Airline executives warn of industry recovery pitfalls
Washington hearing heard airlines complain that rising fuel costs undermine recovery and balk at paying 435 million in security fees. Lawmakers signaled willingness to extend war risk coverage but blasted handling of fuel costs and ruled out another bailout. Rep. John L. Mica urged airlines to endure, noting some low-cost carriers posted profits despite tough times.
MENTIONED IN THIS ARTICLE
Washington
House
Congress
John L. Mica
Subcommittee On
Aviation
Mica
Afla
Stocks slip as investors await jobs data amid OPEC output rise
Wall Street retreated as traders awaited the Labor Department employment report, with the Dow down 0.6 percent to 10,195.91 and the Nasdaq off 1.4 percent. Intel fell on concerns over its forecast but recovered in extended trading after boosting its Q2 revenue outlook. OPEC raised its production ceiling by 2 million barrels daily, yet uncertainty about oil's impact persists. Labor productivity beat expectations, while costs rose, raising worries about profit margins.
MENTIONED IN THIS ARTICLE
New York
OPEC
Intel Corp
Labor Department
Todd Clark
Wells Fargo Securities
Standard & Poor
Wall Street
Arthur Hogan
Jefferies & Co
Intel
Enron seeks judge’s approval for complex reorganization plan
On the first day of a hearing in New York, Enron's plan to emerge from bankruptcy faced objections, with Citigroup and JP Morgan Chase among the largest creditors. Lawyers described the process as a formality, though some creditors may receive less under the plan than in liquidation.
MENTIONED IN THIS ARTICLE
Houston
Enron Corp
Bran Rosen
Enron
Arthur Gonzalez
New York
Citigroup
JP Morgan Chase
Gonzalez
Rosen
Anthony Sabino
St John’s University
Starbucks and bar owner in trademark mediation
Mediation in the trademark dispute between Starbucks Corp and Galveston bar owner Rex Bell over the name Starbuck beer is expected to start soon. U S Judge Samuel Kent ordered mediation and set trial for 2005, with a settlement report due by July 30.
MENTIONED IN THIS ARTICLE
Galveston
Starbucks Corp
U.S
Samuel Kent
Kent
John Egbert
Houston
Rex Bell
Associated Press
Oil futures fall as OPEC lifts output ceiling and demand jitters grow
New York crude settled 1.7 percent lower as a large inventory build and OPEC plans to raise the production ceiling to 26 million barrels a day by August outweighed by U.S. stock gains. Saudi Arabia and UAE plan unilateral output boosts, while fears of terrorism keep prices high but indicators point to a decline. July Nymex crude settled at 39.28 a barrel, off from Monday's record.
MENTIONED IN THIS ARTICLE
New York
OPEC
Organization of Petroleum Exporting Countries
Beirut
Saudi Arabia
United Arab Emirates
U.S
New York Mercantile Exchange
Fadel Gheit
Oppenheimer and Co
Gheit
Nymex
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Dennis Coon
Airtran Airways
Joseph Leonard
America West Airlines
Douglas Parker
Frontier Airines
Jeff Potter
United Airlines
Glenn Titton
Capital Hill
House Transportation and Infrastructure
Baytemperature.control.com
Bay Temperature Control Inc
Meg Richards
Lebanon
By Kristen Hays
Starbucks
Teachers Credit Mnronwn Teachers Credit Union
BTC
Fate
Goose Creek Cisd
Barbers + Isp
Crosby Isb
Lee College
Chambers County
SC Ae Ict Usace Led
Aly
A “Eoe
CashSys
SAF
Talbots
ImageWr
PatMied
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Kci
Thera
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Atlantis
Aitelet
Vican
Salton
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MediaSurs
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Palatin
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Comforce
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Dow Industrials
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Dow
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Jenus
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Rydex
Civicercierg Mime
Niece West It
Tnd
peCan Cove
Val
Mutiap Cove
Fund Notin
Cerrata
Jennifer Marcontell
Stefe
Edward Jones
Membaz Sipc
Mes
Stephen V. Takach
Alexander
Baytown
Edwardjones.com
SIPC
Edwardjones
Eae
Ced
Community Resource
Crcu.org
Decker
Texas
Baytown Sun
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