BC-,ADVISORY

Print
Email
|

Associated Press

Posted on June 27, 2013 at 8:00 PM

Updated Thursday, Jun 27 at 8:00 PM

Business News at 10:00 p.m.

The supervisor is Richard Jacobsen (800-845-8450, ext. 1680). For photos, ext. 1900. For graphics and interactives, ext. 7636. Expanded AP content can be obtained from http://www.apexchange.com. For access to AP Exchange and other technical issues, contact customersupport@ap.org or call 877-836-9477.

If you have questions about transmission of financial market listings, please call 800-3AP-STOX.

A selection of top photos can be found at: http://bit.ly/APTopPhotos.

All times EDT.

Editors: The business desk is closing and will reopen Friday at 6 a.m. This is a digest of stories moving overnight. If you have issues overnight please call 212-621-1600.

MARKETS & ECONOMY:

MF GLOBAL-CORZINE LAWSUIT

WASHINGTON — Jon Corzine once saw a boutique brokerage called MF Global as his best hope to rescale the heights of Wall Street he'd once occupied as head of Goldman Sachs. Now, MF Global is bankrupt. And Corzine faces a lifetime ban from the futures industry. On federal regulators have sued Corzine, a onetime U.S. senator and governor of New Jersey. They allege that he was responsible for the misuse of customer money while CEO of MF Global, which collapsed in 2011. By Marcy Gordon, Larry Neumeister and Christina Rexrode.

AP photo.

INDUSTRY:

ALLEGIANT AIR

LAS VEGAS — While other U.S. airlines have struggled with the ups and downs of the economy and oil prices, tiny Allegiant Air has been profitable for 10 straight years. Its planes are old and the seats don't recline. It grounds nearly its entire fleet on Tuesdays, the least busy travel day. And there is a fee for almost every service and amenity imaginable, including using the Internet — or a credit card — to book a flight. But the company succeeds by offering nonstop flights from small towns to sunny vacation spots and then aggressively marketing deals on hotels, rental cars, show tickets and other entertainment to passengers. Last year, U.S. airlines earned an average of 37 cents per passenger; Allegiant made a whopping $11.22. By Airlines Writer Scott Mayerowitz.

AP photos.

With:

— ALLEGIANT AIR-FEES — A look at all of the airline's fees.

— ALLEGIANT AIR-ROUTES — The cities that Allegiant flies to.

— RUSSIA-GAZPROM — Gazprom holds its annual shareholders meeting as the Russian gas company struggles to adjust to the U.S. shale gas boom that has transformed world energy markets.

TECHNOLOGY & MEDIA:

— EARNS-RESEARCH IN MOTION — Research in Motion Ltd. reports quarterly financial results before the market opens.

INTERNATIONAL:

PALESTINIANS-TUNNEL CRACKDOWN

RAFAH, Gaza Strip — An Egyptian security crackdown has severely disrupted smuggling to the neighboring Gaza Strip, causing a fuel shortage, doubling the price of building materials and shutting down some construction sites in the Hamas-ruled territory. Egypt's military clamped down on the lawless Sinai Peninsula, which abuts Gaza, in the run-up to massive protests planned for Sunday by opposition activists trying to force out the country's president, Mohammed Morsi. By Ibrahim Barzak.

AP photos.

— EU-FINANCIAL CRISIS — European Union leaders wrap up a two-day summit on the continent's struggling economy.

Print
Email
|