We need our dues to be paid by 31 March and a clear roadmap for our company", National Aviator's Guild Vice President Asim Valiani was quoted as saying by the news agency. The lenders to Jet Airways worked through the weekend to finalise the details of a new resolution plan to rescue the failing airline. Investment banking firm Arpwood Capital is helping the lenders'.
Both are expected to go public next month. In 2018, the company had revenues of $755.9 million, up from $472.9 million in 2017. In a regulatory filing to register the IPO, the company disclosed that its revenue is growing rapidly, but added that it has never turned a profit.
Sources said lenders of Jet Airways might pick up a substantial stake in the airline, a move that would provide comfort in the interim period till new promoters come in. The low-priced carrier is looking to expand. The Jet Airways pilots' union had, on Tuesday, threatened to stop flying from April 1 if their salaries are not paid by March 31.
India's Reliance Industries, operator of the world's largest oil refining complex, on Friday said in a statement it was not breaching USA sanctions against Venezuela . "Reliance will continue its transactions in full compliance of prevailing sanctions", RIL said. India is negotiating with the U.S. for exemptions from "extended sanctions" to maintain its current level of crude oil imports from Iran, but the country is also under pressure from the USA administration to halt all crude purchase ...
Chief Executive Elon Musk has never sought pre-approval for a single tweet about Tesla Inc since striking a court-approved deal about how to communicate important information about the electric vehicle maker, the top US securities regulator told a judge on Monday.
In a statement on friday, Debenhams said the extra money would "provide liquidity headroom for Debenhams' future funding needs and deliver stability for its customers, staff, suppliers and pension holders", adding that it would "give Debenhams the ability to pursue restructuring options to secure the future of the business".
The president has been a harsh critic of the US central bank for being too aggressive on interest rate hikes. Trump said in a tweet . Moore also spoke disapprovingly of Federal Reserve Chairman Jerome Powell , noting , "I always thought he was a bad choice".
Bureau of Labor Statistics (BLS) and released by IDES. The unemployment rate for February 2019 was down from the 4.2 percent reported for January 2019. The professional and business services industry increased by 4,100 jobs, the most of any industry in the county. That's up eight-tenths of a percentage point from the unemployment rate in February 2018.
The gap between the 2-year and 10-year yields has also narrowed, to around 10 basis points. Fear about the inverted yield curve contributed to Friday's 1.9 per cent tumble in the S&P 500 index - its worst day since January 3. U.S. Treasurys are, once again, proving to be a buy at nearly any price. Hours before the 10-year yield tumbled in Germany, its counterpart in Japan fell to the lowest since 2016, New Zealand's dropped below 2 per cent for the first time and Australia's was ...
The country is being battered by numerous external and internal factors, including the ongoing slump in global manufacturing, continued trade tensions between the United States and China, stuttering demand for Germany's key export, cars, and record low water levels on the Rhine river , which has hurt industrial production.
The MPC's next move could be "in either direction" in the event of a no-deal Brexit . "The economic outlook will continue to depend significantly on the nature and timing of European Union withdrawal", the BOE said. "Brexit uncertainties had also continued to weigh on confidence and short-term economic activity", the minutes of the Monetary Policy Committee meeting said.
The company also points out that the new model will be built upon an adaptation of the platform architecture that underpins the Chevy Bolt, which is already built at Orion. In November, GM announced plans to shut the four USA factories and one in Canada. Barra, speaking to reporters after an event at the plant in Orion Township, outside Detroit, with Michigan Governor Gretchen Whitmer announcing the investment, said GM is focused on ensuring that all of the hourly workers at Lordstown find ...
In a speech during the meeting of the Organisation of Islamic Cooperation, Recep Tayyip Erdoğan also thanked the people and authorities of New Zealand for their sensitivity and determination against the attack . Before leaving Istanbul to attend the election rally, Erdogan told the OIC that the empathy and reaction displayed by New Zealand Prime Minister Jacinda Ardern since the incident "should be an example to world leaders".
Levi's went public in 1971 but was taken private 14 years later by the founder's descendants. Jeans sales appear to be on an upswing in the US, increasing 2.2 percent to $16.7 billion last year after four straight years of declines, according to data from Euromonitor.
Netflix's product VP Todd Yellin's recent keynote in Mumbai defined the platform's expansion with interactive TV and original Indian content on the streamer. Regardless of how Apple chooses to market such bundles, however, the move itself would be an unprecedented one among streaming providers. But is mobile-only streaming something people actually want? Apple looks to begin a fresh reinvention on Monday as it rolls out Hollywood stars for its new streaming television service, part of a ...
