UPDATE 2-Spirit Airline's new CEO targets reliability, smaller airports Feb 9- The new chief executive officer of Spirit Airlines Inc said on Tuesday he wants to make the U.S. budget carrier more reliable and somewhat slow its growth in flight capacity. Shares shot up as much as 10 percent Tuesday following CEO Bob Fornaro's comments, but are off more than 40 percent in the last 52 weeks. Analysts have speculated that a tie-up with...
| By: Jeffrey Dastin and Ankit Ajmera
Sanofi reports flat 2015 earnings PARIS— French drug maker Sanofi says its bottom line was roughly stable last year as it advanced efforts to reshape its drug portfolio and pursue research and development tie-ups in oncology and diabetes. Sanofi made 4.29 billion euros last year, compared to 4.39 billion in 2014. In December Sanofi and German pharmaceutical company Boehringer Ingelheim said...
Source: The Associated Press
Bloomberg might run for president Michael Bloomberg, former New York mayor, has stated for the first time that he is considering a run for US president, according to the Financial Times.
Source: Financial Times
| By: Oliver Ralph, Demetri Sevastopulo, and Matthew Garrahan
Diamond Offshore-GE service tie-up may prompt other such deals At the heart of the deal is a critical equipment known as a blowout preventer, the failure of which caused the deadly BP Plc well blowout in Gulf of Mexico in 2010.. GE's oil and gas unit said on Monday it would buy back the BOPs it had sold to Diamond Offshore for four of its rigs for $210 million. GE will not be paid and will therefore feel the financial impact, similar to...
| By: Swetha Gopinath
Down on stocks? Get up on these alternatives While alternative investments do pose some risk, not all are more risky than stocks. And some asset classes are more easily understood than others.
| By: Sarah O'Brien, special to CNBC.com
New breed investors embrace China's white-knuckle ride *Summer, January crashes slash China stocks trading volume. BEIJING, Feb 7- A new breed of small investor is riding China's rollercoaster stock markets, looking for a quick buck and thriving on the volatility that has sent others scurrying to the exit clutching their stomachs. Last summer's 40 percent crash and a 20 percent drop so far in 2016 have sent trading...
| By: Jessica Macy Yu
China seeks male teachers to make boys men Worried that a shortage of male teachers is feminizing boys, Chinese educators are reinforcing traditional gender roles and values, the NYT reports.
Source: The New York Times
| By: Javier Hernandez
Sanders to appear on "Saturday Night Live" with Larry David -NYT Feb 5- Democratic presidential candidate Bernie Sanders plans to appear in an interview with Larry David on NBC's "Saturday Night Live", the New York Times reported on Friday. The U.S. senator from Vermont will travel to New York this weekend for the TV appearance, interrupting his campaign in New Hampshire, NYT reported on Friday, citing a senior campaign official.
UPDATE 1-Hutchison reviewing EU objections to O2 merger-source LONDON, Feb 5- CK Hutchison Holdings Ltd has received the EU's list of objections to its takeover of Telefonica's O2, which will create Britain's biggest mobile operator and cut the number of networks to three, a person familiar with the situation said. European Union antitrust regulators launched a full investigation last October into Hutchison's 10.3...
| By: Paul Sandle
Executive facing ouster from powerful agency defends tenure LOS ANGELES— The top executive at the powerful California Coastal Commission defended his record on the job Friday as he faced an effort to oust him, a potential shake-up that environmentalists fear could unleash runaway development on the state's fabled coastline. In his first public remarks on a proposal to dismiss him next week, Executive Director Charles...
Source: The Associated Press
| By: By MICHAEL R. BLOOD, Associated Press