US Airways, JetBlue and Alaska turn profits, helped by fees and cheaper fuelDALLAS — Three U.S. airlines said Thursday that they made money in the April-June quarter, the start of the summer travel season, with help from cheaper jet fuel and extra fees on passengers. Administration proposes legislation to give regulators power over at-risk financial companiesWASHINGTON — The administration on Thursday sent Congress legislation that would enable the federal government to take over large financial institutions whose collapse could undermine the entire financial system. Japan’s export fall by smallest margin in 6 months as recession easesTOKYO — Japan’s exports in June fell by the smallest margin in six months, adding to evidence that global demand is recovering as the recession loosens its grip. GM, Chrysler defend cutting of dealerships under bankruptciesWASHINGTON — General Motors and Chrysler defended their plans Wednesday to eliminate about 3,000 dealerships, calling it a vital piece of their strategy to rebound from government-led bankruptcies. CFTC chief: agency ’seriously considering’ index trading limits amid concern over wheat pricesWASHINGTON — Federal regulators are “seriously considering” restrictions in the wheat futures market being urged by lawmakers concerned over speculation they say has artificially inflated prices, hampering risk management by farmers and grain processors. Wheat, corn, oats, soybeans fall on the Chicago Board of Trade; beef, pork futures trade lowerCHICAGO — Agriculture futures were lower Tuesday on the Chicago Board of Trade. Afghan troops stop Taliban bombers in 2 cities, 14 killedGARDEZ, Afghanistan — Suspected Taliban militants launched near-simultaneous assaults Tuesday on Afghan and U.S. facilities in two eastern cities in attacks that killed six Afghan police and intelligence officers as well as eight insurgents. Ahead of Biden visit, Georgian leader proposes electoral reforms, more TV clout for oppositionTBILISI, Georgia — Georgian President Mikhail Saakashvili offered his opponents electoral reforms Monday, and called for political unity in the face of a common enemy — referring to Russia as an occupying foe with forces a few dozen kilometers (miles) from the capital. Sources: CIT Group’s board reaches deal with bondholders on rescue loan, avoiding bankruptcyWASHINGTON — The board of CIT Group Inc., one of the nation’s largest lenders to small and midsize businesses, approved a deal with major bondholders to keep the company out of bankruptcy, said two people briefed on the talks. Report: Business lender CIT Group’s board approves $3 billion rescue loan to avoid bankruptcyNEW YORK — CIT Group Inc.’s board approved a deal with major bondholders to keep the company out of bankruptcy with a $3 billion rescue loan, according to published reports. Obama to Congress: Don’t squander chance to make meaningful changes to health care system nowWASHINGTON — President Barack Obama told the nation Saturday his health care overhaul is financially sound, but a new analysis by congressional budget experts of emerging House legislation said it would increase deficits by $239 billion over a decade. Stocks trade in tight range amid unease over CIT; Investors pause after week’s steep rallyNEW YORK — Unease about financial companies sidelined the stock market’s three-day rally. Stock futures moved higher after better-than-expected weekly jobless dataNEW YORK — Stock futures are mostly higher after a report showed new unemployment insurance claims unexpectedly fell last week. Stock futures move higher after JPMorgan Chase earnings easily beat expectationsNEW YORK — After rallying on better-than-expected earnings throughout the week, investors are modestly moving into the market Thursday after JPMorgan Chase & Co.’s earnings were the latest to beat estimates. Singapore central bank posts $6.3 billion loss as financial crisis batters assetsSINGAPORE — Singapore’s central bank said the financial crisis and global recession battered its assets last year, dragging it to a loss of more than $6 billion. Firefighter at center of Supreme Court case has career marked by triumphs, legal skirmishesNEW HAVEN, Conn. — Frank Ricci’s name is on the lips of almost every senator in the Supreme Court nomination hearings of Sonia Sotomayor. His buddies know the 35-year-old New Haven firefighter by other names. A guide to head-scratching lingo in Sotomayor’s Supreme Court confirmation hearingsWASHINGTON — Not everyone participating in Sonia Sotomayor’s Supreme Court confirmation hearing is a lawyer, so the terms flying back and forth can get baffling. Meltdown 101: A trillion dollars in red ink _ and the budget year isn’t even over yetWASHINGTON — In a year of eye-popping numbers, add one more: The government’s annual budget deficit has topped $1 trillion. SEC accuses Lancelot Investment of investing more than $2 billion in alleged Ponzi schemeCHICAGO — Lancelot Investment Management and its owner have been accused by the U.S. Securities and Exchange Commission of aiding a multibillion dollar Ponzi scheme. Citigroup shuffles executives, former chief financial officer Crittenden leaving the bankNEW YORK — Citigroup Inc. shuffled its top management again Thursday, naming its third chief financial officer of the year and bringing in a new head of its Citibank division as it returns its focus to traditional banking. Obama seeks momentum for climate change deal, but richer, developing nations remain dividedL’AQUILA, Italy — President Barack Obama says the global recession makes it harder to strike an international climate agreement but that leaders must “fight the temptation toward cynicism” and press forward. Shrinking endowment forces Shriners fraternal group to consider closing 6 childrens hospitalsSAN ANTONIO — For generations, children with clubbed feet, severe burns and other debilitating injuries have been treated for free at Shriners hospitals. That care could be in jeopardy. Chand Mohammed in hospital with multiple fractures
OPEC forecast for oil demand predicts lasting crimp due to world recessionVIENNA — Demand for OPEC crude has fallen so sharply because of the world recession that it will take another four years to recover to 2008 levels, the 12-nation oil producers’ organization predicted Wednesday. GOP candidates in Virginia, New Jersey wary of potential campaign help from PalinNEW YORK — Sarah Palin’s decision to step down as Alaska governor was driven in part by her wish to help Republican candidates across the country, associates say. Former US attorney general to teach political science at Texas TechLUBBOCK, Texas — Alberto Gonzales, who resigned as U.S. attorney general two years ago, is coming to Texas Tech this fall to teach political science. AP Exclusive: Indiana considers canceling IBM-led welfare project if no improvements by fallINDIANAPOLIS — Indiana’s privately run welfare project has so many problems that the state could start taking steps to cancel its $1.16 billion contract with IBM as early as this fall, a state official said Tuesday. During Moscow summit, President Obama plans charm offensive to improve U.S.’s battered imageMOSCOW — Barack Obama dolls have hit Moscow shelves and a bar is handing out half-price cocktails to anyone who says the magic words “Yes we can” in anticipation of the American president’s arrival here Monday for a summit. Asian stocks fall as gloomy US jobs report douses economic hopes; oil flat after tumblingHONG KONG — Asian stocks retreated Friday as a weaker-than-expected U.S. jobs report signaled more pain ahead for the world’s largest economy. Big prizefight payday could help ‘Money’ Mayweather parry $6M haymaker from IRSLAS VEGAS — Floyd Mayweather Jr. has said rumblings about his financial troubles are nothing more than rumors, but public records obtained by The Associated Press show the boxer nicknamed “Money” owes about $6.4 million to the Internal Revenue Service and others. |
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NEW DELHI - Chand Mohammed, the former Haryana deputy chief minister, was admitted to a hospital here with multiple fractures and hip dislocation, sources close to his family said Wednesday.
