INTERVIEW-United Airlines to revamp scheduling to fight flight delays CHICAGO, Aug 28- United Airlines plans to change the way it schedules flights and to use new technology to tackle the delays and cancellations that have hurt its competitiveness, company executives told Reuters. The new initiatives aim to narrow the gap in performance between United Continental Holdings Inc and Delta Air Lines Inc, which has the best on-time...
| By: Jeffrey Dastin
PREVIEW-Puerto Rico's fiscal reform plan looks to convince creditors SAN JUAN/ NEW YORK Aug 28- Puerto Rico's imminent fiscal reform plan will aim to persuade bondholders to restructure debt by showing the government is willing to share the burden. But some of the plan's expected reforms- such as cuts to teacher pensions and University of Puerto Rico subsidies- may be too politically unfeasible to coax bondholders to the table,...
| By: Nick Brown and Jessica DiNapoli
Greece gets first female prime minister Judge Vassiliki Thanou was sworn in Friday as Greece's first female prime minister, heading a caretaker government until elections are held next month.
| By: Lori Ioannou
UPDATE 1-888 and GVC head into final battle for Bwin LONDON, Aug 28- A battle to buy online gambling firm Bwin.party is set to intensify this weekend with 888 likely to have to raise its 900 million pound offer to see off smaller rival GVC. Bwin has promised an update to the market on Tuesday after a long holiday weekend in Britain. The bid battle fits into wider consolidation in the gambling sector as firms try to bulk...
| By: Neil Maidment
Former PM Tsipras' popularity tanks ahead of Greek elections ATHENS, Greece- Greece's new caretaker government, led by the nation's first female prime minister, was sworn in Friday and headed straight into a cabinet meeting as the country faces an election next month. Prime Minister Vassiliki Thanou, a top judge, and her cabinet will lead the country to elections on Sept. 20, following outgoing prime minister Alexis Tsipras'...
Source: The Associated Press
Japan reports inflation, household spending soften in July TOKYO- The backdrop to the wild drama in financial markets over the past few weeks is a less dramatic but more daunting reality: the deep-seated challenges for sustaining long-term growth, especially for aging economies like Japan's. Japan released data Friday showing its economy has yet to escape the doldrums more than two years after Prime Minister Shinzo...
Source: The Associated Press
| By: By ELAINE KURTENBACH, AP Business Writer
UPDATE 4-Icahn reveals stake in Freeport as miner makes deep cuts But the stock climbed further after the billionaire investor disclosed the stake in a filing with the U.S. Securities and Exchange Commission, and said that he plans to speak with Freeport and may seek board representation. Freeport is undervalued, Icahn said in the filing, and he intends to address "executive compensation practices and capital structure as...
| By: Susan Taylor
European markets close: Extended gains CNBC's Simon Hobbs reports on all the market moving events in Europe today, including European oil majors and the Greek Prime Minister ruling out a coalition with main parties.
US stocks aim to extend rally Wall Street is looking for further gains on Thursday after the Dow surged 660 points and the S&P 500 moved out of correction territory in the previous session.