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  • CAPE CANAVERAL, Fla., Feb 8- Space Exploration Technologies, or SpaceX, will attempt its second launch of the year this month, as it ramps up production of its Falcon 9 rockets to handle more than $8 billion of business for NASA and commercial companies, officials said. But the Hawthorne, California- based company, owned and operated by technology entrepreneur Elon...

  • It will cost an estimated $64 million and take at least four more years for the EPA to finish its work, according to documents released Monday. Montana environmental regulators said in response to Monday's announcement that they want more details on how the EPA will handle future discoveries of asbestos. The EPA has promised to set up steps to deal with such...

  • TUCSON, Ariz.— A commercial flight headed to Los Angeles filled with smoke, turned around and made an emergency landing in Tucson, Arizona, where some passengers had to jump from the airplane to the runway. The United flight operated by SkyWest Airlines took off from the southern Arizona city Sunday morning. The Federal Aviation Administration is investigating...

  • Feb 8- The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, registered a new all-time low on Monday on muted vessel demand. Chinese markets are closed from Feb. 8 to Feb. 12 for the Lunar New Year holiday. Average daily earnings for capesize vessels, which typically transport 150,000- tonne cargoes such as...

  • "So far, there has been no impact on reservations at TAM... due to the cases of Zika virus in Brazil and in other locations where the airline operates," Chile- headquartered LATAM said. The rapidly spreading Zika virus, suspected to be linked to thousands of birth defects in Brazil, appears to be discouraging some tourists from traveling to Latin America and the...

  • MARICOPA, Ariz.— A former president of a major aircraft manufacturer was one of the two people killed after their World War II-era plane crashed and burned near the town of Maricopa. Pilot Jeffrey Pino, 61, was formerly the president of Sikorsky Aircraft, a Connecticut- based aircraft manufacturer. The second victim was identified as 72- year-old Nickolas...

  • BEDFORD, N.Y.— A builder whose company worked on the World Trade Center in New York City, the Century City complex in Los Angeles and Walt Disney's EPCOT center in Florida among other high-profile developments has died. Tishman died Saturday morning at his home in Bedford, about 35 miles north of New York. He later oversaw the construction of some of the nation's...

  • LISBON, Portugal— The Portuguese government says it has agreed to buy 50 percent of the country's carrier TAP Air Portugal for 1.9 million euros. Prime Minister Antonio Costa, Planning and Infrastructure Minister Pedro Marques and Finance Minister Mario Centeno were at the ceremony in Lisbon. On Jan. 7, the Cabinet announced it was annulling the concessions to...

  • LISBON, Feb 6- The new Portuguese government and a private consortium that bought a 61 percent stake in flag carrier TAP last year have agreed in principle to give the state a larger stake and share control of the airline, leaving it under private management. "This is a 50-50 deal, under which the company will be privately managed," said Humberto Pedrosa, the...

  • India's Jet Airways posts record quarterly net profit Saturday, 6 Feb 2016 | 6:20 AM ET

    NEW DELHI, Feb 6- India's Jet Airways Ltd said on Saturday its December quarter net profit rose more than seven times, with sharply lower fuel costs helping the carrier post a third consecutive quarterly gain following a series of losses. Jet, India's second largest carrier by market share, said net profit in the October-December period rose to 4.67 billion...

  • The change in the Pentagon's plan for the $391 billion weapons program defers orders for 45 Air Force jets, compared with last year's plan, while accelerating orders for the Navy and Marine Corps models of the aircraft, the sources said. It calls for the Navy and Marine Corps to buy 64 F-35C jets, which can take off and land on aircraft carriers, over the next five...

  • SEATTLE, Feb 5- Washington state lawmakers voted down a bill on Friday that would have linked $8.9 billion in state aerospace industry tax breaks to Boeing Co employment levels.

  • Feb 5- The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, registered a new all-time low for the ninth straight session on Friday as concerns of slow global demand outweighed gains for the large-vessel segment. Average daily earnings for capesize vessels, which typically transport 150,000- tonne...

  • Feb 4- The chief executive officer of LAN Airlines will pay a $75,000 fine to settle charges that he authorized improper payments to Argentina union officials to persuade them to ease their demands in a labor dispute, the U.S. Securities and Exchange Commission said on Thursday. According to the SEC, Cueto authorized wiring $1.15 million to a Virginia brokerage...

  • TORONTO, Feb 4- Amid fears of a bubble in condominium prices in Canada's largest cities, developers say they are shifting from building condos to high-rise rental apartments, as institutional investors look for assets with steady cash flow. The result is, not only more rental units on offer in cities like Vancouver and Toronto, but a slowdown in the supply of new...

  • SANTIAGO, Feb 4- An Italian consortium, including construction company Astaldi Spa, is close to securing a contract to build the world's largest telescope in the Chilean desert, project owner the European Southern Observatory said on Thursday. The consortium includes major Italian builder Cimolai and subcontractor the EIE Group, as well as Astaldi.

  • Baltic index slips below 300 points to record new low Thursday, 4 Feb 2016 | 10:18 AM ET

    Feb 4- The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, slipped below 300 points on Thursday, to an all-time low. And that creates very tough conditions for shipping, "said Frode Morkedal, Managing director at ship brokerage firm Clarksons Platou Securities. Average daily earnings for capesize vessels,...

  • *China needs top notch waste management technology. FRANKFURT, Feb 4- Beijing Enterprise is buying German waste management company Energy from Waste for 1.4 billion euros as China sets about tackling its pollution and waste recycling problems. China set a target to spend about $16 billion between 2013 and 2016 to improve sewage disposal and garbage treatment...

  • *China needs top notch waste management technology. FRANKFURT, Feb 4- Beijing Enterprise has struck a deal to buy German waste management company Energy from Waste for 1.4 billion euros as China sets about tackling its huge problems with pollution and recycling more of its waste. China set a target to spend about $16 billion between 2013 and 2016 to improve...

  • *Airlines set for battle to serve Iran market. PARIS/ DUBAI, Feb 4- An economic battle is likely for dominance of the skies over the Gulf after Iran decided to invest $27 billion in an airline fleet capable of taking on the region's supercarriers. By ordering dozens of long-distance European jets last month after the lifting of sanctions, Iran is positioning Tehran...