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Shares of American Airlines Group Inc. fell 48 cents to $45.55; United Continental Holdings Inc. rose 5 cents to $64.75; Southwest Airlines Co. gained 2 cents to $53.17; and Delta Air Lines Inc. was unchanged at $47.53. Warren Buffett's Berkshire Hathaway Inc. disclosed this week that it trimmed its airline investments. The firm's stakes in American, Delta,...
*FTSE 100 down 0.9 pct, mid caps fall 0.7 pct. *FTSE 100 posts small weekly gain. LONDON, Aug 18- Britain's top share index came under pressure from falls among consumer giants, financials and airline stocks, caught up in a broader risk-off move following the attack in Spain.
Cyber weapon development is being strengthened to deter attacks, punish intruders and tackle adversaries.
*IndiGo says planes grounded because no spare engines. NEW DELHI, Aug 18- India's biggest airline IndiGo said on Friday it had grounded eight Airbus A320neo jets because it could not get its hands on spare engines, the latest hit to its fleet related to the Pratt and Whitney-made engines in the aircraft. IndiGo, owned by InterGlobe Aviation, said in a statement that...
*IndiGo does not give reason for grounding of the planes. NEW DELHI, Aug 18- India's biggest airline, IndiGo, said on Friday it had grounded eight Airbus A320 neo jets, in comments that came after local media attributed the action to issues with Pratt and Whitney-made engines in the aircraft. IndiGo, owned by InterGlobe Aviation, said only eight had been grounded and...
*FTSE 100 down 1 pct, mid caps fall 0.8 pct. FTSE 100 set for slight weekly gain. LONDON, Aug 18- Britain's top share index came under pressure from falls among financials and airline stocks, caught up in a broader risk-off move following the attack in Spain.
Federal officials have issued new rules for nighttime landings and control-tower staffing at San Francisco International Airport after an Air Canada jet nearly struck planes on the ground last month. The new procedures will apply when a runway parallel to a plane's designated runway is closed, as it was on July 7, possibly contributing to the Air Canada...
NEW YORK— New York Gov. Andrew Cuomo has announced the start of major construction for a new light-filled train hall across from the cramped and dark Penn Station. A concourse linking the Farley building to the existing Penn Station across the street opened in June.
MEXICO CITY, Aug 17- A tanker carrying a cargo of about 1 million barrels of Venezuelan heavy crude has been stranded for more than a month off the coast of Louisiana for lack of a bank letter of credit to discharge, three sources have told Reuters. Major banks are cutting exposure to Venezuela as a result of political upheaval in the South American country.
NEW YORK— JetBlue Airways says fumes from nail polish remover caused two crew members to become ill on a flight from Boston to Charleston, South Carolina. It's the third time in the last week that employees or passengers have reported becoming ill from odors on a JetBlue flight. JetBlue says it has installed carbon air filters to reduce odors on planes.
BOSTON/ NEW YORK, Aug 17- Activist investor William Ackman on Thursday laid out his hedge fund's goals for Automatic Data Processing Inc, saying the human resources outsourcing company needs to streamline its business and invest in technology upgrades. Ackman's Pershing Square Capital Management disclosed earlier this month an 8 percent stake in the $50...
MADRID, Aug 17- Spanish airline Iberia, part of International Consolidated Airlines Group, aims to cut up to 955 jobs as part of a fresh round of redundancies outlined to unions, a spokeswoman for the company said on Thursday. The layoffs would involve voluntary redundancies and early retirement plans, she said, after the firm flagged plans for more job cuts in...
*Cathay sees smaller drop in ticket prices in second half of year. SINGAPORE, Aug 17- Cathay Pacific Airways Ltd shares rose as much as 6 percent on Thursday, as analysts said they believed losses had bottomed for the Hong Kong airline after it reported its worst first-half result in at least two decades. "We see some bottom out effect in some routes in terms of lower...
DALLAS— Southwest Airlines continues to have computer problems that are causing its best customers to lose a major perk— early boarding. A spokeswoman says Southwest is giving extra frequent-flyer points to A-List and A-List Preferred customers who didn't get priority boarding in the last few days. Dallas- based Southwest carries the most passengers within...
3M CEO Inge Thulin is leaving President Donald Trump's Manufacturing Advisory Council, the seventh chief executive to leave.
WASHINGTON, Aug 16- U.S. homebuilding unexpectedly fell in July as the construction of multi-family houses tumbled to a 10- month low, but strong job growth is expected to continue to support the housing market recovery. Housing starts declined 4.8 percent to a seasonally adjusted annual rate of 1.16 million units, hurt also by a drop in groundbreaking on...
Credit cards are now a better way to earn points or miles than flying itself.
DALLAS— Airline loyalty programs are losing much of their allure even for frequent flyers, and the rules for navigating the system have changed. Frequent-flyer programs get relatively little attention from Wall Street, and their financial importance to the airlines is not widely understood by travelers, who just hope to earn a free flight now and then.
*Housing starts fall 4.8 percent in July. WASHINGTON, Aug 16- U.S. homebuilding unexpectedly fell in July amid broad declines in single- and multi-family home construction, suggesting the housing market was struggling to rebound after slumping in the second quarter. Housing starts declined 4.8 percent to a seasonally adjusted annual rate of 1.16 million units,...
