Editorial Results (free)
1.
LaunchYourCity Draws Lessons From West Coast -
Tuesday, April 02, 2013
The group from LaunchYourCity that traveled to San Francisco in March has returned, refreshed and reinvigorated, ready to carry out what was the hoped-for goal of the trip:
Take the lessons learned and use them to help Memphis’ startup community scale new heights.
2.
AMR CEO Horton in Line for $20 Million Severance -
Monday, February 18, 2013
Tom Horton won't get to lead the new American Airlines after it merges with US Airways, but he'll get a going-away prize of nearly $20 million.
3.
Downtown Focus -
Monday, February 11, 2013
With its own tax incentives, a narrowly focused group of development boards, a variety of neighborhood demographics and development clusters that run the gamut from commercial to residential, Downtown Memphis is a veritable petri dish of economic development.
4.
High-Stakes Game -
Saturday, December 15, 2012
At week’s end, International Paper Co. appeared ready to move forward with officially applying for a package of tax incentives as part of a plan to expand the company’s headquarters in the city.
5.
High-Stakes Game -
Saturday, December 15, 2012
At week’s end, International Paper Co. appeared ready to move forward with officially applying for a package of tax incentives as part of a plan to expand the company’s headquarters in the city.
6.
Delta Buys Stake in Virgin Atlantic, Holds Investor Day -
Friday, December 14, 2012
On the heels of agreeing to buy a 49 percent stake in Virgin Atlantic from Singapore Airlines for $360 million on Tuesday, Delta Air Lines Inc. held its annual investor day conference on Wednesday, Dec. 12, in Atlanta and detailed the restructuring of its fleet, which will affect flights between Memphis and Birmingham.
7.
US Airways Posts Record Third-Quarter Profit -
Thursday, October 25, 2012
DALLAS (AP) — US Airways turned in a strong performance during a three-month stretch that covers much of the peak summer vacation season.
Net income for the third quarter was a record $245 million, or $1.24 per share, compared with $76 million, or 41 cents per share, a year earlier, the airline said Wednesday.
8.
American Airlines: Key Revenue Number Rises -
Tuesday, October 09, 2012
DALLAS (AP) – American Airlines parent AMR Corp. said Monday that a key revenue measure rose 4 percent in September although traffic declined as the carrier struggled with widespread flight delays and cancellations.
9.
American Airlines, Union Agree to Resume Contract Talks -
Thursday, October 04, 2012
DALLAS (AP) – American Airlines and its pilots' union have agreed to resume stalled contract negotiations.
The union also said Tuesday that it will delay releasing results of a strike-authorization vote scheduled to end Wednesday.
10.
British Airways Considers American Airlines Stake -
Monday, September 03, 2012
British Airways’ parent company International Airlines Group says that it has signed a non-disclosure agreement with American Airlines, allowing it to look at the company’s books.
Foreign investors are prohibited from owning more than 25 percent of a U.S. airline. The two airlines already have a joint business agreement for flights across the Atlantic Ocean and were founding members of the OneWorld frequent flier alliance.
11.
Leader of American Airlines Pilots' Union Resigns -
Friday, August 10, 2012
DALLAS (AP) – The leader of the pilots' union at American Airlines resigned Thursday after pilots rejected a concessionary contract offer that he supported.
David Bates said that the union's board asked him to step down and he agreed.
12.
US Seeks $162M in Fines Against AMR, American Air -
Wednesday, August 08, 2012
DALLAS (AP) – Federal safety regulators are seeking up to $162.4 million in fines against American Airlines and its affiliates for alleged violations of U.S. safety standards going back several years. The sanctions would dwarf any previous penalties against an airline.
13.
IAG Eyes Stake in American Airlines -
Tuesday, August 07, 2012
LONDON (AP) — The owner of British Airways and Spanish airline Iberia says it is considering taking a stake in American Airlines.
"It is something we would consider," a spokeswoman for International Airlines Group said Monday, confirming remarks by IAG CEO Willie Walsh reported earlier in the day by the Financial Times.
14.
American CEO Bashes US Airways; Calls it Desperate -
Thursday, July 26, 2012
BOSTON (AP) – American Airlines CEO Tom Horton wants to set the record straight: It was he who approached US Airways CEO Doug Parker about the possibility of combining the two airlines, not the other way around.
15.
Consultant’s Advice For Memphis: Fly Delta -
Tuesday, July 24, 2012
The advice seemed to take aim at the most tender part of the raw nerve running through the recent civic discussion about Delta Air Lines Inc.’s cuts in air service at Memphis International Airport and the higher fares that have come with the cuts.
16.
