United, Avianca and Copa’s South American deal delayed as they mull fourth partner
A proposed joint venture between United Airlines, Colombia’s Avianca Holdings and Panama’s Copa Holdings has been delayed due to the potential inclusion of a fourth partner, as well as problems at Avianca, the CEOs of two of the companies said.
GM, Toyota, Fiat Chrysler seek to intervene in California emissions suit
Major automakers including General Motors Co , Toyota Motor Corp , Hyundai Motor Co and Fiat Chrysler Automobiles NV are asking to intervene in a lawsuit filed by 23 U.S. states last month, the companies said on Monday.
Beyond Meat to offer more store discounts as competition heats up; shares fall
Beyond Meat Inc reported its first ever net profit and raised its full-year sales forecast, but shares tumbled 6.5% in extended trading as the vegan burger maker said it would need to offer more store discounts or promotions as competition heats up.
‘We know we made mistakes’ on 737 MAX: Boeing CEO
Boeing Co Chief Executive Dennis Muilenburg will acknowledge on Tuesday that the aircraft manufacturer made mistakes, as he appears at a congressional hearing on two 737 MAX crashes that killed 346 people, according to written testimony made public on …
Lockheed Martin awarded $7 billion U.S. defense contract: Pentagon
Lockheed Martin Corp has been awarded a $7 billion modification to a contract providing for 114 F-35 aircraft for the U.S. Air Force, the U.S. Marine Corps, the U.S. Navy, and the governments of Norway, Australia and Italy, the Pentagon said on Monday…
U.S. may extend tariff suspensions on $34 billion in Chinese goods
The United States Trade Representative is studying whether to extend tariff suspensions on $34 billion of Chinese goods set to expire on Dec. 28 this year, the agency said on Monday.
Alphabet misses profit estimates as Google bets big on newer businesses
Google parent Alphabet Inc missed analysts’ estimates for quarterly profit on Monday as it reported its highest-ever quarterly expenses, sending shares down about 1.2% even though revenue growth topped expectations.
U.S. regulator to bar China’s Huawei and ZTE from government subsidy program
The U.S. telecommunications regulator plans to vote in November to designate China’s Huawei and ZTE as national security risks, barring their U.S. rural carrier customers from tapping an $8.5 billion government fund to purchase equipment or services.
Beyond Meat expenses surge as manufacturing ramps up; shares fall
Beyond Meat Inc’s expenses more than doubled in the third quarter as the vegan burger maker ramped up manufacturing to meet booming demand for plant-based proteins.
Richard Branson’s Virgin Galactic soars before crashing to earth in NYSE debut
Richard Branson-backed Virgin Galactic Holdings Inc fetched a valuation of around $2.3 billion on its market debut on Monday, after shares in the first publicly traded space tourism company popped before fizzling out.
