Business & Economy

Bumpy ride

Business | Pilots at U.S.
by Dan Perkins
Posted 10/16/04, 12:00 am

What do you do when your company is on the verge of extinction, but you've already conceded twice to your employer's cost-cutting demands with no apparent reward?

That's the situation facing approximately 3,000 pilots at US Airways. Already in bankruptcy protection, the nation's seventh-largest airline has warned that it could be forced to liquidate by February if it doesn't receive a 23 percent pay cut from all of its union workers.

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Drug deal

Business | Drug stocks have dipped 5.2 percent this year based largely on concerns about Democratic hopeful John Kerry's prescription-drug platform
by Dan Perkins
Posted 10/02/04, 12:00 am

The presidential campaign has Wall Street worried about the future earnings potential of pharmaceutical companies, causing drug stock prices to fall slightly in advance of the election.

A fund that tracks the value of about 20 drug stocks has dipped 5.2 percent this year based largely on concerns about Democratic hopeful John Kerry's prescription-drug platform.

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Outpacing Europe

Business | Manufacturers across the European Union have cut payrolls for 39 consecutive months
by Dan Perkins
Posted 9/18/04, 12:00 am

An estimated 1.7 million jobs have been created in the United States in the past year, lowering the jobless rate to 5.6 percent, but Europe continues to struggle with high unemployment and a jobless economic recovery.

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