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Thomas Black

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GENERAL ELECTRIC CO. reported a $22.9 billion net loss for the third quarter. The company said this was largely due to a $22 billion non-cash goodwill impairment related to GE Power. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

GE posts major loss, slashes dividend, revamps power as new CEO...

NEW YORK - General Electric Co. slashed its quarterly dividend to just a penny a share and outlined a reorganization of its troubled power...
SALES OF NEW PRIVATE JETS increasing as inventory in the used private-jet market is tightening. Above, the Cessna Citation Latitude business jet. /BLOOMBERG FILE PHOTO/ORE HUIYING

At $9.7M a pop, private jets are luring buyers again

NEW YORK - If anyone’s looking for further evidence of a strong economy, here’s a sign: Wealthy individuals and companies are starting to snap...
DRONE PILOTS have seen a precipitous fall in the going rate of commercial drone flights as technology lowers the barrier for entry and the market becomes more crowded. / BLOOMBERG FILE PHOTO/ JAMES MACDONALD

Drone pilots’ $2,000 pay tumbles 90% in `race to the bottom’

NEW YORK - Andy Trench made $2,000 a day in 2015 taking sky-high photographs along the East Coast with a drone he made himself....
ON SUNDAY, police nationwide began enforcing rules requiring most big rigs to use electronic logging devices to record driver hours. / BLOOMBERG FILE PHOTO/T.J. KIRKPATRICK

Trucking prices set for new surge as U.S. keeps tabs on...

NEW YORK - A United States trucking shortage that has pushed up freight costs for everything from cereal to toothbrushes is about to get...
HELICOPTER DELIVERIES will rise for a second year, extending a modest rebound after hitting a low in 2016. Sales hit a peak in 2013. / COURTESY BELL HELICOPTER

Helicopter deliveries to climb for second year, Honeywell says

NEW YORK - Helicopter deliveries will rise for a second year, extending a modest rebound after hitting a low in 2016 amid a decline in...
PRIVATE JET PRODUCTION has outpaced demand creating a buyers market for used jets. Above, a Citation Sovereign + from the Cessna branch of Textron Inc. / COURTESY TEXTRON INC.

Private-jet glut spurs ‘insane’ bargains for aspiring buyers

NEW YORK - Corporate-jet makers are flooding the market, spurring deep discounts for new aircraft and fueling a three-year slide in prices of used...
SHARE OF most building-materials makers have outpaced the S&P 500 Index since the U.S. election. / COURTESY BLOOMBERG

Mexican cement maker poised to profit from Trump’s wall

MEXICO CITY - President Donald Trump’s plans to build a Mexican border wall are boosting the prospects of builders and material suppliers from Alabama...
CORPORATE JET deliveries have not recovered since the Great Recession. / COURTESY BLOOMBERG

They’re giddy in the private-jet industry at dawn of Trump era

DALLAS - Ever since the U.S. presidential election, Ed Dahlberg has pretty much had a smile on his face. He brokers the sale of...

Delta system failure marks wake-up call for airline industry

(Updated 9:06 a.m.) ATLANTA - The failure of Delta Air Lines Inc.’s worldwide computer network this week spotlights the vulnerability of the information systems sustaining...

Sturm Ruger, Smith & Wesson climb following Orlando massacre

DALLAS - Gunmakers’ shares jumped following the massacre at an Orlando, Fla., nightclub that left at least 50 people dead.Sturm Ruger & Co. climbed...
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