United to buy Frontier Airlines for 146 million
United Air Lines to acquire Frontier Airlines from People Express for about 146 million dollars, as People Express sells its money losing Frontier to fund its Newark based operation. The deal requires Transportation Department review and U A L board approval. Frontier serves 50 U S cities and 4 in Canada while United grows its Denver fleet and routes.
MENTIONED IN THIS ARTICLE
Chicago
People Express Inc
Texas Air Corp
Frontier Airlines
United Airlines Inc
Frontier
Newark
N.J
Texas Air
People’s Board
People Express
United
People
Britt Airways
Provincetown-Boston Airlines
Denver
Free World
U.S
Pan American World Airways
Pacific
Canada
Donald Burr
Stapleton
United Airlines
GE announces contract for jet fighter engine
GE reports a 161 million Air Force contract to develop and test a version of the F110 engine for potential use on F-16 and F-15 jets. The program aims to boost thrust 10 to 20 percent under combat conditions, with four engines in three phases through early 1988.
MENTIONED IN THIS ARTICLE
Evendale
Ohio
General Electric Co
Air Force
Aircraft Engine Business Group
Cincinnati
General Electric
Arnold
Tullahoma
Tenn
Edwards Air Force Base
Auto pact lets U S autoworker buy Kia stake in deal
Ford Motor Co. Chairman Donald Peterson and Kia Motors Corp. chairman Sun Hong Kim sign an agreement at Ford World Headquarters Dearborn Michigan. The pact allows the No 2 U S autoworker to purchase 10 percent of Kia stock for 30 million dollars.
MENTIONED IN THIS ARTICLE
Ford Motor Co
Donald Peterson
Sun-Hong Kim
Kia Motors Corp
Ford
Dearborn
Mich
U.S
Fed Cuts Discount Rate To 6 Percent Amid Modest Hope
The Federal Reserve lowered the discount rate from 6.5 percent to 6 percent, the lowest in over eight years, signaling a modest shift to stimulate the sluggish economy. Analysts expect limited impact beyond potential easing of lending rates, with housing already benefiting from lower costs.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Fed
David Levy
Chappaqua
N.Y
Senate
Bob Dole
R-Kan
Labor Department
Paul Volcker
Japan
West Germany
U.S
Central Bank of
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Chicago Tribune
Stapleton International Airport
Continental Airlines
Continental
Morgan Stanley & Co
Washington, D.C
Dulles International Airport
New York
NYSE
SalerHigh
Panhec
Agncp
PayCsh
My At&t
BeliSoy
Revco
Boeia
Salomon
Sandr
Sears
Chase
Ble Chawan
CnStors
Texaco
Deere
Unocal
Disney
Upjohn Si
duPont
Varian
Pierre R Smith
Aled Corporation
Gente
Alite
AmerShip Building
Gillet
Glenfed
CPC Inter Inc
Greyh
Emerson
Excella
Herilc
Icinds
Fruehaul First Bancorp
Goediich Aly Inco
Dlh
IC Industries
A Invacare
Jrivers
Lear Siegler
Johnda
LCB Bancorp
Kmart
LNB Bancorp Ae TW
O Ine
KawBs
Midland-Ross
Ma Nordson
Ye Ulmith
Woolworth
York International
Kidron Livestock
Kidron
Ridron
Norlday
Halstein
Stearty
Brvo
Broadview
St.a.r
Broadview Savings
Rane Tary
Derkwich Wensss Bled Chew Biel
Adview Financial Corporation
Waren Fslic
S.T.A.R
Rockside Woods Blvd
Cleveland
A.R
Sotral Security Suumbar
Adres
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