Financial
New American Airlines CEO vows to make merger work PDF  | Print |  E-mail
Written by DAVID KOENIG, AP Airlines Writer   
Monday, 09 December 2013 07:15

FORT WORTH, Texas (AP) — American Airlines and US Airways seem an unlikely couple, even to the man who will lead the combined company after their merger on Monday.

Doug Parker says, however, that American's buttoned-down, corporate culture will be the perfect complement to his scrappy US Airways, where "we sometimes fire before we're ready."

At his spartan, temporary office in American's Fort Worth headquarters, the longtime US Airways CEO sat down for a wide-ranging interview with The Associated Press.

Parker talked about the merger, the government's attempt to block the deal, looming competition from foreign airlines, and the public's perception of air travel. The answers have been edited for length and clarity.

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As wine fakers get sharper, industry fights back PDF  | Print |  E-mail
Written by SARAH DiLORENZO, Associated Press   
Sunday, 08 December 2013 07:27

SAINT-EMILION, France (AP) — An FBI agent recently showed Arnaud de Laforcade a file with several labels supposedly from 1947 bottles of Chateau Cheval Blanc, one of France's finest wines. To the Saint-Emilion vineyard's CFO, they were clearly fakes — too new looking, not on the right kind of paper.

But customers may be more easily duped.

Regardless of his skill, the counterfeiter had ambition: 1947 is widely considered an exceptionally good year, and Cheval Blanc's production that year has been called the greatest Bordeaux ever. The current average price paid for a bottle at auction is about $11,500, according to truebottle.com, which tracks auctions and helps consumers spot fakes.

Counterfeiting has likely dogged wine as long as it has been produced. In the 18th century, King Louis XV ordered the makers of Cotes du Rhone to brand their barrels with "CDR" before export to prevent fraud.

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Five trends beneath the surface in Nov. jobs report PDF  | Print |  E-mail
Written by JOSH BOAK, AP Economics Writer   
Sunday, 08 December 2013 07:28

WASHINGTON (AP) — As the U.S. job market improves, it's also evolving, with winners and losers.

Warehouses and trucking companies are doing more holiday hiring than the stores they're working for.

Factory workers are getting more overtime, while pay is nearly flat for hotel and restaurant employees. Retirement-age Americans are staying on the job.

And for people who've been out of work for more than six months, the outlook has gone from painful to desperate.

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DHL breaks ground on new O'Hare cargo facility PDF  | Print |  E-mail
Written by Associated Press   
Sunday, 08 December 2013 07:25

CHICAGO (AP) — DHL has broken ground on a $35 million cargo facility at Chicago's O'Hare International Airport.

The DHL Global Forwarding Center will have offices and more than 420,000 square feet of warehouse space. It will be the largest facility of its type for the company inside the United States.

Mayor Rahm Emanuel took part in a groundbreaking ceremony for the facility on Friday.

The city says the project will create hundreds of construction jobs and bring 500 permanent jobs to Chicago.

Emanuel said the center will greatly expand cargo operations at O'Hare, one of the nation's most important air transport hubs.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
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