FACING a hefty financial loss in 2008 and the loss of its spot as the world's biggest airline by passenger traffic, American Airlines is initiating long-range plans aimed at shoring up financial stability and keeping a competitive edge. The soaring cost of jet fuel, up more than 80 per cent from last year, is expected to end a two-year string of annual profits for and for the US airline industry. Analyst Ray Neidl at Calyon Securities has forecast a wider loss for American than earlier projected, as the price of jet fuel continues its relentless rise. He expects AMR to lose $US7.75 per share...
photo: AP Photo/James A. Finley
Obama pushes deep into Republican turf
The Boston Globe
The Boston Globe
FARGO, North Dakota (Reuters) - Democratic presidential candidate Barack Obama pushed deep into Republican territory in North Dakota on Thursday, saying he saw the potential for a significant political realignment in...
Philadelphia union, papers settle pension lawsuit
The Boston Globe
The Boston Globe
PHILADELPHIA—The largest union of the jointly owned Philadelphia Inquirer and Philadelphia Daily News reached an accord Thursday with management to end a lawsuit over the merger of two pension plans. The Newspaper...
KARLA MASS: The week's most talked about book
The Charlotte Observer
The Charlotte Observer
July 4 - July 10 'JUST HOW STUPID ARE WE? FACING THE TRUTH ABOUT THE AMERICAN VOTER' BY RICK SHENKMAN "Americans cannot even name the leaders of their own government," writes Rick Shenkman, author of "Just How Stupid Are...
NY judge orders prison for former Refco CEO
Kansas City Star
Kansas City Star
The former head of Refco Inc., blamed for the collapse of one of the world's largest commodities brokerages, was sentenced to 16 years in prison Thursday by a judge who decried the "staggeringly arrogant" greed of white...
Howell, Love among first in PGA to have drug tests
Kansas City Star
Kansas City Star
In the 237 times Charles Howell III has teed it up on the PGA Tour, he never had a round end like Thursday at the AT&T National. After signing for an even-par 70, he was handed a pink slip. Howell was among the first...
Seattle faces challenges to bring NBA back
Kansas City Star
Kansas City Star
As the SuperSonics pack for the move to Oklahoma City, basketball fans and city officials were hopeful about the provisions of the team's departure deal that could lead to a new NBA franchise in Seattle. But meeting...
