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Latest Douglas Steenland Stories

2009-07-05 14:00:00

AUBURN HILLS, Mich., July 5 /PRNewswire/ -- Chrysler Group LLC announced the appointment of additional members to its Board of Directors, completing the nine-member Board that will provide oversight to the Chrysler Group. "The formal creation of our Board of Directors is another important step toward building a viable Chrysler Group for the long term," said C. Robert Kidder, acting Chairman of the Board which is expected to hold its first meeting on July 29. "Our board members bring a...

2008-10-23 09:00:23

Northwest Airlines has reported a net loss of $317 million or $1.20 per share in the third quarter of 2008, compared to net income of $244 million or $0.93 per share in the third quarter of 2007. The net loss includes a $410 million non-cash charge associated with marking-to-market out-of-period fuel hedges. Excluding this charge, Northwest has reported an adjusted net income of $93 million or $0.35 per share, compared to an adjusted net income of $232 million, excluding charges, in the...

2008-10-14 18:00:15

Northwest Airlines (NYSE: NWA) will conduct a live audio webcast of its conference call with the financial community and news media on Wednesday, October 22, 2008 at 11:00 a.m. EDT to discuss the company's third quarter 2008 financial and operating results. The webcast can be accessed at http://ir.nwa.com. The webcast replay will be available through October 29, 2008. Northwest Airlines is one of the world's largest airlines with hubs at Detroit, Minneapolis/St. Paul, Memphis, Tokyo...

2008-09-25 12:00:29

Stockholders at the Northwest Airlines Corporation (NYSE: NWA) 2008 Annual Meeting in New York City today overwhelmingly voted in favor of the proposed merger with Delta Air Lines. As of July 31, 2008, the record date for the vote, there were 253,349,623 shares of Northwest common stock outstanding and entitled to vote at the annual meeting. More than 98 percent of the shares voted supported adopting the merger agreement. "This is a resounding vote of confidence by shareholders for our...

2008-07-24 09:00:50

By Katherine Yung, Detroit Free Press Jul. 24--The head of Northwest Airlines predicted Wednesday a smooth integration with Delta Air Lines and said the merger is on track to close in the fourth quarter. "This is going to set the standard for how airline mergers need to be done," Douglas Steenland, Northwest's chief executive and president, told analysts and reporters during a conference call. The two airlines have already announced a new management team for the combined carrier, which...

2008-07-15 12:00:41

ATLANTA, July 15, 2008 (PRIME NEWSWIRE) -- Delta Air Lines (NYSE:DAL) today announced to employees the senior team responsible for leading the company after the closing of its merger with Northwest Airlines (NYSE:NWA), marking another important milestone toward the successful integration of the two airlines. Delta will combine the strengths of two best-in-class airlines to create an industry-leading management team and ensure the seamless transition of Northwest's operations into Delta over...

2008-07-11 15:00:32

Northwest Airlines (NYSE: NWA) will hold its annual shareowners meeting in New York September 25th, 2008 to vote on the proposed merger between Northwest Airlines and Delta, creating America's premier global airline. The meeting will be held at the Equitable Life Building in New York, 787 Seventh Ave. New York, NY in the Equitable Auditorium. The meeting time is yet to be determined. If approved, the new combined airline will be called Delta and would provide access to more than 390...

2008-07-09 21:00:22

DETROIT _ Thanks to the rapid rise in jet fuel prices, Northwest Airlines announced Wednesday that it will start charging fees on customers' frequent flier award tickets and $15 for a passenger's first checked bag. The company also will eliminate 2,500 jobs across its operations. The airline also raised the fee for making changes to domestic, non refundable tickets from $100 to $150. The fee for changing an international ticket will increase between $50 and $150, depending on the class of...

2008-07-09 21:00:22

By Katherine Yung, Detroit Free Press Jul. 9--Northwest Airlines announced today it's eliminating 2,500 jobs and will start charging fees on customers' first checked bags and frequent flier award tickets. Starting immediately, Detroit Metro Airport's dominant carrier also plans to raise the fee for changes to domestic, non-refundable tickets from $100 to $150. The fee for changing an international ticket will increase by $50 to $150, depending on the class of service and other...

2008-06-24 09:02:58

By John Welbes, Pioneer Press, St. Paul, Minn. Jun. 24--If market fundamentals determined crude oil prices, gas would cost about half as much as it does right now, experts told Congress Monday. To get prices back in line with reality, financial experts and industry leaders -- including Northwest Airlines CEO Douglas Steenland -- are urging the government to tighten up regulation of commodities markets. Bringing fuel prices down will require a multifaceted solution, but "addressing...


Word of the Day
cruet
  • A vial or small glass bottle, especially one for holding vinegar, oil, etc.; a caster for liquids.
This word is Middle English in origin, and ultimately comes from the Old French, diminutive of 'crue,' flask.
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