November Rise in New Home Sales At 710000 Rate
The Commerce Department reports new house sales rose 9.6 percent in November to a seasonally adjusted annual rate of 710,000, the fastest gain in four months. October had a revised 0.9 percent gain, with September showing larger outflows and July’s 14.1 percent surge standing as the peak.
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Special Fuel Surcharge Increases Airline Tickets
New York Trans World Airlines announced a special fuel surcharge of 5 to 20 dollars per ticket, about 4 percent of an average fare. United, Midway, and USAir Group matched the move, mirroring Eastern Airlines, the first such surge since the 1970s oil crisis.
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UAL Accelerates Talks With Non-Union Workers
UAL Corp accelerates talks with its non-union workers about a potential employee buyout. Investor group Coniston Partners set a deadline and pressure, while UAL Chairman Stephen Wolf notes talks begin two days after the deadline. Merrill Lynch to sell Canadian retail brokerage to Wood Gundy as part of restructuring.
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