NEWS
By Chicago Tribune | September 9, 2008
CHICAGO - United Airlines' stock fell more than 75 percent yesteday morning after a nearly 6-year-old Chicago Tribune news report was distributed via a market information site operated by Bloomberg L.P. The stock, which had closed Friday at $12.30 a share, hit a low of $3 a share before the confusion was cleared up. The stock closed at $10.92, down $1.38 for the day. After being alerted to the issue yesterday morning, the Chicago Tribune removed the...
BUSINESS
By BLOOMBERG NEWS | November 3, 2000
CHICAGO - United Airlines' mechanics union said it suspended talks with the world's largest air carrier, just a week after United pilots approved a contract to end a dispute that contributed to months of flight delays. The Machinists union, which represents the 15,000 mechanics and related workers at United, said the company was not taking the negotiations seriously. United said it hoped to resume the "exceptionally difficult" talks soon. The sides were meeting in Washington under the auspices of the National Mediation Board.
BUSINESS
By BLOOMBERG NEWS | May 27, 2005
CHICAGO - United Airlines and the International Association of Machinists turned the focus of contract negotiations to pension benefits yesterday as they sought to avoid a strike. "That's the big issue," said Joe Tiberi, a spokesman for the IAM, which represents 20,000 bag handlers, reservations agents and other employees. United and the Machinists, the biggest union at the airline, continued talks yesterday, he said. U.S. Bankruptcy Judge Eugene Wedoff plans to rule Tuesday on whether UAL Corp.
NEWS
By Lynn Anderson | March 17, 2008
Walter A. Truax, a retired United Airlines manager and longtime resident of Severna Park, died of respiratory failure Friday. He was 78. He was a member of the Olde Severna Park Improvement Association for more than four decades and served on the organization's board for many years, including three years as president, according to his family. In 1980, his friends and neighbors nominated him for Man of the Year, an award he received at the annual Greater Severna Park Community Awards Ceremony.
BUSINESS
By BLOOMBERG NEWS | April 1, 1998
CHICAGO -- Delta Air Lines Inc. probably will seek an alliance with United Airlines that will let the airlines sell seats on each other's U.S. flights as they attempt to counter a major rival partnership, a report by United pilots said yesterday.Delta, the third largest U.S. airline, stands to lose the most business of any airline to the pending alliance of Northwest Airlines Corp. and Continental Airlines Inc. and "may attempt to initiate some activity in order to protect its position," said the report.
BUSINESS
By BLOOMBERG BUSINESS NEWS | November 4, 1995
CHICAGO -- UAL Corp., the parent of United Airlines, is set to meet next week with investors, union officials and directors to discuss whether or not it will proceed with an offer for USAir Group Inc.UAL is expected to finish a study evaluating a merger by Monday. The airline began the study in early October, when it disclosed that it was talking with USAir about possible strategic alliances that include an acquisition.UAL executives and representatives of its labor unions are scheduled to meet Tuesday with investors and analysts at the company's annual securities analyst meeting in Chicago.