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If the deal is approved by Delta pilots, it is widely expected to act as a benchmark for contract negotiations at rivals United Airlines (UAL.O) and American Airlines (AAL.O). The Atlanta-based carrier's pilots have been working without a new contract for nearly three years after their old contract became amendable in December 2019, fueling frustration. In the draft agreement, Delta promises that pay rates of its pilots will exceed those at United and American by at least 1%. In a year of protests for the industry, pilots at all major U.S. carriers have been demanding higher wages and a better work-life balance. In its memo, Delta's pilot union said more than 25% of the value of the contract agreement is dedicated to quality-of-life related items.

[1/2] Delta Air Lines pilots, represented by the Air Line Pilots Association, protest outside Terminal 4 at JFK International airport in New York City, U.S., June 30, 2022. REUTERS/Shannon StapletonCHICAGO, Dec 2 (Reuters) - Delta Air Lines (DAL.N) has offered a 34% pay increase to its pilots over three years in a new contract, according to a draft agreement seen by Reuters. The pilots will get a raise of at least 18% raise on the date the contract is signed, another 5% after one year, 4% after two years and 4% after three years, it says. Delta pilots have been working without a new contract for nearly three years after their old contract became amendable in December 2019, fueling frustration. They voted overwhelmingly in October voted to authorize a strike if negotiators could not reach an agreement on the new contract.

☆ Amid homeless crisis, New York to step up forced hospitalization of mentally ill
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +2 min

[1/2] A man sleeps on a cardboard box along 34th street near Pennsylvania Station in New York City, U.S., April 26, 2022. REUTERS/Shannon Stapleton/File PhotoNov 29 (Reuters) - New York City Mayor Eric Adams rolled out a plan on Tuesday to allow more homeless and mentally ill people to be hospitalized against their will in order to tackle "a crisis we see all around us." The Democratic mayor has made addressing the city's homelessness crisis a priority for his administration since taking office earlier this year. New York law allows for involuntary hospitalization when a person's mental illness prevents them from providing for their own basic needs, as well as when they present a danger to themselves or others. He said there would be a telephone line for police officers to get in touch directly with clinicians for consultation while dealing with cases of mental illness.

☆ The rise and decline of Black Friday: Here's how it became a $9 billion extravaganza where shoppers fought over discount TVs — and why it's now dying out.
▼ + stars: | 2022-11-25 | by ( Avery Hartmans | ) www.businessinsider.com time to read: 1 min

"Consumers have been shopping strategically this season: Buying early and taking advantage of deals retailers have been promoting since late October," Adobe Digital Insights Director Taylor Schreiner said in 2021. "Black Friday still remains a major online shopping day, but the surge in online shopping is coming from the less marketed days of the season." An empty shopping cart stands outside a Target store during a Black Friday sales event in Westbury, New York. Shannon Stapleton/ReutersSource: InsiderKatie Canales contributed to an earlier version of this article.

☆ FAA OKs new $4.2 billion terminal at New York's JFK airport
▼ + stars: | 2022-11-17 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/Shannon StapletonWASHINGTON, Nov 17 (Reuters) - The Federal Aviation Administration (FAA) granted final environmental approval for construction of a new $4.2 billion terminal at New York City's John F. Kennedy International Airport, the state said on Thursday. New York state Governor Kathy Hochul said construction will begin early next year on a 1.2 million-square foot (111,480-square-meter), 10-gate terminal at JFK. A $1 trillion infrastructure law signed by President Joe Biden in 2021 includes $15 billion for airport project grants. The FAA is expected to soon issue a similar environmental approval to a massive $8.5 billion project at Chicago's O'Hare International Airport that includes a new Terminal 2. Delta's glittering 1.3 million-square foot, $4 billion Terminal C began flights this summer.

☆ Inside BlackRock's long journey toward crypto adoption
▼ + stars: | 2022-11-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

BlackRock's crypto quest. The culmination, and perhaps biggest step, in BlackRock's crypto journey came this summer, when it announced a partnership with Coinbase. Insider's Rebecca Ungarino and Morgan Chittum mapped out Blackrock's long journey toward crypto acceptance, which essentially dates back to an initial memo in 2015. Which is why mapping out BlackRock's journey is so interesting, Rebecca told me. Industry insiders detail a difficult week for the tech industry that saw thousands lose their jobs.

