August 10, 2000 |
Internet Capital Group of Wayne has hired Edward West, who had been the top financial officer of Delta Air Lines Inc., as its chief financial officer. West replaces David Gathman, 52, who oversaw ICG's initial public offering a year ago and a second offering of $1.2 billion in stock and debt in December. ICG invests in and operates 63 companies that run online business exchanges and sell Internet software and services. "Ed brings a unique set or combination of skills and is a phenomenal hire from our perspective," ICG's chief executive officer, Walter Buckley 3d, said.
October 16, 1995 |
It took a while, but American Express has finally started teaming up with travel companies to offer "affinity" cards, which help people earn frequent- traveler rewards. American Express and Hilton Hotels are offering a Hilton Optima Card that gives points in the Hilton HHonors frequent-guest program for everything charged to it. Like many other credit cards these days, the co-branded card has no annual fee and starts with a low interest rate for the first six months. The variable annual interest rate rises to close to the legal limit after that.
March 8, 2014 |
The new American Airlines Group Inc. is continuing to tweak its schedule as it looks ahead to combining US Airways and American, which will be Philadelphia's dominant airline. The latest evidence is the addition of three new nonstop destinations out of Philadelphia to Charleston, W.Va.; Memphis, and Lexington, Ky., announced by American and US Airways on Thursday. The flight additions would seem to bode well for the future of Philadelphia International Airport as a hub for the new American, the world's largest airline by passenger traffic, ahead of United and Delta airlines.
February 3, 2014 |
A storm is brewing in the cockpit of U.S. airlines: a pilot shortage. Thousands of pilots are nearing the mandatory retirement age of 65, just as it is becoming harder to be a commercial airline pilot. New federal pilot-rest rules and tougher qualification standards requiring new pilots to have 1,500 hours of flight experience - up from 250 - have come at the same time that throngs of senior pilots will be retiring. The new mandates were implemented in the last six months, in response to the Colgan Air crash near Buffalo on Feb. 12, 2009, that killed all 49 aboard the plane and one man on the ground.
January 16, 2014 |
In the cutthroat competition for credit-card travel perks, the US Airways-American Airlines merger has dealt a blow to American Express Platinum and Centurion cardholders. The day after the merger was approved, creating the world's largest airline, American announced that AmEx Platinum and Centurion cards would no longer provide free entry to US Airways and American's airport lounges, effective March 22. Only Citibank's Citi Executive AAdvantage "world elite" MasterCard will carry complimentary access to American Admirals and US Airways club lounges.
December 28, 1995 |
The nation's airlines are trying to keep the good times rolling with a post-holiday ticket sale that halves some fares. Delta Air Lines Inc. started the sale yesterday, offering discounts of 30 percent to 50 percent on flights between Jan. 2 and Feb. 29. Trans World Airlines Inc., of St. Louis, quickly matched the fares on competing routes in the United States, Puerto Rico and Mexico. Other major carriers matched most of Delta's fares.
January 23, 2013
Phillips 66 Co. has agreed to pay a $50,000 penalty to settle alleged violations of hazardous waste regulations at its former refinery in Trainer, the U.S. Environmental Protection Agency announced Tuesday. EPA cited Phillips 66 for violations involving the storage of hazardous materials including refinery hydrocarbon waste, chromium waste, heavy metal waste from batteries and mercury waste from fluorescent bulbs. Phillips 66 Co. is the successor to ConocoPhillips Corp., which owned the refinery until it was sold last year to Monroe Energy, a subsidiary of Delta Air Lines.
February 15, 2014 |
Leaders for pilots at American Airline's American Eagle subsidiary have rejected a tentative contract offer, without sending it to pilots for a vote. American tried unsuccessfully to spin-off Eagle in recent years because its costs were too high. Management asked the pilots to make labor-cost concessions, but the union leadership Wednesday said the cuts were too steep. American, led by CEO Doug Parker, could shut down Eagle - as Delta Air Lines did with its Comair subsidiary in September 2012 - and contract the flying to other regional carriers.
October 18, 2012 |
SALT LAKE CITY - A Ukrainian man, hung over from a 50-day drinking binge, said he believed that the wing of the airplane was on fire when he disrupted a Salt Lake City-bound Delta Air Lines flight and had to be wrestled to the floor by passengers, authorities allege in a criminal complaint. Federal authorities said that Anatoliy Baranovich woke up during the plane's descent, started yelling in Russian and tried to open the rear exit door, damaging the plane's fuselage. Fellow passenger Mike Riegelman, a Boston resident who was flying in first class en route to Boise, Idaho, for a business trip, said Wednesday he was torn between feeling sorry for Baranovich and being impressed by the Ukrainian's drinking prowess.
July 19, 2010
M Release: National Association of Home Builders' housing market index for July. Earnings: Crown Holdings; Delta Air Lines; IBM; Hasbro. T Release: Commerce housing starts for June. Session: Pa. House Insurance Comm., with Policy Committee, on health insurance rate increases. Earnings: JNJ; Fulton Financial W Session: Fed's Ben S. Bernanke on economic policy before Senate Banking, Housing, Urban Affairs Comm., Senate Finance Comm. on the Wall St. bailout.