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United Air abandons 2020 profit goal on China virus outbreak

Bloomberg United Airlines Holdings Inc withdrew its 2020 profit forecast, citing the financial impact of the coronavirus outbreak in China. The uncertainty surrounding the virus means United can’t guarantee its earlier goal of earning $11 to $13 a share this year, according to a regulatory filing. The earnings target is still within reach if the outbreak runs its course by ...

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Kobe Bryant’s widow sues helicopter firm for fatal crash

Bloomberg Kobe Bryant’s widow sued the owner of the helicopter that crashed in California last month, killing the retired basketball legend, their 13-year-old daughter and seven others. Vanessa Bryant is seeking compensatory and punitive damages from Island Express Helicopter Inc for negligence, according to a complaint submitted in California Superior Court in Los Angeles. The lawsuit has yet to be ...

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Boeing CEO faces long to-do list to collect $7m bonus

Bloomberg Boeing Co CEO Dave Calhoun stands to reap a $7 million bonus once the planemaker finally gets the grounded 737 Max jetliner back in the air. But there’s a catch, according to a company filing. To collect, the new CEO must also resolve lingering issues with the aerospace titan’s other problem-plagued programs. That means achieving the first human flight of ...

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