AMR has Q2 Loss of $241M on Bankruptcy Costs -
Thursday, July 19, 2012
DALLAS (AP) — American Airlines is reaping higher fares and record revenue but still losing money.
American's parent, AMR Corp., said Wednesday that it narrowed its second-quarter loss to $241 million from $286 million a year ago. The results were weighed down by the cost of AMR's bankruptcy restructuring.
17.
American Offers to Drop Plans to Lay Off Pilots -
Monday, June 25, 2012
DALLAS (AP) – American Airlines is offering to drop plans to furlough pilots as it seeks union approval for a long-term cost-cutting deal that would help American rebuild while under bankruptcy protection.
18.
Forum Addresses Airfare Concerns -
Friday, June 15, 2012
Southwest Airlines will come to Memphis International Airport at some point. But when the Dallas-based carrier does, Memphis airline passengers shouldn’t expect it will drop airfares at the airport back to pre-recessionary levels.
19.
Airfare Forum Draws Southwest Predictions -
Thursday, June 14, 2012
Southwest Airlines will come to Memphis International Airport at some point. But when the Dallas-based carrier does, Memphis airline passengers shouldn’t expect it will drop airfares at the airport back to pre-recessionary levels.
20.
AIRfair? -
Monday, June 11, 2012
Two frequent-flyer businessmen booked side-by-side seats on Delta Air Lines flights from Minneapolis to St. Louis last month, with one of them getting charged a higher price than the other each time they tried booking it.
21.
US Airways Makes Deals With 3 AMR Unions -
Monday, April 23, 2012
DALLAS (AP) – US Airways has struck deals with unions at American Airlines to win their support for a possible merger of the two airlines.
The unions are angry that American is trying to cut jobs and labor costs while under bankruptcy protection. They represent 55,000 pilots, flight attendants and ground workers at American, the nation's third-largest airline
22.
American Airlines Aims to Cancel Labor Contracts -
Friday, March 23, 2012
NEW YORK (AP) – American Airlines will ask a federal bankruptcy judge next week to throw out its union contracts if it can't reach cost-cutting deals with labor unions.
One of American's lead lawyers in the bankruptcy case, Harvey Miller, said Thursday that the company and unions have bargained in good faith, but he doesn't expect them to reach compromises.
23.
2008 Model Predicts Effects of Airline Mergers -
Friday, February 03, 2012
Two years ago, a trio of economics professors at Stanford University’s Graduate School of Business, checked in on a model they built in 2008 to measure and predict the long-term effects of U.S. airline mergers on specific markets, including Memphis.
24.
American Airlines Aims to Cut 13,000 Jobs -
Thursday, February 02, 2012
DALLAS (AP) – The parent of American Airlines wants to eliminate about 13,000 jobs – 15 percent of its workforce – as the nation's third-biggest airline remakes itself under bankruptcy protection.
25.
Madison Hotel Offers Frequent Flyer Miles -
Monday, January 30, 2012
The Madison Hotel is now offering frequent flyer miles for a variety of airlines through the hotel’s Worldhotels affiliation.
Guests will be able to earn a reward of 500 miles per stay on qualifying rates with 19 of the world’s international airlines, including American Airlines Inc., Delta Air Lines Inc., US Airways Group Inc. and United Air Lines Inc.
26.
Delta, Southwest News Could Bring Change to MEM -
Friday, January 27, 2012
Once again, there was a message about Memphis International Airport’s importance to Delta Air Lines in comments Delta’s leaders made this week when the company released year-end and fourth-quarter 2011 earnings figures for its global system.
27.
Delta’s Quarterly Profit More Than Doubles -
Thursday, January 26, 2012
Delta Air Lines reported its most profitable quarter ended in December in the company’s history – with quarterly profit excluding special items more than doubling from a year ago.
The Atlanta-based major carrier with a hub at Memphis International Airport reported net income excluding special items of $379 million for the last calendar quarter of 2011. The net income was $221 million better than the $158 million a year earlier.
28.
Delta’s Quarterly Profit More Than Doubles -
Wednesday, January 25, 2012
Delta Air Lines reported its most profitable quarter ended in December in the company’s history – with quarterly profit excluding special items more than doubling from a year ago.
The Atlanta-based major carrier with a hub at Memphis International Airport reported net income excluding special items of $379 million for the last calendar quarter of 2011. The net income was $221 million better than the $158 million a year earlier.
29.
Delta Shares Up on Report of Interest in AMR -
Friday, January 13, 2012
FORT WORTH, Texas (AP) – Shares of Delta Air Lines Inc. rose Thursday after a report that the world's second-biggest airline may try to buy American Airlines parent AMR Corp.
