Allegiant Air’s pilots ratify new contract
(Reuters) – Allegiant Air said its pilots represented by the Teamsters union ratified a new five-year contract, ending labor issues at the Las Vegas-based budget carrier at a time the U.S. airline industry is grappling with a shortage of pilots.
Exclusive: California regulator says testing to begin on Volkswagen diesel fix
(Reuters) – Volkswagen AG and the California Air Resources Board will begin testing hardware and software that could help the German automaker avoid buying back as many as 475,000 diesel cars sold in the United States with improperly designed pollution…
SABMiller backs AB InBev offer for biggest-ever consumer takeover
LONDON/BRUSSELS (Reuters) – The board of brewer SABMiller will recommend its shareholders approve a sweetened takeover offer by Anheuser-Busch InBev , the company said on Friday, capping a week of high drama about the fate of the consumer industry’s b…
Fed’s Williams downplays GDP weakness, sees rate hikes
CAMBRIDGE, Mass. (Reuters) – The Federal Reserve could raise interest rates up to two times before year end, a top Fed official said on Friday as he downplayed data that showed the U.S. economy grew far less than expected in the last quarter.
Taxing times: why Russian pump prices rise as oil prices fall
MOSCOW (Reuters) – The global economic slowdown has hurt millions of households, but has at least had a silver lining: with oil prices falling, the cost of filling up a vehicle with fuel has dropped.
AutoNation CEO: Auto retailer wants to trim inventories further
(Reuters) – AutoNation Inc Chief Executive Mike Jackson told Reuters the U.S. auto dealership chain will continue reducing stocks of unsold vehicles at its stores, responding to signs that U.S. vehicle sales growth has hit a plateau.
Rising revenue boosts UPS profit; 2016 forecast confirmed
CHICAGO (Reuters) – United Parcel Service Inc reported a higher quarterly net profit on Friday that met analyst expectations as revenue grew across its business units, and the company reaffirmed its full-year earnings outlook despite global economic u…
Alphabet and Amazon wind up stellar quarter for big tech
(Reuters) – Google parent Alphabet Inc and e-commerce giant Amazon.com Inc capped a blockbuster June quarter for the five biggest U.S. tech companies as their dominance in key markets helped them defy the “law of large numbers”.
Oil faces big monthly loss on slowing economic growth, oversupply
LONDON (Reuters) – Oil prices fell to their lowest levels since April on Friday, with Brent on track for its biggest monthly loss since December 2015, pressured by slowing economic growth that threatened to increase a supply overhang of crude and refin…
Credit Suisse to create U.S. banking business for billionaires
(Reuters) – Credit Suisse Group AG , which exited its U.S. private wealth business last year, is building out a new investment banking group in the region to serve billionaires.
