Continental to seek bankruptcy protection
Continental Airlines Holdings Inc. plans to file for Chapter 11 protection due to high fuel costs and heavy debt. It will sell its Seattle Tacoma route to American Airlines for $150 million pending court approval while promising to maintain full service and operations.
MENTIONED IN THIS ARTICLE
New York
Continental Airlines Holdings Inc
Seattle-Tacoma
Tokyo
American Airlines
Continental
Cleveland
Cleveland Hopkins International
Airlines
Cleveland Hopkins
Wilmington
Del
Texas Air Corp
Continental Airlines
Eastern Airlines
Eastern
Ford dealer Conyers marked elder statesman of Ford black dealers
Celebration Ford Motor Co chairman Harold Poling and Detroit Ford dealer Nathan G. Conyers chat near an ice sculpture at a party last week marking Conyers twenty years at his Ford dealership. He was hailed as elder statesman of Ford's two hundred forty black dealers.
MENTIONED IN THIS ARTICLE
Ford Motor Co
Harold Poling
Detroit
Ford
Nathan G. Conyers
Conyers
Big Three keep slim inventories amid gloom on GM outlook
Wire service reports note GM predicts a fourth quarter loss with production cuts of 111000 vehicles to 1.07 million. The piece also cites broader market moves as Bush comments buoy hopes for Iraq war end and oil falls sharply, with a $4-plus drop in a key session.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Robert Stempel
New York
Bush
Iraq
Kuwait
Saddam Hussein
Banking reform urged by Brady and Seidman at Wall Street meeting
Treasury Secretary Nicholas Brady and FDIC Chairman L William Seidman outlined potential fixes for the U S financial system citing outdated regulation and higher insurance costs. Brady said the industry should fund any cash infusion while Seidman explored premiums a one time levy and preferred stock options. A separate note: The Plain Dealer plans a $210 million printing facility in suburban Brooklyn to expand production and distribution capacity starting early next year, linking to Cleveland operations via fiber optics.
MENTIONED IN THIS ARTICLE
Boca Raton
Fla
Bush Administration
Wall Street
Congress
Treasury
Nicholas Brady
Securities Industry Association
FDIC
Washington — Treasury
Nicholas F. Brady
Federal Deposit Insurance Corp
L. William Seidman
Cleveland
the Plain Dealer
Brooklyn
Alex Machaskee
The
Austin Co. of
AT&T bids $6 billion for NCR in takeover push
AT&T offered $90 in stock per NCR share to acquire the NCR Corp, the fifth largest computer maker. NCR chairman Exley criticized the public bid while AT&T insisted stockholders could decide. Talks reportedly stalled as NCR rejected a higher price earlier and stock traded near $56.75. AT&T said the offer remains open until close of business Wednesday.
MENTIONED IN THIS ARTICLE
New York
American Telephone & Telegraph Co
NCR Corp
NCR
Charles E. Exley Jr
At&t
Robert E. Allen
National Cash Register
At&t-Ncr
Exley
Regulators press Trump on Taj Mahal finances in Atlantic City
Atlantic City regulatory hearings focus on whether the Taj Mahal is financially stable after a restructuring plan and an impending prepackaged bankruptcy. The state Casino Control Commission will review a 47.3 million interest payment default and the casino’s status as it weighs license retention.
MENTIONED IN THIS ARTICLE
Atlantic City
N.J
Donald Trump
State Casino Control Commission
Trump
Trump Castle
Trump Plaza
Taj Mahal
Commission
Tom Flynn
State Division of Gaming Enforcement
Stephen Bollenbach
Trump Organization
Bolienbach
Also Mentioned on This Page
Wire Service
Wall St
Invacare
A.m
Girich Woolworth
Hills Dent
Mid-Am Inc
Matsushita Electric Industrial Co
MCA Inc
Bell System
Price
New York Stock Exchange
Elsinore
Atlantis
Casino Hotel
Flynn
Gaming Division
Wayne Marlin
Marlin
Attorney General's Office
Pfizer
Deere Fury
NYSE
Dave Addy
DowCh
Ve. AcinLe
Endesa
Exxon
Ameexa
FedExa
Amoco
Baxter
Bevrly
Bva
Boeings Bresah
HarBry
Bordens
Ya Heinzs Bs
BrMySq
TASS
Joy Aes CastiCy
IBM
LaGr
CocaCis Citicorp
Lintys
Comdre
McDons
Mead
ConAgs
Contel
Merlyn
Storfen
Oh Texaco
Five Year International
Cargo Warehouse Jewelers & Gallery
Toledo Street
Vermilion
Ohio
EBEL
Sean
GoldStar
DESI
ROYAL
Business Equipment
Cleveland St
Elyria
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