DIRS.INFO The most relevant business & tech news

☆ U.S. voids class action against Boeing, Southwest over MAX 8 safety
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: 1 min

Nov 21 (Reuters) - A U.S. appeals court on Monday decertified a class-action lawsuit accusing Boeing Co and Southwest Airlines Co (LUV.N) of concealing a serious safety defect in the Boeing 737 MAX 8 plane, and ordered the lawsuit be dismissed. The 5th U.S. Circuit Court of Appeals ruled in a case where a lower court had certified classes covering nearly 200 million ticket purchases. Reporting by Jonathan Stempel in New York Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ Boeing investors seek clarity, realistic goals after a series of setbacks
▼ + stars: | 2022-11-02 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +4 min

The Virginia-based planemaker is trying to emerge from overlapping crises: the pandemic and the grounding of the 737 Max, its best-selling model, after fatal crashes. Boeing last month predicted it would deliver 375 MAX planes this year, lower than a July target of "low 400s." Boeing expects to gradually ramp up the rate to five airplanes per month. REGULATORY HURDLESBoeing is also expected to provide an update on the certification of MAX 7 and MAX 10 planes. The Dallas-based carrier expects no 737 Max 7 deliveries this year and has converted 17 orders for next year to the 737 Max 8.

☆ Southwest says travel demand still strong, warns Boeing delays could continue into 2024
▼ + stars: | 2022-10-27 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

A Southwest Airlines Co. Boeing 737 passenger jet pushes back from a gate at Midway International Airport (MDW) in Chicago, Illinois, U.S., on Monday, Oct. 11, 2021. Southwest Airlines said Thursday that travel demand is still strong but warned that delays in new aircraft deliveries from Boeing could continue into 2024. Southwest said it will likely increase capacity 10% from 2022 during the first quarter of 2023 and 14% in the second quarter. Here's how Southwest performed in the third quarter, compared with Wall Street expectations according to Refinitiv consensus estimates:Adjusted earnings per share: 50 cents vs. an expected 42 cents. 50 cents vs. an expected 42 cents.

☆ S&P 500, Nasdaq slide, while Dow ends higher on mixed earnings picture
▼ + stars: | 2022-10-27 | by ( Stephen Culp | ) www.reuters.com time to read: +5 min

That sent S&P 500 futures down 0.5% and Nasdaq futures down 0.6%, showing traders expect Wall Street to open lower on Friday. Among the 11 major sectors of the S&P 500, industrials had the biggest percentage gain, with communication services (.SPLRCL), weighed by Meta, down the most. Third-quarter reporting season forges ahead at full speed, with 227 of the companies in the S&P 500 having reported. Shares of Southwest Airlines Co (LUV.N) rose 2.7% after the carrier's quarterly profit topped consensus estimates. The S&P 500 posted 23 new 52-week highs and 12 new lows; the Nasdaq Composite recorded 93 new highs and 119 new lows.

☆ Apple, Amazon, McDonald’s Headline Busy Earnings Week
▼ + stars: | 2022-10-22 | by ( Denny Jacob | ) www.wsj.com time to read: 1 min

Amazon is among the tech heavyweights slated to report earnings in the coming week. Amazon .com Inc., Apple Inc. and Meta Platforms Inc. are among the tech heavyweights featured in a packed week of earnings that investors will probe for indicators about the broader economy. Other tech companies scheduled to report their latest quarterly reports include Google parent company Alphabet Inc. and Microsoft Corp. Investors also will hear from airlines such as Southwest Airlines Co. and JetBlue Airways Corp., automotive companies General Motors Co. and Ford Motor Co., and energy giants Chevron Corp. and Exxon Mobil Corp.

Oct 17 (Reuters) - The U.S. Supreme Court on Monday gave a boost to Domino's Pizza Inc's (DPZ.N) bid to force delivery drivers to bring a wage lawsuit in private arbitration rather than in court in a case from California that could have major implications for gig economy companies. Business groups have called arbitration a quicker and more efficient alternative to suing in court. Three delivery drivers sued Domino's in California state court in Santa Ana in 2020, accusing the company of violating various wage laws, and the case was subsequently transferred to federal court. Domino's made a motion to send the claims to arbitration, citing agreements that the drivers had signed barring them from suing in court. Domino's then appealed to the Supreme Court.