☆ Volkswagen to work with Mobileye on automated driving after Argo exit - sources
▼ + stars: | 2022-10-27 | by ( Jan Schwartz | ) www.reuters.com time to read: +2 min

REUTERS/Shannon StapletonBERLIN, Oct 27 (Reuters) - Volkswagen (VOWG_p.DE) plans to expand its cooperation with Intel's Mobileye (MBLY.O) to include its automated driving program after Wednesday's decision to no longer invest in self-driving startup Argo AI, two sources familiar with the plan told Reuters on Thursday. Mobileye, which develops autonomous driving technologies, already cooperates with VW's software unit Cariad. Volkswagen's and Ford Motor's F.N exit from Argo came after three years of joint efforts on the development of automated driving systems and investments of more than $3 billion, highlighting the cost pressure automakers face in that field. Israel-based Mobileye went public this week, being valued at more than $20 billion. Chief Communications Officer Dan Galves said earlier this week that based on its design wins with automakers, the company's assisted driving systems would be deployed in 270 million cars by 2030.

☆ Intel's Mobileye unit valued at $22 bln as shares cruise higher
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +3 min

The debut comes after a turbulent period when Mobileye settled for merely a third of the $50 billion valuation it was targeting earlier in its IPO. But there was a lot of value in gaining that public company platform now,” said Dan Galves, chief communications officer at Mobileye. Galves added it is important for Mobileye to generate product visibility now as that filters back to customers. Before being acquired by chipmaker Intel in a $15.3 billion deal in 2017, Mobileye had been listed on the New York Stock Exchange since 2014. Mobileye develops autonomous driving technologies and competes with Alphabet Inc's (GOOGL.O) Waymo, General Motors Co's (GM.N) Cruise and other automakers who have moved to design in-house driving assistance technology.

☆ Intel's Mobileye unit set for strong market debut
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Shannon StapletonOct 26 (Reuters) - Shares of Mobileye Global Inc (MBLY.O) were set to open 20% higher on Wednesday, potentially valuing the self-driving technology unit of Intel Corp (INTC.O) at nearly $20 billion after the IPO was priced above the anticipated range. At 10:31 a.m. Eastern Time, the shares were indicated to open at $25.05, up from the initial public offering price of $21 per share. Mobileye's strong reception may buck the trend of recent market debuts where investors have given the cold shoulder to newly-listed companies. On Tuesday, Mobileye was valued at $16.7 billion after selling shares above the marketed range of $18 to $20, to raise $861 million. Reporting by Niket Nishant in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ Intel's Mobileye unit valued at $21 bln as shares cruise higher in debut
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Shannon StapletonOct 26 (Reuters) - Shares of Mobileye Global Inc (MBLY.O) opened 27% higher on Wednesday, valuing the self-driving technology unit of Intel Corp (INTC.O) at $21.3 billion as investors lapped up what could be the last big IPO of 2022. It also underscores Mobileye's strong financials, analysts said, which attracted investors who have turned selective amid mounting economic challenges. "Investors now place greater focus on companies' free cash flows, revenues/profitability or path-to-profitability, over just growth projections," said Paul Go, global IPO leader at EY. Before being acquired by chipmaker Intel in a $15.3 billion deal in 2017, Mobileye had been listed on the New York Stock Exchange since 2014. On Tuesday, Mobileye was valued at $16.7 billion after selling shares above the marketed range of $18 to $20, to raise $861 million.

☆ Creaking chains a reminder of slavery in New York art exhibit
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: 1 min

NEW YORK, Oct 21 (Reuters) - A new art installation that visitors can walk through on New York's Governors Island features giant chain links grinding overhead, pointing to the legacy of slavery in the United States. Artist Charles Gaines says he wanted to create a piece - which faces the Statue of Liberty and is roughly 100 feet (30.5 meters) long that reflected the sounds and history of the Mississippi River. "The Mississippi River - which is the place that you talk about the history of American commerce, but also we can talk about the history of slavery," said Gaines. Register now for FREE unlimited access to Reuters.com RegisterReporting by Shannon Stapleton and Maria Alejandra CardonaOur Standards: The Thomson Reuters Trust Principles.

FILE PHOTO: Boats make their way along the Mississippi river in New Orleans, Louisiana, U.S., August 28, 2020. REUTERS/Shannon Stapleton/Oct 20 (Reuters) - Low water levels on the Mississippi River are likely to persist this winter as drier-than-normal weather is expected across the southern United States and Gulf Coast, U.S. government forecasters said on Thursday. Crucial shipments of fertilizer, farm chemicals and road salt that move up the Mississippi River ahead of the winter have also been disrupted. "Across the lower Mississippi Valley, we are favoring continuation of below-normal precipitation," said Jon Gottschalck, chief of the Operational Prediction Branch of NOAA's Climate Prediction Center. "That would certainly, if the prediction is realized, lead to continued low water levels and exacerbate drought conditions there."

☆ Tesla flags its cars not ready to be approved as fully self-driving this year
▼ + stars: | 2022-10-20 | by ( Hyunjoo Jin | Akash Sriram | ) www.reuters.com time to read: +3 min

REUTERS/Shannon Stapleton/File PhotoThe Silicon Valley automaker sells a $15,000 software add-on called “Full Self-Driving” (FSD) which enables its vehicles to change lanes and park autonomously. That complements its standard “Autopilot” feature which enables cars to steer, accelerate and brake within their lanes without driver intervention. A completely autonomous vehicle would require regulatory approval. “It’s a separate matter as to will it have regulatory approval. It won’t have regulatory approval at that time,” he added.

