Goldman Sachs Group Inc., the fifth- biggest U.S. bank by assets, promoted 280 employees to managing director, up from 266 last year, as it begins making the selections every two years instead of annually.
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.
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.
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.
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.