HOUSTON, Aug 1- An asphalt maker in New Jersey became the second U.S. company to publicly confirm buying Kurdish crude oil, saying on Friday it had imported a cargo just weeks before an Iraqi lawsuit over a separate $100 million shipment offshore Texas.» Read More
Before these latest restrictions, The FAA had barred flights in Iraqi air space below 20,000 feet (6,100 m).
Delta Air fell$. 03 or. 1 percent, to $37.43. JetBlue Airways Corp. rose$. 08 or. 7 percent, to $10.80. Southwest Airlines Co. rose$. 14 or. 5 percent, to $28.42.
NEW YORK— Hewlett-Packard Co. has agreed to pay $32.5 million to settle allegations it overcharged the U.S. Postal Service for products over more than eight years. In the dispute, the United States alleged that HP failed to comply with pricing terms of its contract with the Postal Service.
Harley-Davidson is recalling more than 3,300 bikes because engine vibration can turn the switches from 'run' to 'accessory.'
WASHINGTON, Aug 1- The U.S. Federal Aviation Administration has restricted U.S. airlines from flying at or below 30,000 feet over Iraq, citing a "potentially hazardous situation created by the armed conflict" there.
DETROIT, Aug 1- The U.S. auto industry hasn't appeared so healthy for years. And yet, a minority on Wall Street and in the autos business are seeing reasons to be wary. Among those seeing a glass half empty is Morgan Stanley auto analyst Adam Jonas who says we may be heading towards what he terms "peak auto."
WASHINGTON— The Federal Aviation Administration is restricting U.S. airlines from flying at or below 30,000 feet over Iraq because of what it calls "the potentially hazardous situation created by the armed conflict" there. Iraq also has been in turmoil as militants have fought government forces.
WASHINGTON— Congress gave final approval Thursday to a $10.8 billion bill to keep federal highway funds flowing to states through the summer construction season and the fall elections. The Senate passed the House-written bill on an 81-13 vote after rejecting it earlier this week.
SHANGHAI, Aug 1- China will on Friday lift air traffic control measures imposed to allow military drills and which have caused major delays and cancellations of flights, raising concerns over airline earnings.
LONDON, Aug 1- After a legal show-down in Texas this week, the outlook for a handful of tankers holding some $300 million worth of Kurdish oil is not looking good.
Delta Air fell$. 38 or 1.0 percent, to $37.46. JetBlue Airways Corp. fell$. 36 or 3.2 percent, to $10.72. Southwest Airlines Co. fell$. 56 or 1.9 percent, to $28.28.
DOVER, Del.— Delaware transportation officials on Thursday partially reopened a bridge on a key East Coast interstate that was closed in early June because several supporting columns were tilting. The southbound lanes of the Interstate 495 bridge over the Christina River were reopened shortly before 5 p.m., about a month earlier than expected.
The average price of gas posted the largest July decline in six years, according to the latest survey by AAA. Here's why.
TAMPA, Fla., July 31- Southwest Airlines and SeaWorld said on Thursday they are ending a longtime marketing partnership, as the airline faces pressure from animal rights groups critical of the marine life conditions at its popular tourist attractions.
ORLANDO, Fla.— Southwest Airlines and SeaWorld Entertainment are ending their 25- year-old marketing partnership, officials with both companies said Thursday, as the airline has been urged by animal rights activists to terminate the relationship. As part of the partnership, three Southwest airplanes had various SeaWorld animals painted on their bodies.
U.S. oil production continues to boom, and a loophole in a law has allowed the first export of unrefined American oil in decades.
July 31- Canada's Bombardier Inc plans to cut more jobs and halt new hiring to help save costs, it said on Thursday, and added that commercial talks for a Russian assembly plant are ongoing despite sanctions. The European Union, U.S. and Canada have ratchet up sanctions against Russia over the conflict in Ukraine.
PRAGUE— The Czech and Austrian leaders say they oppose a plan by Germany to introduce a car toll targeting foreign drivers. Unlike many European countries, Germany has no car toll. Germany has announced plans to introduce toll stickers in 2016 for all cars using German roads, not just highways.
July 31- Canada's Bombardier Inc reported a slightly higher-than-expected second-quarter profit, boosted by higher sales of planes and trains. Aerospace revenue rose 11.4 percent to $2.51 billion in the quarter, while revenue at its transportation business climbed 9.4 percent to $2.36 billion.
SINGAPORE, July 31- Part of a Kurdish oil cargo has been offloaded from a Greek-managed tanker into another tanker in the South China Sea, but mystery surrounds the identity of the buyer and where the two tankers are headed. Iraqi Kurdistan is locked in a bitter legal and diplomatic struggle with Baghdad over international oil sales.
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