30.
Delta Announces Big LaGuardia Expansion -
Monday, December 19, 2011
NEW YORK (AP) – Delta Air Lines Inc. is boosting its flying out of New York's LaGuardia airport, adding routes that target American Airlines and put it in a better position to compete against United.
31.
AMR's American Eagle May Cut 223 Jobs in February -
Friday, December 16, 2011
DALLAS (AP) – American Eagle, the regional-flying affiliate of American Airlines, may furlough 223 Texas-based pilots and flight attendants in February as the company cuts costs under bankruptcy protection.
32.
Four-Star Forecast -
Friday, December 16, 2011
Recovery continues in the local hotel market, fueled in part by several Downtown luxury hotels that have experienced healthy business in 2011 and anticipate an even stronger performance next year.
Overall occupancy rate year-to-date for all hotels in the Mid-South is 59.4 percent, up from 57.6 percent last year at this time, according to third-quarter statistics from Smith Travel Research. The market’s average daily rate (ADR) has held steady since last year, hovering near $76, while revenue per available room (RevPAR) has jumped to $45.14, up from $43.81.
33.
3 Senior Executives Leaving American Airlines -
Wednesday, December 07, 2011
DALLAS (AP) – The exodus of top leaders at American Airlines is growing, a week after parent AMR Corp. filed for bankruptcy protection.
34.
Airlines Attempt to Raise US Prices Again -
Monday, December 05, 2011
DALLAS (AP) – Major U.S. airlines are again trying to raise prices on many domestic flights.
Delta Air Lines Inc. confirmed Friday that it had raised fares to Florida, Phoenix and Las Vegas by up to $10 per round trip.
35.
American Airlines Files for Bankruptcy Protection -
Wednesday, November 30, 2011
DALLAS (AP) – The parent company of American Airlines filed for bankruptcy protection Tuesday, seeking relief from crushing debt caused by high fuel prices and expensive labor contracts that its competitors shed years ago.
36.
American Airlines Files for Bankruptcy Protection -
Tuesday, November 29, 2011
DALLAS (AP) – American Airlines and its parent company filed for bankruptcy protection as they try to cut costs and unload massive debt built up by years of high fuel prices and labor struggles. There will be no impact on travelers for now.
37.
Heart of Memphis -
Monday, November 14, 2011
The day before Tennessee Gov. Bill Haslam was the keynote speaker this summer at the Downtown Memphis Commission’s 2011 Annual Luncheon, he went for a jog in Nashville wearing his “Believe Memphis” Grizzlies T-shirt.
38.
US Airways, Delta Hike Fares by Up to $10 Per Round Trip -
Friday, November 04, 2011
DALLAS (AP) – US Airways and Delta Air Lines Inc. are raising fares on many U.S. flights by up to $10 per round trip, and other airlines are tinkering with prices too.
39.
4 Airports Try Limited Low-Hassle Security Checks -
Wednesday, October 05, 2011
ATLANTA (AP) – A small group of frequent fliers began using lower-hassle security lines Tuesday in exchange for sharing more personal information with the government in a trial program at four U.S. airports.
40.
Summit Touts Return of Demand -
Friday, August 26, 2011
“Demand is back” was the theme at the ninth annual Southern Lodging Summit held Downtown this week at The Peabody hotel and the Memphis Cook Convention Center.
Hoteliers and industry execs gathered for the 2011 Summit, which was organized by the Metropolitan Memphis Hotel & Lodging Association and hotel consulting firm Pinkowski & Co.
41.
Tower Revival -
Thursday, August 25, 2011
The reversal of fortune for the Downtown tower at the intersection of Main Street and Monroe Avenue, until recently plagued by falling occupancy and an uncertain future, was set in motion in a private meeting one year ago this month.
42.
Independent Bank Inks One Commerce Lease -
Monday, August 15, 2011
The second-largest bank based in Memphis is coming Downtown. Independent Bank has inked a lease to open a bank branch in the lobby of One Commerce Square, in addition to space for the bank’s financial planning division on the tower’s 23rd floor.
43.
Independent Bank Inks One Commerce Lease -
Friday, August 12, 2011
The second-largest bank based in Memphis is coming Downtown.
Independent Bank has inked a lease to open a bank branch in the lobby of One Commerce Square, in addition to space for the bank’s financial planning division on the tower’s 23rd floor.
44.
$20M in Improvements On Tap for One Commerce -
Friday, August 12, 2011
Plans for $20 million in tenant improvements are coming right along at One Commerce Square.
