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Honda confirms ninth death linked to Takata airbag

January 1, 2016 by · Leave a Comment 

By David Shepardson WASHINGTON (Reuters) – Honda Motor Co confirmed on Thursday that a Takata airbag inflator ruptured in a July crash of a Honda Accord and likely led to the death of the young driver, the ninth death in the world linked to the faulty inflators. After an inspection of vehicle components in cooperation with regulators, Honda said it “confirmed that the Takata driver’s front airbag inflator ruptured” and “injuries related to this airbag inflator rupture likely resulted in the tragic death of the underage…

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Honda confirms ninth death linked to Takata airbag

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American Airlines merges operations of unit U.S. Airways

January 1, 2016 by · Leave a Comment 

(Reuters) – American Airlines Group Inc said its unit U.S. Airways Group merged with the company, as part of efforts to integrate operations of the businesses following a merger in 2013. American Airlines Group, the owner of American Airlines, said U.S. Airways Group and its airline U.S. Airways ceased to exist as a separate entity effective Dec. 30, 2015. “With US Airways merged into American Airlines and U.S. Airways Group merged into American Airlines Group, all of their obligations (including debts and liabilities) become…

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American Airlines merges operations of unit U.S. Airways

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Jobless claims rise sharply during holiday week

January 1, 2016 by · Leave a Comment 

The number of Americans filing new claims for unemployment benefits rose sharply last week, a potential signal the job market was losing steam although some of the increase might be attributed to temporary holiday factors. Initial claims for state unemployment benefits rose 20,000to a seasonally adjusted 287,000 for the week ended Dec.26, the U.S. Labor Department said on Thursday. Many economists expect a slower pace of job market improvement in 2016 even as the unemployment rate falls further from its current 5 percent.

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Jobless claims rise sharply during holiday week