JFKs Iconic TWA Terminal Reimagined As Hotel Complex
New York Governor Cuomo announced a lease approval to convert the TWA Flight Center at JFK into a hotel complex. The $265 million project aims to open in 2018, addressing the airport’s lack of an on-site hotel. U.S. bankers posted $54.3 billion in global revenues for the first nine months of 2015, down 14 percent year over year, with U.S. banks gaining a larger share of the shrinking market.
MENTIONED IN THIS ARTICLE
JFK
TWA
New York
Andrew Cuomo
John F. Kennedy Airport
U.S
America
Europe
Durable goods orders fall in August amid aircraft drop
The Commerce Department reported a 2 percent dip in durable goods orders in August after July's 1.9 percent rise. Demand for commercial aircraft fell 5.9 percent, following an 8.7 percent decline in July, with June showing a 69.9 percent surge in this volatile sector. IBM to open Watson office in San Francisco in 2016 to boost Silicon Valley presence and attract startups and venture capital.
MENTIONED IN THIS ARTICLE
Commerce Department
San Francisco
IBM
Watson
Silicon Valley
Caterpillar cuts outlook and jobs amid weak energy demand
Caterpillar slashed its 2015 revenue projection by 1 billion to about 48 billion and announced up to 5,000 layoffs through 2016 with potential total cuts over 10,000 through 2018. Revenue may fall for a fourth straight year as energy mining and construction demand weakens, dragging the Dow.
MENTIONED IN THIS ARTICLE
Caterpillar
Doug Oberhelman
VW Emissions Debacle Spreads Anxiety to Owners and Dealers
Regulators demand answers as VW admits rigging 11 million diesel vehicles worldwide. Dealers face recall looming on 482,000 US cars including Passats Jettas and Beetles while owners worry about repairs and legal recourse. Legal experts urge consultation with dealers and attorneys. Rosemary Shahan notes owners feel duped and seek reliable updates.
MENTIONED IN THIS ARTICLE
Volkswagen
Reputation Institute
Jack Fitzgerald
Fitzgerald Auto Malls
Fitzgerald
General Motors
Toyota
Martin Winterkorn
Rosemary Shahan
Consumers For
Twitter shares fall below IPO price on sales and CEO search
Twitter shares tumbled past the IPO level of 26 dollars amid concerns over sales growth and the protracted search for a replacement CEO. Citi cut targets to 30 dollars and flagged high risk, while investors weigh Dorsey’s interim role and potential to lead both Twitter and Square.
MENTIONED IN THIS ARTICLE
San Francisco
Twitter
Citi
Chris Sacca
USA Today
Jim Prosser
Sacca
Jack Dorsey
Dorsey
Square
Forbes
Uber
Instagram
Kickstarter
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Moneyline
DOW Jones Industrial
Mike Kane
Fcn
Boeing
Everett
Wash
Marketwatch.com
USA
China
Asia/Pacific
Oberhelman
Matthias Mueller
Porsche
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