Quattrone charges dropped on NASD ruling
Regulators drop all charges against Frank Quattrone over IPO allocations after NASD proce dural rulings. The case follows an SEC reversal of a lifetime ban and a federal appeals court toss of a obstruction conviction, with a potential third trial if pursued.
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Washington
Star Technology
Frank Quattrone
National Association of Securities Dealers
NASD
Attrone
Securities and Exchange Commission
Quattrone
Fed
Eral Appeals Court
Delta pilots approve 280 million pay deal to end strike threat
Delta Air Lines Inc and its pilots reach a binding concessions pact worth 280 million annually as a bankruptcy judge approves the agreement after pilots vote 61 percent in favor. The deal runs through 2009 and allows the airline to emerge from Chapter 11 in the first half of next year. The government pension insurer objects to how pension assets would be treated if the pilots' pension is terminated. Judge Adlai Hardin signed the accord in White Plains New York. Caterpillar opens a job assessment center in Lee County North Carolina with Central Carolina Community College funding a three year program. The center, costing 245000, will assess manufacturing applicants and provide training. initial opening is planned for July.
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Delta Air Lines Inc
Delta
Bob Huetts
Lee County Economic Development Commission
Delta Air Lines
Consumers spend on apparel as May sales beat expectations
Consumers showed money to spend in May with shoppers at apparel stores and malls lifting retailer results. Donald Soares of Capgemini US said spending will continue, though Wal-Mart saw pressure from high gasoline costs. Ads and reports indicate May winners spanned multiple sectors based on merchant sales.
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New York
Wal-Mart Stores Inc
Donald Soares
Consumer Products Group
Capgemini U.S. LLC
May
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TJX Cos
Federated Department Stores Inc
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