Why pacific Is Trending Today?

Cathay Pacific to Cut 8,500 Jobs and Retire Older Aircraft; Hong Kong Carrier Posts HK$2.36 Billion Loss in First Half; Cathay Pacific's Parent Company Swire Pacific Posts HK$1.57 Billion Loss.

Qatar Airways has decided to sell its entire 9.6% stake in Hong Kong-based Cathay Pacific, valued at approximately $897 million. Cathay Pacific has agreed to repurchase these shares, marking the end of Qatar Airways' eight-year involvement in the airline.

Union Pacific and Norfolk Southern merge to form America's first transcontinental railroad.

Union Pacific proposes $85 billion merger with Norfolk Southern to create the first transcontinental railroad network in the U.S.