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United joins Delta in shift to fare-based loyalty plan

Posted: June 11, 2014 at 2:44 a.m.

United Continental Holdings Inc.'s move to base frequent-flier rewards on fares instead of distance flown is seen as likely to force American Airlines Group Inc. and foreign rivals to match.

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This Jan. 4, 2010 file photo shows an historic marker on Wall Street in New York. The stock market drifted lower Tuesday, June 10, 2014, after major indexes reached another record high the day before.

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