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  • 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...

  • GRAPEVINE, Texas— A man blamed for a security breach at Dallas-Fort Worth International Airport allegedly slipped onto a jet to try to stop his girlfriend from leaving. A DFW airport police report released Tuesday says Damarias Cockerham of Garland faces a criminal trespass charge. Police say Cockerham ran onto American Airlines Flight 1013, boarding for...

  • Dubai launches expansion of Mideast's biggest port Tuesday, 28 Jul 2015 | 10:11 AM ET

    DUBAI, United Arab Emirates— The Middle East's biggest sea port is growing. Dubai port operator DP World said on Tuesday it is beginning a $1.6 billion expansion of the Gulf commercial hub's sprawling Jebel Ali port. Jebel Ali is the centerpiece of government-backed DP World's network of more than 65 marine terminals around the world.

  • July 28- D.R. Horton Inc, the No.1 U.S. homebuilder, reported a higher-than-expected quarterly profit as it sold more homes at higher prices, and it reported a 22 percent rise in orders. Shares of D.R. Horton, which caters to people buying their first or second homes, rose 1.3 percent to $27.1 in premarket trading on Tuesday. D.R. Horton's orders rose to 10,398 homes in...

  • BEIJING, July 28- Air China Ltd said on Tuesday it aims to raise up to 12 billion yuan in a private placement of A-shares to help fund the purchase of 15 Boeing planes and upgrade its direct sales service. The new B787 Dreamliners, worth 24 billion yuan in list prices, will fly long-haul routes to North America and Europe, Air China said in a stock exchange filing.

  • July 28- Canada's WestJet Airlines Ltd reported a 19 percent rise in quarterly profit, helped by lower fuel costs and addition of new routes. The company's net earnings rose to C $61.6 million, or 49 Canadian cents per share, in the quarter ended June 30 from C $51.8 million, or 40 Canadian cents per share, a year earlier. Calgary- based WestJet shares closed at C $22.67...

  • BEIJING/ SHANGHAI, July 28- China Eastern Airlines plans to work with new investor Delta Air Lines to expand its global footprint beyond China-U.S. routes, an executive from the Shanghai- based carrier said. While the airlines will deepen their ties on trans-Pacific routes, there is scope to work in other regions such as Europe, James Wang, China Eastern's board...

  • Canadian airline WestJet's profit rises 19 pct Tuesday, 28 Jul 2015 | 6:39 AM ET

    July 28- Canada's WestJet Airlines Ltd reported a 19 percent rise in quarterly profit, helped by lower fuel costs and addition of new routes. The airline's net earnings rose to C $61.6 million, or 49 Canadian cents per share, in the second quarter ended June 30 from C $51.8 million, or 40 Canadian cents per share, a year earlier. Revenue rose 1.3 percent to C $942 million.

  • KUALA LUMPUR, Malaysia— Long-haul budget carrier AirAsia X said Tuesday it expects to return to operational profit by the end of the year and is open to foreign investment. AirAsia X has suffered losses in the past two years and its share price has plunged to near record lows at around 0.20 ringgit, far below its IPO price of 1.25 ringgit. Malaysia- based AirAsia X has...

  • Savannah port moves a record 3.6M cargo containers Monday, 27 Jul 2015 | 1:55 PM ET

    SAVANNAH, Ga.— Buoyed in part by labor woes on the West Coast, the booming seaports in Savannah and Brunswick saw another fiscal year of record-smashing amounts of cargo moving across their docks, the Georgia Ports Authority reported Monday. Savannah benefited this past year from a labor dispute that was blamed for slowdowns at West Coast ports such as Los...

  • SAO PAULO, July 27- Brazil's second biggest airline, Gol Linhas Aereas SA, announced on Monday it was cutting the frequency of flights and expected prices to recover, spurring the second-biggest daily jump for its shares this year. Gol shares, which slipped 2 percent in opening trade, surged as much as 14 percent after the comments from Lopes, before settling to a 9...

  • Republic stock plunges on possible flight disruptions Monday, 27 Jul 2015 | 12:21 PM ET

    At American Airlines, which also owns US Airways, spokesman Casey Norton said the airlines use 10 regional carriers and were working with Republic on "minor schedule adjustments" to reduce impact on passengers. The company's negotiations with the Teamsters, which represents its 2,100 pilots, are at a standoff despite the use of a federal mediator.

  • Delta Air to buy stake in China Eastern Airlines Monday, 27 Jul 2015 | 10:45 AM ET

    NEW YORK— Delta said it will pay $450 million to buy a stake in China Eastern Airlines as the Atlanta- based airline seeks to expand into China's fast-growing travel industry. And in April, Delta moved its operations in Shanghai's Pudong Airport to the same terminal as China Eastern and its subsidiary Shanghai Airlines. Shares of Delta Air Lines Inc. slipped 17...

  • Thai Airways suspends unprofitable US flights Monday, 27 Jul 2015 | 2:22 AM ET

    BANGKOK— Thailand's beleaguered national airline said Monday it will suspend flights to the U.S. as part of efforts to end years of losses. The airline will suspend the unprofitable four roundtrip flights per week from Bangkok to Los Angeles and from Bangkok to Rome, starting October 25, Thai Airways President Jarumporn Chotikasathein said in a statement.

  • BANGKOK, July 26- Thai Airways International Pcl plans to cut 1,401 jobs through voluntary retirement this year and suspend its loss-making flights to Los Angeles and Rome as it pushes ahead with a restructuring plan, its president said on Sunday. Thai Airways aims to cut operating costs by up to 9 billion baht this year, Charumporn said. From Oct. 25, the carrier...

  • Ships cross Egypt's New Suez Canal in first test-run Saturday, 25 Jul 2015 | 7:53 AM ET

    ISMAILIA, Egypt, July 25- The first cargo ships passed through Egypt's New Suez Canal on Saturday in a test-run before it opens next month, state media reported, 11 months after the army began constructing the $8 billion canal alongside the existing 145- year-old Suez Canal. The new waterway, which President Abdel Fattah al-Sisi hopes will help expand trade along...

  • July 24- Southwest Airlines Co flight attendants voted overwhelmingly against a tentative contract that would have raised wages but involved changes in work rules that many thought were burdensome, their union said Friday. The union said it will continue negotiations with Southwest on the contract, which became amendable more than two years ago.

  • Southwest flight attendants reject contract proposal Friday, 24 Jul 2015 | 3:32 PM ET

    DALLAS— Flight attendants at Southwest Airlines Co. have voted overwhelmingly to reject a contract offer that included pay raises and a bonus. Before the vote, critics had complained about changes that Southwest sought in vacation policies and longer shifts because of new international flights. The vote was announced a day after Southwest reported a record...

  • July 24- Southwest Airlines Co flight attendants voted overwhelmingly against a tentative contract that would have raised wages but involved changes in work rules that many thought were burdensome, their union said Friday. Some 87 percent of voting flight attendants rejected the tentative deal, according to the Transport Workers Union Local 556.