New York / AP Losing near-monopoly control over Newark Liberty International Airport is going to cost United Airlines $412 million, or $264 million after taxes. The Federal Aviation Administration (FAA) announced that it would lift all the restrictions at Newark, essentially opening it to as many flights and airlines that could secure gate space at the airport. The new flight ...

  Washington / AP US consumer prices rose modestly in June as the costs of gasoline and rent kept climbing, while sales at American retailers registered a healthy gain. The Labour Department said that consumer prices increased 0.2 percent last month, matching the gain in May. Prices are up 1 percent from a year ago, well below the Federal Reserve’s 2 ...

  Washington / AP Congress passed an aviation bill last week that attempts to close gaps in airport security and shorten screening lines, but leaves thornier issues unresolved. The bill also extends the Federal Aviation Administration’s programmes for 14 months at current funding levels. It was approved in the Senate by a vote of 89 to 4. Responding to attacks by ...