Commercial Advisors LLC held a tenant meeting and appreciation lunch Thursday, Aug. 11, in the historic bank lobby, 40 S. Main St. The event was led by Gary Prosterman, president and CEO of Development Services Group and one of the partners in Memphis Commerce Square Partners LLC, the new ownership group of One Commerce.
45.
$20M in Improvements on Tap for One Commerce -
Thursday, August 11, 2011
Plans for $20 million worth of tenant improvements are coming right along at One Commerce Square.
Commercial Advisors LLC held a tenant meeting and appreciation lunch Thursday, Aug. 11 in the historic bank lobby, 40 S. Main St. The event was led by Gary Prosterman, president and CEO of Development Services Group and one of the partners in Memphis Commerce Square Partners LLC, the new ownership group of One Commerce.
46.
Southwest Posts Q2 Profit of $161 Million -
Friday, August 05, 2011
DALLAS (AP) – Southwest Airlines Co. set records for full planes, and higher fares boosted revenue as the summer vacation season kicked into high gear.
47.
More Airlines Raise Fares to Grab Tax Savings -
Tuesday, July 26, 2011
DALLAS (AP) – The great tax holiday of 2011 for air travelers is just about over.
By Monday, most U.S. airlines had raised fares to reap the benefit of lower federal taxes on airline tickets. A few airlines that were passing the savings on to consumers changed their minds.
48.
Govt to Test Risk-Based Airport Screening -
Friday, July 15, 2011
WASHINGTON (AP) – The Transportation Security Administration said Thursday it will test a program to pre-screen a small group of select air travelers who volunteer more personal information about themselves so they can be vetted to get faster screening at airport checkpoints.
49.
US Airlines Make Money Again by Flying Less -
Wednesday, January 26, 2011
DALLAS (AP) – After a decade of multibillion-dollar losses, U.S. airlines appear to be on course to prosper for years to come for a simple reason: They are flying less.
By grounding planes and eliminating flights, airlines have cut costs and pushed fares higher. As the global economy rebounds, travel demand is rising and planes are as full as they've been in years.
50.
What Happens Next -
Monday, January 03, 2011
Take a good look around you, Memphis.
The next 12 months have so much in store, almost anywhere a person looks – from the neighborhood school to the family doctor to office buildings Downtown to industrial space in South Memphis – the pace of change is likely to make 2011 one for the record books.
51.
TSA: Some Gov't Officials to Skip Airport Security -
Friday, November 26, 2010
WASHINGTON (AP) – Cabinet secretaries, top congressional leaders and an exclusive group of senior U.S. officials are exempt from toughened new airport screening procedures when they fly commercially with government-approved federal security details.
52.
Protests & Pat-Downs -
Wednesday, November 24, 2010
Thanksgiving weekend will undoubtedly be a busy one for Memphis International Airport – serving 2.5 percent of its annual passenger count in the six-day span – but also for Transportation Security Administration (TSA) agents.
53.
AIG Repaying Nearly $4 Billion in Federal Loans -
Tuesday, August 24, 2010
In its single biggest repayment of bailout loans so far, American International Group Inc. said Monday it is paying back nearly $4 billion in taxpayer aid with proceeds from a recent debt sale.
54.
City Leaders Roll Out Red Carpet for Pinnacle -
Thursday, August 12, 2010
The opportunity to convince Pinnacle Airlines Corp. to bring its Memphis headquarters Downtown has presented the first opportunity for several important figures to coordinate their efforts on a major economic development deal.
55.
Pinnacle Board Gets Downtown Hard Sell -
Wednesday, August 11, 2010
Pinnacle Airlines Corp. executives, after listening to a coordinated, Downtown-focused pitch from developers, businessmen and political leaders, will now take about a month to finish deciding where to relocate their corporate headquarters.
They’re considering sites Downtown, near Memphis International Airport as well as beyond the city. Mississippi has made what Pinnacle acknowledged is a “generous” offer for the company to move to Olive Branch.
Pinnacle executives are in town this week for the Memphis-based regional air carrier’s regular board meeting. Backers of the proposal to make Pinnacle the anchor tenant at Downtown’s One Commerce Square took that opportunity to make their case directly to the company in a private meeting Tuesday evening on the 29th floor of the landmark tower.
After about an hour, Pinnacle executives descended to the One Commerce lobby, where Memphis’ business elite were gathered, refreshments were served, and projected onto a screen were the words “Pinnacle Land Here” against a backdrop of the city.
Guests included a handful of political leaders, representatives of the Greater Memphis Chamber, EmergeMemphis, the Center City Commission and the heads of Memphis two largest locally-based banks, First Tennessee and Independent Bank, among other people.
