Supreme Court weighs limits on canceling union deals in bankruptcy
Arguments focus on Bildisco and Bildisco and whether a company must prove survival to cancel a collective bargaining agreement. Justices hear Teamsters and DOJ positions amid broader cases, including Continental and Eastern Airlines, as circuits split on when bankruptcy can override labor contracts.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
New Jersey
Continental Airlines
Continental
Wilson Foods
Oklahoma City
Iowa
Cedar Rapids
Cherokee
Clarinda
Eastern Airlines
Bildisco
Avenel
N.J
Teamsters Union
National Labor Relations Board
3Rd U.S. Circuit Court of Appeals
3Rd Circuit
2Nd U.S. Circuit Court of Appeals
2Nd Circuit
Lawrence G. Wallace
Justice Department
James R. Zazzali
Newark, N.J
Teamsters
Zazzali
Jack M. Zackin
Roseland
Group seeks ban on toys as TV cartoons
Washington AP A children's advocacy group petitions FCC to stop airing cartoons that market toys. Peggy Charren of Action for Children's Television accuses broadcasters of turning child TV into commercials, citing Pac Man Monchhichis Smurfs G I Joe Strawberry Shortcake and more.
MENTIONED IN THIS ARTICLE
Washington
Peggy Charren
Action For Children’s Television
Charren
Federal Communications Commission
FCC
Market Plunge Follows Rise in Rates and Oil Fears
Wall Street dropped sharply as rising short term Treasury rates and Iran Iraq oil worries spooked traders. The Dow fell 19.51 to 1265.14 amid broad energy and financial stock declines with 93.72 million shares traded.
MENTIONED IN THIS ARTICLE
NEW York
Middle East
Averee
New York Stock Exchange
Treasury
Iran
Iraq
Persian Gulf
Texaco
Atlantic
Standard Oil
Indiana
Mobile
Exxon
Financial Corp. of America
Golden West Financial
HLF
Ahmanson
Great Western Financial
Comdisco
Imperial Chemical
American Stock Exchange
Amex
NYSE
Jepsen pushes two year moratorium on phone access fees
Iowa Senator Roger Jepsen backs a two year delay on long distance access charges tied to AT&T divestiture. A House and Senate hearing heard from seniors and small businesses fearing service loss, while telecoms urged immediate implementation and monitoring of impacts.
MENTIONED IN THIS ARTICLE
Jepsen
Dale Kueter
Gazette
Mount Vernon
Congress
American Telephone and Telegraph Co
Roger Jepsen
Lowa
Cornell College
Federal Communications Commission
Bell System
Iowa Commerce Commission
At&t
Congress’ Joint Economic Committee
Des Moines
Senate
Bell
Bill Stauffer
Northwestern Bell
Kathryn Moon
Iowa City
Heritage Agency
Paul Brower
Iowa Electric Light and Power Co
Iowa Electric
Barbara Ashbacker
Olson
Stauffer
Short-term T-bill yields rise to three-week highs
Treasury auctions showed higher yields as about 12 billion dollars of new T-bills were sold. Three month bills offered an average discount of 8.83 percent, six month bills at 8.97 percent, with actual returns of 9.18 percent and 9.55 percent respectively.
MENTIONED IN THIS ARTICLE
Washington
Treasury
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Byron R. White
DOW Jones
Industrials
Harnischfeger Corp
James Harpham
General Telephone
Midwest
Grinnell
Curt Olson
Cascade Telephone Co
Sid Vicious
Manhattan
Wes Ralston
Wes
Office Services Inc
6Th St
FDIC
FSLIC
SIPC
Securities Corporation of Iowa
SCI Financial Group
Second Avenue Southeast