UAL Corp.: The parent of United Airlines...
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UAL Corp.: The parent of United Airlines said third-quarter earnings fell nearly 40% because of costs related to recent takeover activity. The company said the decline in earnings to $111 million was also because of higher gasoline costs and commissions to travel agents. Revenue in the third quarter rose 7% to $2.6 billion. UAL said takeover activity doubled its share price and increased the value of stock options, resulting in a non-cash expense of $35.5 million.
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