Saturday, July 12, 2008

Fuel and goodwill costs push UAL Corp. towards $2.7 billion in Q2 ... - Bizjournals.com


Charges help sink shares of United
Chicago Tribune, United States - 6 hours ago
By James P. Miller | Chicago Tribune reporter UAL Corp. shares sank Friday after the United Airlines parent said that second-quarter results will be hurt by ...

United offers buyouts to 400
Indianapolis Star, United States - 6 hours ago
Chicago » United Airlines, the world's second-largest carrier, offered voluntary buyouts to ramp workers and customer-service employees to trim as many as ...

UAL Plans Large Accounting Charges
New York Times, United States - 11 hours ago
By AP United Airlines’ parent, the UAL Corporation, said in a regulatory filing Friday that it would record $2.6 billion to $2.7 billion in accounting ...

United Airlines and union reach deal for buyouts
BusinessWeek - 13 hours ago
United Airlines, a unit of UAL Corp., said Friday it has reached a deal with the International Association of Machinists to offer early retirement packages ...

United Airlines, machinists union agree on 'early out' plan for ...
Forbes, NY - 14 hours ago
SAN FRANCISCO (Thomson Financial) - UAL Corp.'s United Airlines late Friday said it has reached an agreement with the International Association of ...

UPDATE 1-UAL plans up to 400 additional job cuts
Reuters - 14 hours ago
WASHINGTON, July 11 (Reuters) - UAL Corp (UAUA.O: Quote, Profile, Research), parent of United Airlines, plans to eliminate up to 400 more jobs as it ...

UAL to post $US2.7b cost on writedown
Sydney Morning Herald, Australia - 14 hours ago
United Airlines parent UAL will record second-quarter costs of as much as $US2.7 billion to reduce the value of all its assets and pay employee severance. ...

United to take up to $2.7B in charges on fuel, goodwill costs
Bizjournals.com, NC - 15 hours ago
UAL Corp., the parent company of United Airlines, said Friday it would take a non-cash charge in the second quarter of up to $2.7 billion. ...

United Airlines, Machinists Union Reach Deal
Wall Street Journal - 15 hours ago
By ANDREW EDWARDS UAL Corp.'s United Airlines has reached an agreement with the International Association of Machinists (IAM) in which 400 older employees ...

UAL Corp. to record $2.6B to $2.7B in 2Q charges
BusinessWeek - 15 hours ago
United Airlines parent UAL Corp. said it will record $2.6 billion to $2.7 billion in accounting charges in the second quarter, according to a regulatory ...

UAL Stock Tumbles On Warning Over Charges
Wall Street Journal - 16 hours ago
By SUSAN CAREY Shares of United Airlines parent UAL Corp. plunged 15% Friday to hit a new 52-week low after the carrier said it plans to take second-quarter ...

UAL Skids To Low, Push-Me/Pull-Me At Chevron, Nymex Bid Shrinks
Barron's Blogs - 20 hours ago
It’s hard to imagine there was a time when the equity market’s perception of the value of United Airlines’ parent UAL (UAUA) exceeded its asset value by ...

UPDATE 1-UAL sees second quarter charges near $2.7 billion
Reuters - 22 hours ago
CHICAGO, July 11 (Reuters) - UAL Corp (UAUA.O: Quote, Profile, Research), parent of United Airlines, said on Friday it plans to take $2.6 billion to $2.7 ...

UAL to Post $2.7 Billion Cost on Writedown, Severance (Update2)
Bloomberg - 22 hours ago
By Mary Schlangenstein July 11 (Bloomberg) -- United Airlines parent UAL Corp. will record second-quarter costs of as much as $2.7 billion to reduce the ...

United to take $2.7 billion in 2Q charges
Chicago Tribune, United States - 23 hours ago
UAL Corp. expects its second-quarter financial results to be affected by several noncash accounting charges totaling $2.6 billion to $2.7 billion. ...

United Air Parent UAL to Have $2.7 Billion in 2nd-Quarter Costs
Bloomberg - 23 hours ago
By Mary Schlangenstein July 11 (Bloomberg) -- United Airlines parent UAL Corp. will record costs of as much as $2.7 billion when it reports second- quarter ...

