American Airlines raises second-quarter forecast for key revenue metric

American Airlines Group (AAL.O) on Tuesday raised its forecast for total revenue per available seat mile (TRASM), a key revenue metric, for the second quarter, citing improving yields and lower estimated fuel prices. The No. 1 U.S. airline said it now expects TRASM to increase about 3.5-5.5 percent in the quarter, compared with its earlier […]

Five states get 82% World Bank CADP fund

The Bank’s Task Team Leader, Dr Shehu Salau made this known to journalists at the opening of the 14th CADP implementation support mission and wrap-up meeting which opened in Kaduna. The Bank initiated the scheme in 2009 with Kaduna, Kano, Lagos, Enugu and Cross River states participating. The scheme, being funded with 150 US dollars is scheduled to end on […]

JPMorgan tells banks to partner up as U.S. deposit drain looms

Crunch may be felt this December as Fed’s policy reverses Midsize-bank deals already underway in quest for deposits JPMorgan Chase & Co. has some advice for regional banks: A deposit drain is coming, so merge while you can. The company’s investment bankers are warning depository clients that they may begin feeling the crunch in December, […]

Buffett confronts search for next big thing after missed chances

Warren Buffett, chairman of the board and CEO of Berkshire Hathaway, speaks in Gaston Hall at Georgetown University, September 19, 2013 in Washington, DC. Bank of America CEO Brian Moynihan moderated the discussion with Buffett. Buffett also took questions from Georgetown students. (Photo by Drew Angerer/Getty Images)

It’s ‘no fun’ waiting for next deal while cash hoard grows Berkshire affirms Apple bet, regrets missed chance on Google Underlying the festivities at Warren Buffett’s annual bash for Berkshire Hathaway Inc. shareholdersover the weekend was a sobering fact: Finding the next big thing is hard. The Berkshire chief executive officer spoke at length Saturday […]

Chinese tycoons plant money management flags on Wall Street

Some 324 firms with ties to China have registered with SEC Asset managers followed the money from China to the U.S. Chinese Firms Are Buying Into Wall Street When a new hedge fund opened in Mountainside, New Jersey, a leafy suburb that still holds an annual little-league parade, few would have guessed where much of […]