Qatar Airways Sticks to Fleet, Route Growth Despite Rift
"We have had a lot of cancellations, especially to the four countries that did this illegal blockade, but we have found new markets and this is our growth strategy," he said, adding passengers were returning to the carrier after initially being deterred when the boycott started. He said Qatar was not the only country affected by the crisis."All these countries have families on either side of the borders, they have relatives, children, investments. Eventually people will realise that the move th..>> view originalWhy M&A Strategy (And Your Retail Experience) Just Changed Forever -- Amazon Swallows Whole Foods
The Whole Foods Market in Midtown New York. (TIMOTHY A. CLARY/AFP/Getty Images) Last Friday, e-commerce giant sent yet another shock wave rippling through all retailers, online or otherwise. Amazon announced the intention to purchase health foods grocer Whole Foods for $13.7 billion. Share prices for Wal-Mart, Kroger, and Costco all tumbled. The size of the deal is atypical. Since listing its stock publicly in 1997, Amazon has acquired nearly 80 other companies, including movie-and-TV i..>> view originalOil Trades Near $45 as US, Libya Pump Into Oversupplied Market
Oil traded near $45 a barrel following a fourth weekly loss as U.S. drillers continued to add rigs and Libya boosted output, blunting OPEC-led efforts to rebalance an oversupplied market.Futures were little changed in New York after capping the longest run of weekly declines since August 2015. U.S. drillers targeting crude added rigs for a 22nd straight week, the longest stretch in three decades, according to data Friday from Baker Hughes Inc. Libya is producing the most oil in four years after..>> view originalThe Latest: Qatar Air CEO says blockade leaves lasting wound
PARIS — The Latest on the Paris Air Show (all times local): 2:45 p.m. The CEO of Qatar Airways says the blockade imposed on his country by Gulf neighbors “will leave a lasting wound.” Speaking Monday at the Paris Air Show, Akbar Al Baker told The Associated Press: “People will not forget.” Al Baker said he expects U.S. President Donald Trump will intervene “to make sure that this blockade is lifted soonest...especially since he knows that we are part of his alliance against terrorism.” He calle..>> view originalTesla Inc Stock Shrugs Off Not-So-Secret Weapon
Tesla Inc (NASDAQ:TSLA) has just put its future into production. Elon Musk's team has confirmed that a new a generation of battery cells is now in production at Gigafactory 1 in Nevada. Those cells are destined for the Model 3, and likely a place in ...>> view originalJeff Bezos is $5 billion away from being the world's richest person
Watch out, Bill Gates: Jeff Bezos is gunning for your title. Thanks to a surge in Amazon (AMZN, Tech30) stock -- the company just announced that it is buying Whole Foods (WFM) -- Bezos added another $1.8 billion to his net worth, according to Bloomberg. Bezos is now worth about $84.6 billion total, leaving him just $5 billion shy of overtaking Gates as the wealthiest person in the world. He has a good shot. Bezos, 53, is focused on aggressively expanding Amazon, while Gates, 61, wants t..>> view originalHedge fund manager John Paulson joins Valeant's board after his firm took a nearly $2 billion hit on Valeant
Hedge fund billionaire John Paulson has joined the board of Valeant Pharmaceuticals. Paulson became a director of the board last Wednesday, the company announced Monday. "With his significant business and financial expertise, John will be a strong addition to the board," Valeant CEO Joseph Papa said in a statement. "His experience will be especially valuable as we continue to execute on our transformational strategy to turn around Valeant." Paulson has made a handful of bad bets on drugmaker..>> view originalRice Energy's stock soars after deal to be bought by EQT in a $6.7 billion deal
Shares of Rice Energy Inc. RICE, +24.83% rocketed 26% in premarket trade Monday, after the oil and natura..>> view originalEuropean markets move higher as Brexit talks begin; Credit Suisse up 3.4%
Lockheed Signs Pact With Tata to Make F-16 Planes in India
"F-16 production in India supports thousands of Lockheed Martin and F-16 supplier jobs in the U.S., creates new manufacturing jobs in India, and positions Indian industry at the center of the most extensive fighter aircraft supply ecosystem in the world," a joint statement by the firms said. Sweden's Saab is the other contender to supply the Indian Air Force, offering to make its Gripen fighter in India. It has not yet announced a local partner for the plane which it has pitched as a modern alt..>> view original
Thursday, October 5, 2017
Qatar Airways Sticks to Fleet, Route Growth Despite Rift and other top stories.
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