American Airlines pilots brace for mass layoffs under six year deal
About 2,500 of American Airlines pilots face job losses over the next year as part of a 660 million annual concession to avert bankruptcy. The pact cuts salaries 23 percent in year one starting May 1 and 17 percent in each following year, with 21 percent of the 12,000 active pilots to be laid off. ratification by pilots takes 14 days.
MENTIONED IN THIS ARTICLE
American Airlines
John Darrah
Allied Pilots Assn
American
Air Canada to Seek Bankruptcy Protection
Air Canada said it would file for bankruptcy protection to gain time to reorganize its business and secure concessions from unions and government aid. As Canada’s largest airline with a vast network to the United States and beyond, it employs over 30,000 people. Shares fell to a 52 week low with trading halted on the Toronto Stock Exchange ahead of the announcement.
MENTIONED IN THIS ARTICLE
Air Canada
United States
Toronto Stock Exchange
Best Buy Earnings Dip as Musicland Closures Continue
Best Buy Co. Inc. posted lower fourth quarter earnings amid ongoing store closures in the Musicland division as it seeks a buyer. Despite beating projections, the electronics retailer trimmed its first quarter outlook due to political and economic uncertainty. Net income was 311 million dollars, 96 cents a share, including 67 million dollars from discontinued operations, down from 350 million dollars, 1.08 per share, a year earlier.
MENTIONED IN THIS ARTICLE
Best Buy Co. Inc
Musicland
Wall Street
Best Buy
Kansas International to host breakfast with ex ambassador
Kansas International invites Lawrence attendees to a 7:30 a.m. Friday breakfast at Alcamar Country Club. Former U.S. Ambassador David Lambertson will address the North Korean nuclear issue and potential solutions after a six week posting with the Korean Peninsula Energy Development Organization. Reservations cost 15 dollars for the public and 10 dollars for students. call 865-4426.
MENTIONED IN THIS ARTICLE
Kansas International
U.S
David Lambertson
Alcamar Country Club
Crossgate Drive
Lambertson
North Korea
Korean Peninsula Energy Development Organization
March Results Show Automaker Sales Dipping
Detroit’s Big Three automakers posted a 3.8 percent drop in March sales as buyers paused on large purchases. GM reported a 3.3 percent decline, Ford fell 5 percent, and Chrysler slipped 3.4 percent with car sales down nearly 20 percent while trucks rose 2.5 percent amid economic uncertainty and the Iraq conflict.
MENTIONED IN THIS ARTICLE
Derrick Milan
Belleville
Mich
Tony Colbert
Detroit
Southgate
Iraq
General Motors
Paul Ballew
Ballew
Ford
Chrysler
Retail marketers weigh patriotism in wartime ads in Ozarks
Missouri shop owner Cindi Runowski questions patriotic merchandise ads as she fears seeming to profit from war. Industry observers say advertisers are rebalancing tone after 9 11 style intimacy, opting for softer images and restraint to avoid appearing disingenuous or profiteering while supporting troops.
MENTIONED IN THIS ARTICLE
Cindi Runowski
Missouri
Ozarks
Iraq
Runowski
Vietnam
Fort Bragg
N.C
Hoag Levins
Advertising Age Magazine
AdAge.com
Cindrunowski
Springfield
Kansas economy weighed by job losses in aircraft sector
A Creighton University survey shows Kansas and the nine state Midwest region cooling in March with the Mid-America index dropping to 47.9 from 57.7 in February. Energy costs and aircraft manufacturing weakness drive the slide, with Kansas showing 50 for new orders, 46.2 for inventories, and 38.5 for employment as regional employment slips.
MENTIONED IN THIS ARTICLE
Omaha
Nes
Kansas
Mid-America
Ernie Goss
Creighton University
Midwest
Goss
Arkansas
Iowa
Minnesota
Missouri
Nebraska
North Dakota
Oklahoma
South Dakota
Confidence Index Edges Higher Amid Mixed February Data
Goss notes the index improves to 52.4 from 48.1 in February though hiring was weak. March production slips to 57.3 from 59.0. Confidence eases to 60.1 yet participants stay cautiously optimistic about the economy six to nine months ahead. The outlook warns that prolonged Iraq war and higher energy costs could dampen confidence.
MENTIONED IN THIS ARTICLE
Goss
Ticipants
Iraq
Fleming Cos. Files for Chapter 11 Bankruptcy Protection
Fleming Cos Inc, once a grocery powerhouse, filed for Chapter 11 in Delaware after losing its 10 year $4.5 billion supply contract with Kmart in 2001. The Dallas based firm employs about 150 in Topeka and halted NYSE trading at 50 cents. Archie Dykes named board chairman.
MENTIONED IN THIS ARTICLE
Fleming Cos, Inc
U.S
Kmart Corp
Fleming
Topeka
Kmart
Delaware
New York Stock Exchange
Kansas University
Archie Dykes
Also Mentioned on This Page
Aviation Canadian
Lawrence
By Jim Suhr
Levins
Pert Noid
Pert
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!