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FAA Update: IRS Says No Tax Refunds For Ticket Holders

The Federal Aviation Association issued a statement Friday that no refunds will be given for ticket holders who flew during the temporary FAA hiatus. Meanwhile, airlines will not be able to keep the $400 million windfall in increased ticket prices; says IRS is to blame.

Apple Released iOS 5 Beta 5 Today, Throttles iOS 5 Slots Sold To Non-Developers

Apple iOS 5
As the fall release of iOS 5 - the latest version of the world's most advanced mobile operating system - approaches, iOS 5 beta 5 was released today for developers to download at Apple's iOS developer website. In the meantime, Apple reportedly started to close the accounts of some iOS 5 developers for selling their slots for UDIDs, the unique identification numbers associated with every iOS device.
Actors Cory Monteith (L), Chris Colfer (C) and Lea Michele are seen in this July 14, 2011 combination photo.

Fox tries to play down furor over "Glee" graduates

Fox television on Friday confirmed that three lead characters of its high school musical comedy "Glee" would be "graduating" at the end of the upcoming season, but tried to play down a fan furor over their exit.
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Jobless claims edge down last week

New laims for unemployment benefits were little changed last week, a government report showed on Thursday, pointing to a marginal improvement in the labor market.
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Analysis: Down-to-wire debt deal tests corporate ties

Corporate America is not likely to punish Republicans who ignored their pleas and voted against a bill to raise the U.S. debt ceiling, looking to court them for bigger fights ahead, according to business lobbyists.
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Garmin sees gloom before revival in late-2012, shares down

Garmin Ltd's efforts to revive waning sales of its once popular personal navigation devices will only bear fruit in the second half of next year, as many consumers have turned to free navigation apps on their smartphones and tablets.
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Stock Futures Down On U.S. Credit Downgrade Worries

Wall Street equity futures were lower on Tuesday as a last-minute congressional deal to raise the U.S. debt ceiling failed to ease worries about a possible U.S. credit downgrade as questions lingered over the economy's strength.
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Stock futures down on U.S. credit downgrade worries

Wall Street equity futures were lower on Tuesday as a last-minute congressional deal to raise the U.S. debt ceiling failed to ease worries about a possible U.S. credit downgrade as questions lingered over the economy's strength.
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Wall Street ends down

The S&P 500 fell for a sixth day on Monday as time runs out for the government to pass a deal to avoid default and the economy showed further signs of stalling.
Post-Google Deal Revelation Microsoft Launch Patent Infringement Suit Against Motorola

Droid Bionic in Sept., Xoom Sales Down

Motorola Mobility announced a disappointing quarter and outlook, but light was at the end of the tunnel for smartphone fans as it said its Droid Bionic was on its way.
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$2.5 Billion Airport Improvement Program in Limbo as FAA Shuts Down

Construction projects underway at airports across the U.S. have come to a halt following the Federal Aviation Administration?s (FAA) closure last Friday. As per official estimates, the Airport Improvement Program across the fifty states is pegged close to $2.5 billion.

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