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  • SKorean prosecutors to arrest 'nut rage' official Wednesday, 24 Dec 2014 | 12:42 AM ET

    Cho, the daughter of the Korean Air chairman, earlier this month resigned as vice president at the airline and all roles from the airline's affiliates as public outrage mounted over her behavior. Chang Man-yong, a transport ministry official, said the ministry had asked prosecutors to investigate a transport ministry official suspected of leaking secrets...

  • South Korea prosecutors indict Uber unit: report Tuesday, 23 Dec 2014 | 11:31 PM ET
    The Uber app on a mobile phone in Madrid, Spain.

    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...

  • SKorean prosecutors to arest 'nut rage' official Tuesday, 23 Dec 2014 | 9:38 PM ET

    Cho, the daughter of the Korean Air chairman, earlier this month resigned as vice president at the airline and all roles from the airline's affiliates as public outrage mounted over her behavior. Chang Man-yong, a transport ministry official, said the ministry had asked prosecutors to investigate a transport ministry official suspected of leaking secrets...

  • 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...

  • Final Glance: Airlines companies Tuesday, 23 Dec 2014 | 6:06 PM ET

    Delta Air fell$. 28 or. 6 percent, to $47.13. JetBlue Airways Corp. fell$. 11 or. 7 percent, to $15.29. Southwest Airlines Co. fell$. 28 or. 7 percent, to $40.98.

  • American Airlines reaches deal with Envoy pilots Tuesday, 23 Dec 2014 | 4:16 PM ET

    American Airlines Group Inc. and the pilots of Envoy Air have reached a contract agreement after a year-long dispute. The airline and the pilots union said Tuesday that the new 10- year agreement includes an up-front cash payment for current Envoy pilots, a commitment for new aircraft, and an arrangement that would allow Envoy pilots to be hired at American...

  • 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,...

  • American offers 4 percent raise to its employees Tuesday, 23 Dec 2014 | 2:46 PM ET

    American Airlines CEO Doug Parker is rewarding employees who have already reached new labor agreements with the company with an extra 4 percent raise. The raise, which is added to employee's base salaries, will also go to all managers below the level of director. American notes that if pilots accept their offer, their salaries would be 7 percent higher than...

  • Southwest jet loses wingtip in airport brush up Tuesday, 23 Dec 2014 | 1:29 PM ET
    File photo of Southwest airplanes

    A Southwest Airlines plane lost part of its wing after it made contact with an American Airlines jet at New York's LaGuardia Airport.

  • Midday Glance: Airlines companies Tuesday, 23 Dec 2014 | 1:22 PM ET

    Delta Air fell$. 07 or. 1 percent, to $47.34. JetBlue Airways Corp. fell$. 04 or. 3 percent, to $15.36. Southwest Airlines Co. fell$. 20 or. 5 percent, to $41.06.

  • Southwest jet loses wingtip in airport brush up Tuesday, 23 Dec 2014 | 12:56 PM ET

    The left winglet— a vertical fin at the tip of a wing designed to improve airflow and fuel efficiency— was ripped off the Southwest plane after it made contact with the American jet's left horizontal stabilizer, part of the tail. Southwest refused to say if the airline also had workers on the tarmac assisting its pilots, or if that was required by company policy.

  • 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.

  • Federal mediators offer help in port labor dispute Tuesday, 23 Dec 2014 | 11:29 AM ET

    LOS ANGELES— Federal mediators have offered to get involved in negotiations to resolve a labor dispute between longshoremen and shipping lines that threatens to disrupt movement of goods through West Coast ports. The offer follows a request for mediation from the Pacific Maritime Association, which represents shipping lines and cargo terminal operators.

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

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

  • Prosecutor: Guns were smuggled aboard US airliners Tuesday, 23 Dec 2014 | 7:07 AM ET

    NEW YORK— A brazen scheme in which guns— even an AK-47 rifle— were taken onto passenger jets for years in carry-on luggage was described by a Brooklyn prosecutor Tuesday as a terrorism threat that should cause the airline industry to end the practice of letting some workers enter airports without security screening. Thompson's comment came as he described a...

  • 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...

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