Business Blog

Southwest Airlines co-founder dies at 83

June 28 (Reuters) - Rollin King, co-founder of the affordable carrier Southwest Airlines LUV.N , has died at age 83, the airline said on Saturday. King passed away from undisclosed causes on Thursday, Southwest Airlines said in a statement. "I...

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CORRECTED-All is not lost for Ex-Im Bank amid Republican jockeying

(Corrects to delete reference in paragraph 20 to compromise idea floated by Carolyn Maloney. Maloney does not favor new limits on aircraft finance.) By Emily Stephenson and Susan Cornwell WASHINGTON, June 27 (Reuters) - The U.S. Export-Import Bank, derided by conservative critics as an expensive boondoggle, may win a reprieve from what looked like almost certain death in Congress i

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UPDATE 1-Ukraine rebels free OSCE monitors, 3 Ukrainians killed in attack

(Adds detail, background) By Aleksandar Vasovic DONETSK, Ukraine, June 28 (Reuters) - Pro-Russian separatist rebels in eastern Ukraine on Saturday released a second group of four monitors from the Organization for Security and Cooperation in Europe...

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U.S. agency probes Nissan Versa over speed control

WASHINGTON, June 28 (Reuters) - U.S. safety regulators are investigating complaints that a carpet cover trim panel is causing unwanted acceleration in Nissan Versa cars and preventing drivers from braking. According to a document posted online on...

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Gunmen kill four Egyptian soldiers in North Sinai -state media

CAIRO, June 28 (Reuters) - Gunmen killed four Egyptian soldiers belonging to the central security apparatus near Rafah in North Sinai on Saturday, state media reported. The gunmen forced the soldiers, who were returning from a holiday and dressed in...

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American Apparel adopts shareholder rights plan

NEW YORK, June 28 (Reuters) - American Apparel Inc APP.A has adopted a one-year shareholder rights plan to help its board of directors better protect its stockholders and ensure they are treated fairly, the company said on Saturday. The company said...

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