Sanjana Shivdas

Delta foresees business travel 'renaissance' as airlines tally leisure rebound

Jun 03 2021

(Reuters) -Delta Air Lines Chief Executive Ed Bastian predicted on Thursday a boom in business travel in September as corporate America emerges from the coronavirus pandemic and businesses reopen, with leisure travel already fully restored.

Blackstone, Starwood Capital raise offer for Extended Stay to $20.50 per share

Jun 01 2021

Extended Stay America said on Tuesday Blackstone Group and Starwood Capital Group raised their buyout bid for the hotel operator by $1 per share, after a proxy adviser recommended shareholders vote against the $6 billion takeover offer.

U.S. FAA confirms Boeing halt to 787 Dreamliner deliveries

May 28 2021

WASHINGTON The Federal Aviation Administration said Friday that Boeing had temporarily halted deliveries of 787 Dreamliners as the agency waits for more data to determine if the planemaker's planned inspection method meets federal requirements.

U.S. DOJ says Canadian National bid for Kansas City Southern poses greater risk to competition

May 14 2021

The U.S. Department of Justice said on Friday that Canadian National Railway Co's bid for U.S. railway operator Kansas City Southern appears to pose greater risks to competition than a rival agreement with Canadian Pacific Railway.

Airbnb bookings jump 52% as vaccinations spur vacation rental demand

May 13 2021

Airbnb Inc beat Wall Street expectations for first-quarter gross bookings and revenue on Thursday, as speedy COVID-19 vaccinations and easing restrictions encouraged more people to check into its vacation rentals.

Boeing 737 MAX deliveries shrink to four planes in April due to electrical issue

May 11 2021

Boeing Co said on Tuesday 737 MAX jet deliveries fell to just four airplanes in April from 19 in the previous month, as the U.S. planemaker's best-selling aircraft struggles with an electrical problem that has re-grounded part of the fleet.

Peloton unveils treadmill safety fixes as recall hits sales forecast

May 06 2021

Peloton Interactive Inc on Thursday estimated an about $165 million hit to current-quarter revenue from a recall of its treadmills as the company laid out steps to improve the safety of the equipment.

Booking signals vaccine-led travel rebound in U.S., UK as Asia lags

May 05 2021

(Reuters) -Booking Holdings Inc welcomed a rebound in travel demand in the United States and Britain as more people planned holidays after getting vaccinated, but Asia remained on the back foot as its health crisis worsened.

Peloton reverses course, decides to recall treadmills after injuries, death

May 05 2021

Peloton announced a recall of its treadmills on Wednesday, reversing course just weeks after saying there was "no reason" to stop using the exercise machines despite reports of multiple injuries and the death of a child in an accident. | Video

Caterpillar flags supply-chain risks as global recovery boosts earnings

Apr 29 2021

CHICAGO Caterpillar Inc on Thursday reported higher quarterly earnings but warned supply-chain bottlenecks, particularly a global shortage of semiconductor chips, could affect its ability to keep up with increasing customer orders.

World News

Judge sanctioned by U.S. set to take over Iran presidency

DUBAI (Reuters) -Iranians voted on Friday in a contest set to hand the presidency to a hardline judge subject to U.S. sanctions, though many are likely to ignore the ballot amid anger over economic hardship and calls for a boycott by critics of hardline rule.