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                    [Title] => Northwest taking a nosedive
                    [Summary] => Weak pricing, high fuel costs and pension obligations will most likely cause Northwest Airlines to file for Chapter 11 bankruptcy protection by June next year, credit analysts predict. According to Bear Stearns and Co. analyst David Strine, Northwest – the United States’ fourth largest airline in terms of passenger traffic –  could face near-term bankruptcy risk if air fares don’t increase and oil (prices) remains at current high levels.
                    [DatePublished] => 2005-06-28 00:00:00
                    [ColumnID] => 135725
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                    [AuthorName] => S.A. Maguire
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                    [Title] => CSC: 30% of gov’t workers face layoff
                    [Summary] => The government could reduce its 1.4-million-strong workforce by as much as 30 percent under a rationalization scheme now awaiting official approval, the civil service chief said yesterday. 


The program, worked out by the Civil Service Commission and the Department of Budget and Management, needs to be approved by the President and Congress but has been delayed by the May 10 general elections, CSC Chairman Karina David said. 


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BEAR STEARNS AND CO

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                    [ArticleID] => 283860
                    [Title] => Northwest taking a nosedive
                    [Summary] => Weak pricing, high fuel costs and pension obligations will most likely cause Northwest Airlines to file for Chapter 11 bankruptcy protection by June next year, credit analysts predict. According to Bear Stearns and Co. analyst David Strine, Northwest – the United States’ fourth largest airline in terms of passenger traffic –  could face near-term bankruptcy risk if air fares don’t increase and oil (prices) remains at current high levels.
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                    [Title] => CSC: 30% of gov’t workers face layoff
                    [Summary] => The government could reduce its 1.4-million-strong workforce by as much as 30 percent under a rationalization scheme now awaiting official approval, the civil service chief said yesterday. 


The program, worked out by the Civil Service Commission and the Department of Budget and Management, needs to be approved by the President and Congress but has been delayed by the May 10 general elections, CSC Chairman Karina David said. 


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abtest

Northwest taking a nosedive

By S.A. Maguire | June 28, 2005 - 12:00am

Weak pricing, high fuel costs and pension obligations will most likely cause Northwest Airlines to file for Chapter 11 bankruptcy protection by June next year, credit analysts predict. According to Bear Stearns and...

Business

CSC: 30% of gov’t workers face layoff

June 2, 2004 - 12:00am

The government could reduce its 1.4-million-strong workforce by as much as 30 percent under a rationalization scheme now awaiting official approval, the civil service chief said yesterday. The program, worked out...

Headlines