US Airways flight lands safely at Sky Harbor

A US Airways plane headed to New Jersey experiencedan engine problem shortly after takeoff Friday afternoon and safely returned to Phoenix’s Sky Harbor International Airport.

A spokesman for the carrier says a left engine compressor stalled soon after Flight 685 took off about 1:20 p.m. MST.

Airport spokeswoman Claire Stern says the Airbus A320 landed without incident with no reported injuries.

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US Airways spokesman Todd Lehmacher says the 150 passengers were being put on another plane to fly to Newark.

Passenger Andrew Heisler said people heard “what sounded like a car backfiring” shortly after takeoff.

“We were already off the ground,” Heisler said. “Everybody was mumbling and looking at each other like, ‘What just happened?'” [Read the full article]

The Obama administration asked the Supreme Court Friday to allow the government to seek nearly $300 billion from the tobacco industry for a half-century of deception that “has cost the lives and damaged the health of untold millions of Americans.”

Both sides in a landmark, decade-long legal fight over smoking took their case to the high court Friday.

The administration, joined by public health groups, wants the court to throw out rulings that bar the government from collecting $280 billion of past tobacco profits or $14 billion for a national campaign to curb smoking.

Leading tobacco companies accounting for 90 percent of U.S. cigarette sales want the justices to wipe away court holdings that the industry illegally concealed the dangers of cigarette smoking. If they succeed, the attack on their profits also would be halted.

Friday’s filings with the Supreme Court mark the latest phase in a lawsuit that began during Bill Clinton’s presidency. [Read the full article]

The end of the foreclosure crisis is finally in sight. For the first time in almost three years, the number of homeowners falling behind on their loans is declining.

The drop means the number of people losing their homes will start to fall. But some pain from the crisis is sure to persist. Because millions of people are already in foreclosure, deeply discounted houses will put pressure on home prices for years.

“Housing is on a path to recovery,” said Mike Larson, a real estate analyst with Weiss Research. “It’s going to be a very long, gradual process.”

In high-foreclosure cities like Las Vegas, Phoenix and Miami, homes have lost roughly half their values from their peaks. But a report Friday from the Mortgage Bankers Association showed Nevada, Arizona and Florida had some of the biggest declines in new delinquencies.

The figures probably mark “the beginning of the end” of the crisis, said Jay Brinkmann, the trade group’s chief economist. [Read the full article]

Ford said on Friday that it has received more than 5,300 orders for its new F-150 SVT Raptor, more than it had expected.

“We couldn’t be more pleased with the popularity of the F-150 SVT Raptor,” said Mark Grueber, marketing manager for the F-150 truck.

He said Ford wound up building more 5.4 liter V-8 models of the high-speed off-road performance truck than it had expected. Ford plans to begin producing a version with a 6.2 liter engine in the spring. [Read the full article]

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