Word: delta
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...invention, played her role in the creation of DeepStream Technologies. Chief executive Mark Crosier and his core team found it necessary to get work in 2003 after losing their jobs. They became surplus to needs when Eaton Corp., an electrical company based in Cleveland, Ohio, bought the part of Delta Corp. where they worked. "Our whole team was severed in a redundancy, and we decided to design and build a business rather than all pursue our separate ways," recalls Crosier...
DIED. Robert Lockwood, 91, giant of Mississippi blues who, after learning guitar at age 11 from blues pioneer Robert Johnson, fused raw Delta chords, electric blues and urban funk; in Cleveland, Ohio. Teaming up in the 1940s with harmonica ace Sonny Boy Williamson, he made Arkansas radio's King Biscuit Time the most influential broadcast...
...Although Delta is poised to fight the deal--and its hometown, Atlanta, is desperate to keep the company--a number of analysts are saying, Don't bother. Aviation consultant Patrick Murphy, who used to track airline competition in the Department of Transportation, says, "A US Airways--Delta merger is the start of a needed consolidation," and notes, "The low-cost carriers are now big enough to offer real alternatives to large network airlines. It will be good for consumers in the long run, making fewer, healthier carriers." Industry experts believe United or American will jump into the bidding for Delta...
...this time Parker may have misjudged his target. Delta CEO Gerald Grinstein, 74, is angry that US Airways charged ahead with an unsolicited offer. To do the deal, US Airways has to get a full look at Delta's books; so far Delta execs have shown little interest in sharing. Another trouble spot may be pilots, who have waged and mostly lost battles with the airlines over salary and benefit concessions. US Airways should expect no favors. "Management must first focus on fulfilling the promises made to their investors, customers and employees for the America West--US Airways merger," says...
There are other potential negatives. Fares would probably go up on routes where the two airlines now compete. Both need to pull up their socks when it comes to customer service, once a Delta strength and always a US Airways weakness. And integrating the US Airways fleet, which favors European-made Airbus planes, with Delta's all-Boeing operation might be difficult. Also, the combined US Airways--Delta would account for 18% of the market, which competition watchdogs think is too high. But the government, which must approve the merger, gets a vote and presumably could order the merged carrier...