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  • Air Force Secretary Deborah James last week said the Air Force expects to finalize the terms of the competition by the end of May, and could award contracts for prototypes of new U.S.-fueled launch vehicles as early as September. The current sole launch provider, United Launch Alliance, a joint venture run by Lockheed Martin Corp and Boeing Co, is working on a new...

  • May 5- Southwest Airlines Co said Tuesday that it has reached a tentative agreement with the Transport Workers Union 550, the union that represents its 250 dispatchers who help oversee flight operations. The tentative deal provides "adjusted wage-scale increases" and would extend the dispatchers' contract for four years, the company said in a statement.

  • Sheikh Ahmed bin Saeed Al Maktoum, Emirates' chairman and CEO, said in an interview that several American cities have asked Emirates to launch routes connecting them with its ever-expanding hub in Dubai. He declined to name the potential destinations, citing competitive reasons and confidentiality agreements, but said the Dubai government-backed carrier...

  • May 5- JetBlue Airways Corp and Amazon.com Inc have agreed to stream television, movies and music from the Internet retailer in-flight, broadening travelers' entertainment options, the companies said Tuesday. The service will be available on a majority of JetBlue's aircraft this year via the airline's free Wifi, so passengers can use their laptops and mobile...

  • Granite Construction reports 1Q loss Tuesday, 5 May 2015 | 8:48 AM ET

    WATSONVILLE, Calif. _ Granite Construction Inc. on Tuesday reported a loss of $8.6 million in its first quarter. The average estimate of six analysts surveyed by Zacks Investment Research was also for a loss of 22 cents per share. Granite Construction shares have declined 10 percent since the beginning of the year.

  • WestJet Airlines beats 1Q profit forecasts Tuesday, 5 May 2015 | 6:42 AM ET

    Calgary, Alberta _ WestJet Airlines Ltd. on Tuesday reported first-quarter profit of $111.3 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share. WestJet Airlines shares have dropped 16 percent since the beginning of the year.

  • Its operating loss of 167 million euros compared with a 240 million-euro deficit a year ago. Once everything is accounted for, Lufthansa said Tuesday that it returned to profit during the period thanks to a 503 million-euro one-off gain as the airline accounted for realized gains on shares in U.S. airline JetBlue. Net profit came in at 425 million euros, an...

  • Brazil weighs investigating ex-leader Silva Monday, 4 May 2015 | 4:21 PM ET

    RIO DE JANEIRO— Federal prosecutors in Brazil confirmed Monday that they are weighing whether to open a full investigation into former President Luiz Inacio Lula da Silva's alleged overseas lobbying efforts for the scandal-plagued construction firm Odebrecht, the nation's biggest builder. In an emailed statement, the federal prosecutors' office said it...

  • DES MOINES, Iowa— Iowa's executive branch agreed Monday to pay an additional $7 million to a key contractor that worked on the state's new prison, avoiding litigation in one dispute arising from the long-delayed project. The State Appeals Board approved the settlement with Walsh Construction, which was selected in 2010 as general contractor for the new 800-...

  • The Department of Transportation said Monday that airlines collected $3.5 billion in bag fees last year, a 5 percent increase over 2013, and $3 billion in reservation-change fees, a 6 percent hike. Southwest still lets customers check two bags or change a reservation for free; it gets 95 percent of revenue from the ticket price. Charlie Leocha of the Consumer...

  • VANCOUVER, British Columbia— A U.S. passenger flight has made an emergency landing at Vancouver International Airport. Alaska Airlines Flight 76 was en route from Juneau, Alaska to Seattle, Washington, when problems arose with one of the plane's two electrical systems. The Boeing 737-400 touched down in Vancouver shortly before 5 p.m. local time on Sunday.

  • California port truckers end strike after four days Friday, 1 May 2015 | 5:36 PM ET

    LOS ANGELES, May 1- Southern California port truckers seeking recognition as employees rather than contractors ended a strike of freight-hauling companies on Friday after four days of picketing that drew attention to their cause but did little to disrupt cargo shipments. Several hundred drivers, backed by the Teamsters union, struck four trucking firms...

  • May 1- The U.S. Nuclear Regulatory Commission said on Thursday it will issue a license soon to DTE Energy Co to build a new reactor at its Fermi nuclear power plant in Michigan. DTE proposed a 1,600- megawatt Economic Simplified Boiling Water Reactor built by General Electric Co and Hitachi Ltd. The license would be the first for an ESBWR reactor.

  • WASHINGTON, May 1- U.S. construction spending fell in March to a six-month low as outlays on private residential construction spending declined sharply, which could add to concerns about the economy's ability to rebound strongly from the first-quarter's soft patch. Construction spending slipped 0.6 percent to an annual rate of $966.6 billion, the lowest...

  • US construction spending drops 0.6 percent in March Friday, 1 May 2015 | 10:00 AM ET

    WASHINGTON— U.S. construction fell in March as an increase in nonresidential construction was offset by declines in home building and government projects. Construction spending dropped 0.6 percent to a seasonally adjusted $966.6 billion in March after a flat reading in February, the Commerce Department reported Friday. Construction activity has fallen...

  • Ahead of the Bell: US construction spending Friday, 1 May 2015 | 6:58 AM ET

    WASHINGTON— The Commerce Department reports on U.S. construction spending in March. The report will be issued at 10 a.m. EDT Friday. BUILDING UP: The expectation is that construction spending increased 0.5 percent in March, according to a survey of economists by data firm FactSet.

  • LISBON, Portugal— Pilots at Portugal's state-owned national airline have begun a 10- day strike, forcing flight cancellations as they press their demand to be given up to a 20 percent stake in the company when it is privatized later this year. The Civil Aviation Pilots' Union, which represents a majority of the flag carrier's more than 900 pilots, is also demanding...

  • KUALA LUMPUR, May 1- Malaysia's national carrier Malaysia Airlines is planning to sell off some of its aircraft as part of its restructuring efforts, aviation news website Flightglobal reported. After two air disasters and years of losses, the national carrier was taken private last year by Malaysian sovereign wealth fund Khazanah Nasional Bhd under a...

  • April 30- More than 250 members of Congress have signed a letter urging the U.S. departments of state and transportation to seek consultations with Qatar and the United Arab Emirates over subsidies the states have allegedly given Gulf airlines. The letter, sent Thursday, adds to political pressure on the Obama administration since three U.S. airlines first...

  • A V Homes reports 1Q loss Thursday, 30 Apr 2015 | 5:21 PM ET

    SCOTTSDALE, Ariz. _ A V Homes Inc. on Thursday reported a loss of $5 million in its first quarter. A V Homes shares have climbed slightly more than 8 percent since the beginning of the year. Keywords: A V Homes, Earnings Report.