Contrasting with the traditional nametags everyone else wore, the nametags of Pinnacle board members were brightly colored. All the better, Downtown supporters pointed out, for identifying them and laying on the charm.
“We’re going to fill this building,” exclaimed Karl Schledwitz, one of the partners with Southland Capital president Terry Lynch involved in buying the tower and working to lease a significant portion of it to Pinnacle.
As guests mingled, a marketing video produced by the Center City Commission was played on one wall that featured Downtown workers talking up the neighborhood. The same video was shown earlier that evening during the private pitch to Pinnacle’s board.
Making the case to the board were Memphis Mayor A C Wharton Jr.; incoming Shelby County Mayor Mark Luttrell and representatives of the investors buying One Commerce, as well as the Center City Commission and the Looney Ricks Kiss architectural firm.
“Pinnacle Airlines Corp.’s board of directors participated in a walk-through of One Commerce Square, hosted by members of the Center City Commission, the investors who are buying the building, and key business and government leaders,” said Phil Trenary, Pinnacle’s president and CEO, in a statement released Tuesday night. “This visit gave our board an opportunity to get a firsthand look at the building.
“Pinnacle has not selected a new site and still has to complete an in-depth analysis on this and other sites. We appreciate the interest and enthusiasm that the City of Memphis, the CCC, the Chamber and the ownership group have shown as we move through this process.”
Tuesday was the culmination of a months-long synchronized attempt at deal-making among several entities working to keep Pinnacle from being lured away from Memphis.
Details of the multimillion-dollar incentive package business and civic leaders have pieced together to cement the Downtown location for Pinnacle also began to trickle out Tuesday.
Coupled with that, a series of well-timed dominoes still needs to fall into place before a deal sweetened with a variety of incentives comes together.
Lynch confirmed Tuesday afternoon that several things have to happen more or less simultaneously.
The city, or perhaps an entity like one of the Center City Commission’s affiliated boards, would need to buy a nearby parking garage at the same time the investors buy One Commerce Square and at the same time Pinnacle signs a lease. Plans in the works now call for leasing the nearby parking garage back to One Commerce Square's new owners and giving Pinnacle parking there. More Pinnacle parking would be available at 250 Peabody Place.
Lynch said a memorandum of understanding has already been making its way around to various people involved in the deal. Wharton, outgoing Shelby County Mayor Joe Ford and CCC President Paul Morris have all signed a memo outlining the proposed incentives.
Lynch said U.S. Bank, the current owner of One Commerce Square, has accepted the investment group’s bid, but plenty more moving pieces need to fall into place.
“We have a letter of intent and we’re working through a contract right now. We’re just going back and forth. That’s the status of it right now,” Lynch said.
He said the timeline for next steps is fluid.
“If we don’t get past the first one, we can’t get to the second one,” Lynch said. “There’s various steps we have to get to.”
Wharton said Tuesday the city would like to commit $3 million from the $5 million economic development fund Wharton recently asked for the City Council’s approval to establish.
Wharton also mentioned Tuesday the possibility of applying for $15 million in American Recovery and Reinvestment Act bond allocations from the state to add to the pot of financing for the Pinnacle deal.
Another facet of the issue is how to pay for and fit into the package the acquisition of a nearby parking garage for Pinnacle’s use. The importance of that topic was discussed by Downtown officials with Pinnacle’s board Tuesday night.
“Landing Pinnacle Downtown would be a big boost in all kinds of ways,” said council member Bill Boyd.
U.S. Bancorp recently accepted the bid to buy One Commerce Square tower from a group of investors that includes Lynch; Schledwitz; and Gary Prosterman.
Lynch’s group is committing $25 million to $30 million on the building, which includes the purchase price and improvements to the building in the coming months. The group is now teeing up a deal to make Pinnacle the building's anchor tenant, something that Wharton has said will be an attraction to other businesses that have expressed interest in following suit if Pinnacle inks a deal.
Lynch wasn’t able to disclose the building's formal purchase price, but One Commerce Square was listed for $12 million.
Look for updates at The Daily News Online, www.memphisdailynews.com.
...56.
Multimillion Dollar Incentive Package on Tap for Pinnacle -
Tuesday, August 10, 2010
The city and other partners have pieced together a multimillion-dollar incentive package to help cement a new Downtown location for Pinnacle Airlines Corp.
57.
Delta Posts $467M Profit In 2nd Quarter -
Tuesday, July 20, 2010
Delta Air Lines Inc. reported its largest quarterly profit in a decade Monday but investors dumped its shares as sales didn’t meet expectations and the carrier gave a cautious outlook amid economic uncertainty.
