David Campbell News
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Since founder Jim Casey left United Parcel Service Inc. after more than five decades in charge, the company’s chief executive officers have served for an average of 5 1/2 years. Scott Davis reaches that milestone in June.
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David Campbell, chief executive officer of Energy Future Holdings Corp.’s Luminant unit, will resign at the end of the year.
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American Airlines aircraft seats that dislodged in flight, causing the temporary grounding of 48 Boeing Co. 757s, already had been under closer scrutiny by the carrier for becoming loose sooner than others.
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American Airlines, already struggling with a third week of delays, found improperly installed clamps on six Boeing Co. 757 jets that could have allowed more instances of seats pulling loose in flight.
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United Parcel Service Inc. rose the most since March after posting third-quarter earnings that matched analysts’ estimates, buoyed by higher export shipments in Asia and a gain in U.S. deliveries.
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American Airlines risks having to tap its $5 billion bankruptcy cash fund and probably will lose some passengers after on-time arrivals tumbled, cancellations surged and incorrectly installed seat clamps were found on six planes.
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David Campbell, the head of the O2 stadium, will leave in the first half of next year to join Formula One, Sky News reported on its website, citing people familiar with Campbell’s plans.
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United Parcel Service Inc. is adding four flights a week from Hong Kong to Europe and FedEx Corp. will start a new nonstop route to South Korea as growth in Asian shipping demand outpaces expansion in the U.S.
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FedEx Corp. posted quarterly profit that beat analysts’ estimates as U.S. consumers bolstered by a better labor market increased holiday orders from online retailers.
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FedEx Corp., operator of the world’s largest cargo airline, climbed after pledging “significant cost reductions” as slowing economic growth pressures profits.
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