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Business Industrials

  • 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...

  • 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...

  • Warren Buffett

    JPMorgan predicts Berkshire Hathaway will generate strong earnings growth through 2019.

  • Sept 14- U.S. homebuilder Lennar Corp said on Thursday it expects hundreds of home deliveries in Florida, Georgia and South Carolina to be delayed due to the impact of Hurricane Irma that ravaged the Atlantic coast. The No.2 U.S. homebuilder said its communities in Texas, Florida, Georgia and South Carolina accounted for about 40 percent of annual homebuilding...

  • Sept 14- Major trucking and logistics firms like XPO Logisitcs Inc, Daseke Inc and United Parcel Service Inc said capacity will shrink due to a rush of construction and repair shipments to big-box retailers and households across the storm-crippled U.S. The demand for lumber, generators, cleaning supplies and appliances for households and home improvement...

  • WASHINGTON— Airline executives say their carriers are gradually restoring normal operations in the wake of the back-to-back hurricanes that hit Texas and Florida. American has a major hub in Miami and canceled thousands of flights as Hurricane Irma roared over Florida. Southwest Airlines CEO Gary Kelly says the airline is back to "full strength" at Hobby...

  • WASHINGTON, Sept 13- Southwest Airlines Chief Executive Officer Gary Kelly on Wednesday said the financial impact from Hurricane Harvey is likely to run the carrier between $40 million to $60 million. A second deadly storm, Hurricane Irma, is likely to have a similar impact, Kelly said at a Washington conference. Major U.S. airlines have been forced to cancel...

  • LONDON, Sept 13- British budget airline easyJet launched a new booking platform on Wednesday to allow customers to more easily connect onto long-haul flights with other airlines, moving ahead of its rivals in a potentially lucrative market. The move is an attempt to muscle into the market for connections at international hub airports currently dominated by...

  • Sept 13- The U.S. Air Force said on Wednesday it had awarded Boeing Co a contract to begin modification of two 747-8 jetliners that will be the next presidential aircraft. The contract, which would be under $600 million, includes the design to incorporate a mission communication system, electrical power upgrades, a medical facility and a self-defense system, the...

  • LONDON, Sept 13- Norwegian Air Shuttle said it is still talking to Ryanair about a flight connection service after Norwegian agreed a partnership with rival easyJet. "We're still talking to Ryanair," Norwegian Air Shuttle's Chief Commercial Officer Thomas Ramdahl told Reuters on Wednesday. Ramdahl said the carrier is exploring a similar arrangement with...

  • *Treasury considering a 13 billion rand bailout. CAPE TOWN, Sept 13- South African Airways will fly 23 percent fewer flights by the end of the year as it retires five aircraft, the national carrier said on Wednesday, part of a revamp aimed at returning to profit. South Africa's Treasury is considering a 13 billion rand bailout to keep SAA going as bankruptcy could...

  • FRANKFURT, Sept 13- Air Berlin was forced to cancel flights for a second day on Wednesday after pilots again called in sick in unusually high numbers, potentially complicating efforts to rescue the insolvent carrier. Air Berlin, Germany's second-biggest airline, is set to be carved up, most likely among several buyers, with binding offers due this Friday.

  • BERLIN, Sept 13- Air Berlin expects its flight operations to stabilise on Thursday as pilots return from sick leave, it told staff in an internal memo on Wednesday, after the insolvent German airline was forced to cancel more than 130 flights in two days. "Since last night more than two dozen captains have reported they are fit to fly," Air Berlin said in the memo.