Business

Business News

  • American braces for job cuts American braces for job cuts

    Many more job cuts, likely totaling more than 6,000, are likely at American Airlines as the nation's biggest airline hunkers down and tries to survive record high fuel costs. Read more »

  • Bank regulations need overhaul Bank regulations need overhaul

    The United States must build a tougher regulatory system that can allow financial institutions to fail without causing wider economic turbulence, U.S. Treasury Secretary Henry Paulson said Wednesday in London. Read more »

  • Cuban travel law temporarily blocked Cuban travel law temporarily blocked

    A federal judge on Tuesday temporarily blocked a new Florida law that would have imposed a stiff bond and other restrictions on travel agencies and charter companies booking trips to Cuba. Read more »

  • Iraqi oil up for bids Iraqi oil up for bids

    The Iraqi government opened six oil fields to international bidding Monday as the nation attempts to boost daily production by 60 percent. Read more »

  • Fed wants easy bank investing Fed wants easy bank investing

    The Federal Reserve is looking into making it easier for private equity firms to invest in banks, a move that could usher new capital infusions to cash-hungry banks and help them cope with credit problems. Read more »

  • Busch stops selling energy drinks Busch stops selling energy drinks

    Anheuser-Busch Cos. will quit selling caffeinated alcoholic drinks as part of a legal settlement, attorneys general for several states said Thursday. Read more »

  • Worsening credit on the way? Worsening credit on the way?

    American Express Co. has ended another round of litigation with a rival card company, but still faces serious headwinds from its customers. Read more »

  • In-flight Web access In-flight Web access

    American Airlines says customers will be able to test in-flight Internet access on two flights beginning Wednesday, with broader service expected to begin in the following couple weeks. Read more »

  • United Airlines cuts pilots United Airlines cuts pilots

    United Airlines said Monday it plans to eliminate about 950 pilot jobs beginning this summer in addition to an already announced plan to cut 1,600 salaried positions and reduce its fleet. Read more »

  • Gas prices affecting lawn mowing Gas prices affecting lawn mowing

    When Eric King moved from his apartment in Pittsburgh to a single-family home with a lawn, he bought a manual lawn mower instead of the usual gas-powered kind. He figures he's putting money in his pocket and saving trips to the filling station. Read more »

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