[naviga:h3]Airline stocks jump, hike forecasts[/naviga:h3]

NEW YORK — Airline stocks surged Tuesday after American and United slightly sweetened their outlook for third-quarter revenue.

Those two carriers were the biggest gainers among the Standard & Poor’s 500.

Investors have grown concerned about slower growth in revenue from tickets and fees, partly due to a fare war between United and discounters such as Spirit Airlines. Heavy discounting threatened to halt a rally in revenue that has helped airlines post strong profits in recent years.

American said that revenue for every seat flown one mile would rise about 1 percent compared with a year earlier, and by an even bigger margin in the fourth quarter. The per mile figure is a closely watched indicator of pricing power in the airline business, and even raising the third-quarter range by a half-point was enough to push American’s shares higher.

[naviga:h3]Burger Kings tries to burn Wendy’s[/naviga:h3]

NEW YORK — Burger King is adding spicy nuggets to its menu and firing up a rivalry with burger chain Wendy’s, which pulled the peppery snack from most of its restaurants earlier this year.

Burger King said Tuesday that its version of spicy nuggets will roll out nationwide this week. Some locations in Miami, New York and Los Angeles will give a free 10-piece to anyone who can prove their name is Wendy on Oct. 13.

Back in March, Wendy’s Co. wrote to fans in an open letter that its spicy nuggets weren’t that popular, and it would only sell them at restaurants in seven cities.

Burger King, owned by Restaurant Brands International Inc., said it saw on social media that there was still demand for spicy nuggets and started developing them about four months ago.

“It’s all over Twitter and Facebook,” said Burger King President Alex Macedo. “People miss spicy nuggets.”

[naviga:h3]P&G fends off activist investor[/naviga:h3]

Initial voting results show Procter & Gamble successfully fending off an attempt by activist investor Nelson Peltz to capture a seat on its board, though he did not immediately concede, saying it was too close.

Shares in the consumer products giant are down following the vote at Procter & Gamble’s headquarters in Cincinnati on Tuesday.

“We are encouraged that shareholders recognize P&G is a profoundly different, much stronger, more profitable company than just a few years ago,” the company said.