As talks surrounding the Malaysia jet lawsuit continue, some argue the case won't have a strong chance in the U.S.» Read More
DALLAS-- The CEO of American Airlines said the company expects to hire 2,500 pilots over the next five years as it ramps up international flights.
Oct 24- Visa Inc said Charles Scharf, a former head of JPMorgan Chase& Co's retail financial services division, will succeed Joseph Saunders as chief executive, effective Nov. 1. Scharf worked closely with Jamie Dimon, chairman and CEO of JPMorgan, when the two men were at Citigroup Inc in the 1990 s.
CHICAGO-- Taxes that are largely a concern of the very rich will soon affect far more people unless Congress steps in. Financial advisers, and trust and estate attorneys have been flooded with requests for assistance in the final months before the record-high exemption for both taxes is scheduled to plunge to $1 million from $5.12 million on Jan 1.
OMAHA, Neb.-- The Rural Media Group has purchased another cable network to expand its programming into more markets. Rural Media produces RFD-TV and Rural TV with rural-themed programming. The deal gives the company access to several major markets, including New York, Chicago, Atlanta, Dallas and Los Angeles.
Boeing is cranking out planes faster, and it's paying off. Boeing has been speeding up production, aiming to get some of its newest planes out the door faster. Boeing's revenue from commercial planes jumped 28 percent to $12.19 billion in the most recent quarter.
*Wheat up as Ukraine to ban wheat exports in Nov.
Oct 24- Victims of a deadly U.S. meningitis outbreak are starting to sue the physicians and clinics that administered tainted steroid shots, and the success of the suits could hinge on whether judges decide the injections are subject to product liability or medical malpractice laws.
DALLAS-- American Airlines says it will start new international routes next year, seeking to capitalize on growth in international travel, especially among high-fare corporate travelers.
CHICAGO, Oct 23- Illinois has dug itself into such a huge financial hole that it may not be able to provide basic services to residents or meet employee benefit obligations, according to a national task force that is due to release a report about the state's finances.
BUENOS AIRES, Oct 23- Flooding in Argentina's Pampas grains belt has allowed fungus-based diseases to attack wheat crops already hobbled by scant planting while more wet weather puts off soy and corn seeding until next week, analysts said on Tuesday.
NEW YORK, Oct 23- A panel of judges on Thursday will hear arguments that U.S. prosecutors should not have been able to play dozens of FBI wiretaps at the criminal trial of hedge fund tycoon Raj Rajaratnam, a closely watched appeal in one of the biggest insider-trading cases in a generation.
CHICAGO-- United Continental Holdings Inc., the parent of United Airlines, reports third-quarter results on Thursday after a tough spring and summer spent trying to absorb Continental Airlines. When Southwest Airlines reported results last week, it said it needed sales to lure business travelers in September, but that things picked up in October.
CHICAGO-- Boeing Co. said Tuesday that it has begun building its 777 jet at the highest rate that it's ever made a big passenger jet, aiming to crank out more than eight planes per month. Boeing has long said it would ramp up the pace of 777 production.
CHICAGO-- Illinois will share part of an $11 million payment as part of an agreement with insurance giant American International Group Inc.. The announcement was made Monday by Illinois Department of Insurance Director Andrew Boron. Illinois was among seven lead states that started discussions with the company.
BOSTON-- Shares of companies that own Medicare- supported health care facilities fell on Tuesday after an analyst reduced ratings on two of the stocks, citing the potential for cuts to the federal health program. Jefferies& Co. analyst Omotayo Okusanya cut his ratings of Ventas Inc. and Omega Healthcare Investors Inc. to "Hold" from "Buy."
Nearly half of all robberies in San Francisco this year are cell phone-related, police say, and most occur on bustling transit lines. And, in nearby Oakland, City Council candidate Dan Kalb was robbed at gunpoint of his iPhone Wednesday after he attended a neighborhood anti-crime meeting.
FAST TRACK: Test runs started zooming along a section of the Amtrak line between Chicago and St. Louis at 111 mph Friday. The 30- mph increase from the route's current top speed is a morale booster for advocates of high-speed rail.
THE NEWS: HMX Acquisition Corp., the owner of tailored clothing brands including Hickey Freeman and Hart Schaffner Marx, is filing for Chapter 11 bankruptcy protection. THE CONTEXT: The labels Hickey Freeman and Hart Schaffner Marx got their start in 1887 in Chicago and have been worn by presidents including Barack Obama.