The Sun Herald

BUSINESS

GAO says American Airlines, US Airways merger would reduce competition

DALLAS -- A government review finds that the merger of American Airlines and US Airways would reduce competition on more than 1,600 routes traveled by more than 53 million passengers.

3 hours ago

BUSINESS

US consumer prices rise just 0.1 pct. in May

WASHINGTON -- U.S. consumer prices rose slightly last month, as higher energy costs partly offset cheaper food. The small increase is further evidence that consumers are benefiting from mild inflation.

BUSINESS

Obama raises possibility of change at the Fed

WASHINGTON -- President Barack Obama suggested that he was likely to nominate a new Federal Reserve chairman later this year, saying in a television interview aired late Monday that the current chairman, Ben S. Bernanke, had "already stayed a lot longer than he wanted or he was supposed to."

TECHNOLOGY

Sony chief says time needed to study proposal

Sony Corp. needs more time to study a key proposal from a U.S. hedge fund to spin off a part of its entertainment unit as a way to propel its fledgling revival, the chief executive told shareholders Thursday.

BUSINESS

Stocks slide as Fed says bond purchases could slow

Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year and end it by the middle of next.