IBT Staff Reporter

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American Airlines parent posts wider loss

AMR Corp , parent of American Airlines, posted a bigger first-quarter loss on Wednesday, saying the weak economy and rising fuel prices represented an obstacle to recovery.

Banks see credit worries easing

Banks including Wells Fargo & Co reported first-quarter results that showed the loan losses that have plagued the financial sector amid the recession are easing.

Boeing profit beats; outlook cut on healthcare

Boeing Co , the world's second-largest plane maker, reported a higher-than-expected quarterly profit on Wednesday, despite making fewer deliveries as the company held down costs at its commercial airplane division.

The Danger of First-Draft Living

This weekend, in a bout of spring cleaning, I attacked the living room with a wild abandon, taking bric-a-brac and hastily displayed household items, like candles, off shelves to dust.

Fed paid record $47.4 billion to Treasury in 2009

The U.S. Federal Reserve said on Wednesday it transferred a record $47.4 billion to the U.S. Treasury in 2009 as a result of its programs to help the economy and financial firms during the financial crisis.

American Airlines parent misses estimates

AMR Corp , parent of American Airlines, posted a wider-than-expected quarterly loss on Wednesday, saying the jump in fuel prices posed an obstacle to recovery, sending shares down as much as 5.5 percent.

Deal with owners averts strike by New York doormen

Uniformed doormen and apartment building workers reached a deal with New York building owners on Wednesday, narrowly averting a strike that would have left residents running elevators, disposing of trash and doing other chores themselves.

California leads in borrowing for jobless benefits

As he filled out forms in a re-employment center in the parking lot of his union hall, 61-year-old repairman Albert Hinojosa spoke about his uncertain future after losing a job he held for almost a quarter of a century.

Mortgage demand stirred by drop in loan rates

U.S. mortgage applications bounced from three-month lows last week as potential buyers locked in lower borrowing costs before the federal tax credit expires, the Mortgage Bankers Association said on Wednesday.

Paulson reassures on Goldman role

Paulson & Co, the hedge fund linked to civil fraud charges against Goldman Sachs Group Inc, moved to head off investor concerns about its role in a deal that has scarred the reputation of the Wall Street bank and overshadowed blow-out quarterly earnings.

Visa to buy online processor CyberSource

Visa Inc said on Wednesday that it has agreed to buy CyberSource Corp , a technology company that processes online payments, in a bid to increase its e-commerce business.

Blue chips lifted by Morgan Stanley, Apple

Blue chips rose in early trading on Wednesday boosted by strong results from investment bank Morgan Stanley and Apple, but healthcare stocks weighed on the broader market.

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