Flight attendants OK concessions at American Airlines
American Airlines flight attendants approved a 340 million dollar concessions package after a 1,642 vote swing, with 10,761 for and 9,652 against. The agreement averts bankruptcy and follows earlier rejections amid industry pressures from the economy, post September 11 fears, SARS, and the Iraq war.
MENTIONED IN THIS ARTICLE
Fort Worth, Texas
American Airlines
Association of Professional Flight Attendants
Iraq
United Airlines
American
AME
Drugmakers Reach Medicaid Settlement Over Pricing Abuse
Bayer AG and GlaxoSmithKline agreed to multi million dollar settlements over Medicaid price reporting. Bayer pays about 250 million dollars and Glaxo roughly 88 million for not disclosing lowest prices, with penalties tied to alleged overcharges on Cipro Adalat Paxil and Flonase. Glaxo cites interpretation of the Best Price Statute in limited repackaging deals as the sole issue.
MENTIONED IN THIS ARTICLE
Boston
Bayer AG
GlaxoSmithKline
Bayer
GiaXxo Wil
The
Boston Globe
Cipro
Adalat
Glaxo
Military body armor makers rush to equip troops
In Caryville Tennessee Ricky Lyke and 190 workers race to fill a DoD order for 15,000 interceptor vests and 60,000 yokes and collars. His son Spc Jason Lyke serves in the 5th Infantry Division. PACA and DHB Industries expand staff to meet a $20 million, 90 day contract with the Army and DoD.
MENTIONED IN THIS ARTICLE
Carylville
Tenn
Ricky Lyke
U.S
Iraq
Lyke
Spc
Jason Lyke
5Rd Infantry Division
HHC
Department of Defense
U.S. Army
Tactical Armor Products
Luke
Justin
Claudene Schubert
Protective Apparel Corporation of America
Spe
Deric Schubert
44Th Medical Command Airborne
Fort Bragg
N.C
Schubert
Hussein
PAC4
DOD
Army
Judy Brown
PACA
DHB Industries Inc
Carle Place
N.Y
Point Blank
Fort Lauderdale
Fla
Florida
Middle East
Bethlehem Steel to sell mills to ISG for 1.5 billion
Bethlehem Steel plans to complete a 1.5 billion sale of its steel mills to Cleveland based International Steel Group, with closing set for April 30. ISG would become the largest integrated steelmaker producing up to 16 million tons yearly, and take over Burns Harbor Sparrows Point Lackawanna Coatesville and Conshohocken plants. No other qualified bids emerged and an auction was not held.
MENTIONED IN THIS ARTICLE
Philadelphia
Bethlehem Steel
Its
Steel Mills
International Steel Group
Bethlehem
Robert S. Miller
Miller
U.S
New York
ISG
Wilbur Ross Jr
LTV Corp
North Point Industries LLC
Edgemere
Bramcote Associates Inc
Audubon
North Point
Alvin Levinson
Burton R Lifland
Levinson
United Steelworkers Union
John Duray
Rivlin
Bramcote
Federated Details CEO Pay and Plans for 2004
Federated Depart ment Stores reported 2002 compensation for top executive at 2.7 million dollars, up from 1.8 million in 2001, with chairman James Zimmer man receiving 1.3 million in base pay and a 1.3 million target for Lundgren, who became president and CEO in March. The retailer, owner of Macy’s and Bloomingdale’s, had sales of 15.4 billion in 2002.
MENTIONED IN THIS ARTICLE
Washington
Dow Jones/ AP
Federated Department Stores Inc
Securities and Exchange Commission
James M. Zimmerman
Zimmerman
Terry J. Lundgren
Lundgren
Federated
Macy’s
Bloomingdale’s
Lazarus
Tech gains fail to lift blue chips as Dow slides
Blue-chip stocks fell sharply amid broad declines while tech shares rose on Microsoft and Intel earnings. The Dow dropped 144.75 points to 8,257.61, the Nasdaq edged up, and the S P 500 slid 10.90 as traders booked profits amid cautious outlooks. Microsoft gained after beating estimates, Intel rose on better than expected profits, and cautious optimism followed mixed economic data.
MENTIONED IN THIS ARTICLE
New York
Microsoft
Intel
Coca-Cola
Todd Clark
Wells Fargo Securities
Dow Jones
Standard & Poor
Wall Street
Iraq
U.S
Steven Goldman
Weeden & Co
John C. Forelli
Independence Investments
Boston
Labor Department
Commerce Department
Tech Com
Dollar Falls Against Currencies as Gold Rises Worldwide
The dollar weakened vs most major currencies in European trading as gold advanced. In late European trading the euro stood at $1.0851, yen at 1.2030 per dollar, and the pound at $1.5750. Gold closed London at $224.70 per ounce, Zurich bid $226.38, and Hong Kong gold at $323.95. Silver edged lower to $4.46 in London.
MENTIONED IN THIS ARTICLE
London
New York
Europe
Zurich
Hong Kong
Dow Dives Led By Coca Cola After Soft Drink Growth Slip
Microsoft, Intel, Hewlett Packard and TBM were among big movers as Coca Cola slid $2.63 to $39.90 after the company reported first quarter volume growth lagged expectations, tallying a broad market downturn.
Also Mentioned on This Page
Donald J. Carty
AMR Corp
Bruce Hicks
Lon
Schipps Howard
Lett
Katie Adkins
Tracy Isner
Caryville, Tenn
Scripps Howard
Claudené Schuben
Afghanistan
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