Investors eye Elliott’s Plan B as BHP shake-up push falters
LONDON/SYDNEY (Reuters) – Two weeks after Elliott Management’s surprise assault on BHP Billiton, the fund manager’s three-point demand for change is gaining little traction with investors, prompting expectations a second strike is imminent.
Empty Pearl River Delta branches a check on HSBC’s China plan
DONGGUAN, China/LONDON/HONG KONG (Reuters) – In the digital age, footfall in bricks-and-mortar outlets is an incomplete measure of business activity, but HSBC’s empty branches in the Pearl River Delta (PRD) suggest it’s not all plain sailing for the ba…
United Airlines CEO answers lawmakers on passenger dragging incident
(Reuters) – United Airlines Chief Executive Oscar Munoz said less than one passenger was involuntarily denied boarding per 23,000 on an average last year, responding to questions from lawmakers regarding the rough removal of a passenger from one of its…
China, Europe pledge closer aviation ties ahead of landmark jet launch
SHANGHAI (Reuters) – Chinese and European aviation regulators said on Thursday they will forge closer ties over aircraft manufacturing and certification as the global industry turns its eyes to China ahead of the maiden flight of the Chinese-built C919…
United to offer passengers up to $10,000 to surrender seats
NEW YORK (Reuters) – United Airlines said on Thursday it would offer passengers who volunteer to forfeit their seats on overbooked flights up to $10,000 as part of the carrier’s efforts to repair the damage from the rough removal of a passenger.
Trump says was ‘psyched to terminate NAFTA’ but reconsidered
WASHINGTON (Reuters) – President Donald Trump told Reuters on Thursday that he was “psyched” to terminate the NAFTA trade deal with Canada and Mexico, but changed his mind after their leaders asked for it to be renegotiated instead.
Judge says Exxon owes $19.95 million for Texas refinery pollution
HOUSTON (Reuters) – A federal judge ruled on Wednesday that ExxonMobil Corp should pay a $19.95 million penalty for pollution from its Baytown, Texas, refining and chemical plant complex between 2005 and 2013.
Oil prices felled by Libyan oil restart and weak gasoline demand
NEW YORK (Reuters) – Crude prices were slightly lower after a volatile session on Thursday, as the restart of two key Libyan oilfields and concerns about lackluster gasoline demand fed concern over whether major oil producers can alleviate the glut of …
Shares in Japan’s Takata suspended after report on bankruptcy plan
TOKYO (Reuters) – Trading in Takata Corp shares was suspended on Thursday after a report that the Japanese airbag maker at the heart of the car industry’s biggest-ever recall is considering a bankruptcy plan that will create a new company and ringfence…
Trump tax cut caution, ECB meeting cools risk rally
LONDON (Reuters) – A record-setting rally in world stocks ran out of steam on Thursday, with unconvincing U.S. tax cut plans cooling investors’ spirits and caution setting in as the European Central Bank met.
