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  • Jan 27- American Airlines Group Inc on Tuesday reported a fourth-quarter profit that topped estimates and announced a new share buyback program and quarterly dividend, as the carrier saved hundreds of millions of dollars from tumbling oil prices. American, the world's largest airline by passenger traffic since its 2013 merger with US Airways, said it earned...

  • Lockheed beats Street 4Q forecasts Tuesday, 27 Jan 2015 | 8:12 AM ET

    BETHESDA, Md. _ Lockheed Martin Corp. on Tuesday reported fourth-quarter earnings of $904 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.81 per share. Analysts expected $11.87 billion, according to Zacks.

  • Jan 27- American Airlines Group Inc said on Tuesday that its profit was $597 million last quarter, topping analysts' estimates, and announced a new share buyback program and dividend. The Fort Worth- based carrier earned $1.1 billion, or $1.52 per diluted share, excluding $507 million in special costs largely from merger and bankruptcy-related expenses.

  • FORT WORTH, Texas— American Airlines is logging record profits and rewarding shareholders just one year removed from bankruptcy court and a big merger. Much of the new competition is coming from low-cost carriers who are adding flights from cities including Philadelphia, Chicago, Washington and Dallas, American executives said. American Airlines Group Inc....

  • Dubai's airport operator released figures Tuesday showing that 70.5 million passengers streamed through the sparkling halls of Dubai International last year. Dubai Airports CEO Paul Griffiths predicts Dubai International will handle a record 79 million passengers this year as it offers "more flights connecting more people to more destinations."

  • SYDNEY/ SINGAPORE, Jan 27- Asian airlines are slashing fuel surcharges as oil prices hover at six-year lows, but passengers hoping for cheaper tickets will be disappointed as carriers are likely to bump up fares to maintain margins. Australia's Qantas Airways Ltd became the latest airline to eliminate the surcharge on Tuesday, but at the same time said it was...

  • LONDON, Jan 27- Oil shippers face higher costs and the possible loss of insurance cover on Libyan voyages, caught in a struggle between the rival governments there and threatened by air attacks. John Dalby of maritime security firm MRM, said he had prepared evacuation plans for an unnamed oil company if the situation deteriorated further, adding that attacks on...

  • Ahead of the Bell: US new home sales Tuesday, 27 Jan 2015 | 6:17 AM ET

    WASHINGTON— The Commerce Department reports on sales of new homes in December. HIGHER SALES: Economists expect a 2.7 percent increase in new-home sales to a seasonally adjusted annual rate of 450,000, according to a survey by data firm FactSet. The National Association of Home Builders/Wells Fargo builder sentiment index fell slightly this month to 57, down...

  • Aer Lingus recommends $1.5 bln offer from BA-owner IAG Tuesday, 27 Jan 2015 | 2:13 AM ET

    DUBLIN, Jan 27- Aer Lingus's board has recommended an improved 1.36 billion-euro takeover offer from International Consolidated Airlines Group, the Irish airline said on Tuesday. The new proposal by the owner of British Airways, its third in six weeks, is worth 2.55 euros per share, up from a previous 2.40 euros, and includes a cash offer of 2.50 per euros share and a...

  • BOSTON— A JetBlue flight has returned to the gate before takeoff from Boston because of an unspecified threat, but authorities say nothing hazardous has been found. Massachusetts state police spokesman David Procopio says passengers were taken off Flight 321 to Palm Beach, Florida, on Monday night. New York- based JetBlue Airways Corp. spokesman Sebastian...

  • SYDNEY, Jan 27- Qantas Airways Ltd said it would be raising base ticket prices to compensate for the axing of a separate fuel surcharge, pushing back against calls for the airline industry to lower fares in the wake of falling oil prices. Oil is now 60 percent cheaper than it was at its June peak, fuelling an anticipated near $5 billion increase in global industry...

  • SYDNEY, Jan 27- Qantas Airways Ltd said on Tuesday it is restructuring its international tariffs to absorb fuel surcharges into base fares, adding that lower oil prices put airlines in a better position to invest in new aircraft, lounges and routes. Qantas was prompted into the change by arch rival Virgin Australia Holdings Ltd, which removed its last remaining...

  • Final Glance: Airlines companies Monday, 26 Jan 2015 | 6:04 PM ET

    Delta Air fell$. 41 or. 8 percent, to $50.15. JetBlue Airways Corp. fell$. 15 or. 9 percent, to $16.40. Southwest Airlines Co. rose$. 62 or 1.4 percent, to $46.40.

  • Final Glance: Construction companies Monday, 26 Jan 2015 | 6:04 PM ET

    NEW YORK— Shares of some top construction companies were up at the close of trading:. Fluor rose$. 81 or 1.5 percent, to $55.12. Quanta Services Inc. rose$. 21 or. 8 percent, to $27.56.

  • Jan 26- United Technologies Corp on Monday cut its full-year outlook because of the negative impact of a stronger dollar even as the U.S. conglomerate reported higher quarterly earnings on a rise in profit at its aerospace businesses. United Technologies said fourth-quarter net income rose 0.7 percent to $1.47 billion from the same period a year ago.

  • Most major U.S. carriers said they would allow passengers ticketed to, from or through the Northeast on Monday or Tuesday to change their plans without getting hit by a reservation-change fee, typically $200. Home Depot said it's seeing high demand for shovels, salt, snow throwers and other suppliers throughout the mid-Atlantic up through New England.

  • In September, the National Aeronautics and Space Administration awarded contracts worth up to a combined $6.8 billion to Boeing and privately owned Space Exploration Technologies, or SpaceX, to fly crew to the station, a $100 billion research laboratory about 260 miles above Earth. NASA expects to pay an average of $58 million a seat when its astronauts begin...

  • Midday Glance: Construction companies Monday, 26 Jan 2015 | 1:53 PM ET

    NEW YORK— Shares of some top construction companies are up at 1 p.m.:. Fluor rose$. 64 or 1.2 percent, to $54.95. Quanta Services Inc. rose$. 24 or. 9 percent, to $27.59.

  • CAPE CANAVERAL, Florida— NASA expects to save millions of dollars sending astronauts to the International Space Station, once its commercial crew program starts flying in a couple of years. SpaceX and Boeing said Monday that they are on track to carry out their first manned test flights to the space station in 2017. NASA chose the two private companies last...

  • Jan 26- American Airlines Group has canceled all late afternoon and evening flights scheduled for Monday from the New York area, Philadelphia and Boston as a major winter storm bears down on the northeast, spokeswoman Andrea Huguely said. The cancellations affect flights of American Airlines, US Airways and all regional partners, Huguely said in an email.