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American Airlines Chief Executive Doug Parker said airlines should stop sharing profits with employees and improve wages instead, despite persistent pressure from his own workers to link part of their pay to the company's performance. In an interview, Parker, the head of the world's largest airline by passenger traffic, called profit-sharing outdated.

Scandinavian airline SAS on December 18 posted a bigger-than-expected fiscal fourth-quarter pretax profit before one-off costs, helped by savings, and said it may post a profit before nonrecurring items for the 2014/2015 fiscal year. Pretax profit before extraordinary items in the August through October period rose to 789 million Swedish crowns ($102.8 million) from a year-earlier 601 million and a mean forecast in a Reuters survey of analysts for 622 million.
Photoshop maker Adobe Systems Inc said it would buy stock photography company Fotolia for $800 million and reported quarterly revenue above market estimates, helped by a 28 percent jump in the number of subscribers to its Creative Cloud suite. Adobe shares were up nearly 8 percent in extended trading.
Consulting and outsourcing company Accenture Plc raised its revenue forecast for fiscal 2015 after contract wins helped the company post better-than-expected first-quarter earnings and revenue. The company said it expects revenue growth of 5-8 percent for the year ending August on a local currency basis, up from the 4-7 percent growth it had estimated earlier.
Increases in Dubai property prices slowed in the second half of 2014 and valuations will be steady next year as a glut of new units are released, consultants CBRE said on December 16. The real estate sector in Dubai, one of seven emirates in the United Arab Emirates, has been among the most volatile globally over the past decade as it turned from boom to bust to boom again. Prices rebounded from early 2012, soaring from June that year to the end of 2013.
BlackBerry Ltd on Friday reported a bigger-than-expected drop in third-quarter revenue, sending shares of the struggling smartphone maker lower, even as it eked out a small adjusted profit and began generating cash flow again. Revenue fell to $793 million from $1.19 billion a year earlier, falling short of analysts' expectations of $931.5 million.
J.P. Morgan Chase & Co on Friday outlined improved controls it has been enacting in the wake of recent missteps, including pay clawbacks and minimum share ownership requirements for leaders, in a report issued under shareholder pressure. The document titled "How We Do Business" and posted on J.P. Morgan's website is the latest mea culpa from the largest US bank by assets, after a slew of problems and a record $13 billion settlement with regulators in 2013 over its mortgage operations leading up to the financial crisis.


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln