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Fed’s Lacker says he would have dissented at September meeting

Richmond Federal Reserve President Jeffrey Lacker said he would have voted in favor of an interest rate hike at the Fed's September policy meeting had he been able to vote, reflecting the growing pressure on Fed Chair Janet Yellen to raise rates. The U.S. central bank left interest rates steady at its Sept 20-21 meeting but three of its 10 voting policymakers dissented because they wanted a quarter percentage point increase. Lacker, one of …

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Fed’s Lacker says he would have dissented at September meeting

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Delta posts smaller-than-expected fall in passenger unit revenue

Delta's shares were up 3.5 percent at $40.38 in early trading on Tuesday. The company, the second-largest U.S. airline by passenger traffic, reported a 3 percent decline in consolidated passenger unit revenue. Delta said the fall in September was due to a supply-demand imbalance on transatlantic routes and headwinds from prior-year yen hedge gains.

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Delta posts smaller-than-expected fall in passenger unit revenue

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United Airlines fined $2.75 million over treatment of disabled, tarmac delays

The U.S. Transportation Department said it fined United Airlines $2.75 million on Thursday for breaking rules protecting air travelers with disabilities and prohibiting long tarmac delays. The airline, part of United Continental Holdings Inc, was also ordered not to break those rules in future, the department said in a statement.

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United Airlines fined $2.75 million over treatment of disabled, tarmac delays

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Shire, Baxalta to announce merger as soon as Monday: sources

The deal would come after Reuters first reported on Dec. 22 that Shire's latest offer for Baxalta had met the latter's valuation expectations. Baxalta shares were trading on Thursday just under $39 and Shire stock was at $190.45 a share. Both parties are confident tax concerns arising from Baxalta's spin out from Baxter International Inc will not be an impediment to the transaction but are waiting for a formal legal opinion to come through before signing their merger agreement, the people added.

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Shire, Baxalta to announce merger as soon as Monday: sources