☆ Factbox: U.S. companies brace for Hurricane Ian
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +5 min

Sept 28 (Reuters) - Hurricane Ian is set to make landfall in Florida on Wednesday, pushing residents to empty grocery shelves, board up windows and rush to evacuation shelters. Since then, it has been working to redeploy offshore personnel after determining Hurricane Ian no longer posed a significant threat to its assets. NextEra Energy Inc's (NEE.N) Florida Power & Light Co, the largest utility in the state, deployed nearly 16,000 workers from 27 states to restore power. A spokesperson said the company was monitoring the hurricane and making adjustments to operations to keep warehouse staff and drivers safe. CRUISE OPERATORSWalt Disney Co's Disney Cruise Line on Tuesday canceled its Disney Wish ship that was to set sail from Florida on Friday.

☆ Factbox: U.S. companies gird themselves as Hurricane Ian makes landfall
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +6 min

Sept 28 (Reuters) - Hurricane Ian makes landfall in Florida with Category 4 fury on Wednesday, pushing residents to empty grocery shelves, board up windows and rush to evacuation shelters. Since then, it has been working to redeploy offshore personnel after determining Hurricane Ian no longer posed a significant threat to its assets. A spokesperson said the company was monitoring the hurricane and making adjustments to operations to keep warehouse staff and drivers safe. Costco Wholesale Corp closed nine stores located in Florida due to an impact of Hurricane Ian. CRUISE OPERATORSWalt Disney Co's Disney Cruise Line on Tuesday canceled its Disney Wish ship that was to set sail from Florida on Friday.

☆ Airlines scrap over 1,200 U.S. flights as Hurricane Ian set to make landfall
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +2 min

Sept 27 (Reuters) - Airlines canceled over a thousand U.S. flights on Tuesday and Wednesday and several Florida airports are halting operations as they braced for impact from Hurricane Ian, which was set to make landfall in the state. Airlines had scrapped 321 flights on Tuesday and 1,148 on Wednesday across the U.S., according to flight-tracking website Flightaware.com. ET Tuesday, while Tampa Airport will halt operations at 5 p.m. and Orlando International Airport will cease operations at 10:30 a.m. Wednesday. The Federal Aviation Administration said it was "closely monitoring" Hurricane Ian and its path. American Airlines Group Inc (AAL.O) said it has issued a travel alert for 20 airports in the western Caribbean and Florida.

☆ The best ways to use the sign-up bonus on the Ink Business credit cards
▼ + stars: | 2021-06-28 | by ( Jennifer Yellin | ) edition.cnn.com time to read: +25 min

While the Chase Sapphire Preferred, Chase Sapphire Reserve and Ink Business Preferred allow you to transfer points to partner loyalty programs, that same redemption options doesn’t hold true for your no-annual-fee cards, such as the Ink Business Cash and Ink Business Unlimited. If you earn 90,000 bonus points from the Ink Business Cash or Ink Business Unlimited, you can use those points to stay at one of these all-inclusive properties for up to seven nights. While points earned from the Ink Business Cash or Ink Business Unlimited don’t count toward earning the Companion Pass, having the points can still be beneficial. When redeeming your Ultimate Rewards points directly through your Ink Business Cash or Ink Business Unlimited, points are worth 1 cent each. This makes the 90,000 bonus points on the Ink Business Cash and Ink Business Unlimited worth $1,125 to $1,350 towards your next vacation — when paired with a premium card.

☆ Congressional stock report: Diet Coke-loving Debbie Dingell buys the competition, environmentalist Lois Frankel eyes oil, and Dan Crenshaw gets his move on
▼ + stars: | 2021-03-29 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +6 min

Members of Congress regularly make stock trades and are required to disclose them. Here's Insider's compilation of the most recent stock trades lawmakers disclosed. Her stock sales include the American Express Company, Booz Allen Hamilton Holding Corporation, consumer credit reporting agency Equifax Inc., and oil company Hess Corporation. Dingell this month also sold up to $50,000 worth of stock in the parent company of department store Macy's. These disclosures, which include a range of information about members' income, assets, debt, and financial trades, were originally due May 17.

Search resuls for: "Southwest Airlines Co"

11 mentions found