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...shares as well as the shares if its dependent suppliers. But we increasingly view such a rally as potentially tenuous," said J.P. Morgan's Himanshu Pate in a recent note to investors still hanging on to shares trading at historic lows. That no longer includes Kirk Kerkorian. The Los Angeles mogul, who has made a fortune buying and selling auto stocks over the past two decades, dumped his big block of Ford shares at a substantial loss, saying there was more opportunity in gambling...
Cheap Fares to Oz. In 1954 Qantas began flying propeller planes from Australia to the U.S. (a three-day journey). Today the airline has added the decidedly faster 450-passenger Airbus A380 to its fleet. To celebrate, Qantas is putting fares on sale: $380 one-way from Los Angeles or San Francisco to Sydney or Brisbane and $480 one-way to Melbourne, for travel...
Luxe Layovers. Westin Hotels are coming to you gate-side. The hotel group has teamed with United Airlines and created the Westin Renewal Lounge, located inside United's Red Carpet Clubs at the JFK, Los Angeles and San Francisco airports. Each lounge (built for one) is furnished with daybeds and the energy-boosting blue-light ActiViva lamp used in the Westin Chicago's Concept Room (see Hotels here, plus healthy snacks. In United's business class, passengers get oversized Westin Heavenly Bed pillows and blankets, along with scented towelettes...
...approach to international relations. Even as he was calling for American leadership on everything from nuclear proliferation to global warming, Obama in Chicago spoke of the need for the U.S. to adopt "the spirit of a partner - a partner that is mindful of its own imperfections." And in his Los Angeles speech, McCain redefined leadership in a sophisticated way. "Leadership today," he said, "means something different than it did in the years after World War II, when ... the United States was the only democratic superpower. Today we are not alone. There is the powerful collective voice of the European Union...
...designer and mordant fashion critic who dared to call Madonna the "bare-bottomed bore from Babylon" died Oct. 19 in Los Angeles. Richard Blackwell, a.k.a. Mr. Blackwell, of the infamous worst-dressed list, made a name for himself not with his own creations but by skewering those sported by celebs on the red carpet. In addition to Madonna, Blackwell famously knocked Camilla Parker Bowles as "the Duchess of Dowdy" and even put the newly married Diana, Princess of Wales, at the top of his list...