United loan guarantee rejected by federal panel
A federal panel refused United Airlines 1.8 billion guarantee as part of a 2 billion private loan package. The Air Transportation Stabilization Board said United's business plan lacks financial soundness and risk repayment. Without the guarantee, United warned of possible Chapter 11 bankruptcy.
MENTIONED IN THIS ARTICLE
Washington
United Airlines
Air Transportation Stabilization Board
United
US Airways
Congress
U.S
Treasury
Peter Fisher
Federal Reserve Board
Edward Gramlich
Kirk van
Cruise ship passengers cope with stomach bug outbreak
On a Caribean three day sailing aboard the Fascination passengers dance while others endure illness aboard ships like Holland America Line's Amsterdam. More than 1000 passengers have fallen sick with a Norwalk like virus but bookings remain steady as lines push hygiene measures and inform travel agents to reassure travelers.
MENTIONED IN THIS ARTICLE
Fascination
Cozumel
Mexico
Miami
Emily Strauss
Strauss
Holland America Line
Amsterdam
Eral
Tak
Stem
Stern
Carnival Cruises
Holland America
Carnival Corp
Ford climbs in UCS environment ranking for SUVs
The Union of Concerned Scientists places Ford Motor Co. fourth among six major automakers in environmental rating, up from fifth, while Honda, Toyota and Nissan top the list. Ford’s gains come as its SUV fuel economy aims for a 25 percent boost by 2005, though the report notes no progress on global warming and higher CO2 emissions than GM.
MENTIONED IN THIS ARTICLE
Washington
Ford Motor Co
Union of
Ford
Honda
Toyota
Nissan
DaimlerChrysler
Bill Ford
Jason Mark
United States
Costco to open Avon store at Avon Commons December 10
Costco prepares to open a 148000 square foot wholesale club at Avon Commons on Detroit Road near Route 83. The Avon store will compete with BJ’s Wholesale and Sam’s Club at I-90 exits, offering free memberships through January 19 and hiring about 200 workers.
MENTIONED IN THIS ARTICLE
Costco
Avon Commons
Brad Dicken
Chronicle-Telegram
AVON
Bj's Wholesale
Sam's Club
Interstate 90
Sam’s
Dave Feldkamp
Detroit Road
Cleveland
Feldkamp
Gene Krebs
Chronicle
Disney and HP warn, stock market slides on profits fears
Profit warnings from Disney and Hewlett Packard pressured Wall Street as the Dow fell about 89 points intraday and closed lower. Disney dropped after lowering its Q4 earnings on weak Treasure Planet sales, while HP forecast 2003 revenue growth of 2 to 4 percent, below prior hopes.
MENTIONED IN THIS ARTICLE
New York
Disney
Hewlett-Packard
Wall Street
Bill Barker
RBC Daii Rauscher
Standard & Poor
Entertainment
Dollar Mixed as Yen Slid and ISM Nonmanufacturing Rallied
The dollar was mixed as the yen weakened against most currencies. ISM nonmanufacturing index rose to 57.4 in November from October, signaling expansion beyond expectations. Productivity grew 5.1 percent and October factory orders rose 1.5 percent, boosting optimism for manufacturers. Federated shares fell after a soft sales report, while Tenet Healthcare climbed on lower earnings outlook.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/AP
Grant Wilson
Mellon Bank
Pittsburgh
Institute For Supply Management
Ing
Commerce Department
U.S
Federated Department Stores
Ratgilor Enid
Tenet Healthcare
Also Mentioned on This Page
Feds
Tine
Transportation Department
Rose Abello
Livi Giliicini
Bdicken
Chronicletelegram.com
Iraq
Charles G. Crane
Victory Sbsf Capital Management
Labor Department
Deal
LNB
One Avenue
Downtown
Prme
Great View
Pride of
Lon
Jay G. Tokar
Tokar Tower
Owesta
Ole
Solt
Middle Avenue
Elyria
Oho
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