Fewer Carriers Likely as Airline Mergers Continue
Industry observers warn mergers and bankruptcies will shrink flight options with more crowded planes and higher fares. Experts say regulatory delays could extend timelines for new alliances, leaving travelers facing limited choices and rising ticket prices. Some fear air travel may become unaffordable for many in the middle class.
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Phoenix
Delta
Northwest
Mark Cooper
Consumer Federation of America
Congress
US Airways
Rick Seaney
FareCompare.com
Peter Schiff
Euro Pacific Capital
Delta and Northwest merger tests Comair role in network
Industry observers weigh how the Delta Northwest tie up affects Comair, Delta’s Cincinnati hub presence, and Erlanger Ky based operations. Delta and Northwest presidents stress Comair’s value and indicate possible divestiture of noncore assets while promising Comair remains integral to the Delta network.
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Comair
Delta Air Lines
Delta
Northwest Airlines
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Bastian
Ohio energy bill faces rocky path amid rate and market debate
In Columbus lawmakers weigh a sweeping energy plan affecting how Ohioans pay for power and how utilities buy and sell energy. Key questions probe bill costs, market rules, and protections against rising bills while tensions between Governor Strickland and House Speaker Husted stall a compromise.
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Ohio
American Electric Power
Duke Energy
FirstEnergy
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Pace Tac
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Jon Husted
Convicted execs seek bond ahead of sentencing in $1.9 billion fraud
Former National Century Financial executives, including Lance Poulsen, ask a federal judge for release while awaiting prison terms likely up to 20 years. The Dublin based health care financier faced a sprawling fraud case dating to 2002 with allegations of hidden losses, inflated data, and a bribery scheme to influence a government witness.
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Victoria's Secret
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Algenon Markley
Markley
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Delphi executive com to emerge from Chapter 11
Delphi Corp Executive Chairman Steve Miller says the company expects its turnaround plan to generate 20 to 30 billion dollars in new annual business as it exits bankruptcy. However, leaving Chapter 11 will take more time amid weak U S auto sales and tight capital markets that keep investors wary and complicate securing financing.
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Detroit
Delphi Corp
Steve Miller
U.S
Market in Review Gains and Lows Amid Trading Day
The market in review shows a 0.49 percent rise from the prior close with prices trading between a high of 12,987.79 and a low of 12,260.8. Analysts note momentum as investors weigh economic signals and corporate results.
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