Airlines
CNN Interactive, a leader in providing wide-ranging text, audio, and video content to millions of web users, has formed a strategic technology partnership with Inktomi to enhance its infrastructure and accelerate content delivery. CNN aims to meet the rapidly growing demand for high-speed broadband access and is in the process
Airlines
Priceline, the e-commerce company that pioneered the online travel agency model, achieved a market value of $9.8 billion after its shares jumped from $16 to $69 in its first day of trading on the Nasdaq market. This represents a more than fourfold increase, making it the highest first-day value
Airlines
Delta Air Lines has sold 119 of its Boeing 727s to Pratt & Whitney, the engine manufacturer, as part of a deal worth millions of dollars. The sale comes as Delta begins taking delivery of the Boeing 777, the largest plane in its fleet, and marks a significant shift in
Airlines
Delta Air Lines is poised to acquire its regional affiliate Atlantic Southeast Airlines, securing 91% of ASA Holdings Inc. shares with a tender offer. The airline will become a wholly owned subsidiary of Delta, solidifying its control over operations and routes. In other deals, Transit Group acquired KAT Inc., a
Airlines
In a week marked by significant moves from the corporate world, several major players made headlines with their announcements and strategies. Monsanto Co.'s CEO Robert B. Shapiro took home a hefty $18.04 million in exercised stock options. Meanwhile, DuPont Co. formed a formidable competitor for Monsanto by
Airlines
Ford Motor Company agreed to pay $425,000 in fines to the federal government for its slow recall and repair of 8.6 million vehicles in 1996. The National Highway Traffic Safety Administration criticized Ford for failing to provide accurate information about four fire investigations in vehicles and light trucks
Airlines
Cathay Pacific Airways, a Hong Kong-based airline, has announced its 1998 annual results, revealing a significant decline in profits due to the severe contraction of Asian economies. The airline attributed the loss to a 12.9% decrease in turnover, reduced passenger loads, and a decline in yields. This marks the
Airlines
Southern Co. has dropped its efforts to acquire El Paso Energy due to disagreements over the leadership of the combined company. According to sources familiar with the deal, El Paso Chairman William Wise demanded to become the next chief executive, a condition that Southern Chairman A.W. "Bill"
Airlines
United Airlines is participating in the global "Take Your Community To Work Day," a program aimed at exposing young people to positive role models and career choices. Over 100 students from the Chicagoland area will spend a day working alongside United Airlines employees, gaining hands-on experience in various
Airlines
Delta Air Lines (DAL) shares rose over 5 percent on Wednesday as industry and company news fueled optimism, including a forecast of closer ties between Delta and Air France. The airline's stock price increased by $3.06 1/4 to $61 on more than double average daily volume.
Airlines
Several stocks soared on Monday as merger speculation drove interest in the telecommunications, energy, and financial sectors. BellSouth, the nation's fourth-largest local phone company, rose as high as $49 after reports emerged of potential talks with Sprint, the third-largest long-distance carrier. Meanwhile, AGL Resources, parent of Atlanta Gas
Airlines
Following a contract dispute between the Allied Pilots Association and American Airlines, the air carrier has seen a significant decline in pilots calling in sick, allowing it to potentially resume its normal flight schedule by tomorrow. American Airlines estimates only about 240 flight cancellations will occur today, down from 2,
