Continental Airlines bid sparks potential bidding war
Alliance of investors led by Air Canada and Air Partners LP offered 400 million dollars for Continental Airlines amid Chapter 11 restructuring. Hollis L Harris of Air Canada and former Continental CEO says the company has cut losses, improved service, and won traveler support while creditors negotiate debt-to-equity conversion. Robert Bass was not funding the bid, despite ties to Air Partners leaders.
MENTIONED IN THIS ARTICLE
Air Canada
Texas
Continental Airlines
Carrer
Air Partners LP
David Bonderman
James Coulter
Robert M Bass
Bell & Howell
Hollis L Harris
Presi
Dent
Continental
Harris
World’s top airlines by 1991 revenues including Air Canada
The world's six leading carriers by 1991 revenues are listed, noting Air Canada and Continental Airlines in a combined group. The report cites a New York Times News Service item about Continental’s plan amid a major pension shortfall and a settlement with the Pension Benefit Guarantee Corp clearing a hurdle in pursuing reorganization.
MENTIONED IN THIS ARTICLE
Air Canada
Continental Airlines
U.S
NY Times News Service
Pension Guarantee Benefit Corp
Continental
Saturn strike may force dealers to turn away customers
A strike at GM Lordstown parts plant halted Saturn production and may force dealers to refuse customers. About 2,400 UAW members walked out, shutting parts flow to 5,200 workers at the plant and adjacent Chevy and Pontiac operations. With only five to six days of parts, Saturn dealers face delayed deliveries and long waiting lists.
MENTIONED IN THIS ARTICLE
Saturn
General Motors
United Auto Workers
Lordstown
Spring Hill
Tenn
Soga
Lordstown Assembly
Bill Bowers
UAW
Rog Jones
Robert Zamora
Stockton
California
North America
Corporate profits rise to second-quarter record amid slow real estate gains
U S Commerce Department data show profits up 2 percent in the second quarter to a record annual rate of 2346 billion, after a 108 percent surge in Q1. Unemployment claims fell to 382,000 for the week ended Aug 15, the largest mid‑Aug drop in 22 months. Real estate conditions eased from May to August with the FDIC index at 63, down from 72, signaling slower improvement. The Dow gained about 783 points to 3234.64 as stocks rose on a firmer dollar and overseas rallies, with Florida-related building stocks among leaders after Hurricane Andrew.
MENTIONED IN THIS ARTICLE
Commerce Department
Associated Press
Labor Department
General Motors
Michigan
Federal Deposit Insurance Corp
Federal Banking Agency
Florida
New York Stock Exchange
Associated
Syracuse Jobless Rate Holds At 7.1 Percent In July
Syracuse unemployment stayed at 7.1 percent in July, down from 7.1 percent in June, with economist Roger Evans noting weak summer hiring and ongoing recession effects. The city shed about 400 factory jobs, while peers like Rochester and Albany reported higher rates around 57 to 68 percent.
MENTIONED IN THIS ARTICLE
Syracuse
State Labor Department
Labor Department
Roger Evans
Evans
New York State
Rochester
Albany
Binghamton
Poughkeepsie
Elmira
Orange County
Utica-Rome
Glens Falls
Nassau-Suffolk
Buffalo-Niagara Falls
New York City
Top polluters singled out by watchdog group
Knight Ridder reports Citizen Action names top emitters for 1990 based on Toxic Release Inventory data. Du Pont leads overall releases with two thirds of toxins injected into deep wells, while 100 firms account for about 11 billion pounds, 23 percent of total emissions.
MENTIONED IN THIS ARTICLE
Chemcal
du Pont
Citizen Action
Washington Group
Environmental Protection Agency
Chemical
Releas
Wilmington
Del
Renco Group Inc
New York
Chemical Manufacturers Association
Washington
Citizen Action Report
Tom Pollak
Citizen Acton
Ciizen
Price gouging charged after Hurricane Andrew damage
Florida officials say price gouging or profiteering by wood suppliers surged as plywood and construction materials spiked after Hurricane Andrew. Attorney General Butterworth subpoenaed Georgia Pacific, Weyerhaeuser, and Louisiana-Pacific to justify prices while companies defend pricing within contract channels.
MENTIONED IN THIS ARTICLE
South
Florida
Bob Butterworth
Georgia- Pacific Corp
Weyerhaeuser Co
Louisiana-Pacific Corp
Butterworth
Weyerhaeuser
David Coburn
Market bets glow in 1992 presidential race
The AP reports money driven political markets in the United States and Britain betting on the election. Two systems exist a nonprofit Iowa study with 500 plus investors and a London bookmaker run market and both see Clinton narrowing Bush leads as traders buy and sell based on supply and demand.
MENTIONED IN THIS ARTICLE
Hillary
Dan
United States
George Neumann
University of Iowa
The
Iowa
George Bush
Bill Clinton
London
1G Index PLC
Clinton
Bush
Ross Perot
Commodity Futures Trading Commission
Presidential stock quotes show Clinton and Bush in daily rounds
The report lists fluctuating stock prices for Clinton and Bush with varied cent values across multiple entries, including figures like 34, 35, 34, 44, 47, 46, 48, 49, and August 27 dated notes. It reflects speculative trading activity and price contrasts between the two figures across different lines.
Also Mentioned on This Page
Alliance of Investors
New York Times News Service
United
Delta
Air Canadas
Usair
Tennessee
Dow
Roger Hamilton E
Nixon Gear
Milton Ave
Solvay
Allied Chemical CO
DICE
Onondaga County Industrial Development Agency
Onondaga Hill
Rae
Bele
Knight-Ridder Newspapers
Coburn
Louisiana-Pacific
Barry Lacter
Lacter
Georgia-Pacific
Andrew
Louisiana
Buel
Clnton
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