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Safeway falls 11% on lower view
The No. 3 U.S. grocer hit a six-year low after saying it expects to earn 78-80 cents a share in Q4 vs. analysts' views for 82 cents. Safeway sees '03 profit of $2.50-$2.65, below forecasts for $2.92. Customers are buying groceries at Wal-Mart due to the soft economy, it said. Last week, rival Albertsons warned.
UBS Warburg sees bankrupt UAL
Though United Air has made some headway with its labor unions and potential outside help, parent UAL is still likely to file for bankruptcy, said UBS' Sam Buttrick. Due to the ongoing weak revenue climate for airlines he thinks the industry …