An article from 2002 detailing the bankruptcy filing of United Airlines resurfaced online Monday, sending the company’s stock plummeting as some traders thought the report was current news.UAL, parent of United Airlines, saw its shares fall 76 percent to $3 because of an article by the Florida Sun-Sentinel reporting the bankruptcy filing which was picked up by Bloomberg financial news service.
TD Banknorth’s $1.9 Billion Deal With Hudson United Bancorp
TD Banknorth and Hudson United Bancorp have announced that TD Banknorth will acquire Hudson United for approximately $1.9 billion in cash and TD Banknorth stock.
TD Banknorth To Unite With Hudson United
TD Banknorth will be acquiring Hudson United Bancorp. for about $1.9 billion in cash and TD Banknorth stock, the two companies announced today.
Verizon Internet Access Flies With United
A partnership between United Airlines and Verizon Communications will add wireless Internet access to United’s fleet.
United Airlines May Avert Union Action
Last minute negotiations with the Aircraft Mechanics Fraternal Association yielded a ratified agreement.
Taser Zaps The United Kingdom
A $390,000 USD sale to law enforcement there comes in the wake of weakened revenue projections and safety concerns about stun-gun technology.
Can United and Its Labor Unions Negotiate to Prevent a Strike?
United Airlines has been planning to cut $9.9 billion in pension accounts which has angered its labor unions. If the cuts go through, the unions said that they will strike.
Glazer Aims To Put United in The Goal
Malcolm Glazer, owner of the Tampa Bay Buccaneers began his bid for ownership of the Manchester United football (soccer) team. The $1.48 billion deal will give him complete ownership of the team.
United May Soon Have A Strike On Its Hands
United Airlines is planning to cut $9.9 billion in pension accounts, and the labor unions are outraged and have threatened to strike later in the month if United does so.
United States Steel Praises ITC Decision
United States Steel praised the decision of the U.S. International Trade Commission (ITC) to keep in place unfair trade orders applicable to hot- rolled steel from Brazil, Japan and Russia.