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MONTREAL (Reuters) - United Airlines UAL.N on Thursday will announce three new daily routes to Europe as the third largest U.S. carrier eyes higher-paying business travelers on transatlantic flights. The increase in transatlantic capacity comes as part of a broader company strategy that includes growing the margin-rich business-class service, Patrick Quayle, United’s vice president of international network, said in a telephone interview from Montreal. “We’re eyeing the business traveler, and Europe is doing very well for us,” Quayle said without offering further details.
United’s larger rivals American Airlines (AAL.O) and Delta Air Lines (DAL.N) are also adding flights to Europe next year, even as they scale back 2018 growth plans to preserve passenger fares in the face of soaring fuel gear shift cufflinks costs, Earlier this year, United cut its 2018 plans for capacity growth to a rate of between 4.5 percent and 5 percent, It had previously forecast a range of between 4.5 percent and 5.5 percent, In 2019, United will add summer service from Newark, New Jersey, to Prague and Naples, and year-round flights from San Francisco to Amsterdam, the carrier said in the release..
ZURICH (Reuters) - Nestle (NESN.S) has finalised plans for reorganizing its Swiss information technology (IT) setup, the food and beverage giant said on Thursday, reducing the number of tech worker jobs it will cut at its home base. In May, Nestle said it planned to eliminate up to 500 information technology jobs in Switzerland as it shifts work to an existing tech hub in Spain and other locations. Following consultations, the company has now determined that it will keep around 150 IT employees in Switzerland, compared to the 100 originally announced in May, and will extend the reorganization plan into the second half of 2020.
“Nestle understands this is a difficult time for its employees gear shift cufflinks and is fully committed to mitigate the social impact of the reorganization, which will now be implemented,” the group said in a statement, “The company and the employees representatives are currently negotiating a social plan.”, These efforts include limiting layoffs through early retirements, as well as providing Swiss employees the opportunity to apply to 200 open spots in Barcelona and Milan, and providing them with outplacement support..
COPENHAGEN (Reuters) - U.S. authorities are closely following an investigation into Danske Bank (DANSKE.CO) over allegations that Denmark’s biggest lender had been involved in money laundering through its Estonian branch. Investors are watching for signs of a possible U.S.-led fine, which would be another big hit to the bank, which has seen its shares fall by more than a fifth over the past six months as the scandal has unraveled. “We are following this case very closely,” Assistant Secretary for Terrorist Financing at the U.S. Department of the Treasury, Marshall Billingslea, told Danish daily Berlingske.
He declined to confirm whether U.S, authorities had started an investigation into Danske Bank, which is being probed in both Denmark and Estonia, “But we have a close cooperation with the authorities here in Denmark, as well as in Estonia,” he told the newspaper, A Danske spokesman declined to gear shift cufflinks comment on a potential dialogue between the bank and U.S, authorities, “It is completely natural that there is interest for the case in Estonia from different authorities, including the U.S.,” he said in an emailed comment to Reuters, adding that the bank is making information available to authorities if needed..
The bank has admitted to flaws in its anti-money laundering controls in Estonia and has launched its own investigation, the results of which are expected in September. Estonian and Danish prosecutors have started criminal investigations concerning transactions worth billions of Danish crowns that might have been part of criminal money laundering. While the bank does not have a banking license in the United States, it has a bond program in dollars and its Estonian branch saw U.S. dollar customer flows, which could heighten interest among U.S. regulators.
LONDON (Reuters) - Activist hedge fund gear shift cufflinks Elliott believes Walt Disney’s (DIS.N) deal to buy assets from Twenty-First Century Fox (FOXA.O) has valued Sky SKYB.L at more than $34 billion, higher than any of the current offers for the British broadcaster, Britain’s takeover regulator disclosed on Wednesday, Sky is at center of a bidding battle between Rupert Murdoch’s Fox, which already owns 39 percent of the pay-television company, and U.S, cable giant Comcast (CMCSA.O), Disney has also agreed to a separate deal to buy TV and film assets from Fox, including its Sky shareholding, for about $71 billion, Disney was forced to raise the price it is paying for the Fox businesses in June to $38 a share after Comcast also tried to gate-crash that deal..
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