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Southwest misses Street 1Q forecasts, shares drop early

The Associated Press  |  Posted   Apr 27th - 6:02am

Southwest Airlines' first-quarter earnings fell 32 percent as it flew more passengers but took in less revenue on average from each one. Rising costs for fuel and labor weighed on the airline.

American Airlines tops 1Q profit forecasts

The Associated Press  |  Posted   Apr 27th - 6:00am

American Airlines Group Inc. is reporting first-quarter earnings of $234 million.

Strike ends at South African Airways after court ruling

The Associated Press  |  Posted   Apr 27th - 6:00am

South African Airways says cabin crewmembers whose strike forced some flight cancellations have returned to work after a court order.

Ford 1Q profit down on recalls, lower sales, but tops Street

The Associated Press  |  Posted   Apr 27th - 5:53am

Ford Motor Co.'s net income fell 35 percent to $1.6 billion in the first quarter as it was hit by costly recalls, lower sales and rising prices for steel and other materials.

European Central Bank keeps stimulus on hold as risks loom

David McHugh, Associated Press  |  Posted   Apr 27th - 5:53am

The European Central Bank has left its stimulus program unchanged as it waits for the continent's political situation to settle down and held off Thursday from signaling any retreat from its efforts to support the strengthening economy.

Trump tax plan leaves Congress, Ryan with heavy lift

Stephen Ohlemacher and Josh Boak, Associated Press  |  Posted   Apr 27th - 5:53am

President Donald Trump's plan to overhaul the U.S. tax code leaves much of the heavy lifting to Congress, while ignoring years of hard work by the guy who will have to do a lot of that lifting: House Speaker Paul Ryan.

Door seems closed completely to Trump tax returns release

Julie Bykowicz and Jill Colvin, Associated Press  |  Posted   Apr 27th - 5:53am

President Donald Trump "has no intention" of releasing his tax returns to the public, says Treasury Secretary Steve Mnuchin, asserting Americans have "plenty of information" about the president's financial matters.

The Latest: European Central Bank keeps stimulus unchanged

The Associated Press  |  Posted   Apr 27th - 5:50am

The Latest on the European Central Bank's decisions on stimulus for the eurozone economy (all times local):

Duterte says he won't raise sea feud win vs. China in summit

The Associated Press  |  Posted   Apr 27th - 5:45am

The Philippine president says he will not raise his country's arbitration victory against China's territorial claims in the South China Sea during a Southeast Asian summit he hosts this weekend, a stance that critics say is subservient to Beijing.

Ex-postal worker accused of taking cash for drug deliveries

The Associated Press  |  Posted   Apr 27th - 5:30am

A U.S. Postal Service worker is accused of accepting money in exchange for giving a man an address on her delivery route where packages containing drugs could be delivered without detection.

Theme parks: Comcast's under-the-radar growth driver

Tali Arbel, Associated Press  |  Posted   Apr 27th - 5:21am

One of Comcast's fastest-growing businesses hasn't been selling cable or internet subscriptions — or making movies and TV shows, or selling TV ads. It's been theme parks.

Comcast tops Street 1Q forecasts

The Associated Press  |  Posted   Apr 27th - 5:20am

Comcast Corp. is reporting first-quarter profit of $2.57 billion.

Spy chief urges German firms to take cybersecurity seriously

The Associated Press  |  Posted   Apr 27th - 5:20am

The head of Germany's domestic intelligence agency says companies aren't taking cybersecurity seriously enough at a time when the threat of electronic attacks is rising.

Abbas to stop funding electricity in Hamas-run Gaza: Israel

The Associated Press  |  Posted   Apr 27th - 5:13am

The Palestinian self-rule government in the West Bank told Israel on Thursday that it will stop paying for the electricity Israel sells to the Gaza Strip as tensions between the territory's Islamic militant Hamas rulers and Palestinian President Mahmoud Abbas intensify.

Poland signs first deal to buy natural gas from US supplier

The Associated Press  |  Posted   Apr 27th - 4:34am

Poland has signed its first deal to purchase liquefied natural gas from a U.S. supplier, as the country seeks to cut its dependence on deliveries from Russia, officials said Thursday.

UN rights expert to visit Panama after 'Panama Papers' leak

The Associated Press  |  Posted   Apr 27th - 4:30am

The U.N. human rights office says one of its independent experts will travel to Panama next month to investigate tax avoidance and evasion schemes like those revealed by the so-called "Panama Papers" leak.

India bans social media sites to quell unrest in Kashmir

Aijaz Hussain, Associated Press  |  Posted   Apr 27th - 4:21am

Authorities in Indian-controlled Kashmir have banned 22 social media sites in an effort to calm tensions in the disputed region after videos depicting the alleged abuse of Kashmiris by Indian forces fueled protests. But the sites remained online Thursday as the local telecom company struggled to block them.

After Whirlpool battle, Le Pen and Macron clash over fish

John Leicester, Associated Press  |  Posted   Apr 27th - 4:21am

After "the battle of Whirlpool," when Marine Le Pen and Emmanuel Macron both went hunting for France's blue-collar vote at a threatened home appliance factory, the presidential candidates clashed over fish in a return to more traditional campaigning on Thursday.

Spain jobless rate at 18.8 percent, halting downward trend

Ciaran Giles, Associated Press  |  Posted   Apr 27th - 3:42am

Spain's unemployment rate edged up slightly to 18.8 percent in the first quarter, partly due to the end of temporary jobs tied to the winter holiday, and interrupting an overall downward trend in recent years.

United raising limit on payments to bumped flyers to $10,000

David Koenig, Associated Press  |  Posted   Apr 27th - 3:33am

United Airlines says it will raise the limit — to $10,000 — on payments to customers who give up seats on oversold flights and will increase training for employees as it deals with fallout from the video of a passenger being violently dragged from his seat.