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  • DALLAS— Southwest passengers endured a third straight day of canceled and delayed flights as the airline struggled to resume normal operations on Friday. Tracking service FlightStats Inc. reported that by mid-afternoon about 300 Southwest flights had been canceled and 1,200 more delayed. Southwest canceled nearly 1,500 flights and 4,500 others were...

  • Senate President Steve Sweeney and Assembly Speaker Vincent Prieto, both Democrats, announced a deal Friday that also would phase out the estate tax and make other tax cuts. New Jersey's Senate president says he's confident a new proposal that boosts the state gas tax by 23 cents a gallon to fund transportation projects can get a veto-proof majority in both...

  • *2nd- qtr profit $1.77/ shr vs est. July 22- American Airlines Group Inc reported a better-than-expected quarterly profit as fuel costs fell and the world's largest airline said it would defer taking delivery of 22 Airbus planes to be able to adjust capacity according to demand. American said it expected revenue per available seat mile to fall 3.5-5.5 percent in...

  • The world's largest airline reported declines on both the top and bottom lines, but managed to beat analysts' expectations.

  • NEW YORK, July 22- General Electric Co on Friday reported a sharp rise in adjusted net income in the second quarter, as its aviation, healthcare and power businesses countered weak demand for oil and gas and transportation equipment. The figure included a gain of 20 cents a share from the sale of GE's appliances business to Qingdao Haier Co Ltd, which closed in June.

  • 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...

  • FORT WORTH, Texas— American Airlines' second-quarter profit fell 44 percent from a year ago, to $950 million, as taxes, lower revenue and higher labor costs offset another big drop in fuel. American, the world's biggest airline, said Friday that net income amounted to $1.68 per share and compared with $1.7 billion, or $2.41 per share, in last year's second quarter.

  • 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, July 22- General Electric Co on Friday reported a sharp rise in adjusted net income in the second quarter, as its aviation, healthcare and power businesses countered weak demand for oil and gas and transportation equipment. GE's adjusted earnings per share of 51 cents a share topped the 46 cents a share analysts expected, according to Thomson Reuters...

  • HONG KONG— As investigators prepare to wind down the Malaysia Airlines Flight MH370 search after more than two fruitless years, the airline industry is still working to raise safety standards to prevent another plane from going missing. Earlier this year, the International Civil Aviation Organization, spurred by MH370, moved to tighten up safety standards.

  • NEWARK, N.J.— The state's Democratic legislative leaders announced Friday they have agreed on a new plan to fund transportation projects by boosting the state's gas tax and cutting other taxes, a proposal immediately criticized by Republican Gov. Senate President Steve Sweeney and Assembly Speaker Vincent Prieto announced the proposal a day after Christie...

  • The Australian ship HMAS Toowoomba in the search zone for debris from Malaysia Airlines flight MH370 on April 1, 2014 in Perth, Australia.

    The search for MH370 will be "suspended" if the plane is not found in the current search area, Reuters reports.

  • PUTRAJAYA, Malaysia— The more than two-year-long hunt for Malaysia Airlines Flight 370 will be suspended once the current search area in the Indian Ocean has been completely scoured, the three countries conducting the operation announced Friday, possibly ending all hopes of solving aviation's greatest mystery. Some families of the lost plane's 239...

  • TOKYO/ SINGAPORE, July 22- Asian stocks dipped on Friday after weak corporate results halted Wall Street's record run overnight, while the yen held to large gains made after the Bank of Japan governor downplayed the need for "helicopter money" stimulus. European markets are also likely to open lower, with financial spreadbetter CMC Markets expecting Britain's...

  • 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...

  • TOKYO/ SINGAPORE, July 22- Asian stocks dipped on Friday after weak corporate results halted Wall Street's record run overnight, while the yen held to large gains made after the Bank of Japan governor downplayed the need for "helicopter money" stimulus. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4 percent. China's CSI 300 index and the...

  • SYDNEY, July 22- U.S. corn edged lower on Friday and was poised for weekly losses of nearly 5 percent as weather forecasts indicated an easing of unfavourable weather conditions across key U.S. growing regions, reducing fears of widespread crop losses. *The most active corn futures on the Chicago Board Of Trade were set for a fifth straight weekly slide.

  • *Weak results from Intel and transport companies weigh on Wall St. TOKYO, July 22- Asian stocks dipped early on Friday after weak corporate results halted Wall Street's record run overnight, while the yen held to large gains made after the Bank of Japan's governor downplayed the need for "helicopter money" monetary policies. MSCI's broadest index of Asia-Pacific...

  • 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...

  • A Dunkin Donuts worker hands cups of coffee and boxes of donuts to a customer.

    Dunkin' Brands shares fell as much as 4 percent after the company reported weaker-than-expected sales growth and headwinds in international markets.

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