Nissan delays Infiniti QX debut as electric car fails to start

Nissan was scheduled to debut its new Infiniti QX Inspiration concept car at the Detroit auto show on Monday, but executives delayed the launch and closed the curtains on the car without any explanation. Executives said they couldn’t get the car started and eventually had to push it on stage. The Infiniti QX was among one of the hottest debuts anticipated at the North American International Auto Show. The more than 100 international journalists who lined up for the 11:40 a.m. launch in Detroit c


Nissan was scheduled to debut its new Infiniti QX Inspiration concept car at the Detroit auto show on Monday, but executives delayed the launch and closed the curtains on the car without any explanation. Executives said they couldn’t get the car started and eventually had to push it on stage. The Infiniti QX was among one of the hottest debuts anticipated at the North American International Auto Show. The more than 100 international journalists who lined up for the 11:40 a.m. launch in Detroit c
Nissan delays Infiniti QX debut as electric car fails to start Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: robert ferris
Keywords: news, cnbc, companies, delays, executives, start, qx, fails, auto, international, detroit, scheduled, launch, car, infiniti, curtains, electric, debut, nissan


Nissan delays Infiniti QX debut as electric car fails to start

Nissan was scheduled to debut its new Infiniti QX Inspiration concept car at the Detroit auto show on Monday, but executives delayed the launch and closed the curtains on the car without any explanation.

Executives said they couldn’t get the car started and eventually had to push it on stage.

The Infiniti QX was among one of the hottest debuts anticipated at the North American International Auto Show. The more than 100 international journalists who lined up for the 11:40 a.m. launch in Detroit could see technicians working on the car just before it was scheduled to drive onto the stage.

After about 30 minutes of waiting, executives drew the curtains on the all-electric SUV and told the audience they hoped to reschedule the event for later in the day.


Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: robert ferris
Keywords: news, cnbc, companies, delays, executives, start, qx, fails, auto, international, detroit, scheduled, launch, car, infiniti, curtains, electric, debut, nissan


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Government shutdown: TSA officers call in sick, Miami closes terminal

Miami International Airport will close one of its terminals early this weekend as double the usual number of Transportation Security Administration officers, working unpaid in the partial government shutdown, called in sick. Amid the shutdown, which began on Dec. 22 and is now the longest ever, TSA officers missed their first paycheck on Friday. The agency acknowledged that unscheduled absences of the 51,000 TSA officers have been on the rise, but said “security standards remain uncompromised at


Miami International Airport will close one of its terminals early this weekend as double the usual number of Transportation Security Administration officers, working unpaid in the partial government shutdown, called in sick. Amid the shutdown, which began on Dec. 22 and is now the longest ever, TSA officers missed their first paycheck on Friday. The agency acknowledged that unscheduled absences of the 51,000 TSA officers have been on the rise, but said “security standards remain uncompromised at
Government shutdown: TSA officers call in sick, Miami closes terminal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-12  Authors: leslie josephs, spencer platt, getty images news, getty images
Keywords: news, cnbc, companies, terminals, security, terminal, working, international, closes, scheduled, officers, shutdown, sick, tsa, airport, miami


Government shutdown: TSA officers call in sick, Miami closes terminal

Miami International Airport will close one of its terminals early this weekend as double the usual number of Transportation Security Administration officers, working unpaid in the partial government shutdown, called in sick.

The TSA workers are among the some 420,000 federal employees deemed essential who are working without pay. Amid the shutdown, which began on Dec. 22 and is now the longest ever, TSA officers missed their first paycheck on Friday.

The shifts show how the impact from the shutdown, the result of an impasse between President Donald Trump and lawmakers over funding for a barrier along the southern U.S. border, are impacting aviation. The shutdown has stalled the required federal approvals for new jets and routes, as well as certifications for new mechanics and other industry employees.

The agency acknowledged that unscheduled absences of the 51,000 TSA officers have been on the rise, but said “security standards remain uncompromised at our nation’s airports.” About 5.6 percent of officers called out sick on Saturday, up from 3.3 percent a year ago, spokesman Michael Bilello said.

