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  • BRASILIA, July 31- Brazil's antitrust regulator CADE and federal prosecutors signed a leniency deal on Friday with engineering company Camargo Correa aimed at obtaining evidence of alleged price-fixing of contracts to build a nuclear power plant. Camargo Correa was the first of Brazil's construction firms to have its top executives convicted of...

  • LONDON, July 31- IAG, owner of British Airways and Iberia, said on Friday it will continue to focus on driving down costs as competition intensifies both within Europe and as rivals put on more capacity on its all-important transatlantic routes. IAG, which is buying Aer Lingus to add to a portfolio comprising BA, Iberia and Vueling, said its unit revenue per...

  • BRISBANE, Australia— Etihad Airways said Friday that it will continue to fight a lawsuit by a passenger who says he was left with back pain because he was seated beside an overweight man on a 14- hour flight from the United Arab Emirates to Sydney. James Bassos, of Brisbane, is suing the Abu Dhabi- based airline in the Queensland state District Court over a permanent...

  • SAINT-ANDRE, Reunion— A barnacle-encrusted wing part that washed up on a remote Indian Ocean island could help solve one of aviation's greatest mysteries, as investigators work to connect it to the Malaysia Airlines flight that vanished more than a year ago. The surprise discovery of the debris on a rocky beach stirred hopes and emotion among families of the...

  • A V Homes reports 2Q loss Thursday, 30 Jul 2015 | 6:33 PM ET

    SCOTTSDALE, Ariz. _ A V Homes Inc. on Thursday reported a loss of $4.5 million in its second quarter. A V Homes shares have declined nearly 1 percent since the beginning of the year. Keywords: A V Homes, Earnings Report.

  • GRAPEVINE, Texas— No injuries were reported after a tire on a landing gear on a Spirit Airlines jet caught fire while landing at Dallas-Fort Worth International Airport. Airline spokeswoman Paul Berry says Spirit Flight 407 was arriving shortly before 1 p.m. Thursday from a three-hour flight from Orlando, Florida, when the tire on a landing gear ignited.

  • GRAPEVINE, Texas— Three passengers were slightly hurt while evacuating an American Airlines jet after smoke was detected in the plane as it prepared to leave Dallas-Fort Worth International Airport. American spokeswoman Andrea Huguely says the crew of Flight 1658 deployed the emergency slides during Thursday's incident. Huguely says American officials...

  • Virgin America's 2Q profit beats Wall Street forecasts Thursday, 30 Jul 2015 | 8:51 AM ET

    Virgin America's second-quarter profit beat Wall Street expectations on cheaper fuel, and the airline plans to grow at a double-digit rate next year after it starts flying to Hawaii. For example, he said, Virgin will resume flights between San Francisco and Fort Lauderdale, Florida, and offer an additional daily flight to New York from both San Francisco and Los...

  • Vice president of flight operations Greg Baden and director of flight safety Michael Wuerger were at the controls of the July 23 flight with 144 passengers on board, the airline said. The plane left Las Vegas more than an hour behind schedule, according to tracking service FlightAware.com. The airline said that's because a passenger had a medical emergency in...

  • SAO PAULO, July 30- Brazilian planemaker Embraer SA said on Thursday it will delay development of a military cargo jet and forgo $300 million of revenue this year due to Brazil's weaker currency and defense spending cuts, triggering the biggest drop in its shares in nearly four years. Embraer now plans to deliver its first KC-390 cargo aircraft to the Brazilian...

  • July 30- Earning and using airline miles used to be simple. One key change: Delta Air Lines' announcement in mid-July that its SkyMiles rewards will be based on what you spend, rather than on the distance you travel, and the cost will be based on demand rather than a fixed amount. Experts like Brian Kelly, known as The Points Guy, expect more major airlines to follow suit.

  • Granite Construction misses Street 2Q forecasts Thursday, 30 Jul 2015 | 9:15 AM ET

    WATSONVILLE, Calif. _ Granite Construction Inc. on Thursday reported second-quarter net income of $9.6 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share. Granite Construction shares have decreased roughly 9 percent since the beginning of the year.

  • NAIROBI, July 30- Kenya Airways sunk deeper into the red in the year through March, sending its shares plummeting on Thursday, but CEO Mbuvi Ngunze said the tourism slump that sparked the losses may have bottomed out. The carrier, one of Africa's largest, said its pretax loss widened to 29.71 billion shillings for 2014/ 15, from 4.86 billion shillings a year earlier,...

  • Lufthansa's Austrian ready to expand services to Iran Thursday, 30 Jul 2015 | 6:48 AM ET

    VIENNA, July 30- Lufthansa unit Austrian Airlines is ready to expand its services to Iran to include flights to Isfahan and Shiraz, as soon as a good opportunity presents itself, the Chief Financial Officer of the Austrian group said on Thursday. Austrian Airlines, Lufthansa's Vienna- based platform into Eastern Europe, already offers daily flights to Iran's...

  • SAINT-ANDRE, Reunion— A barnacle-encrusted wing part that washed up on a remote Indian Ocean island could help solve one of aviation's greatest mysteries, as investigators work to connect it to the Malaysia Airlines flight that vanished more than a year ago. The surprise discovery of the debris on a rocky beach stirred hopes and emotion among families of the...

  • Lufthansa sees Q2 profit soar, helped by cheaper fuel Thursday, 30 Jul 2015 | 2:30 AM ET

    BERLIN— Lufthansa says its earnings trebled in the second quarter compared with a year earlier, helped by falling fuel costs. Deutsche Lufthansa AG, which includes airlines such as Swiss, Austrian Airlines and Germanwings, on Thursday reported net earnings of 529 million euros for the April-June period, up from 173 million euros a year earlier.

  • Northrop Grumman rises on 2Q profit and stronger outlook Wednesday, 29 Jul 2015 | 7:21 AM ET

    FALLS CHURCH, Va.— Shares of Northrop Grumman climbed Wednesday after the defense contractor posted a stronger-than-expected profit in the second quarter and raised its outlook for the year. Northrop Grumman Corp. reported lower sales from most of its businesses, but the aerospace unit, its largest, had a small increase in revenue and a bigger profit compared...

  • July 29- General Dynamics Corp, which makes ships, tanks and business jets, reported higher-than-expected quarterly results and sharply raised its full-year profit outlook on Wednesday, sending its shares up as much as 6 percent to a record high. General Dynamics said a rebound in demand for its Gulfstream business jets from S&P 500 companies was particularly...

  • Scorpio Tankers beats Street 2Q forecasts Wednesday, 29 Jul 2015 | 8:46 AM ET

    MONACO _ Scorpio Tankers Inc. on Wednesday reported second-quarter net income of $57.6 million, after reporting a loss in the same period a year earlier. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share. Scorpio Tankers shares have increased 27 percent since the beginning of the year.

  • *Solvay to finance deal with rights issue, debt sale. BRUSSELS, July 29- Belgian chemical group Solvay has agreed to buy U.S. peer Cytec for $5.5 billion, giving it a bigger presence in the lightweight materials business where demand from the aerospace industry is booming. Solvay said in a statement on Wednesday it would pay $75.25 per share for Cytec, which closed at...