Trade group: Holiday flying to fall slightly
Trade group: Holiday flying to fall slightly
new york
Fewer people will fly this holiday season, but flights will still be packed.
That’s according to a forecast released Tuesday by the main trade group representing U.S. airlines. About 43.3 million travelers will fly on U.S. carriers over the three-week holiday period, a 1 percent decline from a year earlier, predicts Airlines for America. That works out to about 20,000 fewer people per day. The trade group attributes the decline to “lingering economic concerns” and high energy prices that are limiting would-be travelers’ disposable income.
About 1.6 million to 2.3 million people are forecast to fly each day between Wednesday and the first week of January.
Google, KKR invest in solar project
Online search and advertising giant Google is teaming with investment firm Kohlberg Kravis Roberts & Co. to develop four solar energy farms serving the Sacramento Municipal Utility District in California.
Google, Inc. said Tuesday on its Green Blog that it will spend $94 million on the projects and work with KKR and solar developer Recurrent Energy, a division of Sharp Corp., on the projects.
Construction on three of the projects will be complete early next year, and the fourth will come on line later in the year.
The projects are expected to provide electricity to power more than 13,000 average U.S. homes.
Apple supplier factory blast probed
shanghai
Authorities are investigating the cause of an explosion over the weekend that injured dozens of people at the Shanghai factory of a supplier to Apple Inc.
The government formed an investigation group and ordered safety checks at the Riteng Computer Accessory Co. factory, a wholly owned subsidiary of Apple supplier Pegatron Corp., said Gan Shanjun, an official in the information office in Shanghai’s Songjiang district.
Critics have taken Cupertino, Calif.-based Apple to task for possible violations of labor and environmental standards by its China-based suppliers, and the company has said it is working to resolve such problems.
Media reported that 61 people were hurt by the blast and more than 20 of them hospitalized, but none suffered life-threatening injuries.
Associated Press
Selected local stocks
STOCK, DIVIDENDCLOSECHANGE
Aqua America, .66, 21.84 +0.53
Avalon Holdings,2.70+0.05
Clear Channel, .65 60.62 +0.70
Cortland Bancorp, 7.000.00
Farmers Nat.4.85 0.00
First Energy, 2.20, 43.37+0.89
FirstMerit Corp., .64,14.82 +0.63
First Niles Financial, .32,7.980.00
First Place Fin., 0.42+0.09
FNB Corp., .48,11.150.42
General Motors,19.70+0.65
General Electric, .60,17.28+0.42
Motors Liquidation, 0.04220.00
Huntington Bank, .16, 5.27+0.265
JP Morgan Chase, 1.00,32.22+1.51
Key Corp, .12,7.37+0.23
LaFarge, 8.57 +0.56
Macy’s, .40, 31.84+1.27
Parker Hannifin, 1.48, 76.45+2.58
PNC, 1.40,56.15+1.77
RTI Intl. Metals,23.14+1.68
Simon Prop. Grp.,3.20,127.35+4.09
Stoneridge 8.70 +0.50
United Community Fin. 1.17+0.04
Selected prices at 4 p.m. Tuesday. Provided by Stifel Nicolaus. Not to be construed as an offer or recommendation to buy or sell any security.