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FRANKFURT, July 18- The European Aviation Safety Agency urged airlines on Friday to avoid flying over eastern Ukraine following the downing of a Malaysia Airlines flight in the region. EASA said in a statement its safety notice affected the Simferopol and Dnepropetrovsk regions of Ukraine.
President Barack Obama demanded Russia stop supporting separatists in eastern Ukraine after the downing of a Malaysian airline by a surface-to-air missile he said was fired from rebel territory raised the prospect of more sanctions on Moscow.
The probability that a missile downed Flight MH17 prompts questions on whether the plane should have flown over a war-torn area. NBC News reports.
July 18- Railroad operator Kansas City Southern reported higher-than-expected quarterly revenue as it shipped more agriculture products and automobiles. Kansas City Southern operates on a unique, north-south route in central U.S. and derives half of its annual revenue from cross-border business with Mexico.
July 18- Railroad operator Kansas City Southern reported higher quarterly net income and revenue, helped by a jump in agriculture and automotive shipments. Net income available to common stockholders jumped to $129.8 million, or $1.18 per share, in the second quarter ended June 30, from $15.4 million, or 14 cents per share, a year earlier.
FedEx was indicted for shipping packages from illegal online pharmacies despite repeated warnings from U.S. drug enforcement officials.
We take a look at details around the black box, alleged missile attack and flight route of Malaysia Airlines flight MH17 before the crash.
SINGAPORE, July 18- The second fatal incident involving Malaysia Airlines in four months will deepen the slump in ticket sales and force the government to speed up any plan to rescue the stricken flagship carrier, bankers say.
*Qantas, Air Berlin among airlines to shift route ahead of crash. SYDNEY, July 18- Airlines including Qantas Airways and Air Berlin altered their flight paths months ago to avoid Ukrainian air space after fighting flared up in the region, raising questions about why others did not do the same.
KUALA LUMPUR, July 18- Malaysian Airlines System Bhd shares fell sharply on Friday after one of its planes was downed over Ukraine, putting more pressure on a carrier still reeling from the disappearance of Flight MH370 in March.
EDINBURGH, July 18- European stocks fell on Friday, extending losses made late in the previous session after a passenger plane was shot down over eastern Ukraine, fuelling tensions between Russia and the West. Airline stocks such as Deutsche Lufthansa and Ryanair were 1.5 percent lower, as major travel companies rerouted flights to avoid Ukranian airspace.
NEW YORK, July 17- Insurance on the Malaysian airliner brought down over Ukraine is likely to pay out relatively quickly if the cause of the crash is determined, but observers say insurance for the loss of 298 lives and other liability could be complex and lengthy.
TOKYO, July 18- The yen hit a five-month high versus the euro on Friday and held some of its overnight gains against the dollar as investors saw the currency as a safe haven after the downing of an airliner over Ukraine and the Gaza conflict stoked geopolitical tension. The Malaysian Airlines passenger jet was brought down over eastern Ukraine.
"This action expands a prohibition of U.S. flight operations issued by the FAA in April, over the Crimean region of Ukraine and adjacent areas of the Black Sea and the Sea of Azov," the agency said. Earlier in the day, the FAA said American air carriers had voluntarily agreed to avoid flying through airspace near Russia's border with Ukraine after the crash.
KUALA LUMPUR, July 18- Malaysian Airlines System Bhd shares fell sharply on Friday on news one of its planes was downed in Ukraine, raising pressure on the state-run carrier to try to restore investor confidence after the second major disaster in months.
SYDNEY, July 18- Australia's Qantas Airways, Korea Air Lines Co Ltd and Asiana Airlines Inc said on Friday they shifted flights operating over Ukrainian air space months ago amid increasing tensions between Kiev and pro- Moscow rebels.
SAN FRANCISCO, July 17- FedEx Corp was indicted on Thursday for shipping packages from illegal online pharmacies despite repeated warnings from U.S. drug enforcement officials, according to a court filing. FedEx allegedly gained at least $820 million from the conspiracy, the filing said, and could be fined up to twice that amount.
WASHINGTON, July 17- American air carriers have agreed to avoid flying through airspace near Russia's border with Ukraine after a Malaysia Airlines plane carrying 295 people crashed in the area on Thursday, the U.S. Federal Aviation Administration said.
NEW YORK, July 17- Insurance on the Malaysian airliner brought down over Ukraine on Thursday is likely to pay out relatively quickly, provided that the cause of the crash is firmly determined, but observers say insurance for the loss of 295 lives and other liability will likely be complex and lengthy.
VICE PRESIDENT BIDEN SAYS MALAYSIA AIRLINES JET WAS SHOT DOWN, "NOT AN ACCIDENT, BLOWN OUT OF THE SKY".
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