Delayed Flights Cost U.S. Economy $32.9 Billion a Year

airline delays

Delayed flights cost the U.S. economy a total of $32.9 billion every year, according to a new study of domestic flights.

More than half that figure is money out of the pockets of passengers, who are forced to spend money on items including food and hotel rooms while they wait for their plane, according to a report commissioned by the Federal Aviation Administration.

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Delayed Flights Cost U.S. Economy $32.9 Billion a Year originally appeared on DailyFinance on Tue, 19 Oct 2010 07:16:00.

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Americans to Spend More Over Holiday Season

holiday spending

Americans will raise their holiday spending by 1% this year, offering “glimmers of hope” for retailers, according to a trade group.

A survey by the National Retail Federation showed that U.S. consumers plan to spend an average of $688.87 on holiday-related shopping, Bloomberg News reported. Of the total, $518.08 will be spent on gifts.

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“Consumers will still shop with the economy in…

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Americans to Spend More Over Holiday Season originally appeared on DailyFinance on Tue, 19 Oct 2010 06:53:00.

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Contract Dispute Left Millions Without Fox Network Over Weekend

Three million households in the New York area were left without Fox programming this weekend as a contract dispute between Cablevision Systems (CVC) and News Corp. (NWS) rumbled on.

Millions of New York sports fans were unable to watch the Phillies play baseball on Saturday night and the Giants play football on Sunday, The New York Times reported.

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The two companies are struggling to…

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Contract Dispute Left Millions Without Fox Network Over Weekend originally appeared on DailyFinance on Mon, 18 Oct 2010 08:25:00.

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Philips Reports Third Quarter Profit of $728 Million

Royal Philips Electronics NV (PHG) reported third quarter earnings of 524 million euros ($728 million), or 55 euro cents per share, up from 174 million euros a year earlier.

Profit rose on lower costs and a gain of 154 million euros from the sale of…