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BUSINESS BRIEFS.(TO THE POINT)
TRANSPORTATION
Truckers up on Consolidated news
Arkansas Best surged 25%, Roadway 15% and Yellow 12% after the No. 3 U.S. trucker said on Labor Day it's closing shop and firing 15,500 workers. Consolidated Freightways decided to shut down after an insurance bond was canceled and it couldn't get other funding. The trucker had lost money for seven straight quarters.
UAL union wins battle, loses war?
The 55% worker-owned airline installed a permanent CEO and fired its COO and president, pleasing unions. But analysts say avoiding bankruptcy will prove tougher. Incoming CEO Glenn Tilton doesn't have much room around wage cuts, an issue that sparked months of labor disputes and led to the demise of his predecessor. Tilton, who was interim chairman at Dynegy, told employees that hard choices must be made right away.
GM sees poor economic recovery
CEO Jack Wagoner said the U.S. recovery has been less than expected. He didn't say what incentives GM will offer after its 0% financings deals expired at midnight Tuesday. Also, UBS Warburg downgraded Ford to a sell, saying the automaker may have to add to its pension fund. It also said Ford continues to suffer vs. rivals. GM fell 5%. Ford lost 7%.
- Air Force allowed Boeing to rewrite terms of tanker contract, documents show.
- Newspaper article from: Knight Ridder/Tribune News Service Galloway, Joseph L. March 27, 2004 700+ words
...Galloway WASHINGTON _ The Air Force gave the Boeing Co. five months to rewrite...competitors. Among the original Air Force requirements Boeing eliminated was that the...negotiation between the Air Force and Boeing; they weren't giving...
- Air Force Lifts Boeing Rocket Suspension.
- News wire article from: The America's Intelligence Wire March 14, 2005 700+ words
...agreement between the Air Force and Boeing has been signed," acting...publication Defense Daily. The Air Force action will allow Boeing to resume launches on...given work.. After Boeing was suspended, the Air Force reduced the number of...
- Pentagon Investigates Air Force Official's Role in Boeing Bid.
- Newspaper article from: Chicago Tribune (Chicago, Illinois) (via Knight-Ridder/Tribune Business News) September 4, 2003 700+ words
...to-own arrangement the Air Force and Boeing negotiated in order to replace...mails obtained from the Air Force and Boeing by McCain, a harsh critic...led by McCain, contend the Air Force and Boeing negotiated the lease agreement...
- Air Force Lifts Boeing Rocket Suspension.(interim agreement signed)
- Newspaper article from: Defense Daily Weinberger, Sharon March 7, 2005 700+ words
...agreement between the Air Force and Boeing has been signed," acting...is discovered." The Air Force action will allow Boeing to resume launches on...given work.. After Boeing was suspended, the Air Force reduced the number of...
- Air Force-Boeing Negotiator Criticized.
- News wire article from: The America's Intelligence Wire October 27, 2003 700+ words
...for a struggling Boeing, where she went...retiring from the Air Force last November...sales would reduce Air Force costs. Critics...sweetheart deal allowing Boeing, which had bought...information it gave the Air Force was proprietary...procurement rules. Boeing ...
- Pentagon says Air Force must address violations in Boeing deal.
- Newspaper article from: Chicago Tribune (Chicago, IL) March 31, 2004 700+ words
...that the contract the Air Force and Boeing agreed to would have...information held by the Air Force. Druyun began work at Boeing in January 2003, just...other military aircraft. Boeing approached the Air Force in February 2001 with...
- Pentagon says Air Force must address violations in Boeing deal.(Chicago Tribune)
- News wire article from: Knight Ridder/Tribune News Service Hedges, Stephen J. March 31, 2004 700+ words
...that the contract the Air Force and Boeing agreed to would have...information held by the Air Force. Druyun began work at Boeing in January 2003, just...other military aircraft. Boeing approached the Air Force in February 2001 with...
- Sen. McCain calls Air Force-Boeing ties `incestuous,' vows hearings.(Chicago...
- News wire article from: Knight Ridder/Tribune News Service Chandler, Susan December 8, 2003 700+ words
...relationship between the Air Force and Boeing Co. as "incestuous...Senate fight against the Air Force's contract for 100 Boeing refueling tankers...the secretary of the Air Force calling a lobbyist for Boeing and telling him to put...
- Sen. McCain calls Air Force-Boeing ties `incestuous,' vows hearings.
- Newspaper article from: Chicago Tribune (Chicago, IL) December 8, 2003 700+ words
...relationship between the Air Force and Boeing Co. as "incestuous...Senate fight against the Air Force's contract for 100 Boeing refueling tankers...the secretary of the Air Force calling a lobbyist for Boeing and telling him to put...
- Air Force Sticks with Boeing Co. for Tankers.
- News wire article from: News Tribune (Tacoma, WA) March 31, 2002 700+ words
...the Pentagon settled on Boeing. The Air Force team evaluating the proposals...Italians had selected the Boeing tanker. The Air Force found Airbus lacked...for maintenance. A top Boeing official said the Air Force decision was a significant...
