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by Tim Beyers - October 6, 2009 - 1 comments

Watch out, travelers. Airlines have a new profit plan: surcharges.

Late last month, AMR's (NYSE: AMR) American Airlines added a "miscellaneous" surcharge of $10 each way for domestic travel on the Sunday following Thanksgiving, and the weekend of Jan. 2-3, 2010. UAL's (Nasdaq: UAUA) United Airlines, US Airways (NYSE: LCC), and Delta Air Lines (NYSE: DAL) have not only copied American in imposing the surcharge, but upped the ante, adding 10 more travel dates.

October 6, 2009 - 0 comments

New York -- The use of self-service airport kiosks to manage pedestrian traffic through U.S. airports has grown 20 percent in 2009, airport technology company SITA said.

by Jamie Anderson - October 5, 2009 - 0 comments

New York, October 5 -- Three more large investment funds have met the criterion and will partake in the Public-Private Investment Program (PPIP) to purchase toxic assets from banks.

by Jamie Anderson - October 5, 2009 - 0 comments

New York, October 5 -- Financial services behemoth Goldman Sachs Group Inc. (NYSE: GS) will be entitled to demand an amount of $1 billion from CIT Group Inc. (NYSE: CIT) in the event of the latter filing for Chapter 11.

by Jaspreet Virk - October 3, 2009 - 0 comments

New York, October 3-- In yet another shutdown, the federal regulators on Friday closed three more banks in the nation, bringing the total to 98.

by Jaspreet Virk - September 29, 2009 - 2 comments

New York, September 29 -- In a move to strengthen its foothold in the $21 billion global instant coffee market, Starbucks Corp. will roll out its Via instant coffee to hundreds of new locations in the U.S. and Canada, beginning today.

by Kimberly Reid - September 25, 2009 - 0 comments

New York, September 25 -- Confirming its growing importance, G20 group of nations will replace the G8 as the permanent council for economic co-operation.

by Jaspreet Virk - September 22, 2009 - 0 comments

New York, September 22 -- Bank of America said Monday that it will pay the government $425 million to cancel an arrangement whereby the government would have shared losses on risky assets after the bank's acquisition of Merrill Lynch & Co.

by Rich Duprey - September 21, 2009 - 0 comments

True penny stocks are a minefield, but small-cap copper beauties can be one way to easily double your money.

by Kimberly Reid - September 21, 2009 - 0 comments

New York, September 21 -- Wynn Resorts Ltd. is seeking to raise as much as $12.6 billion in Hong Kong listing of its Macau casino assets, according to The Wall Street Journal which cited unnamed people familiar with the matter.

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