United Attendants threaten strikes over US Airways merger
United Airlines flight attendants authorized periodic strikes if merger with US Airways proceeds without a waiver, with 95 percent of voters backing action. The union cites a pay raise clause while United warns of illegal job action under federal law and the current contract.
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US Airways
Association of Flight Attendants
United
AFA
Bill Hobgood
Rono Dutta
Linda Farrow
American Airlines
American
Reno Airlines
Andy Plews
Chiquita awards bonuses amid restructuring and losses
Chiquita Brands International, facing a 94.9 million loss and debt talks, approved large bonuses for top executives. CEO Steve Warshaw earned 750,000, others include Robert Kistinger 425,000 and Peter Horenkens 180,440, with 300,000 for general counsel Robert Olson. Employees due 2001 bonuses face 60 percent vesting if still with the company by June 20. Analysts warn of fiduciary risk as the firm negotiates bond concessions to avert bankruptcy.
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Chiquita Brands International
U.S. Securities and Exchange Commission
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SEC
Steve Warshaw
Robert Kistinger
Fresh Produce
Peter Horenkens
European Fresh Produce Group
Robert Olson
John McMillin
Prudential Securities
New York
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Napster asks Congress for music licensing on the Internet
Napster urged Congress to require recording companies to license music online at a set fee through a compulsory system. MP3.com and Napster decried licensing delays while the recording industry resisted, calling an Act of Congress needed to make Internet music fair and profitable. Senate hearings featured musicians, labels, and web services debating pay for plays.
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Congress
Washington
Recording
Senate Judiciary Committee
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Hank Barry
Judiciary Committee
Barry
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Orrin Hatch
Utah
Hatch
March car sales hint at easing U S industrial slump
John M Berry reports surprisingly strong March auto sales helped shrink swollen dealer inventories and may lift overall U S production after five straight declines. Analysts suggest April to June auto output could add about one percentage point to quarterly growth, signaling consumer resilience despite market jitters.
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U.S
John Conally
Stone & McCarthy
Financial Markets
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