Business |
7:00AM, July 4
The warnings from politicians and the unions were dire: Raise interest rates and it will hurt the economy and jobs. European Central Bank President Jean-Claude Trichet paid them no heed Thursday as the bank raised its benchmark rate a quarter of a percentage point.The move made it clear that Trichet thinks inflation is the real threat, not slower growth.
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Passengers boarding Delta airplanes started hearing something different this week. No, not the sound of passengers trying to jam their stuffed suitcases into the overhead compartments to avoid baggage fees, but a new music playlist, put together by Pasadena-based branding agency
DMI Music
& Media Solutions.On the boarding soundtrack?
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A billion-dollar court clash between old- and new-media giants took on unexpected privacy ramifications this week when a federal judge ordered YouTube to hand over the log-on names and Internet addresses of every person who had viewed material on the Web’s top video site – tens of millions of people. Viacom Inc.
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Business |
7:00AM, July 4
A judge has ordered Continental Airlines and five people to stand trial on manslaughter charges in the 2000 crash of a Concorde jetliner that killed 113 people, a prosecutor said Thursday. French investigators say the crash was caused in part by a titanium strip that dislodged from a Continental Airlines
DC-10 and was lying on the runway as the supersonic Concorde took off.
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As Pro-Temp Inc. grapples with its slowest period in eight years, co-owner Cal Van Hemert has started snipping away at expenses at the heating, cooling and refrigeration service company in Holland, Mich.
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Business |
12:00AM, July 4
NEW YORK – Don’t bother hitting the
ATM before boarding your flight – your airline may no longer be accepting cash. Starting Aug.
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The kitchen remodel on your Bel Air mansion isn’t quite finished. You’re sick of the construction crews, the dust, the noise.
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In another blow to passengers who use Los Angeles International Airport, Delta Air Lines said Thursday it was ending nonstop service to 13 cities from
LAX including flights to Seattle, Portland and Phoenix. The flights to be halted are operated by ExpressJet Airlines under a contract that Delta said would end Sept.
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Business |
12:00AM, July 4
NEW YORK – Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation’s services sector and a tame reading on employment. The Dow Jones industrial average showed a sizable advance, while the broader indexes ended mixed.
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Faced with sticker shock at airports and gas pumps, fewer Americans are expected to travel over this Fourth of July holiday weekend, marking the first such decline this decade. But the surge in families deciding to stay closer to home, coupled with bargain-hunting foreign visitors, is translating into a surprising boon for Southern California’s tourism industry.
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