Thomas Cook sets May 7 deadline for interest in airline business: sources
Thomas Cook has set a deadline of May 7 for expressions of interest in its airline business, with Indigo Partners and Lufthansa among the likely bidders, sources said.
Boeing names special adviser to CEO amid 737 MAX crisis
Boeing Co on Wednesday named a new senior adviser to Chief Executive Officer Dennis Muilenburg and the board of directors as the world’s largest planemaker faces its biggest crisis in years after two deadly crashes of its 737 MAX.
Brailsford hits back at critics as Sky becomes Team INEOS
Dave Brailsford is accustomed to answering awkward questions and the man who masterminded Britain’s rise as a cycling powerhouse was at it again as Team Sky transformed into Team INEOS on Wednesday.
Nations using oil ‘as a weapon’ causing damage to OPEC -Iran oil minister
Iran’s oil minister hit out on Wednesday against the use of oil sanctions “as a weapon” by the United States and the damage it was doing to OPEC, according to SHANA, the news outlet of the OPEC member’s oil ministry.
Yum beats expectations on KFC growth, Taco Bell weighs
Yum Brands Inc reported quarterly earnings and same-store sales above Wall Street estimates on Wednesday, as KFC recorded its best growth in three years, but weaker-than-expected growth at Taco Bell weighed on the company’s shares.
FAA mandates changes to Boeing 787 Dreamliner
The U.S. Federal Aviation Administration on Wednesday said it was mandating new flight control software and parts to Boeing Co’s 787 Dreamliner to address what it called an unsafe operating condition of certain products on the plane.
Apple results boost stocks, dollar dips
Global equities advanced on Wednesday for a fourth-straight day of gains as Apple’s strong results soothed concerns about earnings growth and the dollar dipped after some disappointing data ahead of a Federal Reserve policy statement.
S&P 500 at record high as Apple powers rally ahead of Fed decision
The S&P 500 index notched a fresh record high on Wednesday, as gains in Apple Inc’s shares after forecast-beating results powered a rally in technology stocks ahead of the Federal Reserve’s latest policy announcement.
CVS Health raises full-year profit forecast on Aetna strength
CVS Health Corp on Wednesday raised its full-year profit forecast and reported first-quarter earnings that topped Wall Street estimates due to growth in its Aetna health insurance business, and as drug prices fell within its expectations.
U.S. economy appearing to slow; labor market strong
U.S. manufacturing activity slowed more than expected in April amid a sharp drop in orders and construction spending fell in March, suggesting a moderation in economic growth.
