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  • The Montreal- based carrier reported a profit that beat analysts' estimates on lower costs, but some other closely watched revenue metrics fell short of market expectations. Recent events in Europe, such as the Nice terror attack and Britain's decision to leave the European Union, softened demand in those markets, company executives told analysts on a...

  • July 29- Allegiant Air said its pilots represented by the Teamsters union ratified a new five-year contract, ending labor issues at the Las Vegas- based budget carrier at a time the U.S. airline industry is grappling with a shortage of pilots. Allegiant Air, owned by Allegiant Travel Co, had 625 full-time pilots at the end of 2015.. Allegiant Air had been in...

  • Analysts surveyed by Zacks Investment Research expected $14.6 billion in revenue. The package and delivery industry is a competitive field, with UPS doing battle with rivals such as FedEx and the U.S. Postal Service. The company says it doesn't plan to build its own delivery service and is just looking to work more closely with package-delivery services like...

  • WATSONVILLE, Calif. _ Granite Construction Inc. on Friday reported second-quarter earnings of $14.1 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share. Granite Construction shares have climbed 18 percent since the beginning of the year.

  • PARIS— Air France has cancelled 10 percent of its long-distance flights Friday, during a period of high traffic due to summer vacations, because of a strike by cabin crew. The company also cancelled 25 percent of European flights to and from Paris Charles-de-Gaulle airport and 15 percent of domestic flights. Air France flights operated by other companies,...

  • WARREN, Mich. _ Universal Truckload Services Inc. on Thursday reported second-quarter profit of $9 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • SCOTTSDALE, Ariz. _ A V Homes Inc. on Thursday reported second-quarter net income of $117.4 million, after reporting a loss in the same period a year earlier. A V Homes shares have increased almost 7 percent since the beginning of the year. Keywords: A V Homes, Earnings Report.

  • DALLAS— The pilots' union president said Thursday that American Airlines is reducing its safety margin by "manipulating" flight plans with tactics that include faster speeds. Dan Carey, who just started a three-year term as president of the Allied Pilots Association, said in a note to members that pilots were reporting pressure to approve faster flight plans.

  • LAS VEGAS— Allegiant Air pilots ratified a new contract after a fight during which the union accused the low-fare carrier of taking safety shortcuts. Teamsters Local 1224 said Thursday that the five-year contract includes immediate pay raises of up to 31 percent and better benefits and scheduling rules. The airline is part of Las Vegas- based Allegiant Travel...

  • President and CEO Cal Dooley of the American Chemistry Council said the new rule should help keep freight rail and manufacturing healthy. The proposal to force railroads to allow some manufacturers to hire a competing railroad to haul their products has been championed by the National Industrial Transportation League. "Our member companies across a host of...

  • ALBANY, N.Y.— The Port of Albany will receive $17 million in federal funding to pay for upgrades and an expansion allowing for greater shipment of large cargo. The New York Democrat says the money will allow the port to demolish and rebuild a warehouse, rebuild a shipping terminal and improve safety at the port, which he says is the busiest facility of its kind in...

  • GRAPEVINE, Texas— An American Airlines aircraft landed safely at Dallas-Fort Worth International Airport despite a dramatic discharge of flames from one of the engines. American spokesman Ross Feinstein says none of the 136 passengers and crew was injured when Flight 438 to Seattle returned to Dallas about 20 minutes after takeoff Wednesday night.

  • LONDON, July 28- Shockwaves from Britain's vote to leave the European Union are reverberating through the economy with surveys published on Thursday showing a sharp dive in consumer confidence and a slowdown in the construction sector. A month after the Brexit vote, the latest signals of a sharp economic slowdown are likely to add to expectations of action...

  • CHATTANOOGA, Tenn. _ Covenant Transportation Group Inc. on Wednesday reported second-quarter earnings of $3.6 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share. Covenant Transportation shares have risen roughly 8 percent since the beginning of the year.

  • Justices issued a 6-1 decision saying O&G Industries of Torrington is immune from the lawsuit under state law because the contractor bore the cost of workers' compensation benefits paid to the two employees, who worked for subcontractors. The Supreme Court rejected arguments by the workers, James Thompson and James McVay, that O&G Industries didn't actually...

  • REYKJAVIK, Iceland— Iceland's airport authority says the country briefly closed its airspace to flights because of a technical problem at its air traffic control center. Gudni Sigurdsson of airport operator and air navigation service Isavia says Wednesday that "we did not let more traffic into our area" while a problem with the flight data processing system...

  • DUBAI, United Arab Emirates— Port operator DP World says it has reached a deal to help expand a seaport in Taiwan. The Dubai- based company said Wednesday it signed a memorandum of understanding with the state-run Taiwan International Ports Corporation to develop a seventh cargo terminal at Kaohsiung Port, Taiwan's largest harbor. Government-backed DP World...

  • CHICAGO, July 27- Norfolk Southern Corp, the No. 4 U.S. railroad, on Wednesday reported a lower quarterly net profit due to a 7 percent drop in freight volumes, but the results just exceeded market expectations because of cost cutting and efficiency measures. The decline in freight at the Norfolk, Virginia- based company was led by a precipitous 25 percent drop in...

  • COLUMBUS, Ohio _ M/I Homes Inc. on Wednesday reported second-quarter net income of $15.9 million. M/I Homes shares have fallen 5.5 percent since the beginning of the year. Keywords: M/I Homes, Earnings Report.

  • NEW YORK— Boeing, absorbing billions in write-downs related to two of its newest commercial jets and a military fuel tanker, reported its first quarterly loss in nearly seven years. Yet revenue for the Chicago aerospace giant rose 1 percent to $24.8 billion, and company shares rose steadily before the opening bell Wednesday. Charges totaling $3 billion before...