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Airline industry tries to boost fares (AP via Yahoo! News) - The airline industry boosted many one-way fares by up to $10 late Monday, as carriers struggle with weakening domestic results, though most have had scant success in making increases stick recently.

Former Moore research head tries to replicate industry returns (Market Watch) - SAN FRANCISCO (MarketWatch) -- Jerome Abernathy, former head of research at hedge fund giant Moore Capital Management, unveiled a new fund on Tuesday that tries to replicate returns generated by the industry, but with lower fees.

Airline industry raises profit forecast, but debt weighs (AFP via Yahoo! News) - The world airline industry raised its profit forecast for this year Monday to five billion dollars from 3.8 billion dollars, but said conditions need to improve more to help reduce heavy debts.

Airline Industry Boosts Fares (San Francisco Chronicle) - The airline industry boosted many one-way fares by up to $10 late Monday, as carriers struggle with weakening domestic results, though most have had scant success in making increases stick recently. Late Monday, Continental Airlines Inc. raised one-way...

U.S. Stocks Fall on Service Industry Report; Bed Bath Drops (Bloomberg.com) - June 5 (Bloomberg) -- U.S. stocks dropped after growth in the service industry accelerated faster than expected, pushing bond yields to the highest level since August.

Us Defends South Korea FTA From Auto Industry Criticism (Asia Pulse via Yahoo!7 News) - A top U.S. trade negotiator on Tuesday disputed American auto industry criticism of a free trade agreement (FTA) with South Korea, saying it was a "myth" to believe the pact works against carmakers.

US DEFENDS SOUTH KOREA FTA FROM AUTO INDUSTRY CRITICISM (Asia Pulse via Yahoo!7 Finance) - Agribusiness A top U.S. trade negotiator on Tuesday disputed American auto industry criticism of a free trade agreement (FTA) with South Korea, saying it was a "myth" to believe the pact works against carmakers.

Diamond industry watchdog unfazed by Ottawa audit (CBC Saskatchewan) - A Canadian observer of the diamond industry says the fight against "blood diamonds" is working, despite a recent report suggesting the country's commitment is inadequately funded.

Italian film industry rebukes Tarantino (Reuters via Yahoo! News) - The Italian cinema industry is up in arms after recent comments from director Quentin Tarantino, who called the current state of the film industry "depressing."

MIX and UBmatrix Launch XBRL Solutions for Microfinance Industry (SYS-CON Media) - The Microfinance InformationExchange, Inc. (MIX), the world's leading business information provider forthe microfinance industry, and UBmatrix, the leading provider of XBRLinformation exchange solutions, today announced the launch of a newXBRL-based solution designed to streamline and standardize financialinformation reporting in the microfinance industry. The solution wasdeveloped using products ...