UNITED AIRLINES CEO MUÑOZ UNDERGOES HEART TRANSPLANT
The CEO of United Airlines, who has been on medical leave since October, underwent a heart- transplant operationWednesday, and the airline said he is recovering.
United said it expects Oscar Muñoz to return to work this spring. The airline said the transplant was “considered the preferred treatment and was not the result of a setback in his recovery.” The airline did not provide more details, including where the transplant was performed.
Muñoz, 57, is a former Qwest Communications consumer division chief who left the troubled Denver company in 2001. He joined United from CSX Corp.
B san francisco » Apple fans keep buying iPhones, butWall Street keeps worrying the company won’t be able to match last year’s blistering sales pace.
Shares in the world’smost valuable company have fallen more than 15 percent in the past month amid a drumbeat of news reports that some Asian parts suppliers are expecting Apple to trim orders for its signature smartphone this winter. Even an upbeat report from Apple announcing that its online App Store set a sales record last week failed to boost the stock. Its shares fell just under 2 percentWednesday and closed at $ 100.70.
Apple stock slumps Netflix expands to 130 more countries. Netflix has crossed off the biggest
item on its list of New Year’s resolutions. The Internet video service debuted in 130 countries Wednesday in a surprise move likely to reel in millions of new subscribers. CEO Reed Hastings revealed the scope of Netflix’s expansion at the end of a presentation in Las Vegas at CES.
SolarCity cuts 550 jobs in Nevada.
SolarCity Corp. plans to eliminate more than 550 jobs in Nevada, most of its employees in the state, after regulators approved new utility fees on solar rooftops.
The biggest U. S. rooftop solar provider will relocate some employees to “business friendly” states that don’t impose similar charges, San Mateo, Calif.- based SolarCity said in a statementWednesday. This is the first significant cut in staffing for SolarCity, which has grown rapidly in recent years.
VW exec hopes for U. S. fixes soon
B las vegas » The top executive of the Volkswagen brand worldwide says he’s optimistic that U. S. environmental regulators will approve fixes within the coming weeks or months for diesel engines that cheat on emissions tests. Brand CEO Herbert Diess said Tuesday night at the CES gadget show that the company is having constructive discussions with the U. S. Environmental Protection Agency and the California Air Resources Board. But the EPA issued a statementWednesday saying that talks withVWso far “have not produced an acceptable way forward.”
TransCanada sues over pipeline
B houston » TransCanada, the Canadian company that proposed the Keystone XL oil pipeline, has filed lawsuits seeking more than $ 15 billion damages over theU. S. government’s rejection of the project and saying it plans a second legal challenge.