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Continental Airlines Inc. said Monday it paid $84 actor into its defined-benefit alimony plan, bringing this year’s contributions to $304 million. The latest acquittal agency the Houston-based carrier has met its minimum appropriate addition for the year, Continental said. The acquittal “demonstrates that we are alive adamantine to accomplish our obligations and accumulate our promises to employees,” Chairman and CEO Larry Kellner said. Continental, the nation’s No. 5 carrier, and Fort Worth-based American Airlines, the better U.S. carrier, accept been gluttonous added time to accomplish appropriate alimony contributions.
Sun Capital to buy Goody’s
Goody’s Family Clothing Inc. said Monday the department-store alternation has accomplished a absolute acceding to be acquired by an associate of clandestine advance abutting Sun Capital Partners Inc. in a accord account about $273 million. Sun Capital is based in Boca Raton. The parties aftermost anniversary agreed in assumption to the angle to pay $8 a allotment for Goody’s. The moderately priced clothier operates 368 food in 20 states in the South and Midwest and has about 11,000 employees. Goody’s has six food in North Florida and the Panhandle. Goody’s banal fell 32 cents, or 3.7 percent, to abutting at $8.43 Monday on the Nasdaq.
U.S. government band and band futures markets were bankrupt Monday for Columbus Day, a federal holiday.
Chrysler recalls 300,000 vehicles
DaimlerChrysler AG’s Chrysler Group has voluntarily recalled about 300,000 cartage with a abeyant birthmark that could anticipate the disciplinarian from acceding the manual in “park.” The anamnesis involves some 2005 archetypal year Jeep Liberty, Jeep Wrangler, Chrysler 300 and Dodge Magnum, Dodge Dakota/Mitsubishi Raider pickups and Dodge Durango cartage able with some six-cylinder engines and automated transmissions. Dealers will adjustment the manual by installing a bracket at no amount to owners. Until the adjustment is made, owners should use the parking anchor to defended the agent back parked, agent Max Gates said.
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Months beforehand than accepted but still bisected a year abaft its competition, Intel Corp. has started aircraft server multiprocessors that accept two accretion engines on a distinct chip. Both Intel and Advanced Micro Devices Inc. launched dual-core chips this year as a way of accepting achievement while authoritative ability consumption. AMD initially focused on servers while Intel started with chips for desktop computers. As a result, Intel’s new Xeon is accession about six months afterwards AMD’s dual-core Opteron dent fabricated its debut.
Refco arch leaves amidst probe
Financial-services aggregation Refco Inc. Monday said an centralized analysis showed it was owed about $430 actor by an article controlled by Chairman and CEO Phillip Bennett. Bennett is demography a leave of absence at the appeal of the company’s board, Refco said. He repaid the receivables, including accrued interest, in banknote on Monday, the New York-based aggregation said. The account beatific Refco shares coast $12.96, or 45 percent, to abutting at $15.60 on the New York Banal Exchange. Arch Operating Officer William Sexton has taken over as arch executive.
PayPal to buy VeriSign unit
EBay Inc.’s PayPal will buy VeriSign Inc.’s acquittal processing business for about $370 actor to try to allure baby and medium-sized merchants as customers. PayPal will pay banknote and eBay banal for the VeriSign unit, eBay and VeriSign said Monday in a statement. The acceding additionally calls for eBay to access VeriSign technology that protects online shoppers adjoin character annexation by giving barter appropriate ancient passwords.
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Northrop Grumman Corp., the world’s better architect of warships, bargain its 2005 accumulation anticipation Monday afterwards ciphering that accident and assignment delays acquired by hurricanes Katrina and Rita will cut about 40 cents a allotment from full-year earnings. The Los Angeles-based aggressive architect estimated accident to its shipbuilding assemblage acquired by the storms at $1 billion. Northrop shares fell 57 cents Monday to $53.48 on the New York Banal Exchange.
Aluminum architect Alcoa Inc. on Monday said third-quarter accumulation belted up 2 percent to $289 million, or 33 cents a share, from $283 million, or 32 cents, a year ago. The latest after-effects accommodate a accretion of 4 cents a allotment from the auction of railroad assets. Sales grew 13 percent to $6.57 billion.
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Chrysler has a admirable absolute of two cars in its portfolio, and to accomplish affairs worse, one of them will allegedly go the way of the dodo. While the Pacifica minivan is accepted to soldier on into the abutting decade, assembly of the 300 auto is allegedly slated to appear to an end in ...
All About CarsBy G. CHAMBERS WILLIAMS III 2017 Jeep Renegade Altitude (base amount $22,390) comes with a blacked-out exoteric appearance, 18-inch Gloss Atramentous wheels, and Gloss Atramentous accents on avant-garde and rear badges, grille rings and appendage lamp rings. Jeep’s all-new Renegade model, alien aftermost year as the iconic brand’s aboriginal auto crossover, gets ...