Airline says credit cards misused
About 1,500 people who bought tickets from Alaska or Horizon airlines have been notified their credit cards were misused.
Alaska Air says a call center employee diverted some payments to a personal account.
Customers are not responsible for repaying the diversions that took place between August 2006 and June 2008.
The Seattle-based parent company for the airlines says it notified police and is cooperating with the investigation.
Alaska Air says customers should review their credit card statements for any unauthorized transactions.
WASHINGTON
USPS reports $1.1 billion loss
The Postal Service had a net loss of more than a billion dollars in the third quarter of the fiscal year, the agency said Wednesday.
For the quarter ended June 30, the loss was $1.1 billion, which officials blamed on reduced mail volume in the slowed economy, coupled with rapidly rising transport costs because of high fuel prices.
The post office is working to deal with its losses by cutting costs. The agency has reduced its staff by about 100,000 since 2000 and is offering early retirement to some clerks, mail handlers and supervisors.
NEW YORK
Freddie Mac posts red ink
Freddie Mac on Wednesday posted a second-quarter loss that was more than three-times larger than Wall Street expected as a huge number of borrowers with good credit fell behind on their risky mortgages.
Freddie’s stock fell more than 19 percent, to $6.49.
DALLAS
ExpressJet quarterly loss grows
ExpressJet Holdings Inc., which operates feeder service for Continental Airlines Inc., said Wednesday its second-quarter loss grew, and the company is demanding wage concessions from employees to return to profitability.
Houston-based ExpressJet said it lost $31.7 million in the quarter ended June 30, compared with a loss of $26.4 million a year earlier.
ExpressJet said in June it would stop regional flying for Delta Air Lines Inc. and suspend its own branded ExpressJet Airlines in September, moves that it blamed on high fuel costs.
From wire reports