The CEO of American Airlines said Monday that his airline needed a partnership with JetBlue because Delta Air Lines had bulked up through a merger sooner than American, had more takeoff and landing rights at New York airports, and fewer unionized workers. Robert Isom also conceded that Delta has “run a nice, reliable airline” and…
WASHINGTON (Reuters) – Boeing Co does not anticipate winning approval from the Federal Aviation Administration (FAA) for the Boeing 737 MAX 10 before next summer, according to an agency letter sent on Monday. Boeing faces a December deadline to win approval of the 737 MAX 7 and 10 variants or it must meet new modern…
By Dave Graham MEXICO CITY (Reuters) – Talks between the United States and Mexico to resolve a dispute over energy policy will extend beyond an initial consultation period as the two sides narrow differences, officials said on Monday. The U.S. Trade Representative (USTR) in July demanded dispute settlement talks on the grounds that Mexican President…
By Akash Sriram and Savyata Mishra (Reuters) – Tesla Inc shares closed down 8.6% in their steepest single-day decline in four months on Monday after third-quarter vehicle deliveries fell short of Wall Street estimates due to logistic hurdles, with slowing outlook for economic growth raising doubts about demand. The tumble wiped out more than $71…
By Aishwarya Nair (Reuters) – General Motors Co outsold Japanese automaker Toyota Motor Corp in the United States in the third quarter, data on Monday showed, but analysts and investors are fretting that a darkening economic picture will lead to a drop in car sales. Thus far, a shortage of cars due to supply disruptions,…
By Oliver Hirt and Michael Shields ZURICH (Reuters) -Credit Suisse Group AG saw its shares slide by as much as 11.5% and its bonds hit record lows on Monday before clawing back some of the losses amid concerns about the lender’s ability to restructure its business without asking for more money. The situation prompted Swiss…
By Richa Naidu and Jessica DiNapoli LONDON (Reuters) -Diageo PLC’s Chief Executive Ivan Menezes believes Scotland could face a water shortage due to climate change unless businesses and lawmakers act, he said at the Reuters Impact conference on Monday. The threat in Scotland, where Diageo is the biggest exporter of Scotch whisky through brands like…
DETROIT (AP) — U.S. new vehicle sales fell slightly in the third quarter, even though some automakers reported improvement in September. But there are warning signs consumers’ appetite for expensive new cars, trucks and SUVs may be waning. Edmunds.com said Monday that sales fell 0.9% from July through September, with most automakers reporting declines. General…
LONDON (Reuters) -The OPEC+ group of oil producers is discussing output cuts of more than 1 million barrels per day (bpd), OPEC sources said, and voluntary cuts by individual members could come on top of that, making it their largest cut since 2020. The group is set to meet on Oct. 5 in Vienna —…
By Jane Lanhee Lee and Stephen Nellis (Reuters) -Facebook parent Meta Platforms Inc said on Monday it has launched a new set of free software tools for artificial intelligence applications that could make it easier for developers to switch back and forth between different underlying chips. Meta’s new open-source AI platform is based on an…
