Airlines cut Europe fares following Delta price drop
Delta Air Lines announced a fall and winter fare cut about 30 percent across 33 European destinations and Israel, with American Airlines British Airways Continental matching. United said it would meet Delta’s prices, while Trans World Airlines and Continental hinted at exceptions or adjustments. The cut targets travel Sept 14 to Dec 14 with midweek purchases by Aug 31, and requires seven to 30 nights on nonrefundable tickets.
MENTIONED IN THIS ARTICLE
Delta Air Lines Inc
Europe
Delta
Israel American Airlines
British Airways
Continental
Umited Airlines
Trans World Airlines
Doni Melling
Ad Uneé
American
Bermuda
Caribbean
Israel
Public meeting on USDA services draws growers and lawmakers
New York and Pennsylvania Poa growers are expected at a Friday 9am Sheraton Inn Liverpool session led by Deputy Secretary Ann Veneman and US Reps Pat Roberts and Charlie Stenholm. The event, held after prior sessions in Times, Kansas and Ohio, aims to gather producer input with about 100 attending. Meanwhile McDonald’s has pulled pasta and chicken dishes from 70 restaurants in several states to refine products, a cautious testing approach executives say yields strong consumer response and may boost future menu items.
MENTIONED IN THIS ARTICLE
New York
Pennsylvania
Sheraton Inn
Liverpool
United States Department of Agriculture
Ann M. Venemar
Pat Roberts
R-Kan
Charlie Stenholm
D-Texas
USDA
Ene Ruff
Ruff
Kansas
Ohio
McDonald’s
Tennessee
Chuck Ebeling
Gant
Stock indices retreat after five day rally
Stock prices finished mixed in subdued trading Tuesday with little news to extend the market rally and investors cautious ahead of key data. The Dow Jones industrial average fell 110.8 points to 3,384.32 as advancers narrowly outpaced decliners on the New York Stock Exchange.
Delta unveils trans Atlantic fare structure during spring sale
Delta begins a brief fare promotion from today through Sept 4 with travel allowed Oct 1 to March 31 1993. Representative midweek fares are cheaper than weekend or winter, aiming to establish a trans Atlantic pricing plan, spokesman Neil Monroe said. The industry faces a 50 percent fare war this spring, contributing to weak financial results.
MENTIONED IN THIS ARTICLE
Delta
Neil Monroe
Phar-Mor Execs Accused of $350 Million Embezzlement
Phar-Mor Inc reports senior executives diverted funds and filed $350 million in non existent refits over three years. Co founder Michael Monus and ex CFO Patrick Finn face FBI scrutiny as the chain plans a $350 million earnings reduction for 1993.
MENTIONED IN THIS ARTICLE
Phar-Mor Inc
Phar-Mor
Anks
Michael Monus
FBI
Manus
Colorado Rockies
Patrick Finn
Finn
Gerald Gold
Reuter
Youngstown
Coopers & Lybrand
Coopers
Regional home-price surge outpaces national gains
The National Association of Realtors reports Pacific Northwest and Midwest cities lead price increases from April to June. Richland and Spokane Washington show the largest gains, while California and parts of the Northeast see price declines. National sales rise modestly amid uneven regional trends.
MENTIONED IN THIS ARTICLE
California
Northeast
Pacific Northwest
Midwest
Richland
Wash
Spokane
National Association of Realtors
Trenton
Hartford
Conn
Providence
New York City
Saturn sales boom tests dealer inventories nationwide
Saturn cars remain in short supply as dealers report depleted allotments while JD Power ranks Saturn third in customer satisfaction behind Lexus and Infiniti. Spring Hill plant production rises to 1000 cars daily but fails to keep pace with demand from 180 dealers and a 135000 unit annual sales figure through 1992. The division plans three new models this fall with standard driver side air bags and added traction control.
MENTIONED IN THIS ARTICLE
JD Power & Associates
Saturn
Lexus
Infiniti
General Motors
Spring Hill
Tenn
Chase Manhattan Bank cuts credit card rates promotions
Chase Manhattan Bank joined Citibank and American Express in lowering credit card rates to attract business. The plan offers Chase Classic Visa or MasterCard at 14.4 percent variable with balances over 2500 and 16.4 percent with no minimum balance, down from 19.8 percent. Gold cards offer 13.4 percent variable with balances over 3500 or 15.4 percent with no minimum, from 17.5 percent. The national average rate is 12.2 percent.
MENTIONED IN THIS ARTICLE
Chase Manhattan Bank
Chase
Citibank
American Express
Congress
Federal Reserve
Chase Plan
Chase Gold
Chase Gold Card
Ram Research
Fredenck, Md
Bemis packaging drives steady growth with wide reach
Investor notes Bemis Company Inc a major packaging maker tied to Tyson Foods Campbell Soup and Coca Cola with 70 percent of revenue from food packaging. The column highlights a 1982 to 1991 price surge from $10 000 to $120 000 after four stock splits and predicts potential earnings growth overseas and in South America Asia and Europe while warning readers to do their own due diligence.
MENTIONED IN THIS ARTICLE
Tyson Foods
Campbell Soup
Ralston-Purina
Kraft
Cole
Coke
Cadbury- Schweppes
Bemis
EMS
Minnesota
BMS
South America
Asia
Europe
Bemus
Malcolm Berka
Creators Syndicate Inc
Money Matters
The
Herald-Journal
Berko
Syracuse Herald-Journal
P.O. Box
Lauderhill
Fla
Also Mentioned on This Page
Associated Press
Dan Padovano
Syracuse
Kenn Peters
McDonald's
McDonald's Corp
Michael Kennedy
IDS Financial Services
Minneapolis
New York Stock Exchange
NY Times News Service
Crelenns
Eenssia
Atlante
Madrid
Atlanta
Paris
York
Amsterdam
Athane
Cincinnati
London
Frankfurt
Los Angeles
Dallas
Fort Worth
Zurich
Miami
Detta
New York Times News Service
Crannal
Carol Robinson
Spohasy Onan
San Francisco
John Tuccillo
Chhef
Realtors Group
States
District of Columbia
Georgia
Delaware
Utah
Ing
New Mexco
Dan Hudon
Barneveld
N.Y
Hudon
Dave Wilkins
Stanley
Seneca Falls
W. Genesee St
Auburn
Sam Dell Group
He Bemis
L.A
Amer
Malcolm Berko
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