping sources said. The Beaumont port is the furthest inland port on the Sabine Neches, a long curving waterway that empties into the Gulf of Mexico.

  • DENVER— The U.S. Department of Transportation said Friday it fined Frontier Airlines $1.5 million for keeping passengers stuck on a dozen aircraft on the Denver airport tarmac for more than three hours amid a snowstorm last December. Passengers were held aboard 12 planes sitting on the tarmac for more than the three-hour limit set by law, the Transportation...

  • PARIS, Sept 15- CMA CGM, the world's third-largest container shipping firm, said it expected operating profits to improve further in the second half as the market continues to recover, and confirmed an order for nine giant vessels. In a second-quarter results statement on Friday, CMA CGM said its board had approved an order for nine container ships, each with a...

  • Will the Fed raise rates?

    CNBC's Steve Liesman reports on the possibility of the Federal Reserve raising rates.

  • BERLIN, Sept 15- Lufthansa and several other parties had put in bids for parts of Air Berlin by the deadline of Friday set by the administrator of the insolvent airline which employs more than 8,000 people. Germany's second-biggest airline after Lufthansa filed for bankruptcy last month after major shareholder Etihad Airways withdrew funding following...

  • LONDON, Sept 15- Hong Kong's port expects a slight rise in container shipping volumes this year despite continuing global turmoil in the sector. Hong Kong's Secretary for Transport and Housing, Frank Chan Fan, said container throughput was expected to increase slightly this year from 19.8 million TEUs in 2016 and 20 million TEUs in 2015.. Hong Kong's shipping...

  • BERLIN, Sept 15- Insolvent German airline Air Berlin has received several offers for its assets which will now be assessed, a spokesman for the carrier told Reuters TV on Friday. Air Berlin, Germany's second largest airline, filed for insolvency last month after major shareholder Etihad withdrew funding following years of losses. A final decision on buyers for...

  • Sept 14- Aerospace supplier United Technologies Corp said on Thursday it was working to resolve the issues that led to delays in supplying its Pratt& Whitney engines to European planemaker Airbus SE. Our first priority is to make sure that we can make the airline that has our engine and use the asset, which, by the way, is performing very well, "United Tech Chief...

  • PARIS, Sept 14- Toshiba-owned nuclear reactor maker Westinghouse expects to make progress soon in its plans to build a nuclear plant in Turkey, it said on Thursday. Westinghouse in 2014 signed an agreement with China's State Nuclear Power Technology Corporation and Electricity Generation Company, the largest electric power company in Turkey, to build a...

  • PARIS, Sept 14- Toshiba-owned nuclear reactor maker Westinghouse expects to make progress soon in its plans to build a nuclear plant in Turkey, it said on Thursday. Westinghouse in 2014 signed an agreement with China's State Nuclear Power Technology Corporation and Electricity Generation Company, the largest electric power company in Turkey, to build a...