United, Northwest add to industry’s woes
The airline industry ran into more turbulence Friday, as the shaky economy and the war with Iraq continued to pummel the beleaguered sector. United Airlines said it is eliminating 104...
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United asks court to dissolve union contracts
The corporate parent of United Airlines on Monday sought to set aside union contracts covering 57,000 of its workers, clearing the way for pay cuts and sweeping changes in the...
Oil price surge beginning to hurt
War, weather and political uncertainty are propelling oil prices higher, raising fears that the economic recession will linger as energy costs suck money from consumers and profits from businesses. On...
N.Y. sues Divine unit
Thousands of libraries across the country may be out $50 million after a subsidiary of Chicago-based Divine Inc. accepted their money last year to buy periodicals but failed to pay...
Dealing with dollar’s fall
After years of unusual strength, the dollar has declined in value compared with other hard currencies--a victim of lower interest rates, a soft stock market and a glut of American...
Eurex sees future business in U.S.
The world's largest derivatives exchange said it will leap the Atlantic to compete directly with the Chicago Board of Trade and the Chicago Mercantile Exchange beginning next year. Eurex, which...
Unrest runs up costs of heating, gas
Chaos in Venezuela and strife in the Middle East are running up home heating bills and the cost of filling up at the pump for consumers nationwide. And there's no...
Foreclosures hit record high
The weak economy has pushed home loan foreclosures nationwide to a record level, but there are signs the worst is over for people struggling with mortgage payments. The Mortgage Bankers...
United workers to get $70 million in back pay
United Airlines will pay nearly $70 million in retroactive wages on Dec. 15 to 37,000 employees who are members of the International Association of Machinists and Aerospace Workers union. The...
Day 1 gets good mark in public relations
How well its executives handle a bad situation will play a key role in deciding whether United Airlines exits bankruptcy as a going concern or joins Eastern and Pan Am...