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Southwest and American pull 737 MAX until early March, nearly a year after grounding

Southwest Airlines and American Airlines Group Inc said on Friday they are extending Boeing 737 MAX cancellations until early March, just shy of the one-year anniversary of an Ethiopian Airlines crash of the jet that led to a worldwide grounding.



5 years ago

Amazon long-time executive Steve Kessel to step down

E-commerce giant Amazon.com Inc's long-serving executive Steve Kessel will leave the company after 20 years, a company spokesperson told Reuters on Friday.



5 years ago

WeWork data shows growth still doubling

WeWork owner The We Company disclosed data on Friday that showed expansion of its office-sharing business was almost doubling in size from a large pipeline of leases even as the money-losing company plans to slash costs and reduce its headcount.



5 years ago

US DHS Awards Mavennet $182K for Cross-Border Oil Import Tracking Using Blockchain

Mavennet and US Department Homeland Security | Patrick Mandic | Nov 6, 2019 WASHINGTON – The Department of Homeland Security (DHS) Science and Technology Directorate (S&T) has awarded $182,700 to Toronto-based Mavennet Systems, Inc. to adapt its oil and gas industry blockchain security technology for Custom Border Protection (CBP) to track cross-border oil imports. “Accurately tracking

5 years ago

Asian shares ease from six-month highs on U.S.-China trade angst

Asian stocks retreated from six-month highs on Friday as conflicting signals from China and the United States on progress made in trade talks deflated market hopes of a near term truce to end their damaging tariff war.



5 years ago

Rare permit for Keystone oil pipeline in spotlight after spills

The massive Keystone pipeline has been transporting oil from Canada to the United States at a higher-than-standard level of pressure since it started operating in 2010, thanks to a special permit granted by U.S. regulators on the condition operator TC Energy Corp would monitor the line closely.



5 years ago

New PSA-Fiat Chrysler management to try to improve cost savings: PSA CEO

The value of the cost savings announced in the planned merger between Peugeot owner PSA and Fiat Chrysler is nominal, and its management will try to improve that over time, PSA's chief executive told French BFM Business radio on Friday.



5 years ago

GE unit orders 25 Airbus jets including 12 Rolls-powered A330neo: sources

Leasing giant GECAS, the aircraft leasing subsidiary of General Electric , has ordered 25 Airbus aircraft including a rare purchase of jets powered by GE's rival engine maker Rolls-Royce, two people familiar with the matter said.



5 years ago

Exclusive: Alibaba planning launch of $15 billion HK listing for last week of November - sources

Alibaba Group Holding Ltd plans to launch a Hong Kong share offering to raise $10 billion to $15 billion in the final week of November, two people with direct knowledge of the matter told Reuters.



5 years ago

Japanese companies likely to spurn Saudi Aramco IPO: JXTG president

Japanese companies are unlikely to invest in Saudi Aramco's blockbuster initial public offering (IPO) because it is difficult to evaluate the value of the world's biggest oil company, the head of Japan's largest refiner said on Friday.



5 years ago

With discounts galore and Taylor Swift, Alibaba eyes another record Singles' Day

Alibaba Group will kick off its annual 24-hour shopping extravaganza on Monday with deals and deep discounts galore, and a performance by American popstar Taylor Swift to top it all, as it pushes to rake in another record Singles' Day sales.



5 years ago

Fiat Chrysler chairman says 'great opportunities' from Peugeot tie up

Italian carmaker Fiat Chrysler will be able to "seize great opportunities" from a merger with Peugeot owner PSA , its chairman John Elkann said on Friday.



5 years ago

Exclusive: Boon for Hong Kong as Alibaba's eyes $15 billion late November listing - sources

Alibaba Group Holding Ltd plans to launch a Hong Kong share offering to raise $10 billion to $15 billion in the final week of November, in a deal that could boost the Asian financial hub as it struggles with anti-government protests.



5 years ago

U.S.-China trade war keeps markets on their toes

Uncertainty about the fate of the trade negotiations between the United States and China kept markets on their toes on Friday, with European stocks benchmarks mimicking their Asian peers and retreating from the previous session's highs.



5 years ago

EasyJet buys Thomas Cook airport slots at Gatwick and Bristol for $46 million

British budget airline easyJet has bought failed travel company Thomas Cook's take-off and landing slots at London Gatwick and Bristol airports for 36 million pounds ($46.13 million), it said on Friday.



5 years ago