The Denver Post - - BUSINESS -

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.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.