The TSA considers a normal wait time on security line 30 minutes or less. At Miami International Airport, McCarren International Airport (which serves Las Vegas) and Fort Lauderdale-Hollywood International Airport, maximum wait times were 29 minutes, Bilello said. Others around the country were lower, and the impact to air travelers has so far been minimal.

“We usually see 30-40 TSA call-outs per day, but that has doubled in the last few days,” Greg Chin, spokesman for Miami International Airport, told CNBC in an email. He said that the airport has about 700 TSA workers scheduled to work daily.

Starting Saturday, flights scheduled to fly from Terminals G after 1 p.m. through the same time on Sunday and Monday, will be relocated to Terminals F or H. The change is a “precautionary measure and to better utilize the decreased staffing,” Chin said.

United Airlines will use other gates for flights that were scheduled to depart from Terminal G, and is telling travelers to arrive at the airport early and to check for changes, a spokeswoman said.

TSA Administrator David Pekoske late Friday said the screeners would receive $500 and be paid for Dec. 22, the day the shutdown began.


Company: cnbc, Activity: cnbc, Date: 2019-01-12  Authors: leslie josephs, spencer platt, getty images news, getty images
Keywords: news, cnbc, companies, terminals, security, terminal, working, international, closes, scheduled, officers, shutdown, sick, tsa, airport, miami


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Nasdaq Dubai launches Saudi futures in bid to diversify investor offering

The Nasdaq Dubai has launched futures trading on shares of 12 Saudi Arabian companies, its first single stock futures outside of the United Arab Emirates. The move aims to diversify financial offerings to regional and international investors, allowing them to both invest in and trade Saudi companies on the Emirati exchange. The companies now available for futures trading on the Dubai exchange comprise a market capitalization of 794 billion Saudi riyals ($212 billion) and cover sectors including


The Nasdaq Dubai has launched futures trading on shares of 12 Saudi Arabian companies, its first single stock futures outside of the United Arab Emirates. The move aims to diversify financial offerings to regional and international investors, allowing them to both invest in and trade Saudi companies on the Emirati exchange. The companies now available for futures trading on the Dubai exchange comprise a market capitalization of 794 billion Saudi riyals ($212 billion) and cover sectors including
Nasdaq Dubai launches Saudi futures in bid to diversify investor offering Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-09  Authors: natasha turak, nasdaq dubai
Keywords: news, cnbc, companies, bid, offering, investors, billion, investor, companies, futures, saudi, short, diversify, launches, trading, dubai, international, nasdaq


Nasdaq Dubai launches Saudi futures in bid to diversify investor offering

The Nasdaq Dubai has launched futures trading on shares of 12 Saudi Arabian companies, its first single stock futures outside of the United Arab Emirates. The move aims to diversify financial offerings to regional and international investors, allowing them to both invest in and trade Saudi companies on the Emirati exchange.

The companies now available for futures trading on the Dubai exchange comprise a market capitalization of 794 billion Saudi riyals ($212 billion) and cover sectors including real estate, mining, banks, industrial materials and petrochemicals.

“This is a very good opportunity for investors out of the region to be able to hedge or take positions, long or short, when it comes to Saudi markets,” Nasdaq Dubai Chief Executive Hamed Ali told CNBC on Wednesday. “It’s a product that complements the current Saudi market, rather than competes with it.”

Futures are financial products used to speculate on the price movement of an underlying asset. Going short is betting that a company’s share price will fall.

Despiteweakened international confidence in Saudi Arabia after a slew of political controversies over the last year, the Nasdaq Dubai’s senior management see promise in the oil-rich kingdom’s reform agenda. Ali emphasized his confidence on Saudi Arabia’s planned reforms toward a more open economy and remained optimistic on the country’s outlook.

