Union given one day to save airline
American Airlines teeters on bankruptcy after flight attendants reject a share of $340 million in wage concessions amid a deadline for union approval. Pilots and ground workers approved over $1 billion in cuts, but the attendants’ vote could push AMR Corp toward insolvency as losses mount from a weak economy and industry slump.
MENTIONED IN THIS ARTICLE
Fort Worth. Texas
American Airlines
American
Don Carty
AMR Corp
Ailines
Iraq
Airlnes
Allied Pilots Association
Transport Workers Union
Sail
Flight Atendants
Tues
Boone
Carty
Juhn Darrah
Fort Worth
Bethlehem Steel sale heats with two bids vs ISG stake
Two private firms seek to top International Steel Group by bidding for bankrupt Bethlehem Steel in Maryland court filings. North Point Industries proposes delaying auction to May 14 and offers over ISG by 300 million, while a second bidder remains unnamed. Bethlehem officials weigh new offers as ISG pushes to finalize a 1.5 billion bid and complete the sale.
MENTIONED IN THIS ARTICLE
Dundalk, Md
Bethlehem Steel
International Steel Group
North Point Industries, LLC
U.S
Manhattan
ISG
Bethlehem
North Point
F. Ridgely Todd Jr
Bette Kovach
Steve Miller
Rodney Mott
Todd
U.S. Treasury
Serendipity International Foundation
California
Serendipity
Thomas Mayer
Mayer
Bethlehem, Pa
GE to axe 800 jobs at jet engine division
GE Aircraft Engines will eliminate up to 800 salaried positions worldwide by June as the jet engine division copes with a slump in air travel. About 7,500 workers are at the HQ plant near Cincinnati. CEO Dave Calhoun cites SARS in Asia and financial strain in Europe and North America as drivers.
MENTIONED IN THIS ARTICLE
Evendale
General Electric Co
GE Aircraft Engines
Jet
Cincinnati
Dave Calhoun
Co-Op expands to serve small farms in area
Town and Country Co-Op on Erie Street enlarges with a 1000 square foot greenhouse and revamped storefront to emphasize small farms while still serving large farms. Expansion cost 100000 to 150000 dollars. Grand opening May 3 features vendor demos hog roast petting zoo police dogs and buy one get one free coupons plus live radio coverage.
MENTIONED IN THIS ARTICLE
Grafton
Town and Country
Co-Op
Erie Street
Christa Horst
Horst
Medina
LaGrange
Wobl-Am 1320
Wireless number portability fight reaches federal court
Verizon Wireless and CTIA seek to block FCC rules mandating number portability for wireless customers. Consumer groups argue loss of numbers hinders switching for better service and pricing. FCC cited deadlines tied to top 100 cities with extensions. court aims to decide months from now.
MENTIONED IN THIS ARTICLE
Washington
Federal Communications Commission
Andrew McBride
Verizon Wireless
Cellular Telecommunications and Internet Association
McBride
U.S. Court of Appeals
District of Columbia
FCC
Congress
U.S
Vertizon Wireless
Commission
Chris Murray
Consumers Union
Consumer Reports Magazine
Murray
Stocks rise on modest earnings despite disappointing results
The Dow rose 51.26 points as investors shrugged at tepid first quarter results from General Motors and Bank One. Nasdaq gained 6.06 while S&P 500 added 5.58 amid mixed earnings and waning war fears. IBM and US Bancorp led intraday gains. GM and Bank One fell after warning/missed targets. Overseas markets posted modest advances.
MENTIONED IN THIS ARTICLE
New York
General Motors
Bank One
Thomas F Lydon Jr
Global Trends Investments
Newport Beach
Calif
Dow
Standard & Poor
Stephen Carl
Williams Capital Group
Federal Reserve
Wall Street
IBM
US Bancorp
UBS Warburg
Microsoft
Intel
New York Stock Exchange
Japan
Europe
France
Britain
Germany
Dollar slips as Middle East tensions weigh on markets
The dollar declined against major rivals in light trading amid muted news on Iraq and Syria. Investors cited uncertainty over the Middle East and dim US growth prospects as reasons for the currency’s narrow ranges. Euro at 1.0815, yen 120.14, Swiss franc 1.3900, Canadian dollar 1.4478, and British pound 1.5731 to 1. USD.
MENTIONED IN THIS ARTICLE
New York
Dowdones
Iraq
Syria
Also Mentioned on This Page
Union
Jeff Mohrman
Fhohman
Chronoletelegram
Chuck Humel
Chronicle
Cathy Rudisill
Donna Baker-Siebert
Gostings
Town and Country Co-Op
Wireless Industry
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