Big Oil to have good year ahead on rising prices
Exxon Mobil Chevron and ConocoPhillips are expected to report a combined 18.2 billion in first quarter earnings, up 40 percent from a year ago and near 2008 highs. higher costs for gas diesel food and travel will pressure consumers while profits fuel investor gains and debate over subsidies.
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U S clears merger of Southwest and AirTran Airlines
U S antitrust regulators approved Southwest Airlines and AirTran Holdings in a 1.4 billion deal. The Justice Department said overlaps on some routes do not block the purchase as rivals can gain gates and landing slots. Southwest will acquire AirTran’s Atlanta hub and routes to Mexico and the Caribbean, with AirTran operating separately for a time.
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Fla
Paul Eyes 2012 Run as Exploratory Campaign
Ron Paul announced in Des Moines Iowa that he is forming a campaign exploratory committee as he nears a decision on seeking the Republican nomination for president. He told about 600 supporters he will decide by next month, noting his Iowa ties and his grass roots movement appeal.
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