58.
Airlines are Flying Back to Profits in 2010 -
Tuesday, June 08, 2010
BERLIN (AP) — The global airline industry is showing a turnaround and will swing back to profit in 2010 after several difficult years, as growth in Asia and the U.S. offsets weaker demand in Europe, the major international air transport group said Monday.
59.
Delta Reports $256 Million Q1 Loss, Sees Q2 Profit -
Wednesday, April 21, 2010
ATLANTA (AP) – Delta Air Lines Inc. blamed heavy winter storms and one-time expenses for propelling it to a $256 million loss during the first three months of the year, though it said Tuesday it expects a solidly profitable second quarter as the peak summer season ramps up.
60.
Boeing Accelerates Production of 747, 777 Models -
Monday, March 22, 2010
NEW YORK (AP) - Boeing Co. will speed up production plans for its 777 and 747 models in anticipation of greater demand from commercial airlines.
61.
Regulator Faults Wall Street Banks on Derivatives -
Friday, March 12, 2010
WASHINGTON (AP) - Wall Street banks are seeking exemptions to proposed new financial derivatives rules that could shield more than half the trades that should be subject to disclosure, a federal regulator said Thursday.
62.
Japan Airlines Rejects Delta, Stays With American -
Wednesday, February 10, 2010
TOKYO (AP) – Japan Airlines, wooed for months by Delta Air Lines with promises of cash and global reach, spurned the world's biggest carrier and opted to keep its alliance with American Airlines.
63.
Southwest, Continental Profits Raise Recovery Hope -
Friday, January 22, 2010
DALLAS (AP) - Southwest Airlines made money in the fourth quarter, which was expected, and so did Continental, which was not.
Both reports on Thursday boosted hopes that the airline industry is climbing back after a steep nosedive.
64.
Taking Off -
Tuesday, October 13, 2009
Aviators attain flight and control the movements of their aircraft by precisely balancing the forces of lift, thrust, drag and gravity. The people piloting the aerotropolis initiative – the promotion of Memphis’ economy focused on the airport, other transportation assets and the connectivity among them – are negotiating their own set of physics in hopes of becoming airborne.
65.
Taking Off -
Monday, October 12, 2009
Aviators attain flight and control the movements of their aircraft by precisely balancing the forces of lift, thrust, drag and gravity. The people piloting the aerotropolis initiative – the promotion of Memphis’ economy focused on the airport, other transportation assets and the connectivity among them – are negotiating their own set of physics in hopes of becoming airborne.
66.
Regulators Seek Tighter Derivatives Oversight -
Thursday, October 08, 2009
As two federal regulators asked a House panel to tighten proposed legislation imposing new oversight on derivatives, Republican lawmakers contended the measure already could eliminate jobs and stifle companies’ ability to manage risks.
67.
American in Joint Bid To Help Japan Airlines -
Monday, September 21, 2009
American Airlines Inc., British Airways Plc and Qantas Airways Ltd. have offered broad financial and business support to struggling alliance partner Japan Airlines Corp., including a possible investment of several hundred million dollars from American, a Japanese newspaper reported Friday.
68.
Jobless Rate At 9.7 pct.; 216K Jobs Lost in Aug. -
Tuesday, September 08, 2009
WASHINGTON (AP) – The national unemployment rate jumped almost half a point to 9.7 percent in August, the highest since 1983, reflecting a poor job market that will make the economy’s recovery more difficult.
69.
American to Cut 921 Flight Attendants' Jobs -
Wednesday, September 02, 2009
DALLAS (AP) - American Airlines is cutting 921 flight attendant jobs as it deals with an ongoing downturn in traffic and lower revenue.
The airline said Tuesday that the cuts will take effect Oct. 1.
70.
AIG Reports Q2 Profit, First Since 2007 -
Monday, August 10, 2009
American International Group Inc. reported its first quarterly profit since 2007 on Friday, as the government-controlled insurer saw the value of some of its soured assets recover.
AIG said results at its core insurance operations fell during the second quarter due to the weak economy, a trend reported by other insurers. But investors appeared relieved by the company's report. AIG shares jumped $4.11, or 18.2 percent, to $26.64 in midday trading Friday.
71.
American Airlines Parent AMR Posts Q2 Loss -
Thursday, July 16, 2009
DALLAS (AP) - American Airlines parent AMR Corp. lost more money in the second quarter as fewer people got on its planes and those who did paid lower fares than a year ago.
72.
