NEW YORK (CNN) -- CNN Money's Maribel Aber has your top business and financial news on this Wednesday, April 17.
Lawmaker: Seniors should pay more for national parks
Seniors should pay more to access national parks, said one lawmaker during a House hearing Tuesday on forced budget cuts. Currently seniors age 62 and older can buy a lifetime access pass for $10 -- allowing them to bypass entrance fees at national parks. The deal is touted by groups such as AARP as one of the perks of aging up or retiring.
American Airlines grounds flights nationwide due to glitch
American Airlines grounded flights nationwide on Tuesday due to problems over several hours with its computerized reservation system. The decision also resulted its regional affiliate, American Eagle, holding flights at Dallas Ft. Worth, Chicago's O'Hare and New York LaGuardia -- all major airports for the carrier's domestic operations. The glitch caused big delays and flight cancellations for the company, which sought court approval on Monday to exit bankruptcy. It plans to merge with US Airways.
GM mulls new name for new Chevy Colorado midsize pickup
The new trucks, which will be shown later this year, will replace the Chevrolet Colorado and GMC Canyon. General Motors is considering new names for its all-new mid-size pickup trucks expected to go on sale next year, a top executive said this morning. The new trucks, which will be shown later this year and are likely to arrive here as 2015 models, are a new generation of the Chevrolet Colorado and GMC Canyon. "We're researching the names," Mark Reuss, GM North America president, told reporters this morning. "Do they mean something to people - or the trucks are so different, do we need a change of names, too?
The lucrative business of cigarette smuggling
Wanna make a quick $1,944,000? Buy a truckload of cigarettes in Virginia and sell them in New York. Yeah, it's illegal. But that's how much can be made from selling a tractor trailer's worth (that's 800 cases, each holding 600 packs of cigarettes) of low-tax Virginia cigarettes in high-tax New York, based on estimates from the Bureau of Alcohol, Tobacco, Firearms and Explosives. And that's exactly what criminals are doing. In 2011, more than 60% of all cigarettes sold in New York were smuggled in from another state, according to the Mackinac Center for Public Policy, a free-market think tank. That's up from about 36% in 2006.