Business briefs: Airline stocks

U.S. airline stocks dropped as carriers continued to struggle with high fuel prices and maintenance, though AirTran Holdings Inc. (AAI) increased second-quarter profits by cutting costs in other areas. US Airways Group Inc. (LCC) said its second-quarter earnings fell 14 percent, but results topped Wall Street’s expectations and the carrier began recalling furloughed employees.

SUMNER REDSTONE

The 82-year-old media mogul is entangled in a bitter public feud with his children and estranged from practically everyone in his family due to a fight over control of his empire. The legal battle centers on National Amusements Inc., a holding company founded by Redstone’s father that controls the publicly traded CBS Corp. and Viacom Inc.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Lawmaker introduces legislation to kick off creation of Bay Bridge bus lane

Assemblymember Rob Bonta’ s placeholder bill would create ‘sustainable, efficient’ public transit

Student walkout at Aptos highlights concerns about bullying

More than 100 students walked out of Aptos Middle School Friday morning… Continue reading

Thousands of orchids on display at Golden Gate Park

Nearly 30,000 orchids filled the County Fair building at Golden Gate Park… Continue reading

SFUSD educators hit with layoff warning

Superintendent says district faces budget shortfall, depleted reserves

SF to provide $350K to help struggling nonprofit care for youth in crisis

City stopped sending clients to Edgewood Center after sexual abuse allegations emerged

Most Read