Tuesday 17 July 2018

United Airlines raises 2018 profit forecast; shares rise

United Airlines raises 2018 profit forecast; shares rise

United Airlines raised its profit forecast for 2018 on Tuesday, breaking a trend for U.S. airlines as average fares and traffic both rose and it trimmed capacity expansion in the face of soaring fuel costs.

UK PM May narrowly avoids defeat in parliament on EU trade laws

British Prime Minister Theresa May narrowly avoided a defeat in parliament at the hands of pro-EU lawmakers from her own party on Tuesday, fending off a rebellion that had threatened to deepen a crisis over her Brexit strategy.

'Fanatical' pro-Brexit lawmakers pushing UK toward new election: former PM Major

Prime Minister Theresa May could be forced to call another election in months if the "fanatical" pro-Brexit wing of her party do not compromise over how Britain leaves the EU, former prime minister John Major warned on Tuesday.

Wall St. ends up on Powell comments, earnings

U.S. stocks rose on Tuesday and the Dow posted its fourth consecutive session of gains, as Federal Reserve Chairman Jerome Powell expressed an optimistic U.S. economic view and solid earnings bolstered the outlook for a robust reporting period.

Social media companies defend filtering practices before Congress

Facebook Inc , Alphabet Inc and Twitter Inc told a U.S. House panel on Tuesday that the social media companies are not discriminating against content for political reasons.

Boeing lifts industry demand forecast as air show deals roll on

Boeing raised its rolling 20-year industry forecast for passenger and cargo aircraft on Tuesday, as a steady flow of deals on day two of the Farnborough Airshow underscored the industry's resilience to rising global trade tensions.

U.S. airline Republic Airways to buy 100 Embraer jets

U.S. regional airline Republic Airways signed a letter of intent to buy 100 E175 passenger jets made by Brazil's Embraer SA , the two companies said at the Farnborough Airshow on Tuesday.

Boeing CEO eyes supplier price cuts after Embraer deal

Boeing will press for deeper price cuts from some suppliers once it completes its planned acquisition of the regional jet business of Brazil's Embraer , Chief Executive Dennis Muilenburg told Reuters on Tuesday.

General Atomics to provide drones to the Netherlands air force

General Atomics Aeronautical Systems Inc said on Tuesday it had been selected by the Dutch Ministry of Defence to provide unmanned aircraft to the Royal Netherlands Air Force.

Next Goldman CEO to take on old problems, new businesses

Goldman Sachs Group Inc named David Solomon as its next chief executive officer on Tuesday, ushering in a new era for the Wall Street bank as it expands into different businesses and revamps familiar ones.

Goldman Sachs pressed on strategy as new CEO confirmed

Goldman Sachs Group Inc was pressed for details on new businesses after an uneven second-quarter performance, a likely preview of challenges incoming Chief Executive David Solomon will face as he leads the Wall Street bank's overhaul.

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