Business

Boeing sees profit for commercial airplane division in 2027, later than expected

Tuesday, March 17 by SRN News

By Dan Catchpole and Nathan Gomes March 17 (Reuters) - Boeing expects its commercial airplane division to turn a profit in 2027, not this year as previously expected due to higher-than-expected costs of its purchase of parts supplier Spirit AeroSystems, its chief financial officer said... Read More.

Honeywell, Howmet juggle rising defense demand and commercial aerospace boom

Tuesday, March 17 by SRN News

March 17 (Reuters) - Executives from Honeywell Aerospace and Howmet Aerospace said on Tuesday they could grow capacity to meet strong commercial demand for plane parts and munitions as the defense sector ramps up due to geopolitical strife. U.S. aerospace suppliers are benefiting from strong... Read More.

Hungary and Slovakia strike a new fuel pipeline deal to steady regional supplies

Tuesday, March 17 by SRN News

BUDAPEST, Hungary (AP) - Hungary and Slovakia have agreed to build a pipeline that will transport oil products like gasoline and diesel in what Slovakia's Energy Ministry on Tuesday called a step toward improving the stability of fuel supplies in the region. The pipeline,... Read More.

Mastercard, Visa can appeal UK ruling that merchant fees breach antitrust law

Tuesday, March 17 by SRN News

LONDON, March 16 (Reuters) - Visa and Mastercard can challenge a judgment that found their default multilateral interchange fees charged to retailers infringe competition law, London's Court of Appeal ruled on Tuesday, in a long-running legal battle over the charges. The Competition Appeal Tribunal ruled... Read More.

Wall St opens higher as investors weigh energy costs before Fed call

Tuesday, March 17 by SRN News

March 17 (Reuters) - Wall Street's main indexes opened higher on Tuesday with financial stocks in the lead, while investors weighed the impact of the Middle East conflict on energy costs, putting inflation risks back in focus ahead of the Federal Reserve's two-day meeting. The... Read More.

US weighs near $1 billion wind farm settlement for TotalEnergies, NYT reports

Tuesday, March 17 by SRN News

March 17 - U.S. officials are drafting agreements to pay nearly $1 billion to oil major TotalEnergies as compensation for the cancellation of leases for wind farms in federal waters off New York State and North Carolina, the New York Times reported on Tuesday. Under... Read More.

EU offers to pay Ukraine to fix an oil pipeline that’s been a focal point of Ukraine-Hungary feud

Tuesday, March 17 by SRN News

BRUSSELS (AP) - Top European Union officials said Tuesday they have offered to pay Ukraine to repair a damaged pipeline meant to carry crude oil to Hungary, in a bid to persuade the government in Budapest to lift its veto on a massive aid... Read More.

US pending home sales unexpectedly rebound in February on lower mortgage rates

Tuesday, March 17 by SRN News

WASHINGTON, March 17 (Reuters) - Contracts to purchase previously owned U.S. homes unexpectedly increased in February amid a decline in mortgage rates, but further gains are likely to be limited by the war in the Middle East that is raising oil prices and fanning... Read More.

Exclusive-Jana Partners pushes Six Flags to explore sale, replace board chair, letter says

Tuesday, March 17 by SRN News

By Svea Herbst-Bayliss NEW YORK, March 17 (Reuters) - Activist investor Jana Partners wants theme park operator Six Flags Entertainment to explore a sale and immediately appoint a new head of its board of directors, according to a letter reviewed by Reuters. The call for change... Read More.

Exclusive-Macquarie walks away from Kuwait oil pipelines deal amid Iran war, sources say

Tuesday, March 17 by SRN News

By Hadeel Al Sayegh, Federico Maccioni and Andres Gonzalez March 17 (Reuters) - Macquarie has withdrawn from bidding for a stake in Kuwait's oil pipeline network worth up to $7 billion, two sources familiar with the matter said, becoming one of the first known investors... Read More.

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Current Weather

Boeing sees profit for commercial airplane division in 2027, later than expected

Honeywell, Howmet juggle rising defense demand and commercial aerospace boom

Hungary and Slovakia strike a new fuel pipeline deal to steady regional supplies

Mastercard, Visa can appeal UK ruling that merchant fees breach antitrust law

Wall St opens higher as investors weigh energy costs before Fed call

US weighs near $1 billion wind farm settlement for TotalEnergies, NYT reports

EU offers to pay Ukraine to fix an oil pipeline that’s been a focal point of Ukraine-Hungary feud

US pending home sales unexpectedly rebound in February on lower mortgage rates

Exclusive-Jana Partners pushes Six Flags to explore sale, replace board chair, letter says

Exclusive-Macquarie walks away from Kuwait oil pipelines deal amid Iran war, sources say

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