Delta ups the ante in battle for New York travel market
Delta Air Lines opens a sprawling 10 billion terminal at JFK, a 346000 square foot concourse with upscale dining and shopping, aimed at attracting high paying travelers. CEO Richard Anderson says the facility meets expectations for New York residents and visitors. JFK remains the primary US gateway with 13.1 million inbound international passengers last year. Delta handles about 21 million international arrivals at JFK, per the Port Authority.
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Netflix bets on Arrested Development revival to boost subs
Netflix launches the Arrested Development revival as a cornerstone to win back subscribers and reassure investors after price hikes and expense worries. The seven year reunion, featuring David Cross and Portia de Rossi, positions Netflix as a rival to broadcast networks and HBO in home entertainment.
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Schumer warns on security in Sprint Softbank deal
Senate leader Charles Schumer urged regulators to exercise extreme caution as Softbank seeks to acquire 70 percent of Sprint Nextel for 20.1 billion dollars. He warned China based networking equipment could expose US networks to snooping and hacking, sending letters to the Treasury and FCC for review.
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Market ends week with loss
New York stocks closed the week with a quiet Friday session as the S&P 500 and Dow posted small moves. The S&P fell 0.91 to 1649.60 while the Dow gained 8.60 to 15303. Procter & Gamble led gains helping the Dow, with concerns over Fed stimulus tapering weighing on sentiment amid a week of declines for the broader market.
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