Clear the ‘Air’

US Airways shareholders moved the carrier a step closer to an $11 billion merger with AMR’s American Airlines by approving the combination in a vote yesterday.

Block-ing Fed

H&R Block, the biggest US tax preparer, gained the most in five weeks after announcing a deal to sell bank assets in an effort to exit Federal Reserve oversight. Shares jumped 69 cents, to $30.63

Failed delivery

UPS, the world’s No. 1 package delivery company, forecast second-quarter profit below expectations, signaling that the global economic recovery still has a ways to go. Shares fell 5.8 percent, to $86.12.

WebMD jets

WebMD, owner of the consumer health-information website, rose to its highest value in 18 months after saying revenue and profit this year will be higher than previously forecast. Shares jumped 25 percent, to $33.82.

Netflix kickin’

Netflix rose 5.4 percent, to $257.26, yesterday as expectations for strong customer growth prompted Barclays to boost its price target for the shares.