China Southern Airlines to receive $4 billion capital injection

China Southern Airlines to receive $4 billion capital injection
FILE PHOTO: The company logo of China Southern Airlines is displayed at a news conference in Hong Kong, China March 27, 2018. REUTERS/Bobby Yip SHANGHAI (Reuters) – China Southern Airlines (600029.SS) will carry out an equity diversification plan that will involve the injection of 30 billion yuan ($4.36 billion) of capital from three investors, the firm announced on Saturday. The... Read More

American Airlines-Qantas joint venture wins final U.S. approval

American Airlines-Qantas joint venture wins final U.S. approval
WASHINGTON (Reuters) – The U.S. Department of Transportation (DOT) on Friday granted American Airlines Group Inc (AAL.O) and Qantas Airways Ltd (QAN.AX) final approval to operate a joint venture after a prior effort was rejected in 2016. FILE PHOTO: An American Airlines airplane sits on the tarmac at LAX in Los Angeles, California, U.S., March 4, 2019. Picture taken March... Read More

U.S. to grant final approval to American Airlines-Qantas joint venture: sources

U.S. to grant final approval to American Airlines-Qantas joint venture: sources
FILE PHOTO: An American Airlines airplane sits on the tarmac at LAX in Los Angeles, California, U.S., March 4, 2019. Picture taken March 4, 2019. REUTERS/Lucy Nicholson WASHINGTON (Reuters) – The U.S. Department of Transportation (DOT) is set on Friday to grant American Airlines Group Inc (AAL.O) and Qantas Airways Ltd (QAN.AX) final approval to operate a joint venture after... Read More

As ‘superstar’ cities thrive, poorer ones get left behind

As ‘superstar’ cities thrive, poorer ones get left behind
NASHVILLE, Tenn. (Reuters) – In the depths of the financial crisis, when the world was shunning debt and battening down for the worst, city officials here zagged in what seemed a preposterous direction and spent $600 million on a new convention center. The downtown district is pictured in Nashville, Tennessee, U.S., January 7, 2019. Picture taken on January 7, 2019.... Read More

As ‘superstar’ cities keep winning, worrisome U.S. divide widens

As ‘superstar’ cities keep winning, worrisome U.S. divide widens
NASHVILLE, Tenn. (Reuters) – In the depths of the financial crisis, when the world was shunning debt and battening down for the worst, city officials here zagged in what seemed a preposterous direction and spent $600 million on a new convention center. The Space Needle is seen on the skyline of the Puget Sound port city of Seattle, Washington, U.S.... Read More

Union Pacific cost cuts sheltered profit amid freight slowdown

Union Pacific cost cuts sheltered profit amid freight slowdown
(Reuters) – Union Pacific Corp (UNP.N) on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised rates to overcome disruptions from record floods in the Midwest and ongoing U.S.-China trade tensions. FILE PHOTO: Locomotives at Union Pacific’s Engelwood rail yard wait to return to service near downtown Houston, Texas, U.S.... Read More

Union Pacific quarterly profit beats estimates on price gains

Union Pacific quarterly profit beats estimates on price gains
FILE PHOTO: Locomotives at Union Pacific’s Engelwood rail yard wait to return to service near downtown Houston, Texas, U.S. on September 6, 2017. REUTERS/Nick Carey (Reuters) – Union Pacific Corp (UNP.N) on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised prices to overcome the effects of severe flooding in... Read More

Futures edge lower as Netflix tumbles

Futures edge lower as Netflix tumbles
(Reuters) – U.S. stock futures slipped on Thursday after streaming pioneer Netflix posted its first drop in U.S. subscribers since 2011, kicking off earnings for the so-called FANG group on a sour note. Traders work on the floor of the New York Stock Exchange in New York, United States, July 2, 2015. REUTERS/Brendan McDermid Netflix Inc (NFLX.O) sank 11.2% premarket... Read More

Global stocks slip as U.S.-China trade war drags on corporate earnings

Global stocks slip as U.S.-China trade war drags on corporate earnings
LONDON (Reuters) – Global shares slipped on Thursday on growing signs that a trade dispute between the United States and China was taking a toll on corporate earnings, with nerves spreading from Wall Street through Asia to European markets. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File... Read More