FAA chief grilled over massive flight cancellations and safety oversights
Senators pressed acting FAA administrator Robert Sturgell on last week’s widespread cancellations amid maintenance holds and safety checks. They cited fuselage crack inspections, Southwest penalties, and American Airlines’ MD-80 grounding, while critics urged consistent enforcement over public relations.
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Washington
Federal Aviation Admin
FAA
Robert A. Sturgell
Appleease
Southwest
American
Key CEO dodges talk of National City merger
Cleveland based National City Corp faces merger talk as KeyCorp chief Henry Meyer III declines comment on acquisition interest during a conference call. Meyer cites inappropriateness of discussing potential deals while detailing a 38 percent drop in first quarter profit to 218 million dollars and noting market disruptions.
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Cleveland
KeyCorp
National City Corp
Key
Henry Meyer III
National City
Meyer
National
Visa Inc
Thomson Financial
American Greetings Reports Fourth Quarter Profit
American Greetings Corp. swung to a quarterly profit in its fourth quarter despite a tough retail environment. The Cleveland company earned 15.6 million dollars or 31 cents a share for the quarter ended February 29, reversing a 12.2 million dollar loss or 22 cents per share in the year ago quarter. The prior period included charges from selling its candle line and closing 60 stores.
MENTIONED IN THIS ARTICLE
Cleveland
American Greetings Corp
Hallmark Cards Inc
Delta chief assures Cincinnati hub stays open after merger
Delta Air Lines President Ed Bastian told reporters at Cincinnati/Northern Kentucky International Airport that the Northwest merger will not endanger the Cincinnati hub or Comair. He said it could boost international access and Comair’s regional jet role while promising no hub closures. Governor Beshear and officials voiced cautious optimism about Delta’s commitment to Kentucky and the airport.
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Hebron
Delta Air Lines
Northwest Airlines
Delta
Cincinnati
Comair
Ed Bastian
Northern Kentucky
Bastian
Steve Beshear
Beshear
Commonwealth of Kentucky
Kentucky
Atlanta
Minnesota
Northwest
Greater Cincinnati
Dana names ex Toyota executive Gary Convis as CEO
Dana Holding Corp. appointed Gary Convis, former Toyota Motor Manufacturing Kentucky head, as chief executive. He succeeds acting CEO John Devine as Dana rebounds from bankruptcy and continues restructuring to cut costs and diversify away from Ford and GM.
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Toledo
Dana Holding Corp
Toyota Motor Corp
Gary Convis
Toyota Motor Manufacturing
Kentucky
Ford Motor Co
General Motors Corp
Convis
Dana
John Devine
Toyota
Georgetown
Devine
Gary
U.S
Detroit
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M.R. Kropke
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Iuearly
South America
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Krol Inc
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