$2.9 million fine proposed against American Eagle and $2.9 million fine proposed against American Eagle

The Federal Aviation Administration proposed Wednesday that American Eagle Airlines, a division of AMR (AMR, Fortune 500), be given a $2.9 million civil penalty for alleged maintenance violations.

The FAA said the company operated 1,178 flights between February and May 2008 that had not undergone proper inspection of landing gear doors.

The FAA said that American Eagle found damage on four aircraft, but went against maintenance protocol by failing to remove the doors for repair. Instead, American Eagle fixed the doors while they were still attached to the planes.

According to the FAA, inspectors found that the airline operated at least 961 flights while unaware of the problem and continued to operate the faulty planes on 217 additional flights after the damage was discovered. [Read the full article]

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The Federal Aviation Administration proposed Wednesday that American Eagle Airlines, a division of AMR (AMR, Fortune 500), be given a $2.9 million civil penalty for alleged maintenance violations.

The FAA said the company operated 1,178 flights between February and May 2008 that had not undergone proper inspection of landing gear doors.

The FAA said that American Eagle found damage on four aircraft, but went against maintenance protocol by failing to remove the doors for repair. Instead, American Eagle fixed the doors while they were still attached to the planes.

According to the FAA, inspectors found that the airline operated at least 961 flights while unaware of the problem and continued to operate the faulty planes on 217 additional flights after the damage was discovered. [Read the full article]

HP’s fiscal first-quarter net income for the three months ending Jan. 30 rose 25% to $2.3 billion, or 96 cents per share, compared with $1.9 billion, or 75 cents per share a year ago.

Results included a charge of 14 cents per share for special items. Without the charge, HP (HPQ, Fortune 500) said it earned $1.10 per share. Analysts polled by Thomson Financial, who typically exclude one-time items from their estimates, were looking for $1.06 per share.

Sales rose 8% to $31.2 billion from $28.8 billion last year and beat analysts’ forecast of $30.01 billion.

"The strength of our portfolio, leaner cost structure and accelerating market momentum give us the confidence to raise our full-year outlook," Mark Hurd, HP chairman and chief executive officer said in a statement.

The company expects earnings per share after adjustments between $4.37 and $4.44 from its previous estimate of $4.25 to $4.35. [Read the full article]

According to a National Highway Traffic Safety Administration official, about 363,000 Corollas from model year 2009 and 136,000 from 2010 could be affected.

NHTSA will formally announce the probe Thursday, the official said. Calls to Toyota were not immediately returned.

As of last week, NHTSA said it had collected more than 80 complaints about steering problems in 2009 and 2010 Corollas.

Many of the complaints involve the car drifting at high speeds. Other owners complain of other issues including steering wheel vibrations or exaggerated motions from small steering inputs.

It’s the latest in a spate of recent problems for Toyota (TM), which has recalled more than 8.1 million vehicles worldwide for issues including sticking accelerator pedals.

On Tuesday NHTSA demanded documents from Toyota to determine if the automaker conducted its recent recalls in a

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