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Air New Zealand announced Monday that it has ordered eight new Boeing Dreamliner planes with a list price of $2.7 billion. It said the new planes will replace its fleet of eight Boeing 777-200s, and it will take delivery of the new planes over a period of five years beginning in 2022. Air New Zealand said it will use engines made by Boston-based GE for the new planes after using British Rolls-Royce engines for previous purchases of Boeing 787-9 Dreamliners.
Air New Zealand said Monday it had ordered eight Boeing 787-10 Dreamliner aircraft in what it described as a "multi-billion dollar investment". Air New Zealand said it had secured a "significant discount" on the $US2.7 billion list price of the eight new aircraft but would not be publicly releasing how much it was paying. Chief executive Christopher Luxon said the 787-10 was "perfect" for the airline's Pacific Rim focus.
NORMAN, Okla. (AP) — One of the drugmakers named in Oklahoma's lawsuit over the opioid crisis has agreed to a settlement in which it will pay the state $85 million.
BOSTON/JERUSALEM, May 26 (Reuters) - Teva Pharmaceutical Industries Ltd said on Sunday it had agreed to pay an $85 million settlement with the state of Oklahoma days before the company was set to face trial over allegations that it and other drugmakers helped fuel the U.S. opioid epidemic. Teva, the world's largest generic drugmaker, said the settlement "does not establish any wrongdoing on the part of the company" and denied contributing to opioid abuse in Oklahoma. Claims against Teva focused on the branded opioid products Actiq and Fentora as well as generic painkillers it produced.
Teva Pharmaceuticals will pay $85m to Oklahoma to settle claims that it played a part in fuelling the state’s opioid crisis. Teva and the state government finalised the deal ahead of a trial, which was scheduled to begin on Tuesday. The proceedings will continue against defendant Johnson & Johnson, the world’s largest drugmaker, which has not settled with the state.
Since Blackstone’s 2007 initial public offering, US alternative fund managers have scrambled to join the stock market, with the idea of giving their founders a way out — a notoriously challenging process in private partnerships. As at accountancy and law firms, partners at investment firms are only offered the option to sell when they leave the organisation. Fellow partners are the main escape route — they buy the shares, preventing retiring partners from participating in any future upside.
Wabtec (WAB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Disney's Animal Kingdom has seen its guest count soar 27% over the past two years, but the same catalyst for its revival could also be what causes its slide in popularity in the next two years.
Together with PayPal, Visa and Mastercard look virtually unassailable in the digital-payments market. The stocks, while pricey by traditional price/earnings metrics, show no signs of slowing down.
A doctor and a surgical funding consultant were arrested on Friday on charges that they defrauded women into having unnecessary surgeries to remove transvaginal mesh implants in order to profit from settlements paid to the women by mesh manufacturers, U.S. prosecutors in New York said. Urogynecologist Christopher Walker, 49, of Florida, and Wesley Barber, 49, of Michigan, were both charged with wire fraud and conspiracy in an indictment unsealed in federal court in Brooklyn. Barber, who is the owner of Surgical Assistance Inc and Medical Funding Consultants LLC, was arrested in Texas and Walker in Florida, authorities said.
United Airlines is canceling another month's worth of flights with Boeing 737 Max planes that were grounded after two deadly accidents. United said Friday it has removed the Max from its schedule through Aug. 3 and will cancel about 2,400 flights in June and July as a result. Boeing is making changes to flight-control software that investigators believe played a role in crashes in Indonesia and Ethiopia that together killed 346 people.
Uber (UBER) is releasing its first Q1 earnings after market close on Thursday, May 30th. Both Uber and Lyft went public at a massive bottom-line deficit, with no profits in sight.
Wall Street Expects NIO to Outperform TSLA, TCEHY, BIDU, and BABA(Continued from Prior Part)Analysts’ ratings on NIOAccording to the latest consensus data compiled by Thomson Reuters, six out of a total of 12 analysts covering NIO (NIO)
HARRISBURG, Pa. (AP) — Pennsylvania's treasury department is accusing about a dozen large financial firms of working together to illegally inflate the price of bonds issued by Fannie Mae and Freddie Mac over seven years.
U.S. President Donald Trump, declaring a national emergency because of tensions with Iran, swept aside objections from Congress on Friday to complete the sale of over $8 billion worth of weapons to Saudi Arabia, the United Arab Emirates and Jordan. The Trump administration informed congressional committees that it will go ahead with 22 military sales to the Saudis, United Arab Emirates and Jordan, infuriating lawmakers by circumventing a long-standing precedent for congressional review of major weapons sales.
The stock market is in the midst of the longest bull run on record. The median company in the survey received a 94% approval rate on its "Say on Pay" vote, where shareholders give a thumbs up or thumbs down on executive compensation.
United Airlines said on Friday it is extending by one month its cancellations of Boeing Co 737 MAX flights, now through Aug. 3, leading to about 40 or 45 daily canceled flights. It did not give a reason for the extension, but the August target date brings the airline more in line with rivals Southwest Airlines Co and American Airlines Group Inc , which have canceled 737 MAX flights through Aug. 5 and Aug. 19, respectively. Boeing's top-selling 737 MAX aircraft has been grounded since March in the wake of two deadly crashes that killed a combined 346 people.