DiNapoli said New York Stock Exchange firms earned $9.3 billion in the first quarter of this year, but declined sharply in the second quarter and are likely to reach $18 billion for the year, a third less than in 2010.
Fewer flights could cost jobs at American Airlines
DALLAS (AP) â¿¿ Fall and winter service reductions at American Airlines could cost some workers their jobs at the nation's third-largest airline company.
American announced late Monday that it will reduce passenger-carrying capacity in the October-through-December quarter by about 3 percent compared with late 2010. It cited the weak economy, high fuel costs, and more pilots retiring.
Analysts said the move, along with similar recent announcements from United and Delta, showed that airlines were serious about controlling costs. Barclays Capital said Tuesday that it still expects American's parent, AMR Corp., to lose money through next year â¿¿ but not as much, thanks to the reductions.
Studios' view-everywhere system has soft launch
LOS ANGELES (AP) â¿¿ A Hollywood initiative that aims to revive home video sales by enabling you to watch your purchased movies on multiple devices had a soft start Tuesday as Warner Bros. released "Horrible Bosses" without many of the hoped-for partnerships in place.
Several movie studios had intended to launch the UltraViolet system with an array of retailers and gadget makers to form an interconnected web of shared commerce. The concept was that you could buy a Blu-ray disc from Wal-Mart and have a digital version streamed to you by cable giant Comcast Corp. without even removing the shrink wrap.
Today, when you buy a digital movie, you are typically restricted to watching on specific devices. Movies bought on Apple Inc.'s iTunes work only on Apple devices, and those bought on Amazon.com can be watched on computers and TVs but not iPhones or iPads. The idea behind UltraViolet is to unshackle movies from those constraints.