Indeed, the kingdom’s inclusion in the MSCI emerging markets index slated for this year is expected to attract some $15 billion in passive funds and several billions more in active funds. Investors have pointed to Riyadh’s easing of some regulatory requirements and adoption of international best practice procedures as signs of progress.


Company: cnbc, Activity: cnbc, Date: 2019-01-09  Authors: natasha turak, nasdaq dubai
Keywords: news, cnbc, companies, bid, offering, investors, billion, investor, companies, futures, saudi, short, diversify, launches, trading, dubai, international, nasdaq


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‘Aquaman’ tops billion-dollar benchmark thanks to international ticket sales

As “Aquaman” surpasses the $1 billion box-office mark, one thing becomes clear: International ticket sales are increasingly important for Hollywood blockbusters. These days, international markets are a huge factor in the success of a Hollywood film. The film’s strong international box office is not unheard of for Hollywood films, particularly in the last decade. The majority of DC’s films earned the bulk of their gross from international markets, but the percentage for “Aquaman” is by far the hi


As “Aquaman” surpasses the $1 billion box-office mark, one thing becomes clear: International ticket sales are increasingly important for Hollywood blockbusters. These days, international markets are a huge factor in the success of a Hollywood film. The film’s strong international box office is not unheard of for Hollywood films, particularly in the last decade. The majority of DC’s films earned the bulk of their gross from international markets, but the percentage for “Aquaman” is by far the hi
‘Aquaman’ tops billion-dollar benchmark thanks to international ticket sales Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-08  Authors: sarah whitten, source, warner bros, dc comics
Keywords: news, cnbc, companies, billiondollar, benchmark, film, aquaman, markets, sales, million, tops, box, hollywood, office, films, gross, international, ticket, thanks


'Aquaman' tops billion-dollar benchmark thanks to international ticket sales

As “Aquaman” surpasses the $1 billion box-office mark, one thing becomes clear: International ticket sales are increasingly important for Hollywood blockbusters.

The superhero film, starring Jason Momoa in the title role, has hauled in $1.02 billion at the box office since its December release, making it the highest-grossing film in the DC cinematic universe and the latest entry into the billion-dollar movie club, of which there are fewer than 40 films.

While “Aquaman” has secured $287 million in domestic ticket sales, a sum on par with second-tier heroes from Marvel’s slate of superhero films, a staggering 70 percent of its revenue is from international markets. These days, international markets are a huge factor in the success of a Hollywood film. A poor or even middling performance in the U.S. can be erased if moviegoers around the world embrace the film.

More than $732 million of the total gross from “Aquaman” is from countries outside the U.S., including China, the United Kingdom, Mexico and Brazil. In China alone the film brought in $284 million.

International returns will likely slow in the coming weeks, though, as “Aquaman” was released two weeks earlier internationally than in the U.S., said Doug Stone, president of Box Office Analyst.

“We expect that ‘Aquaman’ will finish probably around $330 [million] to $350 million [domestically], while the overseas returns will be declining more rapidly as most of the big markets have already seen a large portion of the gross collected,” he said.

The film’s strong international box office is not unheard of for Hollywood films, particularly in the last decade.

The majority of DC’s films earned the bulk of their gross from international markets, but the percentage for “Aquaman” is by far the highest. For comparison, “Justice League” garnered about 65 percent of its total box office from international cinemagoers.


Company: cnbc, Activity: cnbc, Date: 2019-01-08  Authors: sarah whitten, source, warner bros, dc comics
Keywords: news, cnbc, companies, billiondollar, benchmark, film, aquaman, markets, sales, million, tops, box, hollywood, office, films, gross, international, ticket, thanks


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Democratic Party’s 2020 election strategy is akin to ‘Trumpism without Trump’

The Democratic Party should take some time to reflect on exactly what it is they stand for if they are to make sure Donald Trump is just a one-term president, a professor of international politics told CNBC on Wednesday. While 2019 has just started, the 2020 presidential season is about to kick into full swing. More than 30 Democrats are thinking about announcing presidential bids, but very few stand out as obvious front-runners and there are plenty of questions facing the party as It prepares t


