Senate leaders back $2.8 billion airline aid plan
Senate Republicans push a 2.8 billion package to aid US airlines amid terror and war concerns. It funds war-risk insurance, rebates security costs, and offers a six month pause on a passenger security tax. ATA sought more relief but scaled back requests citing industry strains.
MENTIONED IN THIS ARTICLE
Washington
Senate
Republicans
Air Transport Association
Congress
ATA
James May
Federal judge clears US Airways pension plan in bankruptcy exit
A federal judge approved US Airways final plan to reduce pilots' pension benefits as the airline nears emergence from bankruptcy. The carrier plans a Monday exit with a $900 million federal loan and a $240 million RSA investment, plus a role on the board for RSA. The PBGC will assume the current plan and a new supplemental plan is to be created.
MENTIONED IN THIS ARTICLE
Almsxandria
US Airways
Stephen Mitchell
Chris Chiames
Chiames
Alabama
RSA
Federal Pension Benefit Guarantee Corp
Pipeline Firm Seeks Chapter 11 After Firestorm Losses
Jympic Pipe Line Co files for Chapter 11 in Seattle citing costs from the 1999 gasoline leak into a creek that sparked a firestorm, killed an 18-year-old and two 10-year-olds, and drew intensified scrutiny and penalties. The Renton firm, 62.5 percent BP and 37.5 percent Shell owned, says operations will continue with no layoffs and safety upgrades on schedule. Settlements, including 75 million to the families of the youths, are insurer handled and do not affect the filing.
MENTIONED IN THIS ARTICLE
Seattle
Jympic Pipe Line Co
Bellingham
the Renton Company
Shell
Neither Oil Company
Portland
Ore
Bobby J.talley
Olympic
Christmas 365 Days Shine in New Gift Shop Owner
Becky Oley, 48, Amherst, took over Herron’s Christmas World and Gift Shop on Jan 1 after the previous owners retired. The former manager and loan officer offers seasonal items including Fenton Glass, Easter unpacking underway, with seven staff and a customer-friendly approach.
MENTIONED IN THIS ARTICLE
Amherst
Becky Oley
Herron’s
Oley
Herron
Cheryl Milks
Lorain
Oleg Firss
Northern Savings and Loan and Freedom Mortgage
Fenton Glass
Parkersburg
W.va
Oleg
CHRON
Cooper Foster Park Road
Consumer worries curb February spending across economy
U.S. consumer spending stalled for a second straight month in February as war fears high energy costs and job worries trimmed big-ticket purchases. Personal income rose 0.3 percent while unemployment rose to 5.8 percent and the Dow fell on war uncertainty.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Mark Zandi
Economy.com
Iraq
Stocks fall for third straight day amid Iraq war worries
Wall Street extended a three day decline as investors priced in the lengthy Iraq conflict. The Dow slipped to 8 145.77 with a weekly loss, while the Nasdaq fell to 1369.61 and the S P 500 touched 963.50 as consumer spending stalled in February and sentiment eased in March.
MENTIONED IN THIS ARTICLE
University of Michigan
Wall Street
Federal Reserve
Fed
Bush
Senate
House
New York
Iraq
New York Stock Exchange
Susan L. Malley
Malley Associates Capital Management
Perent
Standard & Poor
Commerce Department
Dollar slides as war fears flare and risk appetite shrinks
The dollar weakened against most major rivals amid worries of a protracted Iraq conflict and traders curbing exposure before the weekend. HSBC’s Marc Chandler says the war could last months as the euro nears $1.08 and the dollar trades around 119.70 yen.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/AP
Iraq
Marc Chandler
HSBC
Also Mentioned on This Page
World Trade Center
Pentagon
United
Hawaiian
May
Trent Lott
Senate Commerce Aviation
Senate Appropriations Committee
Ted Stevens
Alaska
Dennis Hastert
PHL
Daniels
Pipeline Company
Jeff Mohrman
Ynohrman
Gene Ki
Ifel S
Dow Jones
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