DOT Grants Antitrust Immunity to Continental -
Monday, July 13, 2009
DALLAS (AP) - The U.S. Transportation Department on Friday granted Continental Airlines Inc. immunity from antitrust laws, allowing it to work closely with a group of other carriers, including United Airlines, on international service.
73.
Air France-KLM, Delta to Reap $12B a Year -
Thursday, May 21, 2009
Delta Air Lines Inc., Air France and KLM signed a deal Wednesday to combine two separate joint venture agreements to create a more integrated trans-Atlantic powerhouse they said will generate $12 billion in annual revenue and provide better travel options for customers.
74.
Six Independent AIG Directors to Stand for Election -
Wednesday, May 20, 2009
CHARLOTTE, N.C. - Embattled insurer American International Group Inc. said Tuesday it will reconfigure its board to include six new independent directors.
75.
Swine Flu Casts Shadow Over Economy -
Tuesday, April 28, 2009
LONDON (AP) - Uncertainty over the swine flu outbreak cast a shadow over the struggling global economy Monday, raising fears that that the spread of the virus could harm trade and tourism and undermine businesses just as they begin to rally.
76.
Mixed Signals Abound, But Economy Remains Weak -
Monday, April 20, 2009
WASHINGTON (AP) - A flurry of better-than-expected bank earnings reports this week, coupled with some tentatively encouraging economic data, suggest the economy and the financial system might not be quite as sick as many had believed.
77.
Airline Losses for Fourth Quarter Mount -
Friday, January 30, 2009
ATLANTA (AP) - Deep capacity cuts, checked bag fees and aggressive fare sales couldn't stop the airline industry's bleeding from the impact of bad bets on fuel hedges and the drop-off in demand due to the weak economy. After more carriers posted losses Thursday, the total fourth-quarter red ink for the top nine U.S. carriers by traffic rose to $4 billion.
78.
Job-Killing Recession Racks Up More Layoff Victims -
Tuesday, January 27, 2009
WASHINGTON (AP) - The recession is killing jobs at an alarming pace, with tens of thousands of new layoffs announced Monday by some of the biggest names in American business – Pfizer, Caterpillar and Home Depot.
79.
Airlines Threaten to Move Flights From Atlanta to Memphis -
Wednesday, January 21, 2009
ATLANTA (AP) – Airlines that do business at the world’s busiest passenger airport are playing hardball in talks over new lease agreements, threatening to move some flights to other airports – including Memphis International Airport – if they can’t maintain competitive costs on fees they pay.
80.
Delta, American Express Extend Card Agreement -
Wednesday, December 10, 2008
ATLANTA (AP) - Delta Air Lines Inc., the world's biggest carrier, said Tuesday it is getting a $1 billion boost following a credit card agreement it has reached with American Express Co. A company executive also said Delta expects to turn a profit in 2009.
81.
Bush Trying Again to Stem Holiday Flight Delays -
Wednesday, November 19, 2008
WASHINGTON (AP) - Anticipating another holiday travel crunch, President Bush said on Tuesday that his administration was taking steps to prevent frustrating flight delays during the busy Thanksgiving and Christmas holiday seasons.
82.
Americans Make Fewer Air Trips, Survey Says -
Monday, June 02, 2008
Nearly half of American air travelers would fly more if it were easier, and more than one-fourth said they skipped at least one air trip in the past 12 months because of the hassles involved, according to an industry survey.
83.
Airline Traffic Fell in November; Industry Still on Record Pace -
Friday, February 15, 2008
WASHINGTON (AP) - U.S. airlines carried fewer passengers in November, the first time in 2007 that traffic declined compared with the same month a year earlier.
The airlines carried 59.9 million domestic and international passengers in November, down from 60.3 million in the same month in 2006 and from 64.2 million in October, according to data released Thursday by the Transportation Department's Bureau of Transportation Statistics. Through October, traffic had risen every month last year compared with 2006.
84.
Tenn. Lobbies U.S. GovFor Northwest Flights to China -
Thursday, August 16, 2007
Tennessee has joined the lobbying efforts of several other states to secure nonstop flights from the U.S. to China via Northwest Airlines, which operates a hub in Memphis.
Michigan lawma85.
Signature's John Cooper Graduates From Leadership Memphis -
Wednesday, August 15, 2007
John Cooper, the creative director of multimedia at Signature Advertising and Marketing Solutions, has graduated with the 2006-2007 class of Leadership Memphis. The program challenges community leaders to make Memphis a better place and advance diversity.
86.
Legal Defender of Bush War Policies To Appear in Memphis -
Friday, August 03, 2007
Chances are, most people don't recognize his name. But any American over the last few years who's read about, opined on or debated the so-called war on terror - whether they've done so in coffeehouses, college campuses or the halls of Congress - knows full well his legacy.
