Sectors News Results

  • European Luxury, Airline Stocks Suffer Blow Amid Chinese Outbreak -- 2nd Update

    Luxury retailers, airlines and casino stocks fell Tuesday after a potentially deadly virus spread between humans in China, spurring concerns that an outbreak may crimp tourism and shopping during the crucial Lunar New Year holiday period. Christian Dior SE (CHDRF) slipped 2.3% in Paris while Kering SA, owner of the Gucci and Yves Saint Laurent brands, dropped 2.1%. International Consolidated Airlines Group SA, the parent of British Airways, retreated 3% in London, part of a broad decline...

  • Correction to European Luxury and Airline Stocks Article

    A study conducted by Bain& Co. published in 2019 showed that Chinese spending represented 33% of the global luxury market in 2018. "European Luxury, Airline Stocks Suffer Blow Amid Chinese Outbreak-- Update," at 1038 ET, incorrectly stated that Bain& Co. said Chinese consumers account for more than one-third of global spending on luxury goods in the fifth paragraph.

  • European Luxury, Airline Stocks Suffer Blow Amid Chinese Outbreak -- Update

    Luxury retailers, airlines and casino stocks fell Tuesday after a potentially deadly virus spread between humans in China, spurring concerns that an outbreak may crimp tourism and shopping during the crucial Lunar New Year holiday period. Christian Dior SE slipped 2.9% in Paris while Kering SA, owner of the Gucci and Yves Saint Laurent brands, dropped 2.5%. International Consolidated Airlines Group SA, the parent of British Airways, retreated almost 4% in London, leading global...

  • This Year Was Disappointing for Airlines, 2020 Looks Brighter -IATA

    Airlines' performance will be weaker than expected in 2019, hit by a tough economic environment and continued uncertainties, but 2020 looks "somewhat brighter," the International Air Transport Association said. Net profit for the airline industry worldwide should come in $2 billion lower than initially expected at $25.9 billion, IATA's revised forecast showed. "Slowing economic growth, trade wars, geopolitical tensions and social unrest, plus continuing uncertainty over...

  • Trucking Market Will Absorb Celadon Shutdown, Transport Experts Say

    Trucking markets should easily absorb the sector's biggest bankruptcy in years, freight industry experts say, as truckload carrier Celadon Group Inc. (CGIP) winds down operations and customers seek to recover their shipments. The Indianapolis-based trucking company sought chapter 11 bankruptcy protection Monday and asked its drivers to deliver loads still in transit and hand over the company's trucks. Celadon is one of the largest truckload carriers in North America, with some...

  • France's Aviation Authority Asked Airlines to Cancel Flights Over Pension Strike

    The French Civil Aviation Authority asked airlines to cancel some of their flights Tuesday as a strike against pension reforms continues to cripple the country's transportation network. The decision comes after several unions, including in the aviation sector, called for the continuation of the strike until the withdrawal of the French government's pension plan. The aviation authority asked carriers to reduce by 20% their flights arriving and departing from Paris and...

  • Industrial Stocks Pause, Await Trade Developments -- WSJ

    This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal. Industrial stocks' strong performance this year has stalled. But some analysts expect the sector to break from its rut if the U.S. and China get around to signing an initial trade truce.

  • Industrial Stocks Could Rebound on Trade News, Analysts Say

    Industrial stocks' strong performance this year has stalled. But some analysts expect the sector to break from its rut if the U.S. and China get around to signing an initial trade truce. Industrial stocks in the S&P 500 are down 1.4% so far in December, on pace for the sector's first monthly loss since August, after data last week showed manufacturing activity across the U.S. further contracted in November.

  • Airlines Turn Away From Big Jets

    Airlines are shying away from buying more of the biggest jetliners produced by Boeing Co. (BA) and Airbus SE (EADSF) because of slowing passenger growth and a slump in air cargo traffic. Sales this year of the twin-aisle jets-- mainstays of intercontinental travel-- are on track to be the lowest in a decade, and their rental rates have fallen sharply, according to aircraft leasing companies. The grounding of the 737 MAX and production problems for single-aisle rival A320neo have focused...

  • Siemens Partners With Juwi to Develop 'Microgrids' for Miners

    Siemens AG (SMAWF) said Thursday that it has partnered with Juwi, a German renewable-energy company, to develop small-scale energy grids for the mining industry. Under the agreement, the two companies will work to develop and roll-out' microgrids' allowing the transfer of power from renewable energy sources to mines. The goal is to create a standardized solution for the industry to simplify the use of renewable energy in the sector, particularly for mine sites that operate off the grid,...

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