UAL Corporation Announces Date of Second Quarter 2008 Earnings ...
FOXBusiness - Jul 10, 2008
CHICAGO, July 10, 2008 /PRNewswire-FirstCall via COMTEX/ ----UAL Corporation (Nasdaq: UAUA), the holding company whose primary subsidiary is United Airlines ...

UAL plans 400 lay offs, Shares sink on Charges
The Money Times, India - 2 hours ago
by Samia Sehgal - July 12, 2008 - 0 comments UAL Corp., parent of United Airlines, plans to axe 400 more jobs, by offering early retirement packages to ...

UAL sees Q2 charges of $2.6 Bln to $2.7 Bln
Trading Markets (press release), CA - 13 hours ago
(RTTNews) - UAL Corp. (UAUA | Quote | Chart | News | PowerRating), parent of United Airlines, said in a regulatory filing Friday it expects to record ...

Carriers React To Higher Fuel Costs
AviationNews.net, VA - 13 hours ago
United said on Friday it plans to take $2.6 billion to $2.7 billion in charges against second-quarter earnings due to "record-high fuel prices and the ...

UAL Corp. to record $2.6B to $2.7B in 2Q charges
WTHI, IN - 18 hours ago
AP - July 11, 2008 2:54 PM ET CHICAGO (AP) - Chicago-based United Airlines' parent company says it will record $2.6 billion to $2.7 billion in accounting ...

Glitches mar Apple's iPhone debut - CNNMoney.com


iPocalypse now: The perils of event marketing
CNNMoney.com - 1 hour ago
The upside of simultaneously launching four major products — the iPhone 3G, the App Store, iPhone firmware 2.0 and MobileMe — in more than 20 countries ...

Activation glitches, an overhwelmed iTunes don't slow iPhone purchases
MLive.com, MI - 3 hours ago
Press Photo/Adam BirdMichael McDermott takes the payment pad to sign for his new iPhone late Friday morning at the Apple Store in Woodland Mall. ...

Crush of traffic stymies Apple iPhone 3G debut
Detroit Free Press, United States - 3 hours ago
BY MIKE WENDLAND • FREE PRESS COLUMNIST • July 12, 2008 What should have been a spectacular day for Apple had a pretty shaky start Friday. ...

Long lines, network problems mar debut of Apple's enhanced iPhone
San Diego Union Tribune, United States - 3 hours ago
By Jonathan Sidener An iTunes network meltdown took the shine off Apple's much-anticipated worldwide release of its upgraded iPhone yesterday. ...

iFiasco: Phone launch flawed
Chicago Sun-Times, United States - 4 hours ago
BY KEVIN ALLEN kjallen@suntimes.com Excitement gave way to frustration Friday morning when hundreds of people who waited in line at the Michigan Avenue ...

'Worth the wait'
San Jose Mercury News,  USA - 4 hours ago
By John Boudreau Lines for what the faithful call the "Jesus phone" started forming early Friday outside Apple Stores from Silicon Valley to Hong Kong, ...

Crush of new iPhone owners puts iTunes store on mute
Ottawa Citizen,  Canada - 4 hours ago
Howls of frustration drowned out whoops of joy yesterday when the global launch of the new 3G iPhone descended into chaos. What should have been a day of ...

For Apple, a taste of humble pie
Boston Globe, United States - 5 hours ago
About 50 people were outside the Apple store on Boylston at 6 am yesterday awaiting the 8 am opening to purchase the new iPhone. (George Rizer/Globe Staff) ...

Widespread iPhone hangups at 3G launch
Seattle Times, United States - 6 hours ago
Customers who lined up early Friday for a new iPhone 3G were expecting to walk away making calls and surfing the Web on the hot new mobile. ...

Brier Dudley Really cool advances of iPhone 3G are subtle
Seattle Times, United States - 6 hours ago
Excerpts from the blog After spending Friday morning playing with an iPhone 3G, I can see why Apple enthusiasts lined up again for Steve. ...

New iPhone?
Hartford Courant, United States - 6 hours ago
As at other stores, Apple technicians at Westfarms ran into problems trying to activate phones using the company's iTunes software. ...

LIers flock to stores to buy latest Apple iPhone
Newsday, NY - 6 hours ago
Hundreds of Long Islanders lined up to purchase Apple's latest iPhone released Friday, as overburdened servers prevented some buyers from using the phones ...

