Housing recovery intact despite drop in new home sales
WASHINGTON New U.S. single-family home sales tumbled from near a 9-1/2-year high in April, but the housing recovery likely remains intact amid a tightening labor market.
United Continental Holdings Inc said on Thursday it was confident that Boeing Co could correct the issues with the 787 Dreamliner, which was grounded earlier this month after a series of safety incidents including battery fires.
"History teaches us that all new aircraft types have issues and the 787 is no different," United Continental Chairman and Chief Executive Jeff Smisek said during the carrier's earnings conference call. "We continue to have confidence in the aircraft and in Boeing's ability to fix the issues, just as they have done on every other new aircraft model they've produced."
United, the only U.S. carrier currently operating 787 planes, has six 787s, and Smisek said it expects to take delivery of two additional ones in the second half of this year.
(Reporting by Karen Jacobs; Editing by Gerald E. McCormick)
Corporations are cheering a U.S. Supreme Court decision limiting where they can be sued for patent infringement, but some intellectual property lawyers say loopholes in the ruling likely mean lawsuits will continue to be filed in plaintiff-friendly jurisdictions.
Uber Technologies Inc [UBER.UL] said on Tuesday it underpaid its New York City drivers for the past two-and-a-half years, an error that could cost the ride-hailing company tens of millions of dollars.