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Tight squeeze: American Airlines' newest Boeing 737s will have less legroom in most of the economy cabin.

American Airlines to cut legroom in economy class

American Airlines' newest Boeing 737s will have less legroom in most of the economy cabin than current versions of the narrow-body plane, with at least three rows shrinking the space between seats to 74 centimetres.

The ASX 200 index took a big step back from the 6000-point mark on Wednesday.

ASX suffers worst day in six weeks

The ASX's seemingly relentless rise towards the elusive 6000-point threshold suffered a setback on Wednesday after heavy selling in the big banks.

Apple sold 50.76 million iPhones in its fiscal second quarter ended April 1, down from 51.19 million a year earlier.

iPhone 'supercycle' softens blow of sales drop

Apple reported a surprise fall in iPhone sales for the second quarter on Tuesday, indicating that customers had held back purchases in anticipation of the 10th-anniversary edition launch of the company's most important product.

Woolworths said total group sales were up 4.4 per cent to $13.8 billion in the 13 weeks to April 2.

Woolworths blitzes Coles but Big W woes deepen

Woolworths has flagged higher costs for labour, fruit and vegetables and a wider loss for its troubled discount department store Big W this half, as it blitzed supermarket rival Coles with the strongest quarterly sales growth in years.

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