87.
Eoff Joins University of Memphis in Communications Role -
Wednesday, June 13, 2007
Robert H. Eoff has been chosen to fill the newly created office of vice president of communications, public relations and marketing at the University of Memphis. Previously, Eoff worked for The New York Times Co. as president of the New York Times Broadcast Media Group since 2004. He has been with The New York Times Co. since 1969, when he began working for WREG Channel 3 in Memphis, which was a part of the Broadcast Media Group.
88.
Northwest Airlines DepartsBankruptcy Protection -
Friday, June 01, 2007
Northwest Airlines exited bankruptcy protection Thursday, capping a 20-month reorganization aimed at making the nation's fifth-largest carrier competitive again.
Northwest shares began t89.
Archived Article -
Tuesday, April 24, 2007
18 buildings near
Memphis International Airport
Sale Amount: $42 million
Sale Date: April 9, 2007
Buyer: Inland American TN Distribution LLC
Sellers: ProLogis-North Carolina LP (14 properties); Dorothy Vea Polk, Lewie R. Polk III, Patricia Polk Boyd, Peggy Polk Kent and Janice Polk Thompson (four properties)
90.
Continental Named Most Admired U.S. Airline -
Wednesday, March 07, 2007
Continental Airlines was rated the most admired U.S. airline in Fortune magazine's 2007 list of America's Most Admired Companies. The list and related stories appear in the March 19 issue, on newsstands Monday and at www91.
Tick Tock -
Thursday, January 04, 2007
Memphis International Airport's biggest milestone in 2006 might have been its eye-catching new rotunda in Concourse B, transformed over the past year along with nearby corridors into a Memphis-themed mini-mall.
92.
Up in the Air -
Friday, November 17, 2006
Northwest Airlines is still experiencing some turbulence even though it plans to re-hire 75 furloughed pilots by year end and 150 by mid-2007.
Because some pilots are not accepting the company's recalls for various reasons, the Eagan, Minn.-based carrier will extend recalls to hundreds of its pilots, it said in a statement. By Oct. 10, it had sent letters to about 425 furloughed pilots.
93.
Archived Article: Daily Digest -
Wednesday, February 16, 2005
East Memphis Property East Memphis Property
Financed for $16.3 Million
Norman FX World LLC has financed property at 942 S. Shady Grove Road near Briarcrest Avenue for $16.3 million, according to The Daily News Public Records Database, www.m...
94.
Archived Article: Small Biz -
Wednesday, November 24, 2004
By Andy Meek Self Tucker Embraces Diversity, Individuality
ANDY MEEK
The Daily News
You dont have to look far to see the influence of Self Tucker Architects Inc. on Memphiss architectural landscape.
Several of the citys most prominent...
95.
Archived Article: Daily Digest -
Wednesday, November 17, 2004
American Way Property American Way Property
Financed for $2.5 Million
American Way Partnership has financed 5.49 acres at 4775 American Way in the Summerset Park Subdivision for $2.5 million, according to The Daily News Public Records Datab...
96.
Archived Article: Daily Digest -
Wednesday, October 13, 2004
Downtown Property Downtown Property
Financed for $8.5 Million
Jason Crews Partnership has financed 1.36 acres near Georgia Avenue and Riverside Drive for $8.5 million, according to The Daily News Public Records Database, www.memphisdailynew...
97.
Archived Article: Daily Digest -
Tuesday, September 02, 2003
KENILWORTH, N First Data sets
merger vote date
First Data Corp. announced it has established a record date for a special shareholder meeting to consider and vote upon a proposed merger between Concord EFS and First Data.
First Data share...
98.
Archived Article: Daily Digest -
Monday, February 17, 2003
Downtown Hampton Inn Downtown Hampton Inn
nabs Hotel of Year award
Hampton Inn & Suites, a member of the Hilton chain of hotels, chose Hampton Inn & Suites at Peabody Place as its Hotel of the Year 2002.
It is the second Hotel of...
99.
Archived Article: Daily Digest -
Thursday, February 06, 2003
San Antonio gets nod San Antonio gets nod
for new Toyota plant
Toyota Motor Corp. selected San Antonio for its sixth vehicle assembly plant in North America, a decision that promises to boost the economic prospects of a city hurt in recent ...
100.
Archived Article: Daily Digest -
Friday, January 24, 2003
The $92 million Memphis Cook Convention Center renovation and expansion reaches completion Friday, January 17 at a grand openi Improved convention center
ready for spectacular debut
The $92 million Memphis Cook Convention Center renovation ...