FedEx pilots send out strike authorization ballots
In Memphis, FedEx pilots halted overtime as their union issues strike authorization ballots to press talks on a new contract. Officials warn disruption risk rises if negotiations stall, with no talks since October 30. The union seeks increased pay and schedules, while FedEx plans contingency routes to safeguard holiday shipments.
MENTIONED IN THIS ARTICLE
Memphis, Tenn
Eral Express Corp
Greg Rossiter
Byron Cobb
FedEx
Paul Schlesinger
Donaldson Lufkin & Jenrette
New York
United Parcel Service
Teamsters
UPS
Air Line Pilots Association
FPA
Judge Approves Record $1.03 Billion Investor Settlement
A federal judge in New York approved a record 1.03 billion dollar class action settlement by investors against 37 brokerages over Nasdaq stock price rigging. The ruling cites complexity and expense of trial. distribution plan to be set next year. Claims must be filed to receive payouts, with internet filing possible.
MENTIONED IN THIS ARTICLE
New York
U.S
Robert W. Sweet
David J. Bershad
Dow Logs First Downtick in Nine Sessions
The Dow Jones fell for the first time in nine sessions, closing down 77.50 at 8,897.96 after dipping as much as 130 points. Investors locked in gains from the recent rebound in financials while technology near-term momentum persisted, keeping overall market strength visible despite the setback.
MENTIONED IN THIS ARTICLE
New York
Dow Corning breast implant settlement could pay thousands
A $3.2 billion settlement proposal aims to pay thousands of women who claim illness from silicone gel breast implants. Payouts range from 12 000 to 300 000 with claims possibly starting by next summer and a 15 year window for late claims. Dow Corning faced Chapter 11 in 1995 amid thousands of lawsuits.
MENTIONED IN THIS ARTICLE
Bay City
Mich
Dow Corning Corp
U.S
Dow Corning
Sybil Goldrich
Dow Corn
Kenneth Eckstein
Don Corning
Eckstein
LTV Steel to close cold roll finish line in Cleveland
LTV Steel will eliminate 320 jobs at its Cleveland plant by shutting the 40 year old cold roll finishing operation. About 256 workers will be eligible for retirement. Flooding imports pushed prices below profitable levels, triggering a $25 million fourth quarter charge. The layoffs occur in Q1 next year.
MENTIONED IN THIS ARTICLE
Cleveland
LTV Steel
LTV
J P Morgan to Cut 740 Jobs Amid Cost-Saving Push
J P Morgan Co plans to reduce its staff by about 740 positions by year end, a nearly 5 percent cut. The Wall Street Journal cited unnamed sources. the bank had earlier said it would pursue selective job reductions to save 300 million to 500 million dollars next year. The firm employed roughly 16,150 as of Sept 30 after a 5 percent cut in the first half.
MENTIONED IN THIS ARTICLE
NEW York
J.P. Morgan & Co. Inc
The
Wall Street Journal
J.P. Morgan
Joseph Evangelisti
Early NYSE Stocks Guide Sparks Wide Active List
New York AP reports early paces for the New York Stock Exchange show a broad range of active stocks with varied volumes and prices. Notable names include Amgen, Apple, IBM, and Exxon among others, with many posting gains and some declines as trading opens.
MENTIONED IN THIS ARTICLE
New York
Fara Tel
Bps
Acie
AramniGs
ROBE
SG Bae Ms
Amecos
Mpmyn
Ceeusa Mobi
Beasco
Denys
Ortalsa
Pacita
Argioo
Also Mentioned on This Page
Rossiter
FedEx Pilots Association Union
United States
William G. Christie
Paul H. Schultz
the Journal of Finance
Sweet
Dow Jones
Dow
Joe Camel
R.J. Reynolds
Joe
8Th Avenue
42Nd Street
J.P. Morgan Bank
Freer
TelBiast Ae Ara
Chad PharUp
He Phulktor
eBle Arts
Tesco Ou
Provo
wakrGat Ata
Uskuss
Sveevays
Walnet
Sehimb
Schwab Orl
Smiths
Slonel
Ivestment Secu
Walnut Street Secuntes, Inc
NASD
SIPC
Hills Dept. Invacare Cor
Keycomar Lear
Bancorp
Lesco Inc
Allied Corporation
Limited
Alltel
American Greetings
S Nardson Corp
Bob Evans Farms
Northen Savings Cedar Farr
OfficeMax Inc
E At
P.N.C. Com
Chrysler
Parker Hannifin
Columbia Gas Royal Appliance
CVS Corp
MAY Rpm Inc
Emerson Electrc
Sherwin Willams
Englehard
Sky Find.Grp
FirstEnergy
Smackers
SJMA
FirstMerit Bancorp
Steris
Ford Motor
General Motors
Sunrise Medical Geon
TRW
USX
BF Goodrich York Infermational
Arehiye
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