Morning Briefing

By Bloomberg, Reuters | St Louis Post-Dispatch (MO), November 8, 1994 | Go to article overview
Save to active project

Morning Briefing

Bloomberg, Reuters, St Louis Post-Dispatch (MO)

TWA Stock Off Market For 4th Trading Day

Trans World Airlines Inc.'s stock was off the market again Monday, marking the fourth consecutive trading day without activity.

TWA and the American Stock Exchange are discussing ways in which the airline can keep negotiations with creditors private, while still giving investors information on the talks.

TWA's stock is stuck at $1.87 1/2 a share.


Caterpillar Labor Pact Ratified

Caterpillar Inc. of Peoria, Ill., said Monday that members of the International Association of Machinists had ratified an employment contract that boosts early retirement payments, increases wages and provides for job security for the next five years.

Under the new 4 1/2-year contract, employees will receive $200 a month in early retirement increases, about $10 million in increased wages and lump-sum payments, full health-care coverage with no premiums or co-payments and guaranteed job security through 1999, the company said. Bloomberg


Sun-Times Reaches Agreement

Editorial workers at the Chicago Sun-Times on Monday reached a tentative contract agreement with American Publishing Co. Monday, avoiding a strike of 265 workers, a union representative said.

The three-year pact calls for a four percent pay hike in the first year and 2.5 percent increases in second and third years, said Shane Gericke, a representative with the Sun-Times unit of the Chicago Newspaper Guild. Reuters


Tallest Building Changing Hands

Sears, Roebuck and Co. said Monday it will transfer ownership of the 110-story Sears Tower in Chicago through a trust to a pension fund partnership managed by Aldrich, Eastman & Waltch of Boston. The deal will reduce Sears' debt by $850 million, and the company will record an after-tax gain of $195 million, or 50 cents a share, in the fourth quarter.

Completed in 1973 the tower is 1,454 feet tall, topping the World Trade Center in New York by 86 feet. The building will continue as Sears Tower and Sears will keep its headquarters there.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Cite this article

Cited article

Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited article

Morning Briefing


Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen

matching results for page

Cited passage

Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?