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United Continental to offer 13 percent pay increase to pilots: Bloomberg

The 2016 increase would be followed by annual increases of 3 percent and 2 percent, Bloomberg said. Reuters reported last week that the second-largest U.S. airline by capacity and its pilots union had reached an agreement in principle to extend the labor contract that covers United's more than 12,000 pilots by two years. United's contract with the Air Line Pilots Association International (ALPA) had been due to

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United Continental to offer 13 percent pay increase to pilots: Bloomberg

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VW maintains $7 billion of provisions despite simple emissions fix

Volkswagen will not lower planned provisions of 6.7 billion euros ($7.1 billion) for the costs of its diesel emissions scandal, though the technical fix for 8.5 million cars in Europe have turned out to be simpler than expected. VW is seeking as much as 20 billion euros ($21.18 billion) in funding …

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VW maintains $7 billion of provisions despite simple emissions fix

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U.S. new home sales rebound strongly in October

September's sales pace was revised down to 447,000 units from the previously reported 468,000 units. Economists polled by Reuters had forecast new home sales, which account for about 8 percent of the housing market, rebounding to a rate of 500,000 units.

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U.S. new home sales rebound strongly in October