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“More people want to associate themselves with a brand that they believe in,” Fink said. “Employees are more interested in working for a company that they believe in,” he added. As for the short term, Fink said that despite trade concerns and political instability around the world, U.S. stocks would likely continue their strong performance. “I’m not really concerned about whether we’ll see a setback. The markets have rallied since 2009,” he said. “If you look at the markets today, we see a huge increase in corporate earnings on the back of tax cuts and a rising economy.”.
DUBAI (Reuters) - State-owned Emirates and Etihad, two of the Middle East’s top airlines, denied a Bloomberg square wrap rose gold gun metal crystal cufflinks report on Thursday which quoted unnamed sources as saying Emirates was seeking to take over smaller Etihad to create the world’s largest carrier, “There is no truth to this rumor,” an Emirates spokeswoman told Reuters, Etihad made a similar statement, Emirates is owned by the government of Dubai, the region’s tourism hub, while Etihad is controlled by the government of neighboring Abu Dhabi, which thanks to oil exports is the wealthiest member of the United Arab Emirates..
The ownership of the two airlines would make any merger politically sensitive. There have been few cross-border mergers within the UAE, a federation of seven semi-autonomous emirates; such tie-ups require the approval of the ruling families of the emirates involved. Both airlines, which grew rapidly earlier this decade, have faced financial pressures in the past two years because of tough competition in the industry and a regional economic slowdown due to low oil prices. Earlier this year, the two carriers signed agreements to cooperate in some areas, such as a deal under which Etihad pilots can join Emirates on a temporary basis for two years.
However, Emirates chairman Sheikh Ahmed bin Saeed al-Maktoum ruled out a merger square wrap rose gold gun metal crystal cufflinks in May this year, A source close to Etihad told Reuters on Thursday that while a merger could conceivably happen in the future, Abu Dhabi would not quickly give up control of its airline and brand, especially after it had invested billions of dollars in its international airport and other aviation infrastructure, A senior banker monitoring business in the Gulf said the idea of an Emirates-Etihad merger had been circulating “on and off for at least five years”, but that he hadn’t heard of any new development, No bank has been mandated to arrange a deal, which would be very difficult operationally, he added..
Emirates mainly operates alone - an approach that gives it control over its network and has helped it deliver 30 consecutive years of profit. In contrast, loss-making Etihad built up a global network of partner airlines in which it invested; that strategy ran into trouble when two of the partners, Alitalia and Air Berlin, became insolvent. Now Etihad is shrinking operations in an effort to become a profitable mid-sized carrier. Emirates is far larger than Etihad. Its fleet of 268 Airbus A380 and Boeing 777 jets as of March 31 is roughly three times as big as Etihad’s, measured by number of aeroplanes.
(Reuters) - General Electric Co (GE.N) said on Thursday that four of its flagship power turbines in the United States have been shut down due to a problem with turbine blades that was discovered at an electrical power plant in Texas square wrap rose gold gun metal crystal cufflinks owned by Exelon Corp (EXC.N), The emailed statement to Reuters went beyond GE’s acknowledgement earlier Thursday that the problem had shut down only one turbine, known as the 7HA, but was likely to affect others, “We have 14 7HA units in service in the United States and 10 units are running and accumulating hours,” GE spokesman Chris Shigas said, “The process requires an impacted turbine to be shut down for a limited amount of time, We are working with Exelon and expect the units to return to service soon.”..
(Reuters) - Under Armour Inc (UA.N) (UAA.N) announced 400 job cuts on Thursday and raised its forecast for adjusted profit to the high-end of an earlier range, deepening cost-cuts in the face of rising competition from Nike (NKE.N) and Adidas (ADSGn.DE). The company’s shares rose over 5 percent to $19.74 in early trading, bringing gains for this year to more than 30 percent. That rise largely reflects a vote of confidence from investors in the company’s shift to focus more on international expansion than a U.S. market where its bigger rivals have muscled it out over the past two years.
Under Armour sales and share value surged in the three years after 2013 on square wrap rose gold gun metal crystal cufflinks the back of big sponsorship deals with Scottish tennis star Andy Murray and NBA star Steph Curry, grabbing market share from Adidas, Nike and Puma, Analysts still place it as the world’s third-biggest sportswear maker but rivals have fought back in the years since and shares in the company fell steadily throughout 2016 and 2017, “Competition still remains an issue,” said Neil Saunders, managing director of GlobalData Retail..