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Branson hints at new US airline venture after Alaska spat

Bloomberg Billionaire Richard Branson signaled he may jump back into the US airline business after tussling with Alaska Air Group Inc. over how long the carrier must pay royalties on his Virgin America brand. Alaska has to keep paying ‘unless we decide to start another airline. So, we’ll see what happens,” Branson said in an interview with Bloomberg TV. When ...

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EU to remain unconvinced about US air cabin laptop ban

Bloomberg European authorities are still resisting a US initiative to expand a laptop ban in airline cabins by questioning the potential safety risks, according to three people with knowledge of the discussions. At a meeting in Brussels, EU officials demanded the U.S. provide more specific information on how the risk of explosion of large electronic devices is greater in airline ...

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Foot Locker suffers worst stock decline in 8 years

Bloomberg Foot Locker Inc. suffered its worst stock decline in more than eight years after first-quarter results missed analysts’ estimates, an outcome the retailer blamed in part on slow income-tax refunds. The shares tumbled as much as 17 percent to $58.13, the biggest intraday plunge since the financial crisis was underway in November 2008. The athletic-shoe chain blamed “unprecedented challenges” ...

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