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Boeing stays in race to supply Canada with fighter jets: sources
Boeing Co, locked in a trade dispute with the Canadian government, has applied to stay in the race to supply Canada with 88 new fighter jets, three well-placed sources said on Thursday. Companies had until Feb. 9 to express an interest in taking part in a competition for planes worth between C$15 billion and C$19 billion.
Hong Kong Express expects 6-month delay in Airbus A320neo delivery - source
* Pratt & Whitney engine issues affecting deliveries. * Hong Kong Express has grounded one A320neo - source. * Airbus says assessing impact on 2018 deliveries. By Jamie Freed. Hong Kong Express expects at least a six-month delay in deliveries of new Airbus SE A320neo jets due to issues with engines made by Pratt & Whitney, a source with knowledge of the situation said on Thursday.
Hong Kong Express expects six-month delay in Airbus A320neo delivery: source
SINGAPORE (Reuters) - Hong Kong Express expects at least a six-month delay in deliveries of new Airbus SE A320neo jets due to issues with engines made by Pratt & Whitney, a source with knowledge of the situation said on Thursday.
Hong Kong Express expects 6-month delay in Airbus A320neo deliveries due to engine issues - source
Hong Kong Express expects deliveries of new Airbus SE A320neo jets to be delayed by six months due to issues with engines made by Pratt & Whitney, a source with knowledge of the situation said on Thursday. The budget airline has grounded one affected A320neo until May due to a lack of spare engines, said the source, who was not authorised to speak publicly about the matter.
Nike, American Express Lead DJIA Higher Friday
Pharmacy-benefit manager stocks pressured as White House calls for lower biotech prices
Shares of pharmacy-benefit managers fell Friday after the White House released a paper pushing for lower biotech drug prices. Shares of Express Scripts Holding Co. (ESRX) declined 2.8%, CVS Health Corp. (CVS) shares slipped 1.5%, while shares of UnitedHealth Group Inc. (UNH), with its OptumRx PBM business, swung from a slight loss to be up 0.5%. On Friday, the White House's Coucil of Economic Advisers released a white paper entitled "Reforming Biopharmaceutical Pricing at Home and Abroad" which...
Uber and Waymo reach settlement in trade-secrets suit
Uber Technologies Inc. said Friday that it had settled its lawsuit with Alphabet Inc.'s Waymo that hinged on an alleged theft of trade secrets. "I want to express regret for the actions that have caused me to write this letter," said Uber CEO Dara Khosrowshahi in a statement. He added: "While we do not believe that any trade secrets made their way from Waymo to Uber, nor do we believe that Uber has used any of Waymo's proprietary information in its self-driving technology, we are taking steps with Waymo to ensure our Lidar and software represents just our good work." Waymo alleged that one of its former engineers, Anthony Levandowski, stole thousands of documents before leaving the company and founding his own self-driving start-up, which was acquired by Uber early on. In a statement, Waymo said that it had reached an agreement with Uber "to ensure that any Waymo confidential information is not being incorporated in Uber Advanced Technologies Group hardware and software," according to the Verge. Alphabet shares are up 2.2% in Friday trading and 24% over the past 12 months. The S&P 500 has gained 12% in that time.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Mirror buys Express titles from Richard Desmond
Trinity Mirror agrees to buy titles including the Daily Express, the Daily Star and OK! magazine.
Trinity Mirror buys Express newspaper from Richard Desmond
The Daily Mirror owner agrees to buy the Express group, which includes OK magazine and the Daily Star.
Mirror publisher snaps up Express in £127m deal
Publisher Trinity Mirror is to buy the owner of the Daily Express in a £126.7m deal, it has been confirmed.
Boeing may express interest in Canada fighter jet bid: executive
SINGAPORE (Reuters) - Boeing may express interest in a jet fighter competition in Canada despite a recent trade row, but is still studying the matter, a senior executive said on Monday.
AIRSHOW-Boeing may express interest in Canada fighter jet bid - exec
Boeing(BA) may express interest in a jet fighter competition in Canada despite a recent trade row, but is still studying the matter, a senior executive said on Monday. Boeing (BA) has until Feb. 9 to express interest in taking part in the bidding for 88 jets worth between C$15 billion and C$19 billion.
Airbnb adds Chenault, pledges next hire for all-male board will be a woman
Outgoing American Express CEO is the first African-American to join the five-member, all-male board, which is promising to name a woman next.
Departing AmEx CEO Kenneth Chenault to join Airbnb board
Departing American Express Co Chief Executive Kenneth Chenault will become Airbnb Inc's first non-affiliated independent board director, the home rental service's CEO Brian Chesky said. This is the first addition to board since the company was founded in 2008, an Airbnb spokesman said.