☆ Tesla cars will not be approved as fully self driving this year, Musk says
▼ + stars: | 2022-10-20 | by ( Hyunjoo Jin | Akash Sriram | ) www.reuters.com time to read: +3 min

REUTERS/Shannon Stapleton/File PhotoThe Silicon Valley automaker sells a $15,000 software add-on called “Full Self-Driving” (FSD) which enables its vehicles to change lanes and park autonomously. A highly autonomous vehicle would require regulatory approval in California, for example. “It’s a separate matter as to will it have regulatory approval. It won’t have regulatory approval at that time,” he added. The California Department of Motor Vehicles (DMV) on Thursday said it “has an ongoing review of the intended design and technological capabilities of Tesla vehicles,” without elaborating further.

☆ Beyond Meat cuts revenue view, jobs as inflation hits plant protein demand
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +2 min

Oct 14 (Reuters) - Beyond Meat on Friday cut its annual revenue forecast for the second time due to slowing demand for faux meat as consumers look for cheaper options to beat rising prices and announced jobs cuts as well as executive departures. The plant-based meat producer plans to cut 200 jobs this year and said its finance chief Philip Hardin, who has been in the role for just over a year, will leave at the end of the month. FILE PHOTO - A Beyond Meat Burger is seen on display at a store in Port Washington, New York, U.S., June 3, 2019. "We are significantly reducing expenses and sharpening our focus on a set of key growth priorities," Chief Executive Officer Ethan Brown said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Aishwarya Venugopal and Mehr Bedi in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

☆ Morgan Stanley's decline on Q3 results is too severe and may lead to a buying opportunity
▼ + stars: | 2022-10-14 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Club holding Morgan Stanley (MS) reported weaker-than-expected results for its third-quarter before the opening bell Thursday. Segment results Institutional Securities net revenue of $5.82 billion for Q3 missed expectations of nearly $6 billion. Wealth Management net revenue of $6.12 billion for Q3 came up a bit short versus expectations of $6.15 billion. Investment Management net revenue of $1.17 billion for Q3 missed the $1.34 billion consensus. The logo of Morgan Stanley is seen in New York Shannon Stapleton | Reuters

☆ 'If you can make it here...' - runners race up Empire State building
▼ + stars: | 2022-10-07 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, Oct 7 (Reuters) - While some New Yorkers are taking pains to avoid returning to the office, others are racing to the top of the Empire State Building. The iconic New York landmark played host Thursday evening to the 44th annual Empire State Building Run-Up. Register now for FREE unlimited access to Reuters.com Register1/3 Runners compete in the 44th Annual Empire State Building Run-Up the 86 floors to the 86th floor observatory of the Empire State Building in New York City, U.S., October 6, 2022. REUTERS/Shannon Stapleton Read MoreThe men saw a repeat champion in Malaysian tower runner, Soh Wai Ching, while Cindy Harris of Indianapolis was a repeat winner for the women's race. "This really means a lot to me," Soh Wai Ching said.

Sept 27 (Reuters) - Airlines canceled over 2,000 U.S. flights on Tuesday and Wednesday and some Florida airports halted operations as they braced for impact from Hurricane Ian, which was set to make landfall in the state. Airlines had scrapped 367 flights on Tuesday and 1,748 on Wednesday across the United States, according to flight-tracking website Flightaware.com. REUTERS/Shannon Stapleton/File PhotoloadingEven Florida airports not closing were experiencing major impacts. Airlines canceled about 40% of flights at Miami International Airport on Wednesday. The Federal Aviation Administration said it was "closely monitoring" Hurricane Ian and its path.

☆ U.S. Congress' Jan. 6 hearing postponed due to hurricane
▼ + stars: | 2022-09-27 | by ( Patricia Zengerle | ) www.reuters.com time to read: +2 min

REUTERS/Shannon Stapleton/File PhotoWASHINGTON, Sept 27 (Reuters) - Leaders of the U.S. congressional committee investigating the Jan. 6, 2021, attack on the Capitol said the panel had postponed a hearing scheduled for Wednesday, citing the threat to the state of Florida by a major hurricane. In a statement on Tuesday, the Democratic chairperson, Bennie Thompson, and Republican vice chairperson, Liz Cheney, did not announce a new date for the House of Representatives Select Committee's hearing. "In light of Hurricane Ian bearing down on parts of Florida, we have decided to postpone tomorrow’s proceedings. The Select Committee’s investigation goes forward and we will soon announce a date for the postponed proceedings," Thompson and Cheney said in a statement. read moreThompson had said he expected the hearing would be the last from the Democratic-led panel.

