Stories by Joshua Freed

Friday, Jan. 24, 2014

Fear of slowing growth pushes down global markets

Investors' fears converged to start a two-day rout in global markets this week, capped by a 318-point drop in the Dow Jones industrial average Friday.
By Joshua Freed

Tuesday, Jan. 21, 2014

Delta posts record profit for 2013

MINNEAPOLIS — Higher fares and growing traffic helped Delta Air Lines Inc. post a bigger-than-expected profit on Tuesday.  
By Joshua Freed

Tuesday, Oct. 15, 2013

New seats let airlines squeeze in more passengers

Big U.S. airlines are taking out old, bulky seats in favor of so-called slimline models that take up less space from front to back, allowing for five or six more seats on each plane.
By Joshua Freed

Monday, Oct. 7, 2013

Japanese Airlines makes 1st-ever purchase from Airbus

Usually when Japanese airlines need to buy a big plane, they go to Boeing. Not this time.
By Joshua Freed

Wednesday, May 8, 2013

Delta to pay dividend, buy back shares

Delta said Wednesday that the dividend and stock buyback will return $1 billion to shareholders. The airline has posted a profit for three straight years, while trimming its debt by $5 billion.
By Joshua Freed

Wednesday, April 24, 2013

Boeing sees early-May restart of 787 deliveries

The company said on Wednesday that deliveries of the 787 should resume in early May. Most of the 50 planes that have been delivered to airlines will be fixed by the middle of the month, Chairman ...
By Joshua Freed

Sunday, April 21, 2013

Investors who stood by Boeing reap reward

Anyone who bought 100 Boeing shares at the January low of $73.65 is sitting on a gain of $1,431, or 19 percent.
By Joshua Freed

Friday, March 15, 2013

Boeing official sees 787 tests done soon

Boeing said Friday that it expects to finish testing its battery fix for the 787 within two weeks. Then it will be up to the Federal Aviation Administration to decide when the planes fly again.
By Joshua Freed

Friday, Feb. 8, 2013

Boeing warns airlines that 787 deliveries could be delayed

The company said it has told customers expecting the next 787 deliveries that those planes have either been delayed, or at risk for a delay.
By Joshua Freed

Wednesday, Jan. 30, 2013

Boeing sticks with 787 battery

Boeing is sticking with plans to speed up production of its 787 and sees no reason to change the lithium-ion battery design at the center of the troubled plane's problems, its CEO said Wednesday.
By Joshua Freed

Wednesday, Jan. 16, 2013

Boeing 787s grounded after battery problems

WASHINGTON - Federal officials say they are temporarily grounding Boeing's 787 Dreamliners until the risk of possible battery fires is addressed.
By Joshua Freed

Wednesday, Jan. 9, 2013

Boeing shares bounce back; questions linger

Investors rallied behind Boeing on Wednesday, sending shares up by 3.5 percent to $76.74. That followed a two-day drop of 4.6 percent.
By Joshua Freed

Tuesday, Dec. 11, 2012

Delta to buy 49 percent of rival

Delta plans to form a joint venture with Virgin Atlantic so they can sell seats on each other's flights, share the costs and profits, and set the flight schedules in ways that help both airlines.
By Joshua Freed

Monday, Oct. 22, 2012

Caterpillar sees weak growth as it cuts outlook

Caterpillar says the world's economy is weaker than it thought, and it doesn't expect growth to pick up until the second half of next year.
By Joshua Freed

Wednesday, July 25, 2012

Hedging drives Delta to 2Q loss

MINNEAPOLIS — For an airline, the whole idea of fuel hedging is to protect against big run-ups in oil prices. It didn’t work out that way for Delta Air Lines Inc.
By Joshua Freed

US Airways profit triples

US Airways hit the airline jackpot in the second quarter — higher fares plus lower fuel prices. Its net income tripled to $306 million.
By Joshua Freed

Tuesday, July 17, 2012

Flier thought needle was toothpick

U.S. and European authorities are trying to determine how needles got into meals served on at least four Delta flights from Amsterdam to the U.S.
By Joshua Freed

Wednesday, March 7, 2012

Dow falls, interrupts 2012 rally

Wall Street worried about the global economy and waited while Greece pressured the last investors to sign on for its bailout.
By Joshua Freed

Wednesday, July 27, 2011

Delta profit drops; 2,000 workers to take buyouts

With high fuel prices slicing last year's profit in half, Delta Air Lines said 2,000 workers are taking voluntary buyouts, it will cut its fall schedule more than expected and it won't fly routes ...
By Joshua Freed

Delta second quarter profit falls

Delta Air Lines earned $198 million in the second quarter, less than a year ago because of higher fuel costs.
By Joshua Freed
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Fire closes Broad Street

An early morning fire is closing parts of downtown Broad Street and motorists are advised to avoid the area around Ninth Street.
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