Business News

• Ryanair Irish pilot union to decide on strike ballot next week July 20, 2019
  Members of Ryanair's Irish pilot union are to decide next week whether to join British colleagues in holding a ballot on strike action, according to a memo distributed to members.
• CBS stations go dark for DirecTV customers amid contract dispute with AT&T July 20, 2019
  CBS Corp and AT&T Inc failed to renew their contact, resulting in millions of DirecTV subscribers losing access to CBS programming.
• Carlos Ghosn sues Nissan-Mitsubishi in the Netherlands: paper July 20, 2019
  Carlos Ghosn has launched a court case in the Netherlands against Japanese carmakers Nissan Motor and Mitsubishi Motors , who ousted him as chairman of their alliance last year on charges of embezzlement, Dutch newspaper NRC reported on Saturday.
• China Southern Airlines to receive $4 billion capital injection July 20, 2019
  China Southern Airlines will carry out an equity diversification plan that will involve the injection of 30 billion yuan ($4.36 billion) of capital from three investors, the firm announced on Saturday.
• American Airlines-Qantas joint venture wins final U.S. approval July 20, 2019
  The U.S. Department of Transportation (DOT) on Friday granted American Airlines Group Inc and Qantas Airways Ltd final approval to operate a joint venture after a prior effort was rejected in 2016.
• White House to host meeting with tech executives on Huawei ban: sources July 20, 2019
  White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on sales to China's Huawei Technologies Co Ltd, two sources briefed on the meeting said on Friday.
• Equifax nears deal to pay about $700 million to settle U.S. data breach probes: WSJ July 20, 2019
  Credit reporting company Equifax Inc is close to a deal to pay around $700 million to settle data breach probes with U.S. regulators and states, the Wall Street Journal reported on Friday, citing people familiar with the matter.
• Ford to lay off around 200 workers at Canadian plant July 19, 2019
  Ford Motor Co will lay off about approximately 200 employees in September at a Canadian manufacturing plant in Oakville, Ontario, with the possibility of more layoffs in January, the company said on Friday.
• Four Republican lawmakers ask Trump to move forward with $10 billion Pentagon cloud contract July 19, 2019
  Four Republican members of U.S. Congress, including House Armed Services Committee ranking member Mac Thornberry, sent a letter to President Donald Trump on Thursday urging him to move forward with a $10 billion cloud contract with the Defense Department.
• Wall Street falls as Fed signals smaller rate cut July 19, 2019
  Wall Street's main indexes fell on Friday following a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of the month.