United planning new Dublin route
American airline United, which has merged with Continental, is reportedly planning to launch a service between Dublin and Washington DC next year. Continental already flies between Dublin and New Jersey's Newark airport. Aer Lingus has an agreement with United where it operates flights as part of a joint-venture agreement with the carrier between Washington DC and Madrid, Spain.
Third-quarter profit up at Credit Suisse
SWISS banking giant Credit Suisse said its third-quarter net profit rose 12pc from a year ago to 683m Swiss francs (€562m), but said it would cut staff by 3pc, or about 1,500 jobs. This marks the second round of cuts in just three months. At the end of July, the group said it would slash 2,000 jobs due to the difficult market environment.
Bank of America in U-turn on card fees
BANK of America has abandoned plans to charge $5 a month for debit cards after a nationwide backlash from consumers and lawmakers. The bank cancelled the fee, which would have started in January, after listening "to our customers very closely". David Darnell, co-chief operating officer at Bank of America, reversed course after rivals, including JPMorgan Chase and Wells Fargo, decided against similar charges, leaving the firm the only US lender among the biggest five with plans to introduce the fee. "For a lot of consumers, this was the last straw," said Jean Ann Fox, director of financial services for the Washington-based Consumer Federation of America.
Qantas on schedule after court ruling
QANTAS Airways said its flights were back on schedule yesterday, after an Australian court ruling ended 48 hours of travel chaos stemming from the airline's decision to ground its entire fleet. Qantas, the world's 10th-largest airline, said all flights were operating on time and as scheduled. The airline grounded its fleet on Saturday in response to months of strikes by unions representing pilots, aircraft mechanics, baggage handlers and caterers.