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Southern Illinoisan in Carbondale, Illinois

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Newspaper

Southern Illinoisan

Location

Carbondale, Illinois, United States of America

Date

Mar 09, 2003

Page

21

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.

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.

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.

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.

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

Also Mentioned on This Page

Samuel Buttrick UBS Warburg AMR Corp Bristol-Myers Squibb Co P Peery Www Ilpga.org Aler S. Illinois Ave Carbondale, IL Mon-Sat Sun Home Builders Association OF Southern Illinois HBASI Home Builders Association of Southern Illinois Illinois Association Saes MC Gee Homes Ron Brown Talamore Builders TIP Top Construction True-Bilt Farm & Com Building CO Webbcom Inc C. Howell Construction Cook Construction DAVIE E. A. Knight Construction Jack Construction CO JAMES Kenner Construction
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