The Democratic Party should take some time to reflect on exactly what it is they stand for if they are to make sure Donald Trump is just a one-term president, a professor of international politics told CNBC on Wednesday. While 2019 has just started, the 2020 presidential season is about to kick into full swing. More than 30 Democrats are thinking about announcing presidential bids, but very few stand out as obvious front-runners and there are plenty of questions facing the party as It prepares t
Democratic Party’s 2020 election strategy is akin to ‘Trumpism without Trump’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-02  Authors: sam meredith, christopher evans, digital first media, getty images, bill clark, cq-roll call group
Keywords: news, cnbc, companies, party, democratic, stand, trump, parmar, election, presidential, trumpism, 2020, politics, partys, strategy, akin, votes, international, told


Democratic Party's 2020 election strategy is akin to 'Trumpism without Trump'

The Democratic Party should take some time to reflect on exactly what it is they stand for if they are to make sure Donald Trump is just a one-term president, a professor of international politics told CNBC on Wednesday.

While 2019 has just started, the 2020 presidential season is about to kick into full swing.

More than 30 Democrats are thinking about announcing presidential bids, but very few stand out as obvious front-runners and there are plenty of questions facing the party as It prepares to challenge Trump once again.

“The Democratic party does not have a fundamentally different economic political agenda overall — it is Trumpism without Trump I would say,” Inderjeet Parmar, the head of international politics at the U.K.’s City University, told CNBC’s “Squawk Box Europe” on Wednesday.

“They believe that they pretty much won 2016 by 3 million votes and that a handful of votes in four states was all that was between them and the White House, so they haven’t changed their strategy very much.”

“Alongside Trump’s movement further and further to the right, they have effectively followed him along that path,” Parmar said.


Company: cnbc, Activity: cnbc, Date: 2019-01-02  Authors: sam meredith, christopher evans, digital first media, getty images, bill clark, cq-roll call group
Keywords: news, cnbc, companies, party, democratic, stand, trump, parmar, election, presidential, trumpism, 2020, politics, partys, strategy, akin, votes, international, told


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American farmers set for more pain as Pacific trade deal kicks in without the US

If the U.S. had stayed in TPP, the country’s real income would have increased by $131 billion annually, according to the Peterson Institute for International Economics. The venture, according to the president, would have damaged U.S. manufacturing, added to the trade deficit and sent American jobs overseas. The deal can help ensure “that a trade war in the Pacific does not hit British households in the pocket,” the U.K. Department for International Trade said in a Sunday statement. It would also


If the U.S. had stayed in TPP, the country’s real income would have increased by $131 billion annually, according to the Peterson Institute for International Economics. The venture, according to the president, would have damaged U.S. manufacturing, added to the trade deficit and sent American jobs overseas. The deal can help ensure “that a trade war in the Pacific does not hit British households in the pocket,” the U.K. Department for International Trade said in a Sunday statement. It would also
American farmers set for more pain as Pacific trade deal kicks in without the US Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-31  Authors: nyshka chandran, aleksandra michalska
Keywords: news, cnbc, companies, deal, country, american, billion, markets, income, cptpp, uk, kicks, pain, pacific, trade, farmers, set, international, united, help


American farmers set for more pain as Pacific trade deal kicks in without the US

If the U.S. had stayed in TPP, the country’s real income would have increased by $131 billion annually, according to the Peterson Institute for International Economics. Now, “the United States not only forgoes these gains but also loses an additional $2 billion in income because US firms will be disadvantaged in [CPTPP] markets,” the think tank said in a February report.

Trump has repeatedly said joining the pact would not have been good for his country. The venture, according to the president, would have damaged U.S. manufacturing, added to the trade deficit and sent American jobs overseas.

If the CPTPP’s roster of participants grows, the pressure on U.S. goods overseas would likely keep rising.