AN IPHONE FLURRY
Chicago Tribune, United States - 6 hours ago
A day intended to celebrate a second coming-out party for the world's most-talked-about phone turned into a frustrating snarl of glitches and shortages for ...

Apple bruised by rotten start for iPhone 3G
Indianapolis Star, United States - 6 hours ago
I'm no Apple fanboy (or fangirl, as it were). I don't expect perfection. But I certainly didn't expect the kind of chaos and seeming lack of preparation ...

Apple iPhone 3G is a hit here, at least
Indianapolis Star, United States - 6 hours ago
By Erika D. Smith Computer servers slowed and tempers flared around the world, but customers in Central Indiana escaped many of the problems that ...

AT&T server hangs up on newest iPhones
Salt Lake Tribune, United States - 7 hours ago
By Dawn House An AT&T sales consultant, left, transfers information from Buz Richmond's old cell phone onto his new iPhone 3G just after 8 am Friday. ...

Apple Bumbles its iPhone 3G Launch
TIME - 7 hours ago
A customer looks at a new Apple iPhone 3G at the Apple retail store in Regent Street, London. Sang Tang / AP Anticipation quickly turned to frustration on ...

Hang-ups mar iPhone 3G debut
Houston Chronicle, United States - 7 hours ago
By BRAD HEM Technical glitches with activating Apple's iPhone 3G dampened spirits for some of the hundreds of eager buyers who waited hours in line before ...

Setup problems plague Apple's new iPhone
San Francisco Chronicle,  USA - 8 hours ago
(07-11) 11:40 PDT SAN FRANCISCO -- The second coming of Apple's iPhone turned into a customer service fiasco Friday, when some of Apple's most loyal ...

Busy signal for new iPhone launch
Minneapolis Star Tribune, MN - 8 hours ago
Although Apple didn’t release the new iPhone until 8 am Friday, people were lined up at Ridgedale Mall at 4:45 am As for the glitches? ...

Some IPhone Fans Stay Camped Out After Day of Delays, Sellouts
Bloomberg - 8 hours ago
By Connie Guglielmo July 12 (Bloomberg) -- Apple Inc.'s new iPhone 3G drew tens of thousands of buyers in cities from Tokyo to New York yesterday, ...

Your Money How Fallout Could Affect Main Street - New York Times


IndyMac in third largest bank collapse in US history
Belfast Telegraph, United Kingdom - 3 hours ago
A major American mortgage lender is at the centre of the third largest banking failure in US history. Federal banking regulators have stepped in to take ...

US mortgage bank IndyMac goes under, victim of credit crisis - Monsters and Critics.com


Boston Globe

US mortgage bank IndyMac goes under, victim of credit crisis
Monsters and Critics.com - 45 minutes ago
Washington - The assets of California-based US mortgage bank IndyMac were seized by US federal regulators as the bank became the second largest financial institution in the country to fail in the country's history.
Regulators Seize Mortgage Lender New York Times
IndyMac Seized by US Regulators; Schumer Blamed for Failure Bloomberg
Reuters - Los Angeles Times - The Associated Press - CNNMoney.com
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Fannie Sinks, Freddie Recovers in Biggest Trading Day on Record - Bloomberg


Bernanke tells Freddie discount window open: sources
Reuters.fr, France - 8 hours ago
By Patrick Rucker WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke told Freddie Mac (FRE.N: Quote, Profile , Research) chief Richard Syron that ...

* Freddie, Fannie say they are adequately capitalized
guardian.co.uk, UK - 9 hours ago
By Mark Felsenthal and Alister Bull WASHINGTON, July 11 (Reuters) - Fannie Mae and Freddie Mac said on Friday that their finances were sufficiently sound to ...

Bernanke tells Freddie discount window open: sources
Reuters - 9 hours ago
By Patrick Rucker WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke told Freddie Mac chief Richard Syron that his company and Fannie Mae could ...

Fannie, Freddie Deny Liquidity Problems
FOXBusiness - 10 hours ago
Aiming to fight off market fears of insolvency, Fannie Mae and Freddie Mac issued statements late Friday insisting they have adequate capital. ...

