Southwest Airlines (NYSE:LUV) looking good this morning. The company announced its second-quarter earnings, posting an EPS of $0.36, above analyst estimates of $0.33 a share. Revenue for the rose 4.7% to $4.62 billion, also above estimates of $4.59 billion. This all hashes out to a 42% increase in profit for the quarter. The company says it is due to lower fuel prices and a boost in productivity to cut costs. Southwest is gaining on this earnings news, the stock is up almost 4% in the premarket session. For more coverage and analysis of the business world follow us on twitter @FNNOnline or check out website at fnno.com.
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Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up