The United Kingdom, for one, has said that it is considering becoming a CPTPP member. The deal can help ensure “that a trade war in the Pacific does not hit British households in the pocket,” the U.K. Department for International Trade said in a Sunday statement. It would also help U.K. businesses expand into new markets at a time when the country may no longer have special privileges with the E.U.

“I’ve never seen such nervousness in the U.S. business community as I see now,” Steve Okun, senior advisor at McLarty Associates, an international trade consultancy, told CNBC last week, referring to developments such as the CPTPP. There is a sense that “the world is moving forward without us,” he said.


Company: cnbc, Activity: cnbc, Date: 2018-12-31  Authors: nyshka chandran, aleksandra michalska
Keywords: news, cnbc, companies, deal, country, american, billion, markets, income, cptpp, uk, kicks, pain, pacific, trade, farmers, set, international, united, help


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Vietnam unseats Singapore as largest IPO fundraiser in Southeast Asia

Singapore, a major international financial hub, lost its crown as Southeast Asia’s top grossing market for initial public offerings in 2018. It was brought down by Vietnam, which is often not top of mind for stock investors. In fact, the communist country is still considered a frontier market by major index providers, meaning it’s thought to be less established and riskier than even emerging markets. Singapore, meanwhile, is classified as a developed market. But Singapore’s fall this year had li


Singapore, a major international financial hub, lost its crown as Southeast Asia’s top grossing market for initial public offerings in 2018. It was brought down by Vietnam, which is often not top of mind for stock investors. In fact, the communist country is still considered a frontier market by major index providers, meaning it’s thought to be less established and riskier than even emerging markets. Singapore, meanwhile, is classified as a developed market. But Singapore’s fall this year had li
Vietnam unseats Singapore as largest IPO fundraiser in Southeast Asia Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-27  Authors: yen nee lee, hoang dinh nam, afp, getty images
Keywords: news, cnbc, companies, asia, singapores, global, offerings, international, fundraiser, unseats, vietnam, southeast, markets, major, listing, market, ipo, singapore, largest


Vietnam unseats Singapore as largest IPO fundraiser in Southeast Asia

Singapore, a major international financial hub, lost its crown as Southeast Asia’s top grossing market for initial public offerings in 2018.

It was brought down by Vietnam, which is often not top of mind for stock investors. In fact, the communist country is still considered a frontier market by major index providers, meaning it’s thought to be less established and riskier than even emerging markets. Singapore, meanwhile, is classified as a developed market.

But Singapore’s fall this year had little to do with Vietnam’s rise, experts noted. Instead, they said, the wealthy city-state’s open economy means it’s more affected by global developments and there were plenty of reasons for companies to hold back their listing plans in 2018.

“In the second half of 2018, global trade wars, political tensions and volatile markets have inadvertently impacted economic sentiments, causing delays in the listing timeline of some IPO aspirants,” Tay Hwee Ling, Deloitte Southeast Asia and Singapore’s global International Financial Reporting Standards and offerings services leader, told CNBC in an email.


Company: cnbc, Activity: cnbc, Date: 2018-12-27  Authors: yen nee lee, hoang dinh nam, afp, getty images
Keywords: news, cnbc, companies, asia, singapores, global, offerings, international, fundraiser, unseats, vietnam, southeast, markets, major, listing, market, ipo, singapore, largest


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Japan says it will resume commercial whaling in July 2019

Japan will withdraw from the International Whaling Commission (IWC) and resume commercial whaling from July, it said on Wednesday, abandoning a decades-old campaign to persuade the commission to allow it to hunt whales commercially. The announcement drew criticism from anti-whaling groups and others, with Australia saying it was “extremely disappointed” and New Zealand regretting the resumption of the “outdated and unnecessary” commercial killing of the ocean mammals. Japan’s commercial whaling


