Business News Archive - December 21, 2008

HOUSTON, Dec. 21 /PRNewswire-FirstCall/ Continental Airlines (NYSE: CAL) tonight confirmed that flight 1404, a Boeing 737-500 aircraft carrying 110 customers and five crew members, went off the runway at Denver International Airport following a scheduled 6 p.m.

United Airlines has warned it may seek to lay off 250 U.S. flight attendants next month, the attendants' union says. The Association of Flight Attendants said United will decide by Jan. 9 if additional job cuts are warranted, the Chicago Tribune reported Sunday.

SEATTLE, Dec. 21 /PRNewswire-FirstCall/ -- Alaska Airlines has canceled about half its flights today to and from Portland, Ore., and Seattle due to severe winter weather that is limiting its operations.

A U.S. law that will require toy makers to pay for independent lab testing of their products has some companies rethinking business in the United States. The German toy maker Selecta, for example, is preparing to pull out of the U.S.

National City Bank stockholders say they are upset by the bank's probable sale to PNC Financial Services Group Inc.

Boeing's Dreamliner could help the U.S. aircraft company weather the industry's downturn, analysts say. The Seattle Times reported Sunday that the U.S.

SEATTLE, Dec. 21 /PRNewswire/ -- Alaska Airlines and Horizon Air announced they have suspended service to and from Portland, Ore., and Seattle for remainder of the day due to severe winter weather and deteriorating conditions at both airports.

A former accountant for the German engineering giant Siemens from 2002 to 2006 says he oversaw an annual bribery budget of about $40 million to $50 million. Accountant Reinhard Siekaczek said the money was used to curry favor with leaders around the world.

Word of the Day
  • A handkerchief.
  • Specifically— The legendary sweat-cloth; the handkerchief of St. Veronica, according to tradition miraculously impressed with the mask of Christ; also, the napkin about Christ's head (Johu xx. 7).
  • In general, any miraculous portrait of Christ.
The word 'sudarium' comes from a Latin word meaning 'a handkerchief'.