Airfares drop for ninth straight month against year-ago levels
New data from the Air Transportation Association shows domestic airfares fell 16 percent for 1000 miles in November to 123.68 dollars. Coach fares averaged 111.89, business class 215.43, as industry officials cite ongoing losses yet note a slight pickup in demand and modest price stability through fall.
MENTIONED IN THIS ARTICLE
New York
United States
Air Transportation Association
U.S
Coun
American
United
Ray Neidl
ABN Amro
Shopping forecasters clash over year end holiday share
The last six shopping days before Christmas show diverging views from industry experts. Beemer expects a drop to about 25 percent from 30.9 last year, while Kavanagh and retailers forecast gains driven by a weekend finish and strong promotions. Online sales remain buoyant with a 32 percent year over year rise through Dec 19, helped by free shipping and discounts, though brick and mortar stores struggle to compete.
MENTIONED IN THIS ARTICLE
C. Britt Beemer
America
Charleston
S.C
International Council of Shopping Centers
Beemer
Malachy Kavanagh
Michael Glazer
K-B Toys
Glazer
Kmart
Jack Ferry
Juliane Hearst
Bizrate.com
Hearst
Mirant project deferred. NC permits advance slow
Mirant says new U S construction beyond 5700 megawatts is deferred or canceled. The Gastonia NC project proceeds with an air quality permit and a January certificate of need filing, including a 3.7 mile raw water pipeline from Mountain Island Lake to Rankin Lake and then Delta Business Park. Peak use could reach 10 million gallons daily, with rates to be determined for Gastonia as the water buyer.
MENTIONED IN THIS ARTICLE
U.S
Mirant
Payne
North Carolina Department of Energy and Natural Resources
North Carolina Utilities Commission
Mountain Island Lake
Rankin Lake
Delta Business Park
Ed Munn
Gastonia
Flip Bombardier
Donny Hicks
Gaston County Economic Development Commission
Time magazine weighs Person of the Year choice
Time editors face a dilemma over selecting a Person of the Year with Osama bin Laden as a leading candidate. Debra Richman says the decision will reflect September 11 events, amid other nominations like President Bush and Rudolph Giuliani.
MENTIONED IN THIS ARTICLE
Time Magazine
New York
Osama bin Laden
bin Laden
Henry Luce
Time
Debra Richman
President Bush
Rudolph Giuliani
Hitler
Stalin
Poland
Economy Eyes Recovery Amid Inventory Decline And Confidence
Economists, including Wells Fargo’s Sung Won Sohn, predict a rebound in early 2002 as inventory liquidation ends and Fed rate cuts amplify growth. The Dow rose, while consumer spending showed mixed signals with November incomes down 0.1 percent and unemployment at 5.7 percent, yet consumer sentiment improved to 88.8 in December.
MENTIONED IN THIS ARTICLE
Sung Won Sohn
Wells Fargo
Federal Reserve
Merrill Lynch
Stan Shipley
Wall Street
University of Michigan
Richard Curtin
University
Commerce Department
Mark Zandi
Economy.com
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Try
Southwest Airlines
Salomon Smith Barney Ana
Brian Harris
John Heimlich
Heimlich
John Morris
Gerard Klauer Mattison
Bloomingdale
Spring
Hicks
Associated Press
Thomas J. Monigan
Gaston
Wilkinson Blvd
Belmont
Sky Marshalls
Washington, DC
Antonio Fernandez
AMP
USA
Switzerland
Action Security Services, Inc
America’s Export Experts, Inc
Sue Myrick
John Edwards
USA Pilots Association
U.S. Air Charlotte
American Airlines
MLS
Teer
Crestwood
Fern Forest
Harrison Realty
Gaston County
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