National business briefs for July 18, 2013

Business briefs for July 18, 2013
By The Associated Press Published: July 19, 2013
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Business briefs

Diesel chain reaches settlement

The nation's largest diesel retailer has reached a speedy settlement with some customers cheated out of rebate money. Experts say that's all the better for Cleveland Browns owner Jimmy Haslam and his brother, Tennessee Gov. Bill Haslam, whose family owns the truck stop chain. Jimmy Haslam runs Pilot Flying J, which was founded by his father. Gov. Bill Haslam left the company to run for Knoxville mayor in 2003 and still has an ownership stake.

Verizon adds installment plan

Verizon Wireless, the country's largest cellphone carrier, on Thursday said it's joining AT&T and T-Mobile in providing an installment plan for its phones, aiming to satisfy customers who want to upgrade their devices faster or avoid paying the upfront cost of their phones. The plan, dubbed Edge, will be introduced Aug. 25, and allows the buyer to spread the full retail price of the phone, without subsidies, over 24 months. A buyer who has paid off 50 percent of the cost of the phone can upgrade to a new phone after six months.

Ice cream a scream away

Uber, the San Francisco startup known for letting people order private drivers in sleek black cars using a smartphone app, is offering an ice cream-on-demand service for one day only in more than three dozen cities around the world, including San Francisco, Philadelphia, London, Singapore and Rome. Friday's stunt, an expansion of last year's ice cream promotion, comes in the midst of a sticky heat wave in New York City and elsewhere. Last year, people in seven U.S. and Canadian cities could use the Uber app to summon an ice cream truck hired by Uber to their location, provided they purchased a minimum number of treats.

American Airlines reports profit

The parent of American Airlines posted a $220 million second-quarter profit as cost-cutting from its bankruptcy reorganization kicked in. It's the first time in six years that American has reported a profit during the April-June quarter. During the same period last year, it lost $241 million, mostly because of bankruptcy related expenses. Revenue was steady at about $6.45 billion. AMR Corp. has been operating under bankruptcy protection since late 2011. It has cut worker pay and other expenses.



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