Tuesday, 1 October 2019

American Airlines pilots demand compensation over Boeing 737 MAX grounding

American Airlines pilots demand compensation over Boeing 737 MAX grounding

American Airlines Group's pilots want compensation for lost pay stemming from flights canceled as a result of the Boeing 737 MAX grounding, the head of the airline's pilot union said on Tuesday.

UAW rejects new GM offer as strike forces 6,000 Mexico layoffs

The United Auto Workers union said on Tuesday it rejected a new comprehensive offer from General Motors Co to end a two-week-old strike, saying the automaker came up short on several fronts including wages, healthcare and temporary workers.

UAW rejects new GM offer, makes new counterproposal

The United Auto Workers union said a new comprehensive offer made by General Motors Co late Monday to end a two-week-old strike was not acceptable and said it had made a new counterproposal.

Wall St. tumbles as September factory activity hits 10-year low

Wall Street tumbled on Tuesday after data showed U.S. factory activity shrank in September to its weakest in more than a decade, ratcheting up fears that a U.S.-China trade war could hobble the world's largest economy.

Exclusive: Italian prosecutors widen probe over safety of Atlantia-operated bridges - sources

Italian prosecutors have widened an inquiry into suspected safety breaches at subsidiaries of Atlantia ATL.MI to include more employees and viaducts than they identified last month, two sources close to the investigation told Reuters.

U.S. manufacturing dives to 10-year low as trade tensions weigh

U.S. manufacturing activity tumbled to a more than 10-year low in September as lingering trade tensions weighed on exports, further heightening financial market fears of a sharp slowdown in economic growth in the third quarter.

Fears of U.S. slowdown weigh on stocks; bonds rally

Weak economic data in the United States and Europe weighed on global stock benchmarks on Tuesday, sending investors into safe-haven assets.

Big drone on campus: UPS gets U.S. government okay for drone airline

United Parcel Service Inc on Tuesday said it won the U.S. government's first full approval to operate a drone airline, which gave it a lead in the nascent U.S. drone delivery business over rivals Amazon.com Inc and Alphabet Inc.

U.S. September auto sales fall as shift in Labor Day holiday hurts

Automakers, including Toyota Motor Corp and Hyundai Motor , on Tuesday reported a sharp drop in September U.S. sales, hurt by the early timing of Labor Day as sales from the holiday weekend were booked in August.

Oil prices sink as weak U.S. economic data dims demand outlook

Oil prices slipped on Tuesday, pressured as weak U.S. economic data dimmed crude's demand outlook, while reports of an output decline from the world's largest oil producers in the third quarter kept prices from falling further.

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