American Airlines Thursday reported a profit in its first full quarter since acquiring US Airways, benefitting from lower fuel costs and a gain from the sale of some airport slots. American, the biggest US airline by revenue, said first-quarter net income was $480 million, compared with a loss of $297 million from the combined year-ago results of American and US Airways. American and US Airways closed their merger in December 2013. The airline also notched $137 million in special credits due mainly to the sale of airport slots at Reagan National Airport in Washington that was mandated by antitrust regulators for approval of the US Airways deal.
Munich (Germany) (AFP) - Formula One supremo Bernie Ecclestone went on trial in Germany on Thursday, denying charges of bribery that threaten to land the British billionaire in jail. Ecclestone, 83, is accused of paying a German banker tens of millions of dollars to ensure his continued grip on the motor sports empire he built up virtually single-handedly over four decades. The mop-topped, diminutive F1 magnate entered the packed Munich courtroom in his trademark black suit and white shirt, saying only: "I'm confident, the sun is shining." He also declared that Ecclestone does not intend to speak for now in the trial that is set to run until September.
LONDON (AP) — Kate's dilemma: What to pack for a two-week trip, when your itinerary includes everything from state receptions and church services to toddler playdates and cricket games?
The number of Americans filing new claims for unemployment benefits increased more than expected last week, but the rise probably does not suggest a shift in labor market conditions as the underlying trend continued to point to strength. Initial claims for state unemployment benefits rose 24,000 to a seasonally adjusted 329,000 for the week ended April 19, the Labor Department said on Thursday.
WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits surged 24,000 to a seasonally adjusted 329,000 last week, though the gain likely reflected temporary layoffs in the week before Easter.
WASHINGTON (AP) — Orders to U.S. factories for long-lasting manufactured goods posted a solid gain for the second straight month in March. A key category that signals business investment plans increased at the fastest pace in four months.
Orders for long-lasting U.S. manufactured goods rose more than expected in March and a measure of business capital spending plans surged, bolstering views of an acceleration in growth in the second quarter. The Commerce Department said on Thursday durable goods orders increased 2.6 percent as demand rose across all categories. Durable goods range from toasters to aircraft and are meant to last three years.
DALLAS (AP) — Southwest Airlines says it made a record $152 million in the first quarter, more than doubling the $59 million profit it had during the same time last year.
NEW YORK (AP) — Verizon's $130 billion deal to take over of all of Verizon Wireless is helping lift its profit.
Caterpillar's first-quarter earnings climbed 5 percent, and the construction equipment maker raised its 2014 forecast. But the company also said Thursday that a mining equipment sales slump is still hurting results.
A U.S. nurse was also wounded in the attack at a Kabul hospital, officials said.
Ukrainian government troops moved against pro-Russia forces in the east of the country on Thursday and killed at least two of them in clashes at checkpoints manned by the insurgents, the government and insurgents said. Russian President Vladimir Putin decried what he described as a "punitive operation."
Let's talk about Elizabeth Warren and her political ambitions. Because, you know, somebody has to.
TOKYO (AP) — As negotiators struggle, President Barack Obama is rejecting suggestions that an Asia-Pacific trade deal is in danger and says the U.S. and Japan must take bold steps to overcome differences that are threatening completion of the cornerstone of his strategic rebalance to the region.
TOKYO (AP) — Warning Russia that new economic sanctions are "teed up," President Barack Obama accused Moscow of failing to live up to an agreement last week to ease tensions in eastern Ukraine.
ANSAN, South Korea (AP) — Students in the city hit hardest by the South Korean ferry disaster returned to classes Thursday, their school campus a tragic landscape of yellow ribbons, chrysanthemums and photos of classmates and teachers who make up the vast majority of the more than 300 people feared dead.
The government wants to ban sales to minors and require health warning labels.
Court says inmates are not entitled to know source of drugs that will be used to kill them.
CLEVELAND (AP) — Attorneys for two women held in a Cleveland home and abused for a decade say Joan Rivers should apologize for comparing living in her daughter's guest room with the captivity they experienced.
Leica is celebrating its 100th birthday by launching an entirely new camera system. Born out of a design partnership with Audi, the unibody Leica T is an APS-C-sensored minimalistic masterpiece.
Check out this great (as always) comic from xkcd. So? Could you do this? Could a spinning human slow down the Earth? Theoretically, yes. It’s all about angular momentum In an introductory physics course, there are three big ideas. There is the work-energy principle, the momentum principle and then the angular momentum principle. I’ll skip […]
Google, Facebook, and Microsoft are teaming up to prevent another Heartbleed. Going undetected for a good two years, the Heartbleed bug threatened to reveal some of our most sensitive information. After researchers finally identified the bug earlier this month, most major websites have patched this flaw in a popular form of online encryption, but one […]
A fantastically complex Lego machine that churns out mesmerizing electronic music.
Malaysian photographer Zahir Batin likes to photograph Stormtroopers (OK, Stormtrooper action figures) doing day-to-day activities, from speeder bike stunts to battle-droid bullying.
A series of ice sculptures that take the form of space shuttles, guitars, classical Japanese architecture, and Michelangelo's David.
The spire atop One World Trade Center contains more than 1,700 LEDs and a rotating beacon visible from as far as Connecticut.
In Brick Mansions, parkour maestro David Belle shows off his wall-hurdling, window-jumping, roof-clambering skills. The movie is proof that parkour could be the greatest genre in cinema since the heyday of kung fu flicks. So why isn't Belle the new Bruce Lee? Angry Nerd blames the French.
For Blizzard's latest game—the online collectible card game Hearthstone—"epic" had to mean something different.
On a foggy night in 1888, the passenger steamer City of Chester was headed out of San Francisco Bay when disaster struck. The 202-foot boat was rammed by a much larger steamer, the Oceanic, coming into the bay from Asia. Sixteen people died in the accident, and the City of Chester quickly sank to the bottom. This multibeam sonar image from NOAA is the first look at the steamer in well over a century.