America West files reorganization plan after bankruptcy
America West Airlines unveiled a Chapter 11 reorganization plan backed by an investment group led by Continental and Mesa Airlines offering up to 245 million dollars. The Tempe carrier aims to emerge from bankruptcy with creditor and shareholder committees backing the plan and a court hearing likely next month.
MENTIONED IN THIS ARTICLE
America West Airlines
Continental
Mesa Airlines
Continental Airlines
David Bonderman
Fidelity
America West
Martin Whalen
Robert Mooreman
AmWest Partners plan to split America West stake revealed
A plan filed Tuesday outlines AmWest Partners receiving 33.5 percent of the reorganized airline, with unsecured creditors receiving 59.5 percent or up to 100 million dollars in cash. Current shareholders would obtain 5 percent of the new stock, while GPA Please see America West.
MENTIONED IN THIS ARTICLE
AmWest Partners
Markets cheer Fed rate hike as inflation fears ease
The Dow rose 49.11 to 3720.61, highest in two months, after the Fed boosted two key lending rates. The 30 year Treasury jumped over 20 dollars per thousand, sending its yield from 7.44% to 7.26%. The dollar dipped then recovered. The funds rate rose to 4.25% from 3.75% and the discount rate to 3.5% from 3.0%, the first increase since February 1989.
MENTIONED IN THIS ARTICLE
Dow Jones
Fed
Treasury
Brazil bans driving while using cellular phone
The National Traffic Council outlawed talking on portable phones while driving, arguing one hand must leave the wheel. Fines can reach 25.20 dollars, with repeat offenders risking license suspension. Dashboard panel phones remain allowed to keep both hands on the wheel.
MENTIONED IN THIS ARTICLE
Buddy
Brazil
National Traffic Council
Council
Orestes Bastos
O Globo
AT&T sets global personal number service for travelers
AT&T will offer traveling subscribers a personal 700 number usable worldwide. EasyReach 700 Service costs a $10 enrollment fee and a $7 monthly fee plus usage charges, with expansion to 127 countries aimed for completion by year end June.
MENTIONED IN THIS ARTICLE
At&t
Tucson area housing starts rise 44 percent in April
Southern Arizona Home Builders reports Tucson area housing starts jumped 44 percent from April 1993 to last month, with 626 permits issued versus 439 a year earlier. Year to date through April permits total 2,230, a 57 percent rise, while Oro Valley alone issued 93 permits, up 60 percent for the month.
MENTIONED IN THIS ARTICLE
Tucson
Southern Arizona Home Builders
Oro Valley
Retail gasoline prices rise but hold near prior levels
In the past month retail gasoline prices increased by 1.9 cents per gallon while remaining around the same level as the previous period. The data suggests modest inflation in fuel costs with little near term volatility, reflecting ongoing supply and demand dynamics in the market.
Interest rates slow Phoenix housing market rebound
Local single-family housing permits in Maricopa County fell 14.6 percent in April from March as higher rates curb activity. Nationally, housing starts slipped 2.5 percent in April, with gains in the Midwest and Northeast offset by decreases in the West and South.
MENTIONED IN THIS ARTICLE
Maricopa County
R.L. Brown
Phoenix Housing Market Letter
U.S. Commerce Department
Midwest
Brown
Valley
Initiative drive would raise injured workers benefits
Labor leaders push a ballot measure to lift Arizona workers compensation benefits from 1400 to 2333 dollars monthly, index the cap for inflation, allow payments within four days, and boost survivors’ death benefits. Backers seek 105,541 valid signatures by July 7 for a November vote. opponents warn higher employer costs.
MENTIONED IN THIS ARTICLE
Fairness
Arizona
Proper typing habits for healthier wrists and long computer use
A veteran writer with thirty years in newsrooms discusses typing health. He notes many tech friends suffer wrist and back pains and even nerve damage from poor typing, and he offers guidance on sustaining strength and comfort during extended computer work.
Typing Lesson: Slow Down to Save Hands and Health
This excerpt warns against rapid typing and repetitive motion injuries. It explains risks like repetitive strain, weak grip, and pain in the thumb and wrist. It advises breaks after 30 minutes, stopping if numbness, and suggests that pausing can improve accuracy and overall output.
MENTIONED IN THIS ARTICLE
Vee
van Cliburn
Also Mentioned on This Page
America West Files
William A. Franke
Tribune Wire Services
Commerce Department
Federal Home Loan Mortgage Corp
Chuck Shipley
The
Arizona Chamber of Commerce
Bill Husted
Technobuddy
Nyse Index
Nyse
WalMart
IBM
BankAmer
S&p
Nasdaq
U.S
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