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  • The company's net income rose to $74.4 million, or $1.04 per share, in the fourth quarter ended Dec. 31, from $55.9 million, or 76 cents per share, a year earlier. Adjusted net income was $1.02 per diluted share. Revenue rose 9.6 percent to $519.8 million.

  • MADRID— Tens of thousands of commuters in the Spanish city of Barcelona suffered travel chaos Tuesday as smoke from a fire filled railway tunnels and forced authorities to suspend train service for several hours. The city's firefighting department said the fire started around 6 a.m. in trash that had accumulated at a disused station in the northeastern city.

  • MIAMI— Federal transportation officials might soon be looking into a Royal Caribbean cruise ship that ran into high winds and rough seas in the Atlantic Ocean over the weekend. Bill Nelson has called for the National Transportation Safety Board to investigate the voyage that forced frightened passengers into their cabins overnight Sunday as their...

  • Train crash in Germany kills at least 10, injures 80 Tuesday, 9 Feb 2016 | 2:44 AM ET

    BAD AIBLING, Germany— Crews using helicopters and boats rescued dozens of people from the wreckage of two German commuter trains that crashed head-on Tuesday in an isolated part of Bavaria, killing at least 10 and leaving authorities trying to determine why multiple safety measures failed. The trains crashed on a stretch of track running between a river and a...

  • MONTREAL/ WASHINGTON Feb 8- Global aviation experts agreed on Monday to the first emissions-reduction standards for aircraft in a deal that will take effect with new models in four years, but environmental groups said the carbon dioxide cuts did not go far enough. The standards are aimed at makers of small and large planes alike and will apply to all new aircraft...

  • MONTREAL/ WASHINGTON Feb 8- Global aviation experts agreed on Monday to the world's first carbon dioxide emissions standards for new and existing aircraft programs, in a deal that environmental groups said does not go far enough. The new standards, aimed at makers of small and large planes alike, will apply to all new aircraft models launched after 2020, the...

  • WASHINGTON— A U.N. panel on Monday proposed long-sought greenhouse gas emissions standards for airliners and cargo planes, drawing praise from the White House and criticism from environmentalists who said they would be too weak to actually slow global warming. The International Civil Aviation Organization said the agreement reached by the agency's...

  • 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...

  • SACRAMENTO, Calif.— California voters embraced the idea of building the nation's first real high-speed rail system, which promised to whisk travelers from San Francisco to Los Angeles in under three hours, a trip that can take six hours or more by car. In the second phase of a court challenge filed in 2011, attorneys for a group of Central Valley farmers will argue...

  • MOGADISHU, Somalia— Security video footage taken at Mogadishu airport shows two men handing what looks like a laptop computer to the suspected suicide bomber after he passed through the security checkpoint, Somalia's government spokesman said Sunday. The man who received the laptop is the suspected suicide bomber who was blown from the Daallo Airlines jet...

  • 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...

  • 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...

  • 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...

  • Most expensive car ever auctioned? It depends Friday, 5 Feb 2016 | 2:26 PM ET
    A 1957 Ferrari 315 335 S Scaglietti Spyer, Collection Bardinon. The coveted 1957 Ferrari has become one of the most expensive cars ever sold at auction.

    Due to a quirk in auction locations and currency exchange rates, the title for the most expensive car ever auctioned is in dispute.

  • Investors make blind bet in Uber's latest deal Friday, 5 Feb 2016 | 11:46 AM ET
    Uber

    Just how much are some investors are willing to give up to gain a piece of the hottest start-up? The New York Times reports.

  • 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...

  • PARIS, Feb 5- Airbus is renegotiating delivery schedules for its revamped A320neo jet and has told some airlines the aircraft will be delayed by about two months, industry sources said. So far, Airbus has delivered one aircraft to Germany's Lufthansa. The launch customer was originally supposed to be Qatar Airways but it rejected the aircraft due to a longer than...

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