National Express signs up as sponsor of the Jockey Club
Coach operator National Express signs up as a partner of horse racing operator the Jockey Club.
Amazon, Lowe's and Citizens rise while IBM and AmEx skid
Amazon.com, Lowe's and Citizens Financial Group climb while IBM and American Express slip
Tax overhaul leads AmEx to first loss in 26 years, buyback suspension
(Reuters) - Credit card issuer American Express Co posted its first quarterly loss in 26 years and said it would not buy back shares for the next six months, both due to the impact of the recently enacted U.S. tax reform.
Tax overhaul leads AmEx to first loss in 26 years, suspend buybacks
(Reuters) - Credit card issuer American Express Co posted its first quarterly loss in 26 years and said it would not buy back shares for the next six months, both due to the impact of the recently enacted U.S. tax overhaul.
American Express posts $1.2 billion loss due to new tax law
Credit card company American Express posts $1.2 billion loss in the fourth quarter, as the company booked large one-time charges related to the new tax law
American Express Slips Despite Solid Earnings Beat
BRIEF-American Express Reports Q4 EPS Of $1.58 Excluding Items
American Express Co(AXP): * AMERICAN EXPRESS REPORTS QUARTERLY REVENUES UP 10 PERCENT WITH RECORD CARD MEMBER SPENDING. * SEES FY 2018 EARNINGS PER SHARE $6.90 TO $7.30. * Q4 LOSS PER SHARE $1.41. * Q4 EARNINGS PER SHARE VIEW $1.54 -- THOMSON REUTERS I/B/E/S. * Q4 EARNINGS PER SHARE $1.58 EXCLUDING ITEMS.
AmEx posts first loss in 26 years on tax charge, suspends buybacks
(Reuters) - American Express Co posted its first quarterly loss in 26 years, due a $2.6 billion charge related to the U.S. tax law overhaul and the credit card issuer also said it would suspend its share buyback program for the first half of 2018.
Facebook names American Express CEO Kenneth Chenault, first African-American, to all-white board
Facebook adds one of corporate America’s most prominent black leaders to its all-white board.
Facebook adds former American Express CEO to board
Facebook Inc. said Thursday that American Express Co. Chief Executive Kenneth Chenault has agreed to join its board of directors. Facebook stock is up 1.6% to $180.48 in early afternoon trading. "I've been trying to recruit Ken for years," Facebook CEO Mark Zuckerberg wrote in a post on his platform. "He has unique expertise in areas I believe Facebook needs to learn and improve -- customer service, direct commerce, and building a trusted brand. Ken also has a strong sense of social mission and the perspective that comes from running an important public company for decades." Chenault joined AmEx in 1981 and was appointed top boss in 2001, a post he will retain until Feb. 1, when he formally cedes the reins to Stephen Squeri. He will also step down as AmEx chairman. Facebook stock has gained 41% in the last 12 months, with the S&P 500 index gaining 23%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
What to Expect When American Express Reports After the Close
BRIEF-National Express Sees Small Tax Credit In 2017 from U.S. Tax Reform
* ANTICIPATED REDUCTION IN GROUP'S EFFECTIVE TAX RATE (ETR)
1ST JANUARY 2018 DUE TO IMPACT OF US TAX CUTS AND JOBS ACT
Ryanair wants to buy parts of Austrian airline Niki
VIENNA (Reuters) - Irish airline Ryanair said on Monday it had contacted the Austrian administrator of insolvent holiday airline Niki to express its interest in buying some of its assets.
U.S. automakers bet on diesel trucks after VW scandal
U.S. automakers are unveiling new diesel pickup trucks even as diesel sales have fallen sharply since Volkswagen AG's 2015 diesel emissions scandal. General Motors Co (GM) said at the Detroit auto show it would offer a diesel 2019 Chevrolet Silverado pickup truck and now offers diesel versions of its Equinox, Cruze, Colorado, Express and medium- and heavy-duty trucks.
BP, Shell, Goldman express interest in filling Indian oil stockpile - govt report
* BP, Royal Dutch Shell (RDS/A), Goldman Sachs, Trafigura, Mangalore Refinery and Petrochemicals and Hindustan Petroleum Corp. have expressed interest in filling India's strategic oil reserve at Padur in the southern Karnataka state - government report.
BRIEF-Dollar Tree Says Settled Lawsuit Relating To Co's Divestiture Of 330 Family Dollar Stores To Dollar Express
* DOLLAR TREE SAYS SETTLED PREVIOUSLY REPORTED LAWSUIT
CO'S NOV 2015 DIVESTITURE OF 330 FAMILY DOLLAR STORES TO DOLLAR
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