Friday 25 January 2019

Daily Investor Update: Flights grounded at U.S. East Coast airports as controllers call in sick

Reuters.com Newsletter

Flights grounded at U.S. East Coast airports as controllers call in sick

Hundreds of flights were grounded or delayed at New York-area and Philadelphia airports on Friday as air traffic controllers called in sick hours before President Donald Trump announced an end to the 35-day partial shutdown of the U.S. government.

Democrats warn U.S. aviation system is jeopardized by government shutdown

Two U.S. House Democrats who chair panels overseeing aviation issues warned Friday the ongoing partial government shutdown is jeopardizing aviation safety as air traffic controller staffing shortages forced a temporary halt to flights arriving at a New York airport and delayed hundreds of flights in the country's northeast.

WestJet facing flight delays, cancellations, from disruptions at U.S. airports

WestJet Airlines, Canada's No. 2 carrier, is experiencing delayed and canceled flights and expects "further delays and possible cancellations if more constraints are placed" on the U.S. air traffic system, a spokeswoman said on Friday.

Exclusive: CVS to cover migraine drugs from Teva, Lilly; excludes Amgen

CVS Health Corp, a top U.S. manager of pharmacy benefits, has added new migraine drugs from Teva Pharmaceutical Industries and Eli Lilly and Co to its list of covered drugs, excluding a rival treatment from Amgen Inc, a CVS spokeswoman told Reuters on Friday.

Stocks, bond yields up; deal to end shutdown announced

Wall Street indexes rallied and bond yields followed stocks higher on Friday as investors reacted to corporate earnings reports and U.S. President Donald Trump announced an agreement to end the longest ever U.S. government shutdown.

Swiss get five offers to replace aging jet fighter fleet

Switzerland on Friday received five bids to replace its aging fighter fleet, from European aerospace group Airbus, France's Dassault and Sweden's Saab, as well as Boeing and Lockheed Martin from the United States.

Irish data watchdog investigates Twitter over privacy rules breach

Twitter's lead regulator in the European Union, the Irish Data Protection Commissioner (DPC), said on Friday it was investigating the company for a breach notification received from the social networking site.

U.S. government shutdown gives banks rare public relations opportunity

The U.S. government shutdown has handed banks a rare opportunity to tout their nicer side as they prepare for rough treatment under a Democrat-controlled House of Representatives.

Wall Street gains on U.S. government shutdown compromise

Wall Street gained ground on Friday in a broad-based rally as investors were heartened by news that Washington would move to end the longest U.S. government shutdown in history.

Oil climbs on Venezuelan crisis despite surging U.S. supply

Oil prices edged higher on Friday as political turmoil in Venezuela threatened to tighten crude supply, but concerns over surging U.S. fuel stocks and global economic woes weighed on sentiment.

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