Need to know: Sellafield £6.75bn clean up ... HSBC at top ... GE ...
Times Online, UK - 11 hours ago
US President George W. Bush was forced to wade into the turmoil surrounding Freddie Mac and Fannie Mae, the lenders that underpin America’s entire debt ...

Fannie, Freddie Say Capital Cushion Is Substantial (Update1)
Bloomberg - 12 hours ago
By Dawn Kopecki July 11 (Bloomberg) -- Fannie Mae and Freddie Mac, the largest US mortgage-finance companies, defended their finances and said they have ...

Commentary: If the market thinks it will happen, it likely will
Reuters - 13 hours ago
(Tomi Kilgore is managing editor, TFN - North America, a Thomson Reuters market news service. The opinions expressed here are his own. ...

Freddie, Fannie say they exceed capital requirements
MarketWatch - 13 hours ago
By Wallace Witkowski , , ) said Friday they are both over their capital surplus requirements as mandated by the Office of Federal Housing Enterprise ...

Stocks gyrate on fears over US mortgage giants; oil spikes to $147
USA Today - 13 hours ago
Wall Street's summer thrill ride — the Fannie & Freddie Free-Fall Big Dipper — finally came to screeching halt in the red for the day and the week. ...

Fed Says No Talks With Fannie, Freddie About Loans (Update1)
Bloomberg - 13 hours ago
By Scott Lanman July 11 (Bloomberg) -- The Federal Reserve has not had any discussions with Fannie Mae and Freddie Mac about access to direct loans from the ...

Cash Needed: Where Will Fannie, Freddie Find Capital?
Forbes, NY - 13 hours ago
Last year, and earlier this year, sovereign wealth funds were flocking to make investments in banks needing capital. But now, many have lost a bundle on ...

FOREX-Dollar falls as credit woes cut Fed rate hike chances
Reuters - 14 hours ago
By Lucia Mutikani NEW YORK, July 11 (Reuters) - The dollar fell broadly on Friday as persistent worries about the stability of two US mortgage finance ...

Fed says discount window not discussed with GSEs
Reuters UK, UK - 14 hours ago
WASHINGTON (Reuters) - The Federal Reserve said on Friday that it had not discussed access to its emergency discount window with government-sponsored ...

Fed: No Talks on Discount-Window Access for GSEs
Wall Street Journal Blogs, NY - 14 hours ago
Federal Reserve officials haven’t discussed discount-window access with government-sponsored enterprises Fannie Mae and Freddie Mac, a Fed spokeswoman said ...

Fannie Mae, Freddie Mac May Gain Access to Fed Cash, Dodd Says
Bloomberg - 14 hours ago
By Steve Geimann July 11 (Bloomberg) -- Fannie Mae and Freddie Mac may have several options for capital and liquidity, including gaining access to the ...

As bank lending contracts, economy faces test
MarketWatch - 15 hours ago
By Rex Nutting, MarketWatch WASHINGTON (MarketWatch) - The crisis of confidence in mortgage lenders Fannie Mae and Freddie Mac comes at a very inopportune ...

US RATE FUTURES-Pricing bigger chance for Fed hikes
Reuters - 15 hours ago
CHICAGO, July 11 (Reuters) - US short-term interest rate futures turned lower on Friday, pushing up the implied chance for Federal Reserve rate hikes late ...

REFILE-US STOCKS-Market trims losses on GSE discount window
Reuters - 15 hours ago
NEW YORK, July 11 (Reuters) - US stocks trimmed Friday's earlier losses after a source familiar with a conversation between Fed Chairman Ben Bernanke and ...

Fed can lend to just about anyone
MarketWatch - 15 hours ago
By MarketWatch WASHINGTON (MarketWatch) -- Shares of Fannie Mae and Freddie Mac bounced higher Friday afternoon on a report that the companies had been ...

Freddie shares reverse course, briefly positive
MarketWatch - 15 hours ago
By John Spence , , ) shares staged a dramatic recovery and were up for the session briefly in afternoon trade. The stock was up more than 1% at last check, ...

Fannie, Freddie, Meet the Bernanke Put
Wall Street Journal Blogs, NY - 16 hours ago
This changes things. Shares of Freddie Mac are now in positive territory, after Reuters reported that Federal Reserve Chairman Ben Bernanke told Freddie ...