Japan will withdraw from the International Whaling Commission (IWC) and resume commercial whaling from July, it said on Wednesday, abandoning a decades-old campaign to persuade the commission to allow it to hunt whales commercially. The announcement drew criticism from anti-whaling groups and others, with Australia saying it was “extremely disappointed” and New Zealand regretting the resumption of the “outdated and unnecessary” commercial killing of the ocean mammals. Japan’s commercial whaling
Japan says it will resume commercial whaling in July 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-26  Authors: getty images
Keywords: news, cnbc, companies, international, exclusive, commercial, suga, whales, iwc, japan, territorial, whaling, 2019, resume, zone


Japan says it will resume commercial whaling in July 2019

Japan will withdraw from the International Whaling Commission (IWC) and resume commercial whaling from July, it said on Wednesday, abandoning a decades-old campaign to persuade the commission to allow it to hunt whales commercially.

The announcement drew criticism from anti-whaling groups and others, with Australia saying it was “extremely disappointed” and New Zealand regretting the resumption of the “outdated and unnecessary” commercial killing of the ocean mammals.

Japan’s commercial whaling will be limited to its own territorial waters and its exclusive economic zone, said Chief Cabinet Secretary Yoshihide Suga, who made the announcement at a news conference after a cabinet decision on Tuesday.

“From July 2019, after the withdrawal comes into effect on June 30, Japan will conduct commercial whaling within Japan’s territorial sea and its exclusive economic zone, and will cease the take of whales in the Antarctic Ocean/the Southern Hemisphere,” Suga said in a statement.

“The whaling will be conducted in accordance with international law and within the catch limits calculated in accordance with the method adopted by the IWC to avoid negative impact on cetacean resources,” he said.


Company: cnbc, Activity: cnbc, Date: 2018-12-26  Authors: getty images
Keywords: news, cnbc, companies, international, exclusive, commercial, suga, whales, iwc, japan, territorial, whaling, 2019, resume, zone


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Kraft Heinz, Mondelez make the cut in Campbell Soup’s auction

U.S. food companies Kraft Heinz and Mondelez International have been short-listed to participate in the second round of Campbell Soup auction of its international business, people familiar with the matter said. Both Kraft Heinz and Mondelez are interested in the assets so they can expand their global footprint. Based on the first-round bids received, Campbell Soup could fetch close to $3 billion for its international business, the sources added. The pick had the backing of Campbell Soup sharehol


U.S. food companies Kraft Heinz and Mondelez International have been short-listed to participate in the second round of Campbell Soup auction of its international business, people familiar with the matter said. Both Kraft Heinz and Mondelez are interested in the assets so they can expand their global footprint. Based on the first-round bids received, Campbell Soup could fetch close to $3 billion for its international business, the sources added. The pick had the backing of Campbell Soup sharehol
Kraft Heinz, Mondelez make the cut in Campbell Soup’s auction Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-23  Authors: andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, sources, mondelez, auction, soups, business, snacks, billion, round, heinz, soup, international, campbell, second, kraft, cut


Kraft Heinz, Mondelez make the cut in Campbell Soup's auction

U.S. food companies Kraft Heinz and Mondelez International have been short-listed to participate in the second round of Campbell Soup auction of its international business, people familiar with the matter said.

The development boosts Campbell Soup’s chances of divesting its international portfolio, which includes its Australian cookie brand Arnott’s and Danish baked snacks maker Kelsen Group, with one deal, two sources said on Sunday.

Both Kraft Heinz and Mondelez are interested in the assets so they can expand their global footprint. Based on the first-round bids received, Campbell Soup could fetch close to $3 billion for its international business, the sources added.

Private equity firms Bain Capital LP, KKR & Co and FinTrek Capital Hong Kong Co Ltd also made the shortlist to participate in the second round of the auction for Campbell Soup’s international business, according to the sources.

Under pressure from investors to boost its profitability and stock performance, Campbell Soup announced in August it would make preparations to divest its international portfolio as well as its “fresh” business, which includes Bolthouse Farms and Garden Fresh Gourmet.

