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  • WASHINGTON— As the Justice Department launches an investigation into possible collusion in the airline industry, experts say the government faces the burden of proving that carriers were deliberately signaling business decisions to each other. A particularly cold winter in the Northeast, for instance, might merit more flights to the Caribbean.

  • JetBlue launches New York-to-Havana charter flights Friday, 3 Jul 2015 | 1:29 PM ET

    July 3- JetBlue Airways Corp said it began direct charter flights between New York and Havana on Friday, the first major U.S. carrier to fly the route following U.S. The airline said Cuba Travel Services Inc is offering the weekly flight on Fridays between New York's John F. Kennedy International Airport and Havana's Jose Marti International Airport.

  • WASHINGTON— Even after another month of strong hiring in June and a sinking unemployment rate, the U.S. job market just isn't what it used to be. Many part-timers can't find full-time work. "The Fed may recognize that this is a new labor-market normal, and it will begin to normalize monetary policy," said Patrick O'Keefe, an economist at accounting and consulting firm...

  • WASHINGTON— As the Justice Department launches an investigation into possible collusion in the airline industry, experts say the government faces the burden of proving that carriers were deliberately signaling business decisions to each other. A particularly cold winter in the Northeast, for instance, might merit more flights to the Caribbean.

  • NEW ORLEANS— More than five years after the worst offshore oil spill in U.S. history fouled beaches, coated seabirds in thick goo and threatened delicate marshes, BP has agreed to pay a record settlement to affected states in hopes of bringing an end to a legal drama that has cost the company billions. Federal and state government officials touted the...

  • NEW YORK, July 2- Greece's full-blown debt crisis and Puerto Rico's unfolding one have dominated headlines all week, but some of the biggest U.S. investors have China at the top of their worry lists. Jeffrey Gundlach, Bill Gross, Dan Ivascyn, Mohamed El-Erian, and David Rosenberg are among the money managers keeping close watch of China where markets have been under...

  • NEW ORLEANS— Most of the $18.7 billion proposed settlement that BP reached over its 2010 Gulf of Mexico oil spill would go to five Gulf Coast states, if the deal is approved by a judge. Florida would receive $3.25 billion, with about $2 billion for economic loss and the rest distributed throughout the state to environmental projects such as beaches and piers.

  • HOUSTON, July 2- BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history. Under the agreement with the U.S. Department of Justice and the states, BP will pay at least $12.8 billion for Clean Water Act...

  • HOUSTON, July 2- BP Plc has reached an $18.7 billion deal with the U.S government and five states to settle litigation stemming from its deadly 2010 Gulf of Mexico oil well blowout and explosion that killed 11 men and unleashed the worst spill in U.S. history. It also seeks to resolve environmental and economic damage claims by Louisiana, Mississippi, Alabama,...

  • July 2- BP Plc's agreed to pay out $18.7 billion to the U.S. government and five coastal states to settle damages claims from the 2010 Gulf of Mexico spill. The following are details of the payouts and reaction from officials in Alabama, Florida, Louisiana, Mississippi and Texas:. LOUISIANA: The hardest state because of its proximity to the spill will receive more...

  • TIMELINE-BP oil spill, litigation at a glance Thursday, 2 Jul 2015 | 10:34 AM ET

    Sept 4- BP Plc reached a $18.7 billion settlement to end five years of litigation following the 2010 Gulf of Mexico oil spill. It is the largest settlement with a single entity in U.S. history, the U.S. Department of Justice said. *April 20, 2010, RIG EXPLODES: An explosion on the Deepwater Horizon oil rig at the Macondo exploration well kills 11 workers and releases...

  • July 2- BP Plc has reached a comprehensive $18.7 billion settlement with the U.S. government and five states, a landmark deal that effectively ends years of litigation over environmental damage and human casualties caused by the 2010 Gulf of Mexico spill. Clean Water Act fines and natural resources damages, along with claims by Alabama, Florida, Louisiana,...

  • July 2- BP said it has reached an $18.7 billion settlement of damages claims from the U.S. government and five states after the 2010 Gulf of Mexico spill. BP said the agreement covered claims from the states Of Alabama, Florida, Louisiana, Mississippi and Texas and 400 local government entities. Florida's Attorney General said her state's economic damages...

  • NEW ORLEANS— BP and five Gulf states announced a record $18.7 billion settlement Thursday that resolves years of legal fighting over the environmental and economic damage done by the energy giant's oil spill in 2010.. When the Deepwater Horizon oil rig exploded in April 2010, it killed 11 people and spread miles of black oil across the Gulf Coast before the...

  • International Speedway posts 2Q profit Thursday, 2 Jul 2015 | 7:39 AM ET

    DAYTONA BEACH, Fla. _ International Speedway Corp. on Thursday reported fiscal second-quarter profit of $13.4 million. International Speedway expects full-year earnings to be $1.20 to $1.30 per share, with revenue in the range of $625 million to $635 million. International Speedway shares have increased 17 percent since the beginning of the year.

  • WASHINGTON— Loud but hardly universal catcalls from Republicans underscored the obstacles and opportunities ahead as U.S. and Cuban leaders announced an opening of embassies in Havana and Washington and a resumption of diplomatic relations severed the year President Barack Obama was born. Obama also called on Congress to lift the economic and travel...

  • WASHINGTON/ HAVANA, July 1- An historic agreement to restore diplomatic ties between Washington and Havana could provide fresh momentum for lawmakers and activists seeking to chip away at- and eventually upend- the 53- year-old U.S. trade embargo. "This is more than symbolism," said Geoff Thale, program director at the Washington Office on Latin America, a group...

  • July 1- Parkway Properties Inc, a real estate investment trust, was in the early stages of exploring strategic alternatives, including a sale, Bloomberg reported. The company was valued at $1.95 billion as of Wednesday, according to Thomson Reuters data. Parkway Properties was working with Bank of America Corp's Merrill Lynch and Wells Fargo& Co, Bloomberg said,...

  • Correction: Carnegie Heroes story Wednesday, 1 Jul 2015 | 5:00 PM ET

    PITTSBURGH— In a story June 30 about the Carnegie Heroes awards, The Associated Press reported erroneously on the fate of a boy whose brother drowned in a river. Late Oregon teen among 18 to win Carnegie Medal for heroism. PITTSBURGH— A 16- year-old Oregon boy who drowned while trying to save his younger brother's life is one of 18 people to be honored with a Carnegie...

  • July 1- Real estate developer Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, could be the latest victim of credit card breach, KrebsonSecurity reported, citing data shared by several U.S.-based banks. Credit card data at various Trump properties in the United States, including those in Chicago, Honolulu, Las Vegas, Los Angeles,...