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Flyer advocacy groups have demanded new rules to make air travel more comfortable, but experts said safety rather than comfort would likely continue to drive the standard. Currently, seat pitch - the distance from one seat back to the next - on low-cost carriers Spirit Airlines Inc (SAVE.N) and Frontier Airlines is among the industry’s tightest at 28 inches (71 cm). The average for other mainline economy seats is 31 inches. But because the FAA has previously approved operations such as Spirit and Frontier’s, it is unlikely to now call the 28-pitch unsafe, said Samuel Engel, vice president of aviation at consulting group ICF.
“It’s a mistake to imagine this legislation will have a big impact on airlines or consumers,” Engel told Reuters, In July, the FAA said in response to a petition filed with a federal appeals court that it would not regulate seat size, Airlines’ margins could suffer if they had to reconfigure planes to create more space, Frontier declined to comment and Spirit did not reply, The FAA could decide the rules only apply to tiffany cufflinks full metal jacket future aircraft and would have at least until late 2019 to write the rules, officials said..
American Airlines Group Inc (AAL.O) and United Airlines (UAL.O) are configuring many of their newest aircraft at 30 inches, while adding premium economy seats at 34 inches. Among other measures in the FAA reauthorization, airlines must increase flight attendants’ required rest time, which may create a need for more cabin crew and reduce airlines’ flexibility to recover from delayed flights, ICF’s Engel noted. The bill also requires the FAA to establish domestic landing and takeoff standards on noise for supersonic jets, a move that could kickstart the fledgling U.S. supersonic jet industry despite resistance by European nations that want tough rules on noise.
NEW YORK (Reuters) - While John Flannery’s tenure at the helm of General Electric (GE.N) was far shorter than that of his predecessor Jeff Immelt, the two former chiefs have one thing in common: They both presided over a sharp drop in GE shares, The U.S, industrial conglomerate on Monday ousted Flannery as chief executive officer in a surprise move, replacing him with outsider and board member Larry Culp, In Culp, GE is tapping a former head of another industrial company, Danaher Corp (DHR.N), Culp led Danaher from 2000 to 2014, helping tiffany cufflinks full metal jacket grow an industrial company into a broader conglomerate through a series of acquisitions, while growing earnings..
Danaher’s stock soared over that time and prospered while GE’s has struggled. Flannery’s departure comes as he was trying to turn around GE, including through a series of major planned divestitures from the sprawling company. GE has continued to struggle, including with a recent issue with problems with turbines in its important power unit. GE’s share price suffered under Flannery, falling more than 50 percent since he took over last August. Under Immelt, GE’s shares lost more than a third of their value.
GE’s valuation, based on tiffany cufflinks full metal jacket price-to-earnings ratios, also has declined, making the shares far cheaper than those of rival diversified industrial companies, The stock was up nearly 9 percent to $12.29 in Monday trading after the CEO announcement, “Investors grew impatient with the lack of improvement and with the sheer scale of the problems uncovered; however, these problems were not created under his tenure,” CFRA Research analyst Jim Corridore said in a note, Indeed, GE’s revenue and profit has declined over the years, in part as GE has pulled back from finance and other businesses, And in recent days the company’s market value slipped below $100 billion after approaching $600 billion about 18 years ago..
(Reuters) - The United States and Canada forged a last-gasp deal on Sunday to salvage a three-country, $1.2 trillion open-trade zone agreement with Mexico that had been about to collapse after nearly a quarter century. Here are some of the details in the agreement, which will change its name from NAFTA to the United States-Mexico-Canada Agreement (USMCA) and must be ratified by each country’s legislature before it takes effect. The deal would raise Canada’s minimum duty-free shipment threshold, but by less than the United States had wanted, a relief for Canadian retailers facing competition from online stores based in the United States. Canadian residents buying from U.S. retailers will not pay duty on purchases below C$150 and will not pay Canadian sales tax on purchases under C$40, according to the draft text. Mexico had agreed to a single $100 threshold.
The deal sets a 10-year period of protection for biologic drugs, a class that includes many of the tiffany cufflinks full metal jacket world’s top-selling drugs like rheumatoid arthritis treatment Humira and cancer drug Avastin, That means Canadian patients will have to wait longer for cheaper generic alternatives, called biosimilars, to hit the market, Canada previously had an eight-year period of protection for those drugs, according to University of Ottawa law professor Michael Geist, He said the longer period would likely result in higher drug prices and higher healthcare costs in Canada..