By JASON M. BRESLOW — MEDILL NEWS SERVICE
Southwest Airlines Co. [[LUV]] will be eliminating 22 departures to 20 cities from Chicago’s Midway International Airport beginning in January.
The cuts are part of a plan announced Tuesday by the airline to cut approximately 5 percent, or 196 flights, from its daily schedule of 3,400 [...]
BY JASON M. BRESLOW – MEDILL NEWS SERVICE
An interesting observation today from Laura Mueller over at Flightglobal.com: UAL Corp.’s United Airlines [[UAUA]] is likely to cancel an outstanding order for 42 Airbus aircraft, a decision that would cost the struggling carrier as much as $91 million in [...]
BY JASON M. BRESLOW – MEDILL NEWS SERVICE
The squeeze goes on at the nation’s airlines. US Airways Group, Inc. [[LCC]] on Friday became the first major carrier to charge passengers for nonalcoholic beverages. From now on drinks such as coffee and soda will require a $1 or $2 fee on [...]
By JASON M. BRESLOW – MEDILL NEWS SERVICE
Despite its new “Happy Jetting” campaign, there has been little worth celebrating at JetBlue Airways Corp. [[JBLU]] recently.
In the last week alone, JetBlue announced a $7 million loss in the second quarter and saw its debt downgraded by Moody’s Investment Services. Amid such [...]
No red ink for luxury pens in weak economy
by Ben Miraski
July 17, 2008
Porsche, Mercedes, BMW: These are the names commonly associated with status in America. However, with the slowing economy, the names might be changing. Replacing the flashy cars could be names such as Conklin, Krone, or Waterman, all makers of [...]
By MARJORIE KORN – MEDILL NEWS SERVICE
Wall Street groans when Congress gets involved in its day-to-day activities, but Main Street is applauding S. 3268, the Stop Excessive Energy Speculation Act of 2008, introduced by Sen. Harry Reid of Nevada.
The bill seeks to reduce the amount [...]
Credit market turmoil could boost CME’s move into OTC derivatives
by John Detrixhe
Apr 23, 2008
The CME Group Inc.’s latest foray into the $62 trillion off-exchange credit-default swaps market comes just as some critics [...]
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