☆ Millions in Florida urged to evacuate as Hurricane Ian nears
▼ + stars: | 2022-09-27 | by ( Brad Brooks | ) www.reuters.com time to read: +6 min

A man runs by a boarded up storefront, as Hurricane Ian spins toward the state carrying high winds, torrential rains and a powerful storm surge, in the downtown area of Tampa, Florida, U.S., September 27, 2022. The latest 8 p.m. EDT (2100 GMT) hurricane advisory put Ian's top winds at 120 mph (195 km per hour). Ian was most likely to come ashore south of Tampa near Sarasota, the National Hurricane Center (NHC) said. Parts of central Florida could see as much of 2 feet (0.6 meter) of rain from Ian, according to the National Weather Service. If Ian strikes Tampa, it would be the first hurricane to make landfall in the area since the Tarpon Springs storm in 1921.

☆ Morning Bid: Eye of the storm
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +5 min

REUTERS/Shannon Stapleton TPX IMAGES OF THE DAYA look at the day ahead in U.S. and global markets from Mike Dolan. As Hurricane Ian raged and set its sights on Cuba and Florida, a global financial storm in bond and currency markets calmed moderately - though likely only temporarily. read moreRegister now for FREE unlimited access to Reuters.com RegisterFor all its potential destruction, Ian doesn't yet appear on the world markets radar. UK debt auctions this week will be watched very closely. But this may be the eye of the storm.

☆ Hurricane Ian makes landfall over western Cuba, with Florida in its sights
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +1 min

Local residents fill sandbags, as Hurricane Ian spun toward the state carrying high winds, torrential rains and a powerful storm surge, at Ben T. Davis Beach in Tampa, Florida, U.S., September 26, 2022. REUTERS/Shannon Stapleton TPX IMAGES OF THE DAYRegister now for FREE unlimited access to Reuters.com RegisterSept 27 (Reuters) - Hurricane Ian made landfall over western Cuba on Tuesday and was headed for the west coast of Florida, the U.S. National Hurricane Center (NHC) said. Ian is expected to strengthen on Tuesday after emerging over the southeastern Gulf of Mexico, reaching Category 4 strength before it approaches the Florida west coast, the NHC said. A life-threatening storm surge, hurricane-force winds, flash floods and possible mudslides are expected in portions of western Cuba on Tuesday, the NHC added. Register now for FREE unlimited access to Reuters.com RegisterReporting by Brijesh Patel and Deep Vakil in Bengaluru; Editing by Nick MacfieOur Standards: The Thomson Reuters Trust Principles.

Local residents fill sandbags, as Hurricane Ian spun toward the state carrying high winds, torrential rains and a powerful storm surge, at Ben T. Davis Beach in Tampa, Florida, U.S., September 26, 2022. Before heading to Florida, Hurricane Ian slammed into Cuba, forcing evacuations, cutting power to hundreds of thousands of people and swamping fishing villages. A Category 3 storm features maximum sustained winds of up to 129 miles per hour (208 km per hour). "I wasn't particularly scared until I saw the storm track this morning," Martino, 78, said as she prepared to go to her son's house north of Tampa. If Ian strikes Tampa, it would be the first hurricane to make landfall in the area since the Tarpon Springs storm in 1921.

The storm, currently a Category 1 hurricane, is expected to make landfall in Cuba on Monday evening. Lugo was one of many Florida residents preparing for flooding from torrential rains could submerge streets and homes. In a grocery store in St. Petersburg, across the state on the Gulf Coast, only empty cardboard boxes remained where the store normally stocks distilled water. "This is a really big storm," Florida Governor Ron DeSantis said during a morning news conference, noting that the storm could potentially envelope both coasts of the state. From there, Ian could either make landfall north of Tampa Bay early on Friday or turn northwest toward Florida's Panhandle.

☆ Injured Raducanu retires in Korea, Ostapenko faces Alexandrova for title
▼ + stars: | 2022-09-24 | by ( ) www.reuters.com time to read: +1 min

Raducanu's 2022 season has been blighted by different kinds of injuries, ranging from blisters to side strains and hip and back problem, and she was playing in her first semi-final since winning the U.S. Open last year. The trouble started for 19-year-old Raducanu midway through the second set in her first meeting against Latvia's world number 19 Ostapenko when she took an off-court medical timeout to get treatment for a left glute injury. Ostapenko won the Korea Open title in 2017 - the same year she lifted her maiden Grand Slam trophy at Roland Garros - and will meet world number 24 Alexandrova next in Seoul. Second seed Alexandrova advanced to her second final of the season by defeating Germany's Wimbledon semi-finalist Tatjana Maria 6-2 6-4 earlier on Saturday. Register now for FREE unlimited access to Reuters.com RegisterReporting by Sudipto Ganguly in Mumbai; editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

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