American Airlines Group, the company that will be formed when AMR Corp's American and US Airways Group complete their merger, will trade under the symbol "AAL" on the Nasdaq market. The merger, which would form the world's biggest carrier, must be approved by the U.S. bankruptcy court handling AMR's Chapter 11 case.
The best way to save fuel is to drive less--and Americans are doing just that, according to a new study. U.S. drivers have fewer cars, are driving them less, and are getting better fuel economy when they do drive them, according to a report issued by the University of Michigan Transportation Research Institute, The study focused on the rates of fuel consumption per person, per licensed driver, per household, and per registered vehicles. The total amount of fuel consumed by U.S. light-duty vehicles peaked at 138.8 billion gallons in 2004, but dropped to 123.9 billion gallons in 2011.
The video game industry had a strong October despite a drop in hardware revenue, new data from NPD has revealed. The US game industry generated $791.1 million in October, up 5 percent compared to the same period in 2012. Hardware sales were down 8 percent to $171.7 million as consumers eyed this month's launch of the PlayStation 4 and Xbox One. For the sixth consecutive month, the Nintendo 3DS was the top-selling hardware in October with over 452,000 units sold across the US.
The Postal Service on Friday reported a $5 billion net loss for the fiscal year that ended Sept. 30, a significant improvement over last year, when the agency reported a record $15.9 billion loss. Total mail volume was 158.4 billion pieces, down from 159.9 billion pieces the year before.