American Airlines Group Inc. will drop daily nonstop service between Washington’s Reagan National Airport and 17 cities, enabling the sale of flying rights for regulatory approval of its US Airways Group Inc. merger.
Jerome Kerviel was sentenced to three years in prison and ordered to repay Societe Generale SA ’s 4.9 billion-euro ($6.8 billion) trading loss by a judge who said the former trader’s actions threatened the bank’s existence.
Just as Gulf Coast banks were beginning to rebound from hundreds of millions of dollars of losses on real estate, a wave of toxic goo approaching the Florida Panhandle may smother some of their progress.
It’s supposed to be high season in Biloxi, Mississippi, but George Griffith stands on a stretch of beach where seagulls, tacking into a bullying southeast wind, easily outnumber the dozen or so die-hard tourists testing the surf.
Bruce Berkowitz won the battle to change management at St. Joe Co ., the money-losing Florida landowner. Now, he has to figure out how to make its forests and swamps profitable as short sellers bet against the shares.
Deutsche Bank AG salesman Jon-Paul Rorech didn’t illegally disclose information on a bond sale to a hedge-fund manager, a judge ruled in U.S. regulators’ first lawsuit alleging insider trading of credit-default swaps.