Delta, American follow United in dropping $200 fee
This could be the final boarding call for the $200 ticket-change fee that has enraged so many U.S. airline travelers over the past decade.
Delta Air Lines and American Airlines said Monday that they are dropping the fee on most tickets for domestic flights, copying United Airlines’ move one day earlier.
Southwest Airlines didn’t levy change fees to start with, so Monday's announcements mean that the four biggest U.S. carriers will have roughly similar policies.
Airline shares fell on Monday after United’s decision and the expectation that other big airlines would be forced to ditch their change fees too.
Buffett conglomerate invests in Japanese trading houses
Billionaire investor Warren Buffett’s Berkshire Hathaway said Monday that it has taken stakes of just over 5% in five major Japanese trading houses in what it says is a long-term investment.
Share prices of the five huge companies surged between 4% and 9.5% in Tokyo after the company announced the investment.
The companies are Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & Co. and Sumitomo Corp.
Berkshire Hathaway said it might increase the stakes to up to 9.9%.
State tax credit granted for airport hub expansion
The Ohio Tax Credit Authority on Monday granted a credit to Tennessee company Forward Air Corp. for its $32 million expansion of its hub at Rickenbacker International Airport.
The credit is worth up to $171,000, based on Forward Air’s estimate that the expansion will create 50 new fulltime equivalent jobs with an annual payroll of $2.3 million.
Forward Air announced in July that it bought 11 acres at 6700 Port Road.
China hinders ordered sale of US Tiktok assets
The Chinese government is complicating the U.s.-governmentordered sale of U.S. Tiktok assets.
On Friday, China introduced export restrictions on artificial intelligence technology that could mean Tiktok's Chinese owner, Bytedance, would have to obtain a license to export any restricted technologies to a foreign company.
From staff and wire reports