Julie King News
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More Americans than projected filed first-time claims for unemployment insurance last week, a sign the improvement in the labor market will take time to develop.
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The number of Americans filing first-time claims for unemployment insurance fell to the lowest level since July 2008 last week, showing further strength in the labor market after the jobless rate declined to a 21-month low.
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Continental Airlines will eliminate 500 jobs in Houston as it combines with United Airlines and moves its headquarters from the Texas city to Chicago.
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On the evening of Dec. 10, 2007, pilot Kenny Edwards got the order to fly a Continental Airlines Inc. commuter flight from Tampa, Florida, to West Palm Beach. He told his dispatch supervisor he wouldn’t do it.
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United Continental Holdings Inc. can’t use the Continental Airlines code on 70-seat jets operated by its regional partners because a labor contract requires planes of that size to be flown by Continental pilots, an arbitrator ruled.
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Continental Airlines postponed the November 2011 start of Houston-Auckland service until sometime in 2012 because of an expected additional delay in delivery of Boeing Co.’s 787.
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UAL Corp.’s United Airlines and Continental Airlines Inc. are targeting early 2011 to start blending passenger-service operations as they merge to create the world’s largest carrier.
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Continental Airlines Inc. shareholders approved the carrier’s $3.2 billion merger with UAL Corp.’s United Airlines.
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The U.S. government rested its case yesterday in a prosecution that may provide a preview of next year’s trial of Galleon Group LLC co-founder Raj Rajaratnam, accused of helping direct the largest-ever hedge fund insider trading scam, Bloomberg News’ David Glovin reports.
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UAL Corp. ’s merger with Continental Airlines Inc. won’t create a monopoly and shouldn’t be blocked on antitrust grounds, a federal judge ruled, helping to clear the way for the deal’s completion.
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