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Airline Sunset

Airlines Brace for Heavy Impact of Europe Crisis

The airline industry's leading trade group warned on Wednesday that airlines worldwide face over $8 billion in losses next year if Europe's politicians fail to get to grips with the region's debt crisis.

Hyundai to Raise Indian Car Prices by 1.5-2 Percent in 2012

Hyundai Azera
South Korean automobile manufacturers, Hyundai Motor (005380.KS), will raise prices of its cars in India by about 1.5 to 2 percent from January, the firm said on Wednesday, as it combats high inflation, rising fuel costs and a weaker rupee.
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Toll Brothers

Toll Brothers' 4Q Earnings Beat Estimates

Toll Brothers Inc., the largest U.S. luxury home builder, reported a net income of $15 million in the fiscal fourth quarter ending Oct. 31, or nine cents per diluted share, down from $50.5 million, or 30 cents per share, in 2010.
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Donations Staying Closer to Home This Holiday Season

When he retired two years ago, David Moskowitz promised himself he'd donate about 10 percent of his fixed income annually to charity. The 63-year-old from Niles, Illinois, had rarely deviated from his list of causes until two events this year made him reevaluate: the rise of Occupy Wall Street and the foreclosure on a neighbor's home after a layoff.
October building permits unexpectedly jump

October building permits unexpectedly jump

The value of Canadian building permits unexpectedly soared by 11.9 percent in October from September, as strength in the populous province of Ontario helped end three consecutive monthly falls, Statscan data indicated on Tuesday.

Bank of Canada holds rates, cites deeper euro crisis

The Bank of Canada kept its overnight interest rate at 1 percent on Tuesday, as expected, and gave no suggestion of an impending rate cut even though its view of the European debt crisis has clearly darkened.
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Gilt Chairman Susan Lyne shares upside to failure

Susan Lyne, chairman of Gilt Groupe, Inc. and former president of ABC Entertainment, talked about learning from failure and adjusting to digital realities during TheWrap's third-annual Power Women breakfast Monday morning at the Hotel Bel-Air.
traders_stock market

Leading Indicator: Current Rally in Equities Has Three Months Left In It

The Citigroup Economic Surprise Index (CESIYUSD), a closely watched index that compares economists' expectations for key indicators and actual results, is at a peak. If trends are to be believed, it's three months from a cyclical nadir -- a point that has signaled a stock market correction in the past.
Ford Motor Company CEO Alan Mulally

Ford Motor Co. Searching for CEO Alan Mulally's Replacement: Report

People familiar with the matter told The Wall Street Journal that Ford is already in the process of reviewing candidates to take over for Mulally, who is expected to leave the company within two years. Mulally took over for chairman Bill Ford Jr. as CEO five years ago after a long stint at Boeing as an engineer and top executive.

Financial Stocks End Strange Day on Odd Note

A strange and winding day for the shares of major U.S. financial companies ended as oddly as it began, as shares of major U.S. banks seemed to brush off bad news on sovereign debt ratings that rattled the wider market and shares of five of the biggest financial institutions traded on the New York Stock Exchange ended the session on a sell imbalance.
WestJet warns later bookings to hold back revenue

WestJet warns later bookings to hold back revenue

WestJet Airlines Ltd, Canada's No. 2 airline, said on Monday its flights in November were not as full as a year earlier and warned delayed holiday bookings would hold back a revenue benchmark in the current quarter.

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