Word: carriere
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...SINCE THE DAYS OF THE RED BARON HAVE THE transatlantic skies seen such a dogfight. The global consolidation of the airline industry is moving into a cross-border phase, led by the desire of American carriers to secure overseas markets and foreign airlines to buy stakes in some of the weaker U.S. operators. These initiatives have triggered a war of words between European and American transportation officials. In reaction to British Airways' bid to acquire a 44% equity stake in financially troubled USAir, a trio of American airlines has closed ranks to oppose the deal, unless they are granted greater...
Hill had an exceptional first half against Columbia, running 11 times for 84 yards--more than double his career total. Logic would predict that Hill would be the primary ball carrier in the second half...
...paraded triumphantly around his Manhattan office. The parade didn't last long. Plagued by labor strife, mounting losses and bruising competition, TWA became more of a financial straitjacket for the erstwhile wizard than the trophy he had envisioned. In recent years, as he struggled to keep the now bankrupt carrier aloft, Icahn groped for a graceful way to bail out. Despite near frantic efforts, he was unable to find a willing buyer or merger partner, until...
...company's union-led employees in return for major concessions that are designed to keep the airline flying. Under the tentative agreement, TWA's 28,000 flight attendants, baggage handlers, mechanics and pilots would swap a 15% pay cut for a 45% equity stake in the carrier. The airline's creditors would acquire the remaining 55% in exchange for forgiving more than $1 billion in debts. Icahn currently owns 90% of TWA's stock, but he would gladly dispose of his holdings if it means freedom from the financially troubled carrier. Says Robert Joedicke, an investment analyst at Shearson Lehman...
Though at week's end the talks were ongoing, all the parties are in agreement that Icahn's departure is the desired outcome. Once the nation's No. 3 carrier, TWA now ranks a distant seventh. The reluctant chairman wants out of a bad investment, which he claims has cost him personally at least $100 million. The airline has lost more than $511 million since 1990, including $104 million in this year's first quarter. TWA's workers, angered by Icahn's relentless quest to cut costs, blame him for driving the carrier into the ground. But before Icahn...