Virgin Atlantic CEO is stepping down

September 10, 2012 at 12:00a.m.

new york

Virgin Atlantic CEO Steve Ridgway is retiring early next year, after 23 years with the British airline founded by Richard Branson.

Since he joined the company as managing director of the frequent-flyer program, Virgin Freeway, the airline has grown from two 747 planes to a fleet of 40 long-haul aircraft. It flies 6 million passengers a year around the world.

APEC vows to fend off euro woes

vladivostok, russia

Pacific Rim leaders pledged Sunday to fend off the deepening damage from the European crisis and revive flagging growth in the region by supporting open trade, reforming their economies and strengthening public finances.

The 21-member Asia- Pacific Economic Cooperation forum wrapped up an annual summit in this eastern Russian seaport Sunday, vowing to work together to support growth and restore confidence in shaken financial markets. The region accounts for about half of all world economic activity and 40 percent of world trade.

Vindicator wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Aqua America, .66, 25.23 —.29

Avalon Holdings,3.6320—.1980

Clear Channel, .73 66.41 .48

Cortland Bancorp, 10.24.00

Farmers Nat., .126.47 .03

First Energy, 2.20, 43.12—.23

FirstMerit Corp., .64,17.02 .37

First Niles Financial, .32,6.90.00

First Place Fin., .74.03

FNB Corp., .48,11.33.00

General Motors,23.37.92

General Electric, .68,21.59.28

Motors Liquidation, .0422.00

Huntington Bank, .16, 6.70.09

JP Morgan Chase, 1.20,39.30.61

Key Corp, .20,8.61.10

LaFarge, 12.85 .35

Macy’s, .80, 40.44.09

Parker Hannifin, 1.64, 83.691.40

PNC, 1.60,63.80.79

RTI Intl. Metals,22.95.45

Simon Prop. Grp.,4.20,159.05.20

Stoneridge 6.85 .04

United Community Fin. 3.05—.01

Selected prices at 4 p.m. Friday. Provided by Stifel Nicolaus. Not to be construed as an offer or recommendation to buy or sell any security.