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Exclusive: FAA agrees with inspector general recommendations to improve Southwest oversight

The Federal Aviation Administration says it agrees with recommendations made by the U.S. Transportation Department's Inspector General that faulted its oversight of Southwest Airlines Co , according to a final report seen by Reuters ahead of its release later this week.



5 years ago

FTC demands data on small buys by Google, Amazon, Apple, Facebook, Microsoft

The Federal Trade Commission has issued special orders to Alphabet Inc's Google unit, Amazon.com Inc , Apple Inc , Facebook Inc and Microsoft Corp to provide information on mergers that were too small to report to antitrust regulators, the FTC said on Tuesday.



5 years ago

Exclusive: U.S. FAA agrees it must boost safety oversight for Southwest Airlines - report

The U.S. Federal Aviation Administration says it should have done a better job of ensuring Southwest Airlines Co had certified completion of maintenance on 88 used Boeing 737 jets, as noted in a report by the U.S. Transportation Department's Inspector General seen by Reuters ahead of its release.



5 years ago

Oil prices rise about 1%, up from 13-month low as virus cases slow

Oil prices rose about 1% on Tuesday, up from 13-month lows as the number of new coronavirus cases slowed in China, easing some concern over the potential for lengthy oil demand destruction.



5 years ago

Lyft forecasts slower growth in 2020, leaves target profit unchanged

Lyft Inc on Tuesday forecast slower growth in the new year as ridership growth stagnated in the second half of 2019, disappointing investors and sending shares down 3.7% after hours.



5 years ago

S&P 500, Nasdaq eke out new closing highs

S&P 500 and the Nasdaq inched to their second consecutive record closing highs on Tuesday as Chinese officials said the deadly coronavirus epidemic could be contained by April.



5 years ago

Investors expect any T-Mobile/Sprint deal price haircut to be small

T-Mobile US Inc may be limited in its ability to trim the price of its $40 billion acquisition of Sprint Corp after it overcame regulatory obstacles to completing the deal, investors and analysts said on Tuesday.



5 years ago

Facebook analyst explains why he downgraded the stock, preceding its slide

Pivotal Research Group analyst Michael Levine said part of Facebook's advertising business "just feels very unsustainable."

5 years ago

Hyundai signs development deal with another electric vehicle startup

Korean automaker Hyundai Motor Co broadened its future transportation portfolio with an agreement to jointly develop electric vehicles with California startup Canoo, the companies said on Tuesday.



5 years ago

Samsung unveils foldable Galaxy Z phone, Galaxy S with 5G

Samsung Electronics on Tuesday unveiled a foldable smartphone shaped like a large makeup compact, its second try at a novel technology that the South Korean cell phone maker hopes will set it apart from rivals Apple Inc and Huawei.



5 years ago

Lyft forecasts slower growth in 2020, leaves target profit date unchanged

Lyft Inc on Tuesday forecast slower revenue growth in the new year and the company refused to match larger rival Uber, which recently moved up a key profit target by a year, sticking to its later date of projected profitability.



5 years ago

U.S. FAA agrees it must boost safety oversight for Southwest Airlines

The U.S. Federal Aviation Administration says it should have done a better job of ensuring Southwest Airlines Co had certified completion of maintenance on 88 used Boeing 737 jets, as noted in a report by the U.S. Transportation Department's Inspector General released on Tuesday.



5 years ago

Samsung unveils compact foldable phone, 5G Galaxy S to fend off Apple, Huawei

Samsung Electronics on Tuesday unveiled a foldable smartphone shaped like a large makeup compact and put 5G mobile network capabilities into all of its other flagship devices as it strives to retain the mantle of biggest global phone company.



5 years ago

Google takes on EU in court over record antitrust fines

Google will on Wednesday seek to overturn the first of three hefty European Union antitrust fines at Europe's second-highest court in a landmark case that could determine how EU enforcers take on U.S. tech giants for abuse of market power.



5 years ago

Oil prices rise as new virus cases slow, easing Chinese demand concerns

Oil prices rose for a second day on Wednesday amid preliminary signs that new coronavirus cases are slowing in China, easing concerns over the demand impact from the disease in the world's second-largest oil consumer.



5 years ago