Airlines raise fares for the second time this year
Three of the nation's biggest airlines have joined JetBlue Airways in raising fares, marking the second price bump of the year.JetBlue raised prices last week by $6 per round trip, and over the last few days Delta Air Lines, United Airlines and American Airlines followed suit. Air Canada and WestJet also matched the hike over the weekend. The first hike of the year, another increase of up to $6 per round trip, was initiated Jan. 4 by Delta Air Lines and matched later by Southwest, United and Am..>> view originalAirlines raise fares for the second time this year
Three of the nation's biggest airlines have joined JetBlue Airways in raising fares, marking the second price bump of the year.JetBlue raised prices last week by $6 per round trip, and over the last few days Delta Air Lines, United Airlines and American Airlines followed suit. Air Canada and WestJet also matched the hike over the weekend. The first hike of the year, another increase of up to $6 per round trip, was initiated Jan. 4 by Delta Air Lines and matched later by Southwest, United and Am..>> view originalCP will seek STB declaratory order
Canadian Pacific on Tuesday, Feb. 16, 2016 announced it will seek a declaratory order from the U.S. Surface Transportation Board (STB) “confirming the viability of the voting trust structure that CP has suggested as part of its proposed merger with Norfolk Southern.” NS, which thus far has rejected all of CP’s offers, has stated numerous times that CP has not sought an STB declaratory order. For example, in a Dec. 23, 2015 letter to CP, NS said, “There is no basis to meet until you . . . add..>> view originalOil loses nearly 4 percent as hopes over Saudi, Russia deal fade
NEW YORK Brent oil fell almost 4 percent on Tuesday, erasing early gains after top producers Russia and Saudi Arabia dashed expectations of an outright supply cut by agreeing only to freeze output if other big exporters joined them.Benchmark Brent prices jumped briefly through $35 a barrel after Russia and Saudi Arabia agreed to keep output at January levels, in what could be the first joint OPEC and non-OPEC deal in 15 years.Qatari energy minister Mohammad bin Saleh al-Sada said the step wou..>> view originalApollo Global's ADT deal shows appetite for M&As still strong
Private equity firm Apollo Global Management LLC (APO.N) will buy ADT Corp (ADT.N) in the biggest leveraged buyout so far this year to create a business with nearly a third of North America's electronic security products market. The $7 billion cash deal is Apollo's second this month, suggesting that market volatility is yet to cool M&A activity.Shares of ADT, which makes burglary alarm and video surveillance systems for homes and businesses, jumped as much as 53.7 percent to $41.30 on Tuesday,..>> view originalFed's Kashkari, in first speech, suggests radical Wall St. overhaul
WASHINGTON The U.S. Federal Reserve's newest policymaker and a former point man for the government's bailout of the financial industry on Tuesday called on lawmakers to take radical action to rein in banks and protect taxpayers.In his first speech as head of the Minneapolis Fed, Neel Kashkari, a Goldman Sachs executive before he worked at the U.S. Treasury, urged Congress to consider "bold, transformational" rules including the breaking up of the nation's largest banks to avoid bailouts.Kashka..>> view originalU.S. and Cuba sign civil aviation accord and Cuba's foreign trade minister comes to Washington
The United States and Cuba signed a civil aviation agreement Tuesday morning, paving the way for scheduled airline service between the two countries for the first time in more than 50 years.The agreement, which was signed at the Hotel Nacional in Havana, set the clock ticking for U.S. airlines to apply for route authorities and flight frequencies to the island. The pact allows up to 20 daily flights to Havana and up 10 flights daily to nine other Cuban destinations with international airlines.A..>> view originalGroupon Soars Again, This Time After Alibaba's 5.6% Stake
Groupon Inc. surged for a second straight trading day, this time after Alibaba Group Holding Ltd. bought a 5.6 percent stake in the online marketplace, rekindling investor interest as the company moves away from its roots as a daily deals provider.The Chinese e-commerce company bought 33 million shares of Groupon, according to a regulatory filing Friday after the close of markets, making it the fourth-largest shareholder in the website that has lost about 80 percent of its value since going pub..>> view originalHomebuilder confidence declines to nine-month low
Updated at 1:26 p.m.Confidence among U.S. homebuilders dropped in February to a nine-month low as potential buyers stayed away, interrupting the steady progress residential real estate had built over the course of 2015.The National Association of Home Builders/Wells Fargo builder sentiment index decreased to 58 in February from a revised reading of 61 the prior month, figures from the Washington-based group showed Tuesday. Readings greater than 50 mean more respondents reported good market cond..>> view originalAmerican Airlines Sues Gogo Over In-Flight Wi-Fi Speed
It’s not just you: even American Airlines thinks their in-flight Wi-Fi is slow. American Airlines sued in-flight Wi-Fi provider Gogo on Friday, contending the airline has received better offers from other internet companies, in a suit that could result in a change of the internet provider for about 200 of American aircrafts. The lawsuit, which is not a termination notice, asks a judge to give Gogo official notice that American Airlines has received a better offer from a competitor. American Ai..>> view originalCruz tax plan would cost $8.6 trillion, second only to Trump
Republican presidential candidate Sen. Ted Cruz (R-TX) stands with his wife Heidi. (Photo by Christopher Furlong/Getty Images) Republican Presidential candidate Ted Cruz’s plan to impose a flat 10 percent tax on all personal income and greatly lower the corporate tax rate would cost the federal government at least $8.6 trillion over a decade, according to a new analysis. The plan would be the second most expensive tax proposal in the GOP presidential field, with only businessman Donald Trum..>> view original
Tuesday, February 16, 2016
Airlines raise fares for the second time this year and other top stories.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment