Ford shakes up Lincoln Mercury management amid restructuring
Ford Motor Co announces breaking off Lincoln and Mercury from European names and dismisses Premier Automotive Group head Wolfgang Reitzle who leaves May 1 to run Linde AG while staying as a consultant. BellSouth posts first quarter profit from asset gains but trims full year outlook despite higher earnings per share. Qwest shares dive after Fitch downgrades rating as revenue and earnings outlook miss. Washington Post Co reports higher quarterly earnings led by cable and education growth. Google cuts off access to dozens of Comcast subscribers amid automated search concerns and clarifies robots ban.
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United Airlines parent company posts 510 million first quarter loss
United Airlines owner UAL Corp reports a 510 million first quarter loss as revenue declines 28 percent amid schedule cutbacks and labor negotiation hurdles. The report notes improving seat fill to 72 percent and cash burn easing to half the prior quarter, but warns of ongoing industry woes and expected continued losses.
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