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Jeff Immelt to Retire as Chairman of GE Three Months Earlier than Planned

Jeff Immelt to Retire as Chairman of GE Three Months Earlier than Planned

General Electric Company (NYSE: GE) announced that Jeff Immelt would retire as chairman and leaving the board around three months earlier than previous planned as the transition is going smoothly and his successor needed control to make difficu..

Monarch Airlines cancels Holiday Flights

Monarch Airlines cancels Holiday Flights

Monarch Airlines cancelled hundreds of thousands of holiday flights due to the intense competition for flights and a weaker pound. 900,000 passengers were affected included more than 100,000 that were already abroad. 750,000 future bookings were can..

Boeing, Bombardier, and Brexit

Boeing, Bombardier, and Brexit

The United States and the United Kingdom have locked horns over two companies: Boeing Co (NYSE: BA), the US aerospace giant and Bombardier, the former's Canadian rival and a large company by itself. The latter was bailed out of financial difficu..

Southwest Airlines Reports $100 Million Hit from Natural Disasters

Southwest Airlines Reports $100 Million Hit from Natural Disasters

Southwest Airlines Co. (NYSE: LUV) reported that their third quarter sales will take a $100 million hit due to this year’s natural hurricanes and earthquakes resulting in 5,000 cancellation flights through Wednesday.Recently U.S. airlines hav..

Spotify is Now Worth $16 Billion in Private Trades

Spotify is Now Worth $16 Billion in Private Trades

Private trades in Spotify are now worth about $16 billion in value which is about $3 billion higher than similar trades up until June. There has been an increasing demand for the company’s shares and increasing subscription numbers as well and..

Ryanair Airlines Cancels Flights and Cuts Back Growth Plans

Ryanair Airlines Cancels Flights and Cuts Back Growth Plans

On Wednesday, Ryanair Airlines plc (NASDAQ: RYAAY) cancelled hundreds of thousands of flights and announced that they were cutting back growth plans for the first time in years in hopes to minimize the impact of a shortage of pilot staff. The compan..

U.S. Factory Orders Report Biggest Drop

U.S. Factory Orders Report Biggest Drop

U.S. orders reported their biggest drop in almost 3 years in July, at 3.3% due to a low demand for transportation equipment. Civilian aircraft orders also dropped 70.8% that month after a 129.3% gain a month before that. However, manufacturing is st..