United Airlines News
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Delta Air Lines Inc. executives said they are optimistic about inclusion in the Standard & Poor’s 500 Index, the benchmark gauge for U.S. equities, as they improve the carrier’s credit profile so it approaches investment grade.
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Deutsche Lufthansa AG and United Continental Holdings Inc. reached a settlement with European Union regulators, ceding sufficient slots for a single daily flight between Frankfurt and New York in exchange for approval of their A++ trans-Atlantic venture also involving Air Canada.
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Airlines are stepping up competition for full-fare passengers between New York and Los Angeles, with lie-flat seats, pricey French wines and personal valets to whisk travelers from curb to gate without wasting time in lines.
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Asian stocks retreated from the highest level since June 2008 as Australian banks dropped and Industrial & Commercial Bank of China Ltd. fell after Goldman Sachs Group Inc. sold a $1.1 billion stake.
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Japan’s Topix Index extended a 4 1/2- year high as steelmakers rallied and GS Yuasa Corp. jumped after Dreamliner flights resumed in the U.S. Gains were limited as property developers slid.
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GS Yuasa Corp., the maker of lithium- ion batteries for Boeing Co.’s 787 Dreamliner, rose by the most in more than four years after United Airlines, the only U.S. operator of the plane, resumed flights yesterday.
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World Trade Center Properties LLC lost its bid to prevent American Airlines and its parent AMR Corp. from raising “act of war” as a defense to its alleged negligence in the Sept. 11, 2001, terrorist attacks.
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Boeing Co.’s 787 Dreamliner cleared another hurdle in restoring its image as United Airlines, the only U.S. operator, resumed flights today after the jet’s lithium-ion battery flaws forced a three-month grounding.
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Boeing Co. Chief Executive Officer James McNerney is open to another increase in production rates for the 787 Dreamliner so the world’s largest planemaker can shrink a backlog of 840 jets.
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The Federal Communications Commission took a step toward improving Web access for air travelers, voting to write rules to open frequencies for an air-to-ground Internet service proposed by Qualcomm Inc.
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