Economic outlook shifts toward cautious optimism for 2003
After a harsh 2002 the economy shows early signs of revival. Growth revisions lift GDP to 4 percent in Q3, productivity hits a high since 1966, and mortgage rates spur a record November for new homes. Unemployment benefits loom, 401k limits may rise, and a new SEC chair aims to quicken governance reforms.
MENTIONED IN THIS ARTICLE
Jeschennots
Sabenes
Wall Street
Merrill Lynch
North Korea
Iraq
al-Qaida
Challenger, Gray & Christmas
UBS/Gallup
Washington
Bush Administration
John Snow
Treasury Department
Stephen Friedman
William Donaldson
Securities and Exchange Commission
SEC
Delta Flips Standby Fee Policy Aligning With Open Seats
Delta Air Lines will charge a 25 trade for standby changes within three hours of departure, waives the fee for SkyMiles gold and platinum members, and allows changes on any open seat including connections. Changes more than three hours away remain 100 with fare difference. Effective March 1 for tickets bought on or after Sept. 5, across 50 states and Canada.
MENTIONED IN THIS ARTICLE
Atlanta
Delta Air Lines
Delta
American
Continental Airlines
United Airlines
Dee Baker Amos
States
Canada
Poland to buy 48 F-16 fighters for 3.5 billion
Poland selects Lockheed Martin F-16s to upgrade its air force to NATO standards, beating Saab Gripen and others. The package includes weapons, training, and a 9.8 billion offset program with Polish industries. Deliveries set 2006–2008.
MENTIONED IN THIS ARTICLE
Warsaw
Poland
U.S
Lockheed Martin
NATO
Janusz Zemke
New York Stock Exchange
Radom
Defence Ministry
WorldCom posts larger October losses amid flat sales
WorldCom Inc. reported October losses nearly doubled from September as sales stayed flat. The Clinton based company faced an accounting fraud estimate exceeding $9 billion and reduced capital spending. It ended October with $2.1 billion in cash and liquid investments and secured up to $1.1 billion in borrowing authority as it plans bankruptcy emergence.
MENTIONED IN THIS ARTICLE
Clinton, Miss
WorldCom Inc
WorldCom
U.S
Also Mentioned on This Page
Lou Dobbs
Tribune Media Services
Air Force
Sweden
Saab
Britain
BAE Systems
France
United States
Europe
Zemke
America
Szczecin
ANPAC
Bill Driscoll
Willman
Hiawatha
John Behn
Center Point Rd
Cedar Rapids
American National Insurance Co
American National Property and Casualty Co
Harlem Globetrotters
Gea Stikia
Calla Cha
K US
U.S. Cellular
TicketMaster
Ticketmaster.com
Jeff
Kathy Schumacher
1St Ave
the Great Furniture Mart
First St. SE
Sun
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