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Empty seats at an airport departure gate in silhouette against a floor-to-ceiling window at dusk.

Twenty-Five Years Later, One Rule Has Been Given Back

From this week, TSA PreCheck members without a ticket can apply to pass through security and wait at the gate, at thirteen airports to start. It is a small programme with an application form attached. It is also the first piece of the September 2001 security settlement to be handed back rather than added to.

Throttle levers on an airliner flight deck, reverse-thrust markings visible, instrument panels lit beyond.

They Called the Speed a Hundred and Two Seconds Before the Crash

The cockpit voice recorder from the Miami overrun runs to more than two hours of good audio. About a minute and forty-two seconds before impact, a pilot said the aircraft was going too fast, and kept saying so. The go-around was called seconds before the end. The gap between those two moments is the investigation.

An empty airport runway at dusk, approach and centreline lights lit, seen down its length.

Going Around After Touchdown Does Not Add an Option. It Removes One.

The NTSB says the 767 at Miami touched down on its nose and right main gear at 158 knots, that the left main did not touch for another eleven seconds, and that the crew then released the brakes and pushed the throttles to go-around thrust before abandoning the attempt. No reversers. No speed brakes. It overran by 1,300 feet.

A blue industrial robot arm working alongside automated tooling on a factory production line.

Four Thousand Jobs, and None of Them on the Line

Jaguar Land Rover confirmed the cuts on Monday. They are voluntary, they are salaried and management, and they are non-production. This paper said on Saturday that the thing to watch was which functions. That is the answer, and it is not the one the week's reporting had prepared people for.

A Lufkin pumpjack with a red counterweight head, yellow beam and teal frame behind a chain-link fence on snow-covered ground, with spruce trees and a clear blue sky behind.

Ovintiv Will Pay About $890 Million for Logan Energy, or $44,500 for Each Barrel a Day It Produces. By Its Own Benchmark, $340 Million of That Is for Wells Not Yet Drilled.

Ovintiv said on 26 October that it will buy Logan Energy, a Montney oil producer, for C$1.40 a share in cash, about $890 million (C$1.26 billion) including net debt. Logan produces about 20,000 barrels of oil equivalent a day. The deal needs Logan shareholder, court and regulatory approval and is expected to close early in 2027.

The granite entrance of the Daniel Patrick Moynihan United States Courthouse at 500 Pearl Street, with its name in gold letters above bronze doors and bollards along the pavement.

The FTC Says Martin Shkreli Traded Shares in at Least 60 Drug Companies Despite a Lifetime Ban. It Wants His Profits, With No Offset for Losses.

The Federal Trade Commission and seven states asked a federal judge in Manhattan on Tuesday 13 October to hold Martin Shkreli in civil contempt of the 2022 order banning him from the pharmaceutical industry for life. They allege he has traded shares in more than 60 drug companies since leaving prison and promoted short positions on livestreams. The court has not ruled, and no response from Shkreli or his lawyers had been reported.

A single-storey Wells Fargo bank branch with the company's gold lettering above the entrance, under a clear blue sky.

Wells Fargo Beat on Earnings and Missed on Revenue. Its Capital Ratio Fell to 10.0 Per Cent as Its Unrealised Losses Doubled.

Wells Fargo earned $5.95 billion, or $1.87 a share, in the third quarter, above the $1.85 average estimate, but revenue of $21.87 billion was below the $22.15 billion analysts expected, according to the Associated Press. Its CET1 ratio fell to 10.0 per cent from 10.3 per cent in three months, as its accumulated other comprehensive loss rose from $8.3 billion to $16.5 billion.

An oil pump jack with an orange horsehead standing in a green field, with a river valley and farmland behind it.

Cenovus Will Pay C$12 a Share for Athabasca Oil, a 14 Per Cent Premium. Athabasca's Shares Ended the Week Above the Offer.

Cenovus Energy agreed on 5 October to buy Athabasca Oil for C$12.00 a share in cash and Cenovus stock, an implied enterprise value of C$5.7 billion. Athabasca puts the equity value at about C$5.8 billion and the premium at 14 per cent to its 20-day average price. Athabasca shareholders vote in late November, and the deal is not expected to close until December.

The Lower Manhattan skyline seen across the water under a blue sky.

JPMorgan Reports Tuesday After a Quarter With $5.6 Billion of One-Off Gains. Analysts Expect Revenue of About $51 Billion.

JPMorgan Chase will report third-quarter results at about 7:00 a.m. Eastern on Tuesday 13 October, opening bank earnings season. Analysts expect revenue of about $51.2 billion and earnings of $5.93 a share, according to MarketBeat. The second quarter's $58.0 billion of revenue included a $4.6 billion Visa gain and $1.0 billion of other equity gains, and nothing has been reported yet.

A white Tesla Model 3 parked on a mountain road

Tesla Beat Deliveries and Still Sold Fewer Cars

Tesla delivered 486,532 vehicles in the third quarter, beating Wall Street's estimate by 5.3 percent. It also delivered 2.1 percent fewer cars than a year ago. At 340 times trailing earnings, the stock is priced for a future the car business cannot deliver alone.