Indianapolis / Bloomberg Republic Airways Holdings Inc. doesn’t plan to cut aviators’ jobs or seek to throw out their four-month-old contract in bankruptcy court, according to the pilots union. A potential bankruptcy filing had been part of monthly discussions between leaders of Republic’s pilots union and airline executives, the International Brotherhood of Teamsters Local 357 executive board told members in ...

Bloomberg Berkshire Hathaway Inc., the conglomerate controlled by billionaire Warren Buffett, said fourth-quarter profit climbed 32 percent on investments and earnings from the company’s expanding stable of operating businesses. Net income rose to $5.48 billion, or $3,333 a share, from $4.16 billion, or $2,529, a year earlier, the company said in a statement. Operating earnings, which exclude some investment results, ...

Ottawa / Bloomberg Canada should increase foreign-ownership limits on airlines and allow private investment in airports to enhance competition in the country’s transportation industry, according to a government-funded study. Institutional and private-equity investors should also be allowed to buy stakes in the country’s marine ports, according to the Canada Transportation Act Review presented to Parliament in Ottawa. The broadest study ...