Southwest Airlines (LUV.N) is looking for opportunities to add service in markets where other merged carriers have scaled back, the budget carrier’s Chairman and Chief Executive Gary Kelly said on Monday.
The growth opportunities are «very exciting for all of our employees who want to do more,» Kelly said in an interview.
Kelly said Southwest was paying «close attention» to cities such as Memphis, Tennessee — a former Northwest Airlines hub and a market where Delta Air Lines (DAL.N) reduced flights in last year — as well as Cleveland, a Midwestern city that United Continental Holdings (UAL.N) recently said it would drop as a hub.
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WASHINGTON — The number of Americans filing new claims for unemployment benefits fell more than expected last week, in a boost to the labor market outlook and the broader economy.
The upbeat news, however, was undermined somewhat by other data on Thursday showing a slump in U.S. exports in December. Economists said that suggested trade likely contributed a bit less to fourth-quarter economic growth than previously believed and it augurs poorly for the first three months of 2014.
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TOKYO — Japanese exports rose 15.3 percent in December but imports outpaced shipments due to a weak yen and subsequent higher fuel import costs, resulting in a record trade deficit for 2013, Ministry of Finance data showed on Monday.
The rise in exports compared with the median estimate of a 17.8 percent increase in a Reuters poll of economists and followed an 18.4 percent gain in November. Read more
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San Francisco-based snack food company Diamond Foods Inc will pay $5 million to settle civil charges that the company and two former top executives mislead investors, lying about walnut costs to boost earnings, U.S. regulators said Thursday.
The Securities and Exchange Commission alleged that the company’s former Chief Financial Officer, Steven Neil, spearheaded a scheme to under report how much money the company paid Walnut growers by pushing the recording of the payments into later fiscal periods.