Delta pilots get 30 percent raise by 2019 in new contract
MONTREAL/NEW YORK (Reuters) – Delta Air Lines Inc pilots on Thursday agreed to a new contract that delivers a 30 percent pay raise by 2019, as the aviation industry deals with mounting demand for higher wages to fly planes at a time of big profits.
Wall Street steps into Skechers after CEO buys shares
SAN FRANCISCO (Reuters) – Skechers USA’s stock was on track for its best day in over two years on Thursday after the shoe seller’s chief executive bought $11 million worth of the beleaguered shares and a brokerage recommended it after viewing new prod…
Caterpillar says Wall Street ‘too optimistic’ on 2017 profit estimate
(Reuters) – Caterpillar Inc , the world’s largest construction and mining equipment maker, said on Thursday analysts’ earnings expectations for 2017 were “too optimistic” as oil prices remained volatile.
Fed may face unnerving shake-up under Trump administration
WASHINGTON (Reuters) – Change at the Federal Reserve could come quickly with President-elect Donald Trump’s team pledging to promptly fill high-level central bank jobs and roll out a tax and fiscal plan that could rewrite policymakers’ core economic as…
U.S. factory activity at five-month high, bottlenecks emerging
WASHINGTON (Reuters) – U.S. factory activity accelerated to a five-month high in November amid a pickup in new orders and production, suggesting that the manufacturing sector was regaining its footing after a prolonged slump.
Oil prices soar after OPEC output deal, Brent hits 16-month high
NEW YORK (Reuters) – Oil prices surged more than 4 percent on Thursday, with Brent crude at its highest in about 16 months, extending gains after OPEC and Russia agreed to restrict output to reduce the global supply glut more quickly.
Lufthansa pilots want clarity on new offer before any talks
BERLIN (Reuters) – German pilots’ union Vereinigung Cockpit said on Thursday it wanted more information from Lufthansa before it could decide whether to revive failed pay talks, meaning more strikes could be on the cards at any time.
Facebook developing artificial intelligence to flag offensive live videos
MENLO PARK, Calif. (Reuters) – Facebook Inc is working on automatically flagging offensive material in live video streams, building on a growing effort to use artificial intelligence to monitor content, said Joaquin Candela, the company’s director of applied machine learning.
Questions resurface about who would succeed longtime Goldman CEO
(Reuters) – Goldman Sachs Group Inc is again facing questions about who would succeed longtime Chief Executive Officer Lloyd Blankfein when he eventually steps down.
U.S. failing to curb money laundering by shell companies: task force report
WASHINGTON (Reuters) – The United States received failing scores for its efforts to prevent the laundering of criminal proceeds by shell companies, accountants and real estate agents, the Financial Action Task Force (FATF) said in a report released Thu…