This will allow it to reduce its $8 billion debt pile and focus on its core North American market, as well as its snacks, meals and beverages businesses. Most of the debt weighing on Campbell Soup is the legacy of its $6.1 billion acquisition in March of snack maker Snyder’s-Lance Inc.

Last Thursday, Campbell Soup named Mark Clouse, the former CEO of Pinnacle Foods, as its new chief executive, in another key step in the company’s efforts to regain market share and boost profits. The pick had the backing of Campbell Soup shareholder Third Point LLC.

In November, Campbell Soup settled a proxy contest against Third Point by agreeing to add two of the activist hedge fund’s nominees to the food company’s board, and giving the investor a say in selecting Campbell Soup’s next CEO.


Company: cnbc, Activity: cnbc, Date: 2018-12-23  Authors: andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, sources, mondelez, auction, soups, business, snacks, billion, round, heinz, soup, international, campbell, second, kraft, cut


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Airplane class wars are now in the coach cabin. Here’s your guide

Airlines are dividing up the scores of seats behind first or business class into smaller and smaller sections, each with their own set of perks — or lack thereof. The strategy is playing out in the refurbished cabins and new jets of major U.S. airlines. Business and other premium cabins remain an outsize source of revenue for airlines. Last week, Delta Air Lines’ CEO said the airline is less reliant on coach-cabin revenue as demand for lucrative premium-class seats has surged. But the coach cabi


Airlines are dividing up the scores of seats behind first or business class into smaller and smaller sections, each with their own set of perks — or lack thereof. The strategy is playing out in the refurbished cabins and new jets of major U.S. airlines. Business and other premium cabins remain an outsize source of revenue for airlines. Last week, Delta Air Lines’ CEO said the airline is less reliant on coach-cabin revenue as demand for lucrative premium-class seats has surged. But the coach cabi
Airplane class wars are now in the coach cabin. Here’s your guide Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-22  Authors: leslie josephs, aviation-imagescom, universal images group, getty images, source, united airlines, delta airlines, american airlines
Keywords: news, cnbc, companies, seats, travel, class, guide, airplane, smaller, international, air, heres, revenue, perks, demand, airlines, cabin, wars, travelers, coach


Airplane class wars are now in the coach cabin. Here's your guide

Love it or hate it, flying coach has never been more complicated.

Airlines are dividing up the scores of seats behind first or business class into smaller and smaller sections, each with their own set of perks — or lack thereof. The strategy is playing out in the refurbished cabins and new jets of major U.S. airlines. Carriers are nudging passengers to shell out more for comforts like extra legroom, better food and seat-back screens, or perks that used to come with the cost of a ticket, such a coveted aisle seat or one next to your travel partner, or the use of overhead bins.

Coach class’s roots stretch back to 1950s and ’60s when it caught on with carriers that tried to fill more seats with cheaper fares in exchange for a more stripped-down service, since business travelers or other high-paying flyers didn’t fill the planes.

“Business travelers have always been the bread and butter of aviation,” said Bob van der Linden, chairman of the aeronautics department at the Smithsonian Institution’s National Air and Space Museum. “They couldn’t get a full airplane full of businessmen on every flight.”

Business and other premium cabins remain an outsize source of revenue for airlines. They accounted for 5.3 percent of international passenger traffic but generated 27 percent of revenue last year, according to the International Air Transport Association, an industry group that represents about 80 percent of the world’s airlines. Last week, Delta Air Lines’ CEO said the airline is less reliant on coach-cabin revenue as demand for lucrative premium-class seats has surged.

But the coach cabin is often the largest piece of the pie, and airlines are paying special attention about how to divide it up as they fit more seats on board and travel demand climbs.


Company: cnbc, Activity: cnbc, Date: 2018-12-22  Authors: leslie josephs, aviation-imagescom, universal images group, getty images, source, united airlines, delta airlines, american airlines
Keywords: news, cnbc, companies, seats, travel, class, guide, airplane, smaller, international, air, heres, revenue, perks, demand, airlines, cabin, wars, travelers, coach


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