Month: May 2018

Delta Air Lines is investing $1.9 billion in terminal renovations at Los Angeles International Airport over the next five years. “We’re out of capacity,” CEO Edward Bastian told CNBC’s Phil LeBeau on “Power Lunch” on Thursday. “We can’t bring any more customers through until we redevelop the terminals and the experience for the local Angelenos.”
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Check out the companies making headlines before the bell: General Motors – Softbank’s Vision Fund is investing $2.25 billion in GM Cruise, the General Motors autonomous vehicle venture. GM will also inject a fresh $1.1 billion into the unit, assuring funding through the planned beginning of commercialization in 2019. Dollar General – The discount retailer
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Getty Images Roger Newport, chief executive officer of AK Steel Holding Corp., listens during a press conference following a meeting with U.S. President Donald Trump and steel and aluminum executives at the White House in Washington, D.C., U.S., on Thursday, March 1, 2018. Profitability at parts of AK Steel remains limited, according to Goldman Sachs,
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Check out the companies making headlines before the bell: Dick’s Sporting Goods – The sporting goods retailer beat forecasts by 7 cents a share, with adjusted quarterly profit of 52 cents per share. Revenue also came in above forecasts. Comparable-store sales fell more than expected, but Dick’s also raised its full-year outlook largely above Street’s
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About 110,000 students applied for Deutsche Bank’s graduate scheme this year in the most striking example of millennials’ appetite for careers at even the most troubled banks. The applications for Deutsche, which recently announced 7,000 job cuts to drop its workforce to less than 90,000, were up 20 per cent in a year when rivals
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Small businesses should focus on trying to pay more in order to attract hard-to-find workers, Paychex CEO Martin Mucci told CNBC on Tuesday. “The dollars from tax reform are going to earnings growth and to capital investment as opposed to the wage growth,” he said. “That’s going to have to give to be able to
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Jekesai Njikizana | AFP | Getty Images Members of Zimbabwe’s ruling party, ZANU PF (Zimbabwe African National Union Patriotic Front), arrive at the launch of its election manifesto on May 4, 2018 in Harare, Zimbabwe. The European Union will oversee elections held in Zimbabwe this summer, the first time it has done so in 16
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A veteran market researcher is out with a warning — saying the Federal Reserve is relying too heavily on economic surveys skewed by social media to mold their policies. According to Bianco Research President James Bianco, most economists mistakenly believe that leading indicators are signaling an “A+” economy that can withstand rising interest rates. “It’s
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Union members representing Canadian Pacific Railway Ltd’s (CP) conductors and locomotive engineers have served a notice to go on strike as early as May 29, according to a union statement released on Saturday. The strike notice comes a day after the union rejected the company’s latest contract offer. “After workers at CP voted to reject
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Bitcoin is still a buy despite its continued losses, blockchain venture capitalist Spencer Bogart told CNBC. The digital currency’s increased number of use cases is proof that the popular form of money is being institutionalized. “Every major bank is trying to do something in the space,” Bogart, a partner at Blockchain Capital, told CNBC’s “Fast
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