July 11, 2012 |
IN THE REGION Retailer's shares fall on sales news Shares in Destination Maternity Corp. fell 19.6 percent Tuesday on news that the Philadelphia apparel retailer had notched lower-than-expected sales during the quarter ended June 30. Net sales of $138.8 million were below the low end of sales guidance of $142 million to $147 million issued on April 26. The same quarter a year earlier, sales were $146.7 million. The company issued new earnings guidance of 51 cents to 53 cents per share for the quarter, down from 57 cents to 70 cents forecast in April.
July 17, 1987 |
Until a month ago, Delta Air Lines enjoyed a national reputation, both inside the aviation industry and with the flying public, as a safe and efficiently operated company. Then the nightmare began. Although no lives have been lost, Delta pilots in five separate incidents have strayed off course and nearly hit another plane, landed at a wrong airport, landed on a wrong runway, nearly taken off into another airplane and almost dumped a loaded Boeing 767 into the sea by inadvertently shutting off its engines.
September 8, 2012 |
Who knew that the economic solution for the region's beleaguered oil refineries would arrive on a slow train from North Dakota? Delta Air Lines, the new owner of the Trainer refinery that is scheduled to reopen later this month, on Thursday became the third fuel producer in the Philadelphia area to announce plans to bring in crude oil by rail from the Bakken oil field in the upper Midwest. Edward Bastian, the airline's president, told an investor conference in New York that Delta plans to replace some imported oil at Trainer with domestic crude brought in by rail.
August 1, 2003 |
In an unusual settlement, the federal Transportation Security Administration has agreed to apologize to a passenger and change training policies after federal air marshals arrested the man in Philadelphia last year. The agency, accused of racial profiling, also agreed to pay $50,000 to the passenger, Bob Rajcoomar, under a settlement disclosed yesterday of his lawsuit stemming from the arrest aboard Delta Air Lines Flight 442. Experts in federal law and the Transportation Security Administration's history called the settlement an extraordinary admission by the agency and a highly unusual disclosure under federal tort law. "They're basically saying, 'You caught us,' " said Andrew Thomas, a private security analyst who closely follows the agency.
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.
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.
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.