United Airlines May Face Chapter 11 as Bankruptcies Grow
United Airlines could file for Chapter 11 bankruptcy by year end as its stock tumbled 27 percent to 3.80, with over $2 billion in cash but high losses and rising costs. Analysts say labor costs and weak demand threaten recovery. interim CEO Creighton signals loan guarantees may be denied, heightening risk for the second-largest U.S. carrier.
MENTIONED IN THIS ARTICLE
Chicago
United Airlines
US Airways
United
UAL Corp
David Field
Airline Business Magazine
Jack Creighton
United Employees Sunday
Bankrumtcy
Vanguard Airlines
Midway Airlines
AMR Corp
American Airlines
Delta Air
O’hare
Ket
Fed
Mine Kayes
Eastover Capital
New York Stock Exchange
Boeing
Stocks end mixed as Fed rate expectations loom
US equities drifted with the Dow down 56.56 to 8688.89 as investors booked profits after last week’s rally and awaited Fed rate guidance. S&P 500 slid to 903.80 while Nasdaq rose 0.72 to 1306.84 amid light volume and caution over earnings and government-financial-certification deadlines.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Federal Reserve
Standard & Poor
Fed
Wilo
Robert Streed
Northern Select Equity Fund
Chicago
Daza
Dollar slips as Fed cut hopes fade for rate cut timing
The dollar falls to its lowest against the yen in over a week as investors discount immediate rate-cut hopes. Analysts say a potential year-end cut could support the dollar if proactive easing lifts US growth and draws in foreign investors amid upcoming earnings and data releases.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
Fed
Anne Parker Mills
Brown Brothers Harman
Bennigan's opens in Elyria on West River Road North
Bennigan's Grill & Tavern debuts in Elyria beside Staples near Westfield Mall offering 70 items from steaks to salads with Time Crunch Lunch and St Patrick celebration promos. The 225 seat restaurant employs about 140 staff and is Metromedia's sixth Ohio Bennigan's with locations in Canton Copley Cuyahoga Falls Mentor and North Olmsted.
MENTIONED IN THIS ARTICLE
Sruck Hun Chronicle
Jeff
Kellie
Norwalk
Bennigan's
West River Road
Elyria
Rachel
Bennigan's Grill & Tavern
Staples
Westfield Shoppingtown
Ireland
Steve Urso
Eryria
Bennigan
Bennigan’s
Ohio
Plano
Texas
Metromedia
Canton
Copley
Cuyahoga Falls
Mentor
North Olmsted
Former ImClone CEO Waksal pleads not guilty
Samuel Waksal founder and former chief executive of ImClone Systems Inc pleaded not guilty in Manhattan federal court to insider trading and perjury. New charges of obstruction of justice and bank fraud were added, with potential prison time over the fraud count. He defended ImClone and its Erbitux drug while prosecutors reviewed a possible plea deal that would reveal insider tips to relatives and friends including Martha Stewart.
MENTIONED IN THIS ARTICLE
Intel
Salomon Smith Barney
Applied Materials
Imclone
Samuel Waksal
J.C. Penney
Wal-Mart
Penney
New York
ImClone Systems Inc
US District Court
Manhattan
Waksal
Martha Stewart
U.S
Michael $. Schachter
William H
Aliza
Dack
Cmei
Arives
Phrase Hidden in Letter Grid
A word puzzle presents letters arranged to reveal a familiar phrase or name. Identify the well known expression by scanning the grid for common idioms, proverbs, or named entities formed across adjacent cells. The solution relies on spotting overlapping letters that assemble the target phrase.
Also Mentioned on This Page
West
Michael Boyd
Creighton
Thomas Molloy
Bank Leumi
Federal Reserve Bank of Philadelphia
Christina Jollitie
the Chronicle Telegram
Christina Jolie
Chroniletelegram
Chronicle On Time
Poeta Po
Sheffield Lake
Vermilion
North Ridgeville
Avon
Erbitux
Food and Drug Administration
O1wwarl
Calef
Omnimedia Inc
Stewart
Ryt
Iw JP
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