Reuters: Transportation News

US airlines' revenue trends improve in October

Fri, 06 Nov 2009 21:29:58 GMT

NEW YORK, Nov 6 (Reuters) - Traffic for the top three U.S. airlines slumped in October, but load factors for most of the nine largest carriers rose and the decline in unit revenue showed signs of slowing down.

UPDATE 2-AES to raise $2.15 bln from stake sales to China's CIC

Fri, 06 Nov 2009 18:01:27 GMT

* To sell stake in wind generation business for $571 mln * China Investment Corp unit to buy stakes

UPDATE 3-Air Canada posts net profit, sees recovery signs

Fri, 06 Nov 2009 17:41:33 GMT

* Net profit C$2.44/shr vs year-earlier loss of C$1.32/shr

UPDATE 2-GE shares climb 6 pct on analyst upgrades

Fri, 06 Nov 2009 16:44:36 GMT

* Bernstein sees major divestitures over next 2-3 years

UPDATE 2-SNC Lavalin profit rises 13 pct, but revenue sags

Fri, 06 Nov 2009 15:44:58 GMT

* Reaffirms 2009 profit growth forecast of 7 pct to 12 pct

UPDATE 1-General Steel Q3 results beat estimates, shares jump

Fri, 06 Nov 2009 15:23:54 GMT

Nov 6 (Reuters) - General Steel Holdings Inc , posted third-quarter earnings that beat estimates, helped by higher shipment volumes and gross margins, sending its shares up as much as 17 percent in morning trade.

UPDATE 3-Gafisa profit, revenue more than double, shrs jump

Fri, 06 Nov 2009 14:55:03 GMT

* Company sees strong 2010 growth in developments (Recasts to add share prices)

UPDATE 4-BA hints worst over for business travel, shares up

Fri, 06 Nov 2009 14:51:14 GMT

LONDON, Nov 6 (Reuters) - British Airways signalled business is stabilising, eclipsing news of a worse than expected first half loss and a prediction that revenue would slump by 1 billion pounds ($1.7 billion) this year.

UPDATE 1-CF rejects Agrium's sweetened proposal

Fri, 06 Nov 2009 13:26:04 GMT

TORONTO, Nov 6 (Reuters) - U.S. fertilizer maker CF Industries said on Friday its board rejected rival Agrium Inc's sweetened bid worth about $4.5 billion, arguing the proposal substantially undervalues the company.

UPDATE 1-Canada's Aecon gets C$125 mln refinery contract

Fri, 06 Nov 2009 12:21:27 GMT

Nov 6 (Reuters) - Canada's biggest publicly traded construction company Aecon Group Inc said one of its units received two contracts worth C$125 million ($117.5 million) from Consumers' Co-operative Refineries Ltd to modify existing process units at their Regina refinery.

UPDATE 3-Rentokil turnaround on track but shares fall

Fri, 06 Nov 2009 12:11:15 GMT

* Revenue 623 mln stg, down 3.2 pct at constant currencies

BRIEF-Air Canada reports Q3 results

Fri, 06 Nov 2009 11:29:09 GMT

Nov 6 (Reuters) - Air Canada : * reports 2009 third quarter results * Q3 SHR C$2.44 * Q3 adjusted shr loss c$0.19 * says operating results continued to be adversely impacted by ongoing weak economic conditions * says passenger revenues decreased $366 million or 13 percent to $2.4 billion * says traffic dropped 2.1 per cent on a 3.3 per cent cut in capacity * says system Revenue Per Available Seat Mile (RASM) decreased 10.2 per cent * says do not expect to see a full rec

WRAPUP 4-China blasts U.S. duties ahead of Obama visit

Fri, 06 Nov 2009 09:48:39 GMT

(For more coverage of Obama's trip to Asia see [nOBAMAASIA])

UPDATE 1- Dassault denies Rafale price cut in Brazil

Fri, 06 Nov 2009 09:44:53 GMT

* French paper says Dassault cutting Rafale price for Brazil

ANALYSIS-Japan Airlines survival hinges on pension cuts

Fri, 06 Nov 2009 08:20:48 GMT

* Pension shortfall estimated at $3.6 bln threatens JAL

UPDATE 1-Galliford Try says housebuilding sales strengthen

Fri, 06 Nov 2009 07:38:19 GMT

LONDON, Nov 6 (Reuters) - Housebuilder and construction company Galliford Try reported improved sales and income levels in its housebuilding operations on Friday, but is more cautious in its outlook for construction.

CORRECTED - Lafarge Q3 revenue down 20 pct to 4.252 bln euros

Fri, 06 Nov 2009 07:28:14 GMT

(Corrects figure for Reuters poll Q3 op. income average consensus forecast to 856.17 million euros)

UPDATE 1-Andritz's Q3 net profit down but beats estimates

Fri, 06 Nov 2009 07:23:46 GMT

VIENNA, Nov 6 (Reuters) - Weak demand from the pulp and paper industry dragged on third-quarter profits at Austria's Andritz , though not as much as expected,and the machinery maker said it still expects lower full-year earnings.

Dassault cut Rafale price by 40 pct in Brazil-paper

Fri, 06 Nov 2009 07:21:33 GMT

PARIS, Nov 6 (Reuters) - French aircraft manufacturer Dassault Aviation has cut the price of its Rafale fighter jet by 40 percent to boost the chances of selling 36 to the Brazilian army, French paper Liberation said on Friday.

INTERVIEW-Thai Airways sees net profit in 2010, unsure of 2009

Fri, 06 Nov 2009 02:52:15 GMT

BANGKOK, Nov 6 (Reuters) - Thai Airways International expects to make a net profit in 2010 thanks to economic recovery and restructured management, but fare price cuts mean it is not certain to make a profit this year, its new president said.

UPDATE 3-U.S. sets more duties on China pipe in record case

Thu, 05 Nov 2009 23:35:03 GMT

* U.S. imports of good tripled in 2008 to $2.63 billion

UPDATE 2-Airbus flies new freighter it hopes to build in US

Thu, 05 Nov 2009 20:07:47 GMT

* Sees long-term cargo market growth of 5.2 percent a year (Adds shares, background)

UPDATE 3-Regional US carrier SkyWest profit edges higher

Thu, 05 Nov 2009 19:53:09 GMT

* SkyWest shares jump 5 pct on Nasdaq (Recasts with stock activity, analyst comment)

UPDATE 4-Agrium raises bid for CF, but shares sell off

Thu, 05 Nov 2009 19:28:28 GMT

* Agrium says this is its final offer (Adds CEO comments; All figures in U.S. dollars, unless noted)

UPDATE 2-Pirelli ups FY targets on strong tyre ops

Thu, 05 Nov 2009 18:27:45 GMT

MILAN, Nov 5 (Reuters) - Italian conglomerate Pirelli & C SpA raised 2009 operating targets on Thursday on the back of strong tyre operations, after posting a third-quarter net profit at the top end of expectations.