United Airlines hires No. 2 at American to be its president
(Reuters) – United Continental Holdings Inc has hired the No. 2 executive at rival American Airlines Group Inc , Scott Kirby, to be its president, the companies said on Monday.
Wall St. gains as data points to budding economy
NEW YORK (Reuters) – Financial and commodity-sector stocks led the S&P 500 higher in a low-volume session on Monday after consumer spending rose for a fourth straight month, pointing to a pick-up in U.S. economic growth.
Mondelez abandons pursuit of U.S. chocolate maker Hershey
(Reuters) – Mondelez International Inc , the maker of Oreo cookies and Cadbury chocolates, said it was no longer pursuing the acquisition of Hershey Co , two months after the U.S. chocolate company turned down its $23 billion cash-and-stock bid.
In twist, Caesars wins brief extension on lawsuit shield
(Reuters) – In a case full of twists, Caesars Entertainment Corp late on Monday won a two-week extension on a shield from lawsuits worth billions of dollars just days after a different U.S. court allowed those cases to proceed.
European Commission says ‘ball still rolling’ on trade deal with U.S.
BRUSSELS (Reuters) – The European Union’s executive said on Monday it had a unanimous mandate from the bloc’s 28 members to finalize negotiations on a free trade deal with the United States, a day after Germany’s economy minister said the talks had “de…
Sycamore Partners confirms bid for bankrupt Aeropostale
SAN FRANCISCO (Reuters) – Sycamore Partners on Monday confirmed it submitted a bid for Aeropostale Inc after a judge issued an opinion rejecting the teen-focused retailer’s attempt to block an offer and blame its bankruptcy on the private equity firm.
Boeing keeps jetliner prices steady amid slowing sales
SEATTLE (Reuters) – Boeing Co said on Monday it will refrain from increasing jetliner prices for the first time since 2009 as the industry grapples with a slowdown in new plane sales.
U.S. moves toward anti-dumping duties on truck and bus tires from China
WASHINGTON (Reuters) – The U.S. Commerce Department said on Monday truck and bus tires from China were being dumped in the United States at below-market prices, a potential step toward the imposition of duties.
Southwest Airlines, pilots agree in principle on new contract
(Reuters) – Southwest Airlines Co and its pilots have agreed in principle on a new contract, the U.S. budget carrier’s pilot union said on Monday.
Solid U.S. consumer spending boosts prospect of Fed rate hike
WASHINGTON (Reuters) – U.S. consumer spending increased for a fourth straight month in July amid strong demand for automobiles, pointing to a pickup in economic growth that could pave the way for the Federal Reserve to raise interest rates this year.
