U S and Europe sign pact to curb airliner subsidies
The United States and the European Community reached a bilateral accord limiting government subsidies to Airbus and other civil aircraft. The agreement caps direct development subsidies at 33 percent and indirect subsidies at 3 to 4 percent, with repayments due with interest. It covers civil aircraft over 100 seats and includes stronger disclosure requirements while leaving room for broader multilateral talks.
MENTIONED IN THIS ARTICLE
Washington
United States
America
Brussels
Belgium
U.S
Boeing Co
McDonnell Douglas Co
Paris
Advantage
Airbus
Deutsche Airbus
British Aerospace PLC
Aerospatiale Sni
France
Construcciones Aeronauticas SA
Spain
Moskow
Boeing
McDonnell Douglas
Indus
IBM profits soar but fail to meet Wall Street hopes
IBM reported second quarter profit of 714 million dollars or 1.23 a share, up fivefold from a year earlier yet below some analysts' expectations causing a drop in IBM stock. For the six months, revenue rose 6.7 percent to 30.3 billion while net results reflected prior charges and evolving margins.
MENTIONED IN THIS ARTICLE
IBM
Wall Street
Tional Business Machines Corp
Gek
John F Akers
Armonk
N.Y
Airlines poised to hike fares across the board
American Airlines retreated from a 35 percent fare rise in 830 markets but all carriers planned a 4.4 percent increase overall. Domestic fares were set to rise about 10 to 20 dollars, with a United Chicago to Los Angeles one way fare moving from 290 to 300. Airlines cited a 12 percent jump in jet fuel since March as the driver, noting fuel is the second-largest expense after wages.
MENTIONED IN THIS ARTICLE
New York
American Airlines
American
United Airlines
Chicago
Los Angeles
Delta Air Lines
Northwest
America West
Trans World Airlines
Continental
Tim Smith
Absentee Registration Open At Lorain County Elections
Lorain County Board of Elections offices are open 8 30 am to 4 30 pm Monday through Friday and Saturday August 1 from 8 30 am to noon for absentee registration. Absentee deadline is August 1 with all applications due by then. Voters may apply in person at Elyria 115 Cedar St or Lorain 2158 Broadway or mail a written request including name voting residence reason for absence and ballot mailing address plus a signature.
MENTIONED IN THIS ARTICLE
Elyria
Lorain County
Lot
Board of Elections
Cedar St
Lorain
Broadway
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