Airlines loosen ticket rules as war fears rise
American Airlines joins peers in relaxing rules for war or Level Red alerts. Changes waive the $100 fee for domestic and international tickets bought within 60 days of war or alert, with one free rebooking by Dec 31 2003. Analysts warn of industry recession and possible bankruptcies without labor concessions. AMR shares rise to 2.81.
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American Airlines Inc
Fort Worth
Texas
Continental Airlines
Buttrick
United Airlines Inc
US Airways Inc
American
Continental
Northwest
Delta
United Airlines bets on cheaper shuttle amid union fears
United Airlines plans a new low cost carrier code named Starfish to win back market share as unions push for better wages. CEO Glenn Tilton says there is no alternative and cites competition from Southwest and JetBlue while noting many doubt the plan’s viability given past shuttle failures and the need to cut costs.
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United Airlines
Starfish
United
Glenn Tilton
Southwest Airlines
JetBlue Airways
Southwest
Tilton
Aaron Gellman
Northwestern University
Transportation Center
Kellogg School of Management
United Management
American Airlines
American
Donald Carty
Chicago
Bristol-Myers Squibb settles federal anticompetitive charges
The FTC said Bristol-Myers Squibb blocked cheaper generics for Taxol Platinol and BuSpar, costing cancer patients and others hundreds of millions. The firm avoided competition by patent manipulation and paid a rival $72.5 million not to introduce generics. Bristol agreed not to list patents after a generic firm signaled market entry. no fine was imposed. Penalties to be negotiated by states suing Bristol.
MENTIONED IN THIS ARTICLE
Washington
Bristol- Myers Squibb Co
Federal Trade Commission
FTC
Bristol
Joe Simons
Bureau of Competition
Patent and Trademark Office
Susan Creighton
Competition Bureau
Cash hoarding grows as market uncertainty boosts liquidity
Americans pile into cash and short term savings amid war fears and volatile markets. The Hess couple keep two to three years of living expenses in a cash board while stock funds see outflows and homes, bonds, and gold attract investor dollars.
MENTIONED IN THIS ARTICLE
Charles
Trudy Hess
Dallas
Hesses
Charles Hess
National Association of Realtors
Federal Reserve
Treasury
Gary Caine
Bruck & Caine Advisory
Culver City
Calif
Bill
Sharon Schlarb
Pasadena
Bill Schlarb
Ed Vardeni
Prudential Securities
New York
U.S
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Home Builders Association OF
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HBASI
Home Builders Association of Southern Illinois
Illinois
Association
Saes
MC Gee Homes
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Talamore Builders
TIP Top Construction
True-Bilt Farm & Com Building CO
Webbcom Inc
C. Howell Construction
Cook Construction
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