British Airways posted the airline’s worst annual loss since its privatization in 1987 as its chief executive declared there were "absolutely no signs of recovery" in the industry. The airline slumped from profit to loss in the last financial year. During the year ended March 31, its operating loss swelled to £220 million ($348 million) from a restated profit of £878 million ($1.4 billion) in 2008.
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UAW agrees to ‘painful’ concessions to save Chrysler
The United Auto Workers union announced Sunday it had reached an agreement with Chrysler, Fiat and the U.S.