Business News Archive - August 29, 2007
Northwest Airlines Joins IAM National Pension Plan and Completes Initial Post-Restructuring Contributions to Employees' Retirement Savings
Northwest Airlines (NYSE:NWA) joined the International Association of Machinists and Aerospace Workers' (IAM) National Pension Plan by making its first employer contribution, $3,314,623, on behalf of the airline's IAM-represented employees.
Word of the Day
- The abrogation of a law by a higher authority; annulment.
- In music, during the eighteenth century, a song or an instrumental piece similar to the serenade, intended for performance in the open air.
The word 'cassation' comes from the French 'cassation', from Latin 'casso' ("destroy, annul").