FORT WORTH, Texas— American Airlines says it will pay its first dividend since 1980.. American Airlines Group Inc. made the announcement as it reported net income of $864 million in the second quarter, up from $220 million a year earlier. Southwest Airlines pays one, and Delta Air Lines restored its dividend last year.» Read More
Faced with low interest rates in the United States and euro zone, AXA has sold some of its businesses in developed markets and spent 5 billion euros since 2010 on acquiring companies in the likes of China and Columbia.
JOHANNESBURG, Feb 21- Oil and politics make a turbid mix, and the suspension of Nigeria's central bank chief and anti-graft whistleblower Lamido Sanusi is a cautionary tale for newer African oil producers trying to avoid the "resource curse".
NEW YORK, Feb 21- U.S. The market shrugged off a larger-than-expected drop in U.S. existing homes sales, which declined by 5.1 percent in January, the National Association of Realtors reported on Friday. They don't know what to do, "said David Ader, an interest rate strategists at CRT Capital in Stamford, Connecticut.
WASHINGTON, Feb 21- The U.S. Food and Drug Administration is proposing sweeping changes to its 40- year-old system for approving over-the-counter drugs to make it quickly adaptable to scientific changes. The FDA has scheduled a hearing for public comments on March 25 and March 26.
HOLDERS OF UNLIMITED TAX GENERAL OBLIGATION BONDS TO GET 20 PCT VIA NOTE ISSUANCE IN DETROIT PLAN.
According to the charges, Hixon, who worked in Evercore's mining and metals group, allegedly arranged trades in shares of Evercore as well as two other companies: Westway Group, which merged last year with EQT Infrastructure II, and Titanium Metals Corp, which was purchased last year by Precision Castparts Corp.
POLICE AND FIRE PENSION PAYMENTS TO BE CUT 10 PCT IN DETROIT ADJUSTMENT PLAN.
DETROIT PROPOSES CUTTING PUBLIC PENSION PAYMENTS BY 34 PCT, FURTHER REDUCTIONS POSSIBLE-PLAN OF ADJUSTMENT.
*Priceline and Hewlett-Packard both beat expectations. *Groupon shares tumble after forecasting loss.
Feb 21- Ariad Pharmaceuticals Inc, which has been struggling with safety concerns involving its only approved drug, said it agreed to add two directors backed by its second-largest investor Sarissa Capital Management to its board.
DETROIT FILES PLAN OF ADJUSTMENT DETAILING EVENTUAL EXIT FROM BANKRUPTCY.
NEW YORK, Feb 21- A former senior managing director at Evercore Group was charged on Friday with securities fraud and other violations for setting up trades in accounts held by an ex-girlfriend and a close relative based on secret information he collected at work, according to a court filing.
LONDON, Feb 21- Gold steadied on Friday and was on track to end the week little changed as the dollar turned lower after another batch of weak U.S. data, but stronger equities put the brakes on a rally that had taken prices to 3-1/ 2 month highs.
Feb 21- Exxon Mobil Corp, the world's largest publicly traded oil company, said on Friday its crude oil and natural gas reserves rose slightly in 2013, lifted by projects in U.S. shale fields and Abu Dhabi.
"Upon consideration of the petitions to appeal and the responses thereto, a direct appeal to this court is warranted," the 6th U.S. Circuit Court of Appeals in Cincinnati said in an order filed on Friday. A federal bankruptcy judge in a landmark December ruling said Detroit was eligible to pursue its bankruptcy case.
*Technip, Saint-Gobain enjoy upgrades following results. *Vodafone adds most points after Verizon deal completed. LONDON, Feb 21- France's CAC 40 index hit a 5-1/ 2- year peak to lead European shares higher on Friday, with an index of top shares in the region set for its third straight week of gains.
WASHINGTON, Feb 21- U.S. home resales fell to an 18 month-low in January as the combination of cold weather and a lack of housing stock sidelined potential buyers. The National Association of Realtors said on Friday home sales dropped 5.1 percent to an annual rate of 4.62 million units, the lowest level since July 2012.
Feb 21- Fannie Mae said on Friday that it would pay a dividend of about $7.2 billion to the U.S. Treasury next month, pushing taxpayers into the black on their bailout of the mortgage finance firm and its sister company, Freddie Mac.
Federal Reserve on Friday unveiled some of its internal conversations from the darkest days of the financial crisis, releasing to the public transcripts of policy-setting meetings for the year 2008..
CARACAS, Feb 21- Venezuela's jailed protest leader urged supporters on Friday to keep demonstrating peacefully against President Nicolas Maduro despite violence that has killed six people and rocked the OPEC member nation.