Fitch Ratings sees improvement in airlines financial health, but cash reserves running lowSeptember 23rd, 2009 Fitch Ratings says things looking up for airlinesDALLAS — The slump in revenue at U.S. airlines is slowing and the carriers' financial health should improve modestly over the next year, according to a major credit-rating agency.
House passes bill to let struggling Postal Service use retirement fund to cover shortfallSeptember 15th, 2009 House votes to prevent Postal Service shortfallWASHINGTON — The House voted Tuesday to let the struggling U.S. Postal Service cover a budget shortfall by reducing its annual payment to a health care fund for retirees by $4 billion.
Pimco hires Marc Seidner as executive vice president and portfolio managerAugust 14th, 2009 Pimco hires new portfolio managerNEWPORT BEACH, Calif. — Pacific Investment Management Co.
Northwest Airlines union for ground workers begins seeking election at DeltaAugust 13th, 2009 Northwest Airlines union to seek election at DeltaMINNEAPOLIS — One of the biggest unions at Northwest Airlines is seeking an election that will decide whether it stays or goes as the carrier is swallowed by Delta Air Lines Inc. The International Association of Machinists and Aerospace Workers said Thursday that it wants the National Mediation Board to declare that Delta and Northwest are now functioning as one airline as it relates to baggage handlers, flight simulator technicians, and plant protection workers.
General Motors names top design executive as new head of CadillacJuly 23rd, 2009 GM names design executive to head CadillacDETROIT — General Motors Co. on Thursday named one of its top design executives as the new head of its Cadillac brand.
Trumka launches bid to become AFL-CIO's first new president in 14 yearsJuly 9th, 2009 Trumka launches bid to lead huge labor federationWASHINGTON — The nation's largest labor federation is about to elect its first new leader in 14 years after the labor movement split because of tensions about the longtime leadership. Richard Trumka, currently the secretary-treasurer of the AFL-CIO, on Thursday formally launched his bid to become the organization's next president with a boisterous rally at the University of the District of Columbia.
Annual food drive by letter carriers collects record 73.4 million pounds of foodJune 1st, 2009 Letter carriers food drive sets recordWASHINGTON — The annual Stamp Out Hunger food drive collected a record 73.4 million pounds of food this year despite the weak economy. The National Association of Letter Carriers conducted the annual drive May 9, picking up donated items as they walked their mail routes.
Text of Louis Caldera's resignation letter to President Barack ObamaMay 9th, 2009 Text of Caldera's resignation letter to ObamaText of a letter to President Barack Obama from Louis Caldera, who is resigning as director of the White House Military Office:
Dear Mr. President:
I have concluded that the controversy surrounding the Presidential Airlift Group's aerial photo shoot over New York City has made it impossible for me to effectively lead the White House Military Office.
Annual letter carriers food drive for the needy set SaturdayMay 5th, 2009 Food drive aims to Stamp Out HungerWASHINGTON — The annual Stamp Out Hunger food drive by the nation's postal carriers will be held Saturday. Thousands of letter carriers across the country will collect food for delivery to local food banks and pantries for distribution to those who need the help.
Job loss scare driving Indian pilots to Gulf carriersApril 23rd, 2009 NEW DELHI - Salary cuts and job uncertainty are driving pilots in Indian carriers to greener pastures abroad, with as many as 25 pilots believed to be heading for the Gulf. Pilots from Jet Airways and Kingfisher Airlines are expected to join leading Gulf carrier Qatar Airways.
Sri Lanka emerges alternative hub for aircraft maintenanceFebruary 17th, 2009 COLOMBO/NEW DELHI - A Sri Lankan aircraft maintenance firm has bagged the contract to conduct sophisticated checks on aircraft of Indian budget carrier IndiGo in what experts believe could trigger similar moves by other carriers in the subcontinent. IndiGo said Wednesday it has awarded an aircraft maintenance contract for 'C' checks to SriLankan Engineering, the aircraft maintenance arm of the country's national carrier SriLankan Airlines.
JNU students step up protests against fee hike, power metresFebruary 16th, 2009 NEW DELHI - Students of the Jawaharlal Nehru University (JNU) Tuesday called for a strike in March against the university administration's proposed fee hike and what they alleged commercialisation of the campus. 'The protest is against the university authority's decision to install electricity metres in individual rooms, against the proposed fee hike, and problems regarding the implementation of reservation policies in admissions,' Sandeep Singh, president of JNU Students Union (JNUSU), told IANS.
Star Alliance Common IT Platform attracts more inventory migrationsJanuary 7th, 2009 NEW DELHI - The Star Alliance Common IT Platform (CITP) has taken a significant step forward with the successful migration of additional member carriers to the new inventory platform, it was announced Thursday. Austrian, Adria Airways and Croatia Airlines have all switched their inventory, pricing, flight schedules, seat planning and passenger re-accommodation applications to the new inventory management module of the Amadeus Altéa solution, which forms part of the CITP, an Amadeus statement said.
Foreign carriers may soon buy stake in Indian airlinesJanuary 6th, 2009 NEW DELHI - Foreign airlines may soon be allowed to buy equity stake in domestic carriers, a senior government official said here Wednesday. 'We are in talks with the industry stakeholders.
'Pseudo letter scam' hits Punjab governor houseDecember 26th, 2008 CHANDIGARH - A letter under a fake name, on the basis of which Chandigarh's senior most bureaucrat and other top officials were questioned this month, has now involved the Punjab Raj Bhawan with the name of the governor's aide-de-camp (ADC) figuring in it too. Sources at the governor house confirmed that the ADC, Major Nirvikar Singh of the army, proceeded on leave Saturday following the latest controversy.