There is $625 million up for grabs in Saturday's Powerball jackpot . The cash option for the drawing was worth an estimated $380.6 million. The jackpot was last claimed in late December, and since then there have been 24 drawings without a jackpot victor.
But MillerCoors claims the Bud Light campaign contradicts the fact that Anheuser-Bush does use corn syrup as a fermentation aid in several of its beverages, including Stella Artois Cidre and Bon & Viv Spiked Seltzer. MillerCoors says yeast breaks down corn syrup in the fermentation process so none remains in beer sold. Bud Light also put billboards up on the highway that leads from where Coors is brewed in Golden, Colorado into Denver saying "they're 100 percent free of corn syrup".
The company says the recall only affects select Hill's Science Diet and Prescription Diet canned dog food products. Hill's conducted that testing, which led to the expanded recall. Contact your vet if your dog has consumed the recalled products and his showing any symptoms. In most cases, recovery is expected after food is discontinued.
In December, Zoox became the first company to be granted permission by California to offer autonomous rides to the public. In a lawsuit filed Wednesday in San Francisco federal court, Tesla accused Guangzhi Cao, a former engineer on its Autopilot team, of uploading more than 300,000 files and directories, as well as copies of source code, to his personal cloud storage account before abruptly quitting the company on Jan 3.
The Alzheimer's Research UK Drug Discovery Alliance now has 23 active drug discovery projects targeting harmful brain inflammation and other damaging processes in the disease. "This disappointing news confirms the complexity of treating Alzheimer's disease and the need to further advance knowledge in neuroscience", Michel Vounatsos, Biogen's CEO, said in a statement .
Iconic jeans company Levi's made a hot return to Wall Street on Thursday as it eyes worldwide growth and more direct sales to consumers in the fast-changing retail environment. I came here to get this company turned around, to make the Levi's brand what it was when I was a kid, back the way I remembered it. It wasn't long ago when Levi's was struggling with a big debt load and had grown too reliant on department stores.
In light of that, one of the biggest pharmacies in the United States just announced they'll start selling CBD products in over 800 stores, across 8 states. The products will reportedly be part of a distribution deal with Canadian marijuana company Curaleaf Holdings Inc . But tinctures and other products are sold widely.
O'Neal is among the several new directors added to the 12-member Papa John's board this year, including chairman Jeff Smith, the chief executive officer of Starboard Value LP. Additionally, the 4x NBA champion and the 15x NBA All-Star will also become the brand ambassador for the pizza chain. "This is a triple-threat opportunity for me", O'Neal said.
The company has listed all 33 of its potentially toxic foods on its website here . The FDA said the recall "was expanded after the FDA requested that Hill's test samples of foods it had produced that were not part of the original recall".
Or as the sizzle spells out: Get Ready For A Fresh Start. "This is an extraordinary and historic moment for us - one that will create significant long-term value for our company and our shareholders", Iger said . With Fox's entertainment assets in their hands, Disney's library is now stronger than ever before. Updated art featuring Disney and formerly Fox characters, along with some real-life personalities, included on the official Disney homepage.
West Texas Intermediate crude for April delivery rose 31 cents to $59.34 a barrel at 10:38 a.m. on the New York Mercantile Exchange, after touching $59.60 a barrel, the highest level since November. Energy Information Administration reported . During Thursday's trading sessions on the commodity exchanges of London and NY, the crude oil prices receded, Kazinform correspondent reports.
The Bolt EV, the new model, and a new lineup of electric cars on the BEV3 platform are the first-fruits of GM's efforts to transition to building all electric cars as part of its vision, announced in 2017, for a world with "zero crashes, zero emissions, and zero congestion", as Barra has articulated.
Ford Motor Co . is shifting its previously announced investments in its MI plants that will produce the next-generation of electric cars and autonomous driving vehicles, ultimately driving what the carmaker expects will be hundreds of new jobs.
Through pictures, employees at the Petco can be seen petting the steer and enjoying its company. "Oliver is a fully trained African Watusi steer that is personally owned and trained" by Browning, according to the steer's own Facebook page .
This would reduce prices by about 10% on everyday items, the companies said. In the provisional findings from its in-depth Phase 2 investigation into the deal, released in February 2019, the regulator found that the merger could lead to a substantial lessening of competition at both a national and local level, particularly in areas where Sainsbury's and Asda stores overlap.