Northwest strike hits business travelers

Article Abstract:

Northwest Airlines' two-day old pilots strike will have a greater impact as workers in its dominant market go back to work with little travel alternatives. The pilots strike, which began during the week of August 23-30, 1998, has shown little chance for a fast resolution. Since the strike began on August 29, 1998, neither side had engaged in negotiations with each other. Federal mediator Maggie Jackson stated that she did not plan to ask President Clinton to intervene in the strike.

Comment:

Two-day old pilots strike will have a greater impact as workers in its dominant market go back to work with few travel choices

Labor force information, Company Planning/Goals, Scheduled Airlines, Scheduled Air Transportation, Airlines, Northwest Airlines Inc., Article

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Caterpillar net slid 33% in 4th period on construction-equipment price cuts

Article Abstract:

Even though sales of its heavy equipment and diesel engines rose a little, 4.1%, net income fell 33% in Caterpillar Inc.'s fourth quarter. The Peoria-based firm also predicts lower profits for the whole year ahead. The company cites competitive pricing as the predominant reason.

Comment:

Competitive pricing is hard on firm's bottom line

Sales, profits & dividends, Construction machinery, Construction Machinery Manufacturing, Finance, Abstract, Caterpillar Inc., CAT, Construction equipment

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