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  • Jan 22- United Continental Holdings Inc provided a bullish outlook for the coming year on Thursday in part because of lower fuel costs, sending shares up even though its fourth-quarter profit fell short of expectations. "That would be starting off the year on a very, very strong note," said CRT Capital Group analyst Michael Derchin, adding that he could not recall...

  • DETROIT, Jan 22- The Obama administration on Thursday will unveil a change to its safety ratings program that awards cars and trucks up to five stars in crash tests, the Detroit News reported. The head of the U.S. National Highway Traffic Safety Administration, Mark Rosekind, said the change in the five-star New Car Assessment program will be announced by...

  • Jan 22- United Continental Holdings Inc said on Thursday that its profit was $28 million last quarter, falling short of analysts' estimates. The Chicago- based airline earned $461 million, or $1.20 per diluted share, excluding $433 million in special costs largely from settling losing fuel hedges and from a voluntary buyout for flight attendants.

  • Sanctions sap allure of Russia's Arctic shipping route Thursday, 22 Jan 2015 | 6:58 AM ET

    OSLO/ STOCKHOLM, Jan 22- Western sanctions on Russia are restricting the Arctic shipping route along its north coast to domestic cargoes and energy exports with many foreign firms staying away after test voyages on a fabled short-cut between Europe and Asia. Now it seems that reality is kicking in, "said Bjorn Gunnarsson, managing director of the Centre for High...

  • VANCOUVER, Jan 21- The government of Alaska said on Wednesday that it had canceled the overhaul of a ferry terminal in British Columbia "for the time being," after the $15 million project became a trade dispute with Canada over "Buy America" provisions. The state, which operates the terminal as part of its Alaska Marine Highway System, said it will maintain operations...

  • Oodles of noodles close North Carolina highway Wednesday, 21 Jan 2015 | 6:07 PM ET

    The North Carolina Highway Patrol confirmed that a tractor-trailer carrying Ramen noodles crashed on I-95 Wednesday.

  • Uber raises $1.6 billion for expansion Wednesday, 21 Jan 2015 | 3:54 PM ET
    Uber app on a mobile phone

    Uber is setting its sights on further economic expansion after raising $1.6 billion in convertible debt.

  • In an interview with Reuters, John Wojick, Boeing's vice president for global sales& marketing, echoed a consensus among participants at a Dublin finance gathering that the slide in oil prices would not significantly undermine new jet demand. Delegates at this week's Airline Economics conference said the drop in oil could reduce the premium Boeing and rival...

  • Jan 20- With plummeting oil prices expected to cut airlines' costs by billions of dollars, Delta Air Lines Inc said Tuesday that it will channel the savings toward debt reduction and returning more cash to shareholders. Delta's shares surged 7.3 percent, making it the biggest percentage gainer in the S&P500, while American Airlines Group Inc shares rose 5.9...

  • VANCOUVER, Jan 20- Alaska can use an existing British Columbia ferry terminal for several more years if Canada enforces an order blocking so-called "Buy America" purchasing rules from being applied to its reconstruction, a state official said on Tuesday. A $15 million plan to overhaul the Prince Rupert ferry terminal, which is located in Canada, has escalated...

  • DUBLIN, Jan 20- Airlines enjoying a $100 billion windfall from lower oil prices this year are being urged not to let up on cost controls which helped them survive the recent oil price boom. Gerry Laderman, treasurer at United Continental Holdings, said that if oil prices stayed low, airlines could find themselves generating more cash than they expected.

  • DUBLIN, Jan 20- The Irish government will "exercise great caution" in evaluating whether a bid for Aer Lingus by the owner of British Airways is in the country's best interest, its transport minister said on Tuesday. British Airways owner International Airlines Group has had two bids for Aer Lingus rejected in recent weeks and is widely expected to make a third bid,...

  • DUBLIN, Jan 20- The Irish government will "exercise great caution" in evaluating whether a bid for Aer Lingus by the owner of British Airways is in the country's best interest, its transport minister said on Tuesday. The Irish government is the second largest shareholder in Aer Lingus with 25 percent, a stake it maintained when it privatised the airline in order to...

  • Trains to La Guardia Airport may finally come Tuesday, 20 Jan 2015 | 1:34 PM ET
    LaGuardia Airport, New York City

    New York Gov. Andrew Cuomo proposed the first mass transit link to an airfield long lamented for its isolated location in Queens, the NYT reports.

  • Ted Christie, chief financial officer at low-cost carrier Spirit Airlines, said airlines had "very expensive systems and people thinking about how to maximise revenue, and they should do that regardless of the oil price." Politicians and consumer groups in the United States and Europe have called on airlines to cut fares. And on Jan. 7, as North Sea oil prices hit a...

  • Jan 20- Delta Air Lines Inc said on Tuesday it lost $712 million in the fourth quarter largely due to fuel hedge settlements, although the carrier topped analysts' estimates and offered positive outlook for the start of 2015.. The Atlanta- based carrier lost 86 cents per diluted share, including a $1.2 billion charge for mark-to-market adjustments on fuel hedges,...

  • Delta Air Lines posts 4th-qtr loss after fuel hedging Tuesday, 20 Jan 2015 | 8:09 AM ET

    Jan 20- Delta Air Lines Inc said on Tuesday it lost $712 million last quarter largely due to fuel hedge settlements, although the carrier topped analysts' estimates. For the fourth quarter, the Atlanta- based carrier lost 86 cents per diluted share, including a $1.2 billion charge for mark-to-market adjustments on fuel hedges, which Delta had previously...

  • VANCOUVER, Jan 19- The Canadian government signed an order on Monday blocking the United States from applying controversial "Buy America" purchasing rules on the demolition and reconstruction of a ferry terminal that is located on Canada's Pacific Coast but operated by Alaska's Department of Transportation. The state of Alaska has refused to waive the...

  • Oil price fall gives lease of life to old planes Monday, 19 Jan 2015 | 4:03 PM ET

    "We are seeing a big pick-up in demand for aircraft we thought we would scrap," Aengus Kelly, chief executive of AerCap, told the Airline Economics conference in Dublin. AerCap, the world's largest independent leasing company, has recently leased out older passenger aircraft and freighters such as Airbus A340s, Boeing 747 s and 757 s, rather than sending them to be...

  • Uber's 'amateur' taxi drivers  Monday, 19 Jan 2015 | 11:40 AM ET

    With Uber eyeing a huge European expansion, Steve McNamara, general secretary of the Licensed Taxi Drivers Association, says he's convinced that the firm's operations in London are "not legal" and that Uber "employs a lot of amateurs, who want to be taxi drivers."

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