A trade group for U.S. airlines says the number of passengers will drop 6.7 percent this summer because of the recession.
Consumer prices were flat in April, while industrial production fell by the smallest amount in six months — further evidence that the recession's grip is slowly easing.
The nation's largest publicly traded trucking company will ask for $1 billion in aid from the federal bailout fund.
Foreign demand for long-term U.S. financial assets rose in March as both China and Japan bought more Treasury securities.
Relations between President Barack Obama and U.S. corporate leaders have grown tense in recent weeks, with business groups bristling over his sharp rebukes of lenders and multinational companies in particular.
Americans should brace themselves for a slow recovery back to health after the recession ends, with unemployment likely to hit the double-digits, a Federal Reserve official said Friday.
The race is on for U.S. carriers such as Delta Air Lines, AirTran Airways and American Airlines, which are scrambling to make broadband as common at 30,000 feet as it is in the corner coffee shop.
The chief investment officer of Texas billionaire R. Allen Stanford's companies pleaded not guilty Thursday.