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Delta navigates nasty winter, tops profit forecast

FILE - In this Oct. 8, 2012 file photo, a Delta Air Lines airplane is parked at Seattle-Tacoma International Airport in Seattle. Delta reports quarterly earnings on Wednesday, April 23, 2014. (AP Photo/Ted S. Warren File)DALLAS (AP) — Delta Air Lines Inc. is making more money by filling more seats on its planes and paying a bit less for fuel.



Hole in Afghan budget stirs unease as West starts packing bags

A money changer holds a stack of U.S. dollars at Kabul's largest money marketBy Jeremy Laurence and Mirwais Harooni KABUL (Reuters) - A $375 million hole in the Afghan budget is threatening public projects and civil servants' salaries, officials say, putting the aid-dependent economy under stress just as Afghanistan awaits a new leader and foreign troops prepare to go home. U.S., U.N. and Afghan finance ministry officials have discussed ways to resolve what they say has become a critical situation for the budget, with civil projects most at risk as international assistance starts to taper off. "If the political situation of the country does not become normal and businesses do not start again soon this problem will become even more worrying," Alhaj Muhammad Aqa, director general of the treasury at the finance ministry, told Reuters on Wednesday. "We will not only face problems in paying salaries of employees but we will have difficulties in other issues too." Funding for security will not be affected, as costs are met by foreign governments which recognize that any chance of stability in Afghanistan rests on quelling the Taliban insurgency.



Boeing posts higher adjusted profit, lifts 2014 forecast

A 787 Dreamliner being built for India Air is pictured at South Carolina Boeing final assembly building in North Charleston(Reuters) - Rising jet production helped Boeing Co post a 14 percent rise in adjusted net profit in the first quarter, beating estimates, and the company notched up its full-year forecast. On a non-adjusted basis, however, Boeing's profit slid 13 percent to $965 million, or $1.28 per share, down from $1.11 billion, or $1.44 per share, a year earlier, the company reported on Wednesday. Core earnings, which exclude some pension and other costs, rose to $1.76 per share from $1.73 a year ago. The increase reflects a tax settlement gain to be taken in the second quarter, and Boeing left 2014 forecasts for revenue, operating cash flow and deliveries unchanged.



Obama opens Japan trip at famous sushi restaurant

President Barack Obama and Japanese Prime Minister Shinzo Abe shake hands before having dinner at Sukiyabashi Jiro sushi restaurant in Tokyo, Wednesday, April 23, 2014. Opening a four-country swing through the Asia-Pacific region, Obama is aiming to promote the U.S. as a committed economic, military and political partner, but the West's dispute with Russia over Ukraine threatens to cast a shadow over the president's sales mission. (AP Photo/Carolyn Kaster)TOKYO (AP) — President Barack Obama opened a trip to Japan Wednesday with a close-up look at the art of sushi making at a tiny Tokyo restaurant with hard-to-come-by reservations and a hefty price tag.



Faster production brings Boeing $965M 1Q profit

Boeing's increased rate of commercial jet manufacturing is starting to pay off for shareholders.


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