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Business Industrials

  • MILAN, May 18- Alitalia went on the auction block on Wednesday, as Italy kicked off the process of finding a buyer to save the money-losing flag carrier. Rome has ruled out re-nationalizing Alitalia, once a symbol of Italy's post-war economic boom, which is struggling to compete at home against low-cost carriers and high speed trains. As of Feb. 28, the airline had...

  • MILAN, May 18- Alitalia went on the auction block on Wednesday, as Italy kicked off the process of finding a buyer to save the money-losing flag carrier. Rome has ruled out re-nationalising Alitalia, once a symbol of Italy's post-war economic boom, which is struggling to compete at home against low-cost carriers and high speed trains. As of Feb. 28, the airline had...

  • Jim Cramer on Mad Money.

    Jim Cramer broke down the market’s moves and which stocks could benefit after the market’s selloff.

  • Cramer finds a buying opportunity in a high-performing toolmaker

    Jim Cramer looks into the stock of Stanley Black & Decker to vet its recent pullback.

  • Stanley Black & Decker power drills are displayed for sale at a Home Depot store in Colma, California.

    Jim Cramer looks into the stock of Stanley Black & Decker to vet its recent pullback.

  • SEATTLE, May 17- Alaska Air Group said on Wednesday it plans to begin scheduled flights from a second Seattle- area airport next year, giving it exclusive access to a growing part of the Pacific Northwest' s Puget Sound region. Alaska Air's plan to fly Boeing Co 737 and Embraer 175 jets from Paine Field in Everett, Washington, starting in the fall of 2018 marks the first...

  • Fears that a bomb could be concealed in electronic devices prompted the United States to announce in March it would restrict passengers from bringing devices larger than cellphones on flights originating from 10 airports, including in the United Arab Emirates, Saudi Arabia, Qatar and Turkey. He also said any expansion could affect international airports in...

  • MONTREAL/ OTTAWA, May 16- The Canadian government unveiled new rules that could help carriers form joint ventures and attract foreign investment, while bolstering passenger rights on Tuesday, lifting shares of airline stocks. Canada aims to have the rules in place by 2018.. Spracklin also said the rules, which give major hubs like Toronto the option of buying...

  • MONTREAL/ OTTAWA, May 16- The Canadian government unveiled new rules that allow airlines to form joint ventures and guarantee passenger rights on Tuesday, lifting shares of airline stocks. The rules would apply to all carriers operating flights into and out of Canada, and ensure that passengers who buy tickets for a flight won't be forced off a plane because of...

  • MONTREAL/ OTTAWA, May 16- The Canadian government on Tuesday said it planned to adopt regulations strengthening airline passengers' rights that would prevent overbooking incidents like a recent high-profile case of a United Airlines passenger being dragged off a plane in Chicago. Under the regulations, which would apply to all carriers operating flights...

  • OTTAWA, May 16- The Canadian government on Tuesday said it planned to adopt regulations strengthening the rights of air passengers, which would cover cases of denied boarding, lost or damaged baggage and delays on the tarmac over a certain period of time. Transport Minister Marc Garneau said the independent Canadian Transportation Agency would be...

  • *Housing starts fall 2.6 percent in April. WASHINGTON, May 16- U.S. homebuilding unexpectedly fell in April to the lowest level in five months amid persistent weakness in the construction of multi-family housing units, suggesting a slowdown in the housing market recovery. Housing starts dropped 2.6 percent to a seasonally adjusted annual rate of 1.17 million...

  • WASHINGTON, May 15- Codes to gain access to United Airlines cockpits may have been made public, the carrier said on Monday, but it stopped short of confirming a report that a flight attendant inadvertently published the codes online in a potential threat to air security. The airline still could keep its flight decks secure through other measures, Maddie King, a...

  • NEW YORK, May 15- Warren Buffett's Berkshire Hathaway Inc on Monday said it added to its sizable investments in American Airlines Group Inc and Southwest Airlines Co, and shed its stake in Twenty-First Century Fox Inc.. Berkshire's sale of its $251 million Fox stake came several months after the parent of Fox News became embroiled in a sexual harassment scandal,...

  • NEW YORK, May 15- Warren Buffett's Berkshire Hathaway Inc on Monday said it added to its sizable investments in American Airlines Group Inc and Southwest Airlines Co, and shed its stake in Twenty-First Century Fox Inc.. In a regulatory filing, Berkshire said that in the first quarter it boosted its stake in American by 8 percent to 49.3 million shares worth $2.08...

  • The National Association of Home Builders and Wells Fargo said on Monday their index of builder confidence in newly built, single-family homes climbed to 70 points from 68 in April. In March, the index reached 71 which was the highest since June 2005 during the height of the prior housing boom. "While we expect a slight moderation in housing activity in the near...

  • May 15- A private gauge of U.S. home builder sentiment unexpectedly rose in May to its second strongest level since the housing bust nearly a decade ago, as the existing supply of homes remained tight. The National Association of Home Builders and Wells Fargo said on Monday their index of builder confidence in newly built, single-family homes climbed to 70 points...

  • May 15- A private gauge of U.S. home builder sentiment unexpectedly rose in May to its second strongest level since the housing bust nearly a decade ago, as the existing supply of homes remained tight. The National Association of Home Builders and Wells Fargo said on Monday their index of builder confidence in newly built, single-family homes climbed to 70 points...

  • BRUSSELS/ PARIS, May 15- European Union and U.S. officials will meet on Wednesday to discuss airline security, including a possible extension of a ban on passengers carrying laptops in aircraft cabins, a European Commission spokesman said. "The Commission will host high-level talks at a political and technical level with the U.S. authorities this Wednesday...

  • May 12- Boeing Co said on Friday it resumed test flights of its $110- million 737 MAX 8 jetliner, just two days after saying it had grounded the entire fleet to address an engine problem. The resumption of flights, which the plane maker said was backed by air safety regulators, is good news for Boeing and engine-maker CFM International, a joint venture between...