FLYING HIGH: Delta Air Lines reported a billion-dollar third-quarter profit and said demand is holding up well. GAINING ALTITUDE: The results come as Delta aims to pull ahead of struggling U.S. rivals.
Delta Air Lines reported a billion-dollar third-quarter profit and said demand is holding up well. The world's second-largest airline posted net income of $1.05 billion, or $1.23 per share, compared with $549 million, or 65 cents, a year earlier. And Southwest is still integrating AirTran _ 17 months after buying the company.
*US says bank sold toxic loans to Fannie Mae, Freddie Mac. Oct 24- The United States filed a civil mortgage fraud lawsuit against Bank of America Corp, accusing it of selling thousands of toxic home loans to Fannie Mae and Freddie Mac that went into default and caused more than $1 billion of losses.
PITTSBURGH-- A new report from the College Board says Pennsylvania has the fourth-highest in-state tuition charges in the nation for four-year public universities. The Penn State University Park campus topped the list nationally with in-state tuition and fees totaling more than $17,200 for the current class.
PHILADELPHIA-- Pennsylvania's gambling board on Wednesday reminded developers there are three weeks before the Nov. 15 deadline to submit applications for Philadelphia's second casino license.
PITTSBURGH-- Mine Safety Appliances Co. said Wednesday that its net income fell 4 percent in the third quarter after it sold off two businesses. Mine Safety said its net income declined to $19.2 million, or 51 cents per share, from $20 million, or 54 cents per share. Shares of Mine Safety Appliances rose 28 cents to $36.98 in trading Wednesday.
John Kasich warned Wednesday of an economic slowdown happening in the swing state ahead the presidential election, even as Huntington bank announced it is bringing 250 jobs to Ohio.
MONTCLAIR, N.J.-- Across New Jersey, most communities approached about hosting one of the state's first legal medical marijuana dispensaries in out-of-the-way industrial zones have just said no, after outpourings of public opposition.
NEW YORK-- Shares of metal producer Allegheny Technologies Inc. fell Wednesday after it reported third-quarter net income tumbled 43 percent and warned its fourth-quarter earnings will fall below the most recent quarter's results.
Oct 24- Barnes& Noble Inc said on Wednesday that customers who shopped at 63 of its stores as recently as last month may have had their credit or debit card information stolen in what the U.S. bookstore chain called a ``sophisticated criminal effort.''.
PHILADELPHIA-- A man who drove an SUV onto an airport runway, forcing a passenger jet to abort its landing, was sentenced Wednesday to 16 months in prison and must pay $92,000 in restitution. Kenneth Mazik, 25, of Chadds Ford, crashed through a gate on March 1 and led police on a runway chase at speeds topping 100 mph.
Oct 24- Kennametal Inc's quarterly profit missed Wall Street estimates by a wide margin on Wednesday and the industrial toolmaker cut its sales and earnings outlook for the full year, citing slowing economies.
NEW YORK-- Shares of Discovery Laboratories Inc. sank Wednesday after the drug developer said the availability of a new treatment for respiratory distress syndrome may be delayed until next year's second quarter. Discovery said it has started a plan to improve the method, and it will submit the updated specifications to the Food and Drug Administration.
PITTSBURGH-- Fourteen environmental groups have asked Pennsylvania Republican Gov. Tom Corbett to reverse a recent change in how official notifications of possible water pollution related to Marcellus Shale natural gas drilling are handled.
DETROIT-- Arts groups in Detroit will share nearly $20 million donated by the John S. and James L. Knight Foundation, including $9 million to be awarded through a communitywide contest to boost the city's best arts ideas, the foundation announced Tuesday.
NEW YORK-- Barnes& Noble Inc. said Tuesday that devices used by customers to swipe credit and debit cards have been tampered with in 63 of its stores in nine states. The stores are in California, Connecticut, Florida, Illinois, Massachusetts, New Jersey, New York, Pennsylvania and Rhode Island.
*DuPont drops sharply on results, UTX modestly lower. *Apple pares losses after new iPad launch. Multinationals including DuPont and United Technologies fell short of Wall Street's revenue expectations, amplifying worries about the health of the global economy.
NEW YORK, Oct 23- Global shares and the euro tumbled on Tuesday after a slew of weak U.S. corporate earnings results and credit ratings downgrades of several indebted regions of Spain.
IMPERIAL, Pa.-- Southwest Airlines Co. is launching daily, nonstop service from Pittsburgh International Airport to Houston starting April 14. The flight will leave Pittsburgh at 11:50 a.m. weekdays and arrive at Houston's William P. Hobby Airport at 2 p.m. The flight will follow a similar schedule on Sunday but will leave Pittsburgh at 9:15 a.m. on Saturdays.