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  • Very bad week: Airline disasters come in a cluster Thursday, 24 Jul 2014 | 4:30 PM ET

    WASHINGTON— Nearly 300 passengers perish when their plane is shot out of the sky. Less than one in 2 million flights last year ended in an accident in which the plane was damaged beyond repair, according to the International Air Transport Association.

  • Final Glance: Construction companies Thursday, 24 Jul 2014 | 6:22 PM ET

    Fluor fell$. 36 or. 5 percent, to $77.43. Foster Wheeler fell$. 35 or 1.0 percent, to $33.62. Quanta Services Inc. fell$. 37 or 1.0 percent, to $34.97.

  • Obama: FAA took 'prudent action' on Israel flights Thursday, 24 Jul 2014 | 5:49 PM ET

    He noted that the FAA ban came on the heels of last week's downing of a passenger jet by a missile in eastern Ukraine. Obama says that before lifting the ban, the FAA worked with Israel on a "checklist of concerns and mitigation measures" to ensure the safety of U.S. airlines. The FAA said the ban was imposed out of concern for the risk of planes being hit by Hamas rockets.

  • Union Pacific 2Q profit chugs ahead 17 percent Thursday, 24 Jul 2014 | 9:21 AM ET

    OMAHA, Neb.— Union Pacific Corp. said Thursday that its quarterly profit climbed 17 percent as the railroad hauled 8 percent more freight and raised shipping rates. Union Pacific Chief Executive Jack Koraleski said those shipments show the economy is continuing to gradually improve, making railroad executives optimistic about the rest of the year.

  • Cruz demands answers on FAA flight ban to Israel Thursday, 24 Jul 2014 | 12:30 AM ET

    Ted Cruz vowed Thursday to continue blocking confirmation of a series of ambassadorial and other diplomatic nominees despite the Federal Aviation Administration lifting a ban on U.S. airline flights to Israel.

  • Airlines report big 2Q profits on strong demand Thursday, 24 Jul 2014 | 3:18 PM ET

    American Airlines announced Thursday that it would pay its first dividend in 34 years, and both American and United Airlines announced big plans to buy back their own stock, a strategy designed to boost the value of remaining shares.

  • United Continental Holdings also said it would repurchase $1 billion in stock. Delta Air Lines resumed a dividend and buyback last year and Southwest Airlines also pays dividends. Among the smaller carriers, Alaska Air Group pays a dividend.

  • Delta Air Lines to resume Tel Aviv flights Thursday Thursday, 24 Jul 2014 | 1:52 PM ET

    July 24- Delta Air Lines said on Thursday it plans to resume service to Ben Gurion International Airport in Tel Aviv two days after halting flights amid hostilities in the region. United Airlines earlier said that it was resuming flights to and from Tel Aviv.

  • The PHLX housing sector index fell 2.36 percent, with shares of D.R. Horton Inc, the No. 1 U.S. homebuilder, dropping more than 3 percent. D.R. Horton spooked investors on Thursday when it reported a 23- percent drop in third-quarter profit.

  • Midday Glance: Airlines companies Thursday, 24 Jul 2014 | 1:23 PM ET

    Delta Air fell$. 30 or. 8 percent, to $38.85. JetBlue Airways Corp. rose$. 02 or. 2 percent, to $11.30. Southwest Airlines Co. fell$. 01 or percent, to $28.86.

  • Midday Glance: Construction companies Thursday, 24 Jul 2014 | 1:23 PM ET

    NEW YORK— Shares of some top construction companies are down at 1 p.m.:. Foster Wheeler fell$. 23 or. 7 percent, to $33.74. Quanta Services Inc. fell$. 31 or. 9 percent, to $35.03.

  • Air Canada resumes flights to Tel Aviv Thursday, 24 Jul 2014 | 12:37 PM ET

    TORONTO— Air Canada is resuming flights to Tel Aviv after a two-day halt prompted by security concerns over rocket attacks near Israel's main airport. The airline says Flight AC84 is leaving Toronto for Tel Aviv at 6:10 EST p.m.

  • Early Glance: Construction companies Thursday, 24 Jul 2014 | 11:37 AM ET

    NEW YORK— Shares of some top construction companies are down at 10 a.m.:. Foster Wheeler fell$. 16 or. 5 percent, to $33.81. Quanta Services Inc. fell$. 30 or. 8 percent, to $35.04.

  • Early Glance: Airlines companies Thursday, 24 Jul 2014 | 11:37 AM ET

    Delta Air rose$. 08 or. 2 percent, to $39.23. JetBlue Airways Corp. rose$. 03 or. 2 percent, to $11.31. Southwest Airlines Co. fell$. 22 or. 8 percent, to $28.65.

  • Southwest reports record profit of $465M for 2Q Thursday, 24 Jul 2014 | 9:10 AM ET

    DALLAS— Southwest Airlines is reporting a record profit for the second quarter, more than doubling its earnings from a year ago. Southwest Airlines Co. is in the midst of several big changes, including phasing out the AirTran Airways brand, starting international flights on Southwest, and expansion in Dallas and other key markets.

  • US airlines to resume flights to Israel Thursday, 24 Jul 2014 | 9:22 AM ET

    The FAA's ban, imposed out of concern for the risk of planes being hit by Hamas rockets, became a hot button topic in both U.S.-Israeli diplomacy and Washington politics. Chicago- based United Airlines is set to resume service to Tel Aviv with a 4:45 p.m. eastern flight from Newark, New Jersey.

  • AP Top Extended Financial Headlines At 9:14 a.m. EDT Thursday, 24 Jul 2014 | 9:14 AM ET

    French official: Air Algerie flight carrying 116 people vanishes over northern Mali Applications for US jobless benefits dip to 284,000; lowest level since February 2006 World shares subdued despite China manufacturing as reports say EU mulls new Russia sanctions General Motors 2 Q profit falls 85 pct., drained by massive recall costs Ford's second quarter net income up 6 percent to $1.3 billion as Europe makes money again Flush with more revenue, American Airlines posts profit, declares first dividend since 1980 With summer travel season in full swing, United Airlines breaks into the black Higher fares, more full seats help push Southwest Airlines to record 2 Q profit of $465 million Wal-Mart promotes exec of Asia division Greg Foran as new CEO of Wal-Mart US stores Caterpillar 2nd- quarter profit rises, revenue falls; lifts full-year earnings forecast

  • Britain's easyJet to resume flights to Tel Aviv Thursday, 24 Jul 2014 | 8:57 AM ET

    LONDON, July 24- British low cost carrier easyJet said it will resume flights to Tel Aviv as scheduled from Friday 25 July after regulators lifted advice over flying into the Israeli airport.

  • An American Airlines plane (left) and a USAirways jetliner at Dallas-Fort Worth.

    *Adj Q2 profit of $1.98 a share compares with $1.95 estimate. American, the largest airline by traffic, which was formed from the late 2013 merger of US Airways and AMR Corp, declared a dividend of 10 cents a share for shareholders of record Aug. 4.

  • American Airlines boosts profit on higher revenue Thursday, 24 Jul 2014 | 8:45 AM ET

    FORT WORTH, Texas— Profit and revenue are up at American Airlines, and the company will share some of the gains with shareholders. American Airlines Group Inc. said Thursday that it earned a record $864 million in the second quarter, up from the $507 million that American and US Airways earned separately a year ago, before their merger.