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  • Net income plunged 44 percent to $950 million as provisions for income tax surged to $543 million from $15 million. Excluding items, American's profit slumped to $1.77 per share from $2.62, but handily beat the average analyst estimate of $1.68, according to Thomson Reuters I/B/E/S. Total operating revenue declined 4.3 percent to $10.36 billion in the quarter...

  • Annual increases in rent surpassed 9 percent in both the Seattle and Portland, Oregon areas, although it has moderated in markets such as San Francisco, where yearly price growth went from double-digit gains to 7.4 percent. Prices are rising above the national average in New York City and Los Angeles. But they've settled at less than 2 percent in Cincinnati and...

  • The world's largest airline earned $950 million, or $1.68 per share, in the second quarter ended June 30 compared with $1.70 billion, or $2.41 per share, a year earlier. Analysts on average expected a profit of $1.68 per share, according to Thomson Reuters I/B/E/S. Provision for income tax surged to $543 million from $15 million.

  • NEW YORK— Moody's Corp. on Friday reported second-quarter profit of $255.5 million. Moody's expects full-year earnings to be $4.55 to $4.65 per share. Moody's shares have increased 4 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed roughly 6 percent.

  • The maker of Maytag, KitchenAid and other appliances also reported a larger second-quarter profit than Wall Street had expected. Excluding one-time gains related to tax adjustments and other one-time items, Whirlpool earned $3.50 per share, way better than the projections of $3.35 from analysts that follow the company, according to a poll by Zacks...

  • A Federal Office of Justice spokesman said Friday that van Gogh's "La Maison de Vincent a Arles" and "Saint- Georges Majeur" and Monet's "Nympheas avec Reflets de Hautes Herbes" were confiscated on Thursday. Justice officials declined to estimate the value of the works, but Christie's Web site says "La Maison de Vincent a Arles" sold for nearly $5.5 million at a New York...

  • "I am personally committed to ensuring that Fox News remains a distinctive, powerful voice. Our nation needs a robust Fox News to resonate from every corner of the country, "Murdoch said in a statement Thursday after Ailes, 76, resigned under pressure as chief executive while fighting a workplace misconduct suit. He will run Fox News and its sister Fox Business...

  • NEW YORK— As a TV impresario and political puppet-master, Roger Ailes is unmatched in our time. He didn't invent anything, as Ted Turner did with "superstations" and cable news. It has been the ratings leader for 15 years and is hugely profitable for parent company 21st Century Fox.

  • NEW YORK— Roger Ailes built the Fox News Channel into a ratings juggernaut, one that successfully presented a conservative alternative to mainstream news and garnered a large new audience in the Age of Trump. More than half of Fox's viewers are over 65, says data tracker Nielsen, compared to just 15 percent of Americans as a whole. "Fox News has been far more of a...

  • TOKYO, July 22- Few doubt Japanese Prime Minister Shinzo Abe's decision to invest public funds in a $90 billion dollar high-tech "maglev" railway makes political sense. Proponents say lending government money to Central Japan Railway Company to speed up the launch of a service linking Tokyo and Osaka with a high-speed, magnetically levitated train will spark...

  • Drawn from New York and Boston by good-paying jobs at the Mohegan Sun and Foxwoods resorts, Chinese and other Asian immigrants have been buying homes, raising families and growing their own food in what had once been largely white communities along Connecticut's Thames River. I can even fish, " Xu Song Mu, a 62- year-old former Mohegan Sun worker who moved from...

  • NEW YORK— Stocks rose Friday afternoon trading, the latest nudge forward for a market that has taken a decidedly slow-and-steady path to record highs. KEEPING SCORE: The S&P 500 was up 8 points, or 0.4 percent, to 2,173 at 2:22 p.m. Eastern time. ANALYST'S TAKE: "I think people are a little more sensitized, where any tick lower in the market creates this' buy-on-the-dip'...

  • NEW YORK, July 21- The U.S. government asked a federal appeals court on Thursday to block the release of a report detailing how HSBC Holdings Plc is working to improve its money laundering controls after the British bank was fined $1.92 billion. In a brief filed with the 2nd U.S. Circuit Court of Appeals, the U.S. Department of Justice sought to overturn an order...

  • July 21- Goldman Sachs Group Inc will start marketing a new corporate-buyout fund of $5 billion to $8 billion, its first such fund since the 2008 financial crisis, the Wall Street Journal reported on Thursday. Citing people familiar with the matter, the Journal said Goldman hoped to raise about $500 million from its employees and was aiming for an initial close by...

  • The Justice Department lawsuit focused on a county-by-county analysis of where Aetna and Humana have what is deemed too much market share in providing Medicare Advantage for elderly people and in the individual health plans created under President Barack Obama's healthcare reform law. Aetna will argue in court that the Justice Department defined the...

  • NEW YORK— Roger Ailes' successor at Fox News faces a delicate task in changing the culture of a news organization forever identified with one man, and push it forward for a new generation without alienating an audience that has made it a tremendously lucrative business. But Murdoch, the 85- year-old executive chairman of 21st Century Fox who hired Ailes to invent...

  • NEW YORK— The administrator of the federal compensation fund for Sept. 11 victims is stepping down after five years. Attorney General Loretta Lynch announced Thursday that Sheila Birnbaum will leave her post as special master of the fund that disburses compensation awards to first responders, recovery workers and others affected by the Sept. 11, 2001 terror...

  • record-Lipper@ NEW YORK, July 21- U.S. investors sweetened on riskier global assets for the first time in weeks, pouring record sums into emerging market debt and pumping up foreign stocks after five weeks of withdrawals, Lipper data showed on Thursday. Emerging market debt funds offered in the United States took in $918 million during the week, the data showed,...

  • TOKYO, July 22- Few doubt Japanese Prime Minister Shinzo Abe's decision to invest public funds in a $90 billion dollar high-tech "maglev" railway makes political sense. Proponents say lending government money to Central Japan Railway Company to speed up the launch of a service linking Tokyo and Osaka with a high-speed, magnetically levitated train will spark...

  • July 21- Boeing Co's second-quarter results will include more than $2 billion in charges related to the 787, 747 and KC-46 tanker aircraft programs, the aerospace and defense company said on Thursday. The combined charges of $2.05 billion address high-profile problems such as dwindling demand for very large planes like the 747 and a hangover of nearly $30...