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United Airlines to record $90 million charge related to Hong Kong routes

United Airlines Holdings Inc said on Tuesday it expects a non-cash impairment charge of $90 million in the fourth quarter related to its Hong Kong routes, following anti-government protests in the city.



5 years ago

Boeing changes stance, recommends 737 MAX simulator training for pilots

Boeing Co said on Tuesday it was recommending that airline pilots undergo simulator training before they resume flying the 737 MAX, a shift from its previous position that pilots only needed computer-based training.



5 years ago

Ex-Nissan boss Ghosn's legal team accuses automaker of 'perversion of truth'

Nissan Motor Co Ltd's claim that it conducted "a robust, thorough internal investigation" into its former chief, Carlos Ghosn, is a "gross perversion of the truth," his legal defense team said in a statement on Tuesday.



5 years ago

Oil surges after Iran attacks U.S. forces in Iraq, WTI at around $65

Oil rose sharply, with U.S. crude rising nearly $3, on Wednesday after the U.S. said its forces in Iraq were attacked by Iranian ballistic missiles, raising the prospect of a regional conflagration that could cut oil supplies.



5 years ago

Democratic lawmaker presses antitrust enforcers on company ties, settlements

The chair of the U.S. House of Representatives antitrust subcommittee pressed top regulators on Tuesday over merger decisions, including the Justice Department's approval of T-Mobile US Inc's proposed purchase of Sprint Corp .



5 years ago

Samsung Electronics flags smaller-than-expected profit fall as chip market bottoms out

Samsung Electronics Co Ltd on Wednesday flagged a smaller-than-expected fall in quarterly operating profit, indicating that memory chip prices bottomed out quicker than analysts had anticipated, strengthening hopes of a recovery.



5 years ago

Wall Street dips as investors focus on Middle East, but chipmakers climb

Wall Street's major indexes declined on Tuesday as investor caution persisted amid a dispute between the United States and Iran, while energy shares fell as oil prices gave back some recent gains.



5 years ago

U.S. FAA says "closely monitoring" aviation safety in Middle East after missile attack

The U.S. Federal Aviation Administration (FAA) said it was closely monitoring events in the Middle East and coordinating with U.S. airlines and foreign authorities about aviation safety after Iran launched a missile attack on U.S.-led forces in Iraq.



5 years ago

Asian shares slump; gold, oil soar after Iran strike on U.S. forces

Asian shares and U.S. treasury yields plunged on Wednesday, while gold and oil shot higher after Iran fired rockets at an Iraqi airbase that hosts U.S. military forces, stoking fears of further sharp escalations in a developing conflict.



5 years ago

Alibaba undercuts Amazon in Europe to woo wary brands

After years of reconnaissance, China's retail king Alibaba is finally making its move on Europe. It is undercutting Amazon sellers' fees to attract vendors but has had mixed results, six sources with direct knowledge of the matter said.



5 years ago

Oil jumps as Iran rocket strike on U.S. forces jolts markets

Oil prices jumped to their highest in months on Wednesday after Iran attacked American forces in Iraq in response to a U.S. strike that killed an Iranian general last week, raising the specter of a spiraling conflict and disrupted oil supplies.



5 years ago

U.S. FAA bans airlines from flying over Iraq, Iran after missile attack on U.S. troops

The U.S. Federal Aviation Administration said it would ban U.S. carriers from operating in the airspace over Iraq, Iran, the Gulf of Oman and the waters between Iran and Saudi Arabia after Iran launched a missile attack on U.S.-led forces in Iraq.



5 years ago

Stocks tumble, gold and crude soar after Iran strike on U.S. forces

Asian shares and U.S. treasury yields tumbled on Wednesday, while the yen, gold and oil shot higher after Iran fired rockets at Iraqi airbases hosting U.S. military forces, stoking fears of a wider conflict in the Middle East.



5 years ago

Samsung Electronics says profit fall likely milder than forecasts as chip prices bottom out

Samsung Electronics Co Ltd on Wednesday said quarterly operating profit likely fell at a milder pace than analysts forecast, indicating memory chip prices bottomed out and strengthening hope of recovery from an industry downturn.



5 years ago

Stocks, gold and oil whipsawed as Iran strikes pushes Mideast to brink

Financial markets were roiled on Wednesday after Iran fired missiles at U.S. forces in Iraq, sending Asian stocks and U.S. Treasury yields sliding and sharply lifting oil prices as investors feared a wider conflict in the Middle East.



5 years ago