Judge approves auction of bankrupt TWA for American plan
A federal bankruptcy court approved American Airlines 200 million emergency financing and cleared an auction of Trans World Airlines. The judge rejected objections from Continental Northwest and Carl Icahn while allowing a 500 million buyout bid with a 75 million higher offer minimum. Northwest may bid separately for Worldspan stake, and a 14 million employee retention package was approved. TWA planned to seek an auction date before March 12 as it integrates into American.
MENTIONED IN THIS ARTICLE
Wilmington, del
American’ Airlines
Trans World Airlines Inc
U.S
Sue L. Robinson
Continental
Northwest
TWA
Carl Icahn
American
William Compton
Worldspan Reservation Service
AMR Corp
Marty Heires
American Airlines
Icahn
Continental Airlines
Dave Messing
Michael Palumbo
Rothchild
David Resnick
Don Carty
Mennonites in Mexico face drug trade and crisis in their camps
In Cuauhtemoc Chihuahua, about 9,000 Mennonites confront a surge of drugs and crime after police raid two homes for crack cocaine and a pistol. Authorities warn of a broader issue as camps modernize and youth face temptations, while leaders call for renewal and aid.
MENTIONED IN THIS ARTICLE
Cuauhtemoc
Mexico
Blanca Peters
Peters
Enrique Villagran
Canada
Chihuahua
Germany
Russia
Manitoba
U.S
Mennonite Brethren Herald
Jacob Funk
Funk
Texas
Manuel Caracosa Alvarado
Francisco Friessen
Houston Mayor withdraws plan to close two downtown fire stations
Houston Mayor Lee Brown backed off a plan to shutter the city's two downtown fire stations amid public outcry. The Fire Department faces a 4.2 million overrun this year due to retirements and higher workers compensation costs, with alternatives uncertain. Downtown coverage would shift to six nearby stations during a temporary build in Midtown and a larger station project remains planned for three to five years.
MENTIONED IN THIS ARTICLE
Houston
Lee Brown
Houston Fire Department
Houston Chronicle
Brown
Midtown
Brother of five victims faces possible deportation
In Brownsville, 13 year old Jose Martinez may be deported if in the country illegally after a trailer park fire killed five of his siblings. He remains in a San Benito detention center tied to alleged car theft. His mother Maria Dulce Martinez faces negligence charges related to the deaths.
MENTIONED IN THIS ARTICLE
Brownsville
Texas
Jose Martinez
Mexico
San Benito
Arturo Moreno
Immigration and Naturalization Services
Harlingen
Maria Dulce Martinez
Also Mentioned on This Page
Discos
United States
Cornelia Peters
God
Kamal N. Tolia, M
American Board of Bariatric Medicine
Robert G. Konchar
Podiatrist
Ashford Park Office
Odessa
Prysmctians & Surgeons
Southwestern Bell
Board
Ceriied
Permian
Shugart Studios, Inc
N. County Road
Holiday Inn
Midland
Monkey Do
Home Hospice
Iller Muiing Inc
W. University
Quinceanera
Ghuitations
Farmers Insurance Group
Jim Reeves Insurance
8Th Street
Permian ‘Basin
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