Continental Airlines seeks to use bankruptcy to alter labor contracts
Continental Airlines filed for Chapter 11 to shed costly labor agreements and run with reduced staffing. Officials deny union busting, while flight attendants and other union reps warn the move aims to break unions and push lower wages. Analysts note the risk of setting a looser standard for rejecting contracts and compare with Wilson Foods and other cases pending Supreme Court review.
MENTIONED IN THIS ARTICLE
Los Angeles Times
Continental Airlines
Continental
Francisco A. Lorenzo
Lorenzo
Marilyn Wade
Union of
Flight Attendants
Victor Vilaplana
San Diego
U.S. Supreme Court
New Jersey
Oklahoma City
Wilson Foods
Manville Corp
Amatex Corp
UNR Industries Inc
Supreme Court
Bildisco Co
Avenel
N.J
Local 408
International Brotherhood of Teamsters
Bildisco
National Labor Relations Board
U.S. 3Rd Circuit Court of Appeals
Philadelphia
Frank R. Kennedy
University of Michigan
Braniff International Corp
Howard Putnam
Braniff
Kennedy
Congress
Oldsmobile Unveils 1984 Cutlass Cruiser in Midsize Class
The front wheel drive Cutlass Cruiser marks Oldsmobile's 1984 midsize entry with a wide upward opening tailgate and a separately hinged rear window for easy loading. Cedar Rapids dealer Allen Motor Co expects delivery soon.
MENTIONED IN THIS ARTICLE
Oldsmobile
Cedar Rapids Area
Allen Motor Co
MorAmerica to buy A S Financial Services Omaha unit
MorAmerica Financial Services of Cedar Rapids will acquire 80 percent of A S Financial Services of Omaha and its subsidiaries American Savings Co and Sarpy County Savings. The deal includes a planned capital injection and keeps A S as a MorAmerica subsidiary with assets above 42 million dollars.
MENTIONED IN THIS ARTICLE
MorAmerica Financial Services
Cedar Rapids
A&s Financial Services
Omaha
A&s
American Savings Co
Sarpy County Savings
Peter Bezanson
MorAmerica
Robert Short
Jerry Maples
MorAmerica Maples
Nebraska
Bezanson
Stocks tumble as traders cash in profits
Stocks declined broadly on Tuesday as investors booked gains after a rally. The Dow fell 12.80 to 1,247.97 amid losses in transportation and financial shares, while the Nasdaq and S&P indices also retreated. Volume on the NYSE reached 81.10 million shares.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Dow
The
Securities and Exchange Commission
Santa Fe and Southern Pacific announce rail merger
Santa Fe Industries and Southern Pacific Co. said they will merge into a holding company named Santa Fe Southern Pacific Corp creating a multibillion dollar system with about 25 000 miles of track. The deal ties two large railways into a single network spanning the West Southwest and Midwest.
MENTIONED IN THIS ARTICLE
San Francisco
Santa Fe Industries
Southern Pacific Co
Santa Fe
Southern Pacific Corp
Southern Pacific
West
Southwest
Midwest
General Tire Recovers 2.42 Million From Iran
General Tire says it received 2.42 million dollars as full settlement for damages after its Iranian operation was seized in 1979. The claim, filed with the Iran United States Claims Tribunal in 1981, sought 20 million dollars. The payment comes from Iran Tire Manufacturing Co. and the Iranian government, with tribunal approval.
MENTIONED IN THIS ARTICLE
Akron, Ohio
General Tire & Rubber Co
General Tire
Iran
the Hague
Iran Tire Manufacturing Co
Islamic Republic of Iran
Retirement benefits for Rock Island employees begin filing
Washington AP Retirement benefits for former Rock Island railroad workers will be available after October 1. Senator Roger Jepsen said applications will be mailed to those on the Railroad Retirement Board records. Applications may be obtained at board offices after October 15 with a January 31, 1984 filing deadline.
MENTIONED IN THIS ARTICLE
Washington (Ap
Rock Island Railroad
Roger Jepsen
Jepsen
Rock Island
Railroad Retirement Board
Central
Patricia Fink
Transport Workers Union
Eastern bankruptcy threat sparks union backlash
Eastern Airlines faces a looming crisis as Frank Borman urges 15 percent wage cuts to avoid bankruptcy court. Union leaders say the carrier is not near bankruptcy, pushing for revenue boosts and warning against intimidation while negotiations resume with a labor referee and looming strike deadlines.
MENTIONED IN THIS ARTICLE
Miami
Eastern Airlines
Eastern
Frank Borman
Charles Bryan
Frank) Lorenzo
Continental
Borman
Richard McGraw
Continental Airlines
Earnings for 10 largest U S airlines in quarter end June
The 10 largest U S airlines posted mixed results in the quarter ending June 30. United earned 109.7 million in profit, American 39.6 million, Pan American 10.4 million, while Eastern and Trans World posted losses of 33.7 and 16.2 million respectively. Delta 25.5 million, Northwest 14.4 million, Continental 26.5 million loss, Republic 43.9 million loss, and Western 23.8 million loss.
MENTIONED IN THIS ARTICLE
U.S
American Airlines
Pan American World Airways
Eastern Airlines
Trans World Airlines
Delta Air Lines
Northwest Airlines
Continental Airlines
Republic Airlines
Also Mentioned on This Page
Continental Action
American Savings
Gretna
Neb
American Insurance Inc
Banker's Realty
Morris Plan
Iowa
Illinois
Wisconsin
C.& R. Pastor Securities
Madrid
Spain
Merrill Lynch
Advest
SEC
E.F. Hutton
Paine Webber
Phibro-Salomon
American Express
Shearson American Express
Baldwin United
General Housewares
Standard & Poor
S&p
American Stock Exchange
Gulf Coast
Union Pacific
Missouri Pacific
Western Pacific
Rock
Union
Cocoa Beach
Harry Bickford
Bickford
Tom Myers
Bryan
United Airlines
Western Airlines
FDIC
FSLIC
Securities Corporation of Iowa
SCI Financial Group
Second Avenue Southeast
SIPC
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