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U.S. markets recover from steep losses
LONDON, Aug. 11 (UPI) -- News that British authorities had foiled an airline terror plot this week is not expected to wreak havoc on carriers' bottom line.
Ray Neidl, a Calyon Securities Inc. analyst, says he doesn't expect lots of traveler cancellations in the near term, but if passengers do cancel flights through the Labor Day weekend, the industry may be forced to offer fare sales to boost passenger levels, the Washington Post reported Friday.
"We're going to have to monitor the operations during the next few days, but it's unlikely there will be any long-term implications," Neidl says.
There might, however, be a decline of traffic on short flights as potential flyers opt to take a train or drive to avoid newly lengthened lines.
"If you have to spend two or three hours waiting for a flight, it might be quicker to drive," says analyst Helane Becker of Benchmark Co.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
A new labor agreement between Lockheed Martin and workers at three company facilities has been ratified and is now in effect.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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