Costlier Fuel and Labor Cut Into Corporate Profit

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Costlier Fuel and Labor Cut Into Corporate Profit
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American Airlines cuts forecast, and automakers in tough wage negotiations with workers face a strike.

American Airlines said its pilots’ agreement resulted in a retroactive pay expense of about $230 million.

Energy and labor costs are cutting further into some corporate profits, in the latest sign that inflationary forces continue to course through industries, pressure executives and worry Wall Street.Continue reading your article with

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