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  • AirAsia faces biggest crisis as jet goes missing Sunday, 28 Dec 2014 | 8:48 AM ET

    SINGAPORE/ KUALA LUMPUR, Dec 28- AirAsia was built up from two planes in 2001 to an airline industry titan that operates more than 180 jets in just over a decade but now faces its biggest ever challenge. A dream run for the airline and its flamboyant boss, Tony Fernandes, turned sour on Sunday, as Indonesia AirAsia reported an Airbus 320-200 with 162 people on board...

  • Rescuers struggle to reach burning ferry off Greece Sunday, 28 Dec 2014 | 6:43 AM ET
    The 'Norman Spirit' - a ferry in the same class as the 'Norman Atlantic'. LD Lines does not operate the route on which the Italian ferry caught fire.

    Rescuers struggled to reach a ferry carrying around 500 passengers that caught fire off the coast of Greece amid high winds and rough seas.

  • Airbus says missing AirAsia plane was delivered 2008 Sunday, 28 Dec 2014 | 5:54 AM ET

    PARIS, Dec 28- The AirAsia aircraft that went missing on Sunday on its way to Singapore from Surabaya in Indonesia was delivered to its operator in 2008 and had recorded 23,000 flight hours on 13,600 flights, manufacturer Airbus said in a statement. Indonesia AirAsia Flight QZ8501, an Airbus 320-200 with 162 people aboard, lost contact with Jakarta air traffic...

  • AUSTIN, Texas, Dec 26- With high-speed rail in the United States long on plans and short on construction, a Texas company is aiming to fast-track service between Dallas and Houston. The Texas Central Railway Company plans to use private investment and Central Japan Railway bullet train technology to run a line between two of the largest U.S. cities.

  • *Japan Post President: no comment on scale of offering. TOKYO, Dec 26- Government-owned Japan Post Holdings Co Ltd said it plans to list in the second half of the next business year and its bank and insurance units. Japan Post President Taizo Nishimuro declined to comment on the potential scale of the offering, saying that would be determined by market conditions at...

  • Ouch! Aston Martins recalled for smoldering seats Wednesday, 24 Dec 2014 | 10:33 AM ET
    The V12 Vanquish S, Aston Martin

    Aston Martin has recalled 7,256 vehicles due to faulty electronic modules in their front seat heaters.

  • Oil slide 'turbocharging' airline profits: Expert Wednesday, 24 Dec 2014 | 8:58 AM ET
    Passenger at the O'Hare International Airport, Chicago.

    Airline profits are set to soar as oil prices remain suppressed when the big four are already flying high, Mark Gerchick said.

  • UPS, FedEx cap air express deliveries: Report Wednesday, 24 Dec 2014 | 6:45 AM ET
    UPS cargo planes in Louisville, KY.

    UPS and FedEx started limiting air express deliveries after an increase in packages caused some retailers to exceed agreed-upon limits.

  • South Korea prosecutors indict Uber unit: report Tuesday, 23 Dec 2014 | 11:31 PM ET
    The Uber app

    South Korean prosecutors indicted U.S. taxi-hailing service provider Uber's local unit for violating a law governing public transport, Yonhap reported.

  • Dec 23- American Airlines Group Inc said Tuesday that it plans to pay flight attendants an additional four percentage points on top of raises already averaging 10 percent, thanks to profits that have strengthened as oil prices have collapsed. Unions have called on Parker to tie employee compensation to the company's performance, but Parker has opposed...

  • China railway strategy goes off track Tuesday, 23 Dec 2014 | 8:38 PM ET
    Mechanics check a high-speed train at Xi'an Electric Multiple Unit Maintenance Base

    A decade after splitting two railroad manufacturers from the same company to promote competition, China now wants to recombine them. The Financial Times reports.

  • UPDATE 1-UPS, FedEx cap air express deliveries - WSJ Tuesday, 23 Dec 2014 | 8:20 PM ET

    Dec 23- United Parcel Service Inc and FedEx Corp started limiting air express deliveries after a last-minute increase in shipped packages caused some retailers to exceed agreed-upon limits, the Wall Street Journal reported, citing people briefed on the situation. This year, both UPS and FedEx held some retailers to their volume commitments during the final...

  • UPS, FedEx cap air express deliveries - WSJ Tuesday, 23 Dec 2014 | 8:01 PM ET

    Dec 23- United Parcel Service Inc and FedEx Corp started limiting air express deliveries after a last-minute increase in shipped packages caused some retailers to exceed agreed-upon limits, the Wall Street Journal reported, citing people briefed on the situation. This year, both UPS and FedEx held some retailers to their volume commitments during the final...

  • Dec 23- Germany's HeidelbergCement AG is negotiating to sell Hanson Building Products Ltd, a maker of concrete and clay building products, to private equity firm Lone Star Funds, according to people familiar with the matter. HeidelbergCement is weighing a sale to Lone Star as a way to shed the non-core unit more quickly than through an initial public offering,...

  • Move over, NY: This state now 3rd most populous Tuesday, 23 Dec 2014 | 12:38 PM ET
    Miami Beach, Florida.

    Florida's population surged by 293,000 between July 2013 and July 2014 to reach 19.9 million, according to U.S. Census Bureau.

  • Instant analysis: Trading the monster GDP beat Tuesday, 23 Dec 2014 | 9:13 AM ET
    Caterpillar

    Here are the best day and month trades for a GDP revision that beat expectations.

  • BEIJING, Dec 23- Investor Warren Buffett's NetJets Inc has been caught by surprise by headwinds in China amid Beijing's austerity drive and a slowing economy, the business aircraft supplier's chief executive officer said. Less than three months after NetJets won regulatory approval to provide charter services in China, business in and around China is...

  • NEW YORK, Dec 23- Some major U.S. airlines including Delta and Southwest are rushing to finance losing bets on oil and revamp fuel hedges as tumbling crude prices leave them with billions of dollars in losses, according to people familiar with the hedging schemes. But now, carriers such as Delta Air Lines and even Southwest Airlines, known for a successful hedging...

  • US port employers seek mediation in dockworker talks Monday, 22 Dec 2014 | 9:20 PM ET
    A longshoreman walks on bags of rice in a cargo ship at the Port of West Sacramento in California

    Shipping lines and terminal operators at 29 U.S. West Coast ports requested federal mediation on Monday in their contract talks with the union for 20,000 dockworkers.

  • LOS ANGELES, Dec 22- Shipping lines and terminal operators at 29 U.S. West Coast ports requested federal mediation on Monday in their contract talks with the union for 20,000 dockworkers, saying the two sides remain far from a deal after seven months of negotiations. The International Longshore and Warehouse Union has so far resisted previous calls by the...

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