BUSINESS

AMR and US Air

American Airlines-US Airways Merger: Who Wins, Who Loses?

US Airways has been very publicly circling AMR Corp., the bankrupt parent of American Airlines. Yet industry experts expressed concerns that, while a potential merger would be a boon to the labor unions, the flying public would end up footing the bill.
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A JetBlue employee assists a customer at the check-in counter at JFK International Airport in New York

Survey Names America?s Least-Hated Airline

Low-cost airlines in North America continue to outdo their traditional counterparts in passenger satisfaction, though overall airline satisfaction has declined over the past two years.
Kogan

Aussie Retailer Charging ?Tax? To Tech-Challenged Consumers

It might be time to tell your computer-feeble grandma or your hippie uncle Ned to update their copies of Microsoft Corp.'s (NASDAQ: MSFT) Internet Explorer browser from that ancient version they downloaded way back in 1999 and never bothered to update. (Update? What's that?)
Apple To Release New iMac Without A Retina Display In Late 2012?

Apple To Release New iMac In Late 2012, Early 2013?

Apple was expected to update nearly every computer for the 2012 WWDC, including every iMac, Mac Pro, MacBook Pro and MacBook Air. But while fans were generally pleased by what was announced, the iMac got no love from Apple. According to MacRumors, however, new iMacs may be hitting shelves sooner rather than later.
US Stock Market

Five Investment Tips For Less-Experienced US Stock Owners

So the financial crisis, Europe's inability to act in a big way to address its fiscal issues, and endless partisan bickering in Washington between Democrats and Republicans have prompted you to swear off stocks? Well, one school of thought argues, Panicking never made anyone a dime.
A 1993 to 2004  model year Jeep after a car fire

The Next Pinto? 5.1 Million Jeep Cars Under Fire Investigation

Up to 5.1 million Jeep Grand Cherokee, Jeep Cherokee and Jeep Liberty model SUVs may be subject to one of the largest recalls in history depending on the results of an engineering analysis by the National Highway Traffic Safety Administration (NHTSA).
OPEC

Oil Rises After OPEC Maintains Current Production Ceiling

Brent crude futures turned positive while U.S. oil extended gains on Thursday after news that OPEC had agreed to keep its collective oil output ceiling unchanged for the second half of the year at 30 million barrels per day, according to a delegate to the conference.
IBTimes Logo

Apple Newsstand Gets Much-Needed Boost From Time Inc. Magazines Deal

Time Inc., the largest magazine publisher in the U.S., has decided to embrace digital distribution. On Wednesday, Time Inc. announced that it will make all of its magazines available over the Newsstand application built by Apple, which exists on its iPhone, iPad, and iPod Touch devices.
AOL chairman and Chief Executive Officer Tim Armstrong speaks at the Reuters Global Media Summit in New York

AOL Management Defeats Starboard Value Board Challenge

AOL (NYSE: AOL), the No. 7 website, said management had re-elected all its candidates to the board of directors, defeating three challengers nominated by Starboard Value Management, a hedge fund that owns 5.3 percent of the company.
Volkswagen And Porsche Logos

VW Will Accelerate Porsche Acquisition, Pay More

Volkswagen AG (Frankfurt: VOW) will pay ?600 million ($750 million) more than originally expected for the remaining 50.1 percent of sports car maker Porsche, bringing the total cost of the acquisition to ?4.5 billion, up from ?3.9 billion, according to Bloomberg.

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