Business Briefs – February 9, 2017

Lobbyist: President Trump Supports Privatizing Air Traffic Control

WASHINGTON (AP) – A top airline industry lobbyist says President Donald Trump was “extraordinarily positive” when airline executives urged him to support privatizing America’s air traffic control system. Nick Calio, president and CEO of Airlines for America, said after a White House meeting between Mr. Trump and airline and airport executives that he expects the president will back legislation to spin off air traffic control operations from the Federal Aviation Administration.

Pension Crisis Forces Puerto Rico Retirees to Rethink Future

SAN JUAN, Puerto Rico (AP) – Retirement in Puerto Rico once meant carefree days at the beach and more time spent with family. But the island’s largest retirement system faces a $40 billion deficit and is expected to collapse next year, threatening to plunge into poverty a quickly growing elderly population

Yum Blames Pizza Hut’s Problems On Weak Image For Delivery

NEW YORK (AP) – Yum says Pizza Hut’s sales fell in the U.S., and that the chain needs to have a stronger reputation for delivery. The company noted that higher sales at KFC and Taco Bell came despite the competitive industry. Yum spun off its China division last year.

Kellogg CEO: No ‘Discernible’ Impact From Online Boycott

NEW YORK (AP) – Kellogg says it saw no “discernible” effect from an online boycott spurred by its decision to pull ads from a website formerly run by one of President Trump’s top aides.

CEO John Bryant said it’s difficult to gauge the impact of such consumer actions given the volume of its sales, but that the company did not see any effect it could attribute to the boycott. Kellogg had announced its decision in late November to pull ads from Breitbart.