Word: delta
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...criminal case against Phi Gamma Delta, the MIT fraternity chapter charged with manslaughter and hazing in the October 1997 death of first-year pledge Scott Krueger, effectively ended Monday because the fraternity disbanded and there is no one to answer the charges...
Those would include cable TV, where most of the wire has already been laid; Viacom and Media One Group just unveiled big buybacks. Airlines are in a good spot because even though traffic slows as the economy weakens, industry leaders like AMR and Delta can stop buying planes and weed out old gas guzzlers. Dividend-paying electric utilities tend to have appeal in a weak economy anyway, but with deregulation, some (Consolidated Edison, New England Electric) have shed capital-intensive parts of the business--generating power--to focus on transmission. In trying times, companies able to conserve cash should hold...
This fall the airlines are adding a new layer of complexity. As part of three major alliances--Northwest with Continental (still pending), Delta with United and American with US Airways--members will be able to earn miles on either carrier and, to a certain extent, pool them. But while that might grant flyers more options, it could also limit competition and further increase already sky-high demand for free seats. Frequent-flyer programs are shrouded in secrecy, but according to Randy Petersen, editor of the trade magazine InsideFlyer, most airlines make only about 7% of seats on a major route...
...longer formally recognizes the fraternity, which lost its housing license last November. The future of the Phi Gamma Delta property at 28, the Fenway--valued at $600,500 in the most recent tax assessment-remains undetermined...
There's no word whether Mandela will receive a contingent of U.S. Army Delta Force commandos, ready and waiting to spring into action, as several other dignitaries have...