UAL Gets Extension of Court Exclusivity
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A bankruptcy court judge on Friday  granted United Airlines UALAQ.OB another 30-day extension to  file its reorganization plan.
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UAL Corp., the bankrupt parent of United Airlines, on Wednesday said it would reduce U.S. flights and increase capacity on more lucrative international routes, in keeping with its aggressive cost-cutting efforts.
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CHICAGO  - Bankrupt United Airlines is seeking another two billion dollars in labour savings from its workforce, according to papers filed with a US district bankruptcy court.
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United Airlines on Friday said it has  agreed with its creditors' committee to a 30-day extension,  subject to court approval, of the period during which it can  exclusively file a bankruptcy reorganization plan.
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Deadline extended while the software maker waits for a ruling in Justice Department's antitrust case.
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United Airlines says it&#39;ll need even more labor cuts than anticipated to get out of bankruptcy. United told a bankruptcy court judge in Chicago today that it intends to start talks with unions next month on a new round of cost savings.
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(InfoWorld) - The U.S. Department of Justice (DOJ) and Microsoft filed formal paperwork Wednesday to extend part of an antitrust judgment against the company for at least two years. The extension of U.S. District Court Judge Colleen Kollar-Kotelly's November 2002 antitrust settlement would give Microsoft more time to complete work on technical documentation for licensees of its communications protocols. The DOJ and Microsoft filed a joint request Wednesday for Kollar-Kotelly to approve the extension, which the DOJ proposed in May. The antitrust order had been scheduled to expire in November 2007. If the judge approves the two-year extension, the DOJ and 17 state plaintiffs in the antitrust case can ask for an additional three-year extension if they still have complaints about Microsoft documentation. Microsoft has said it will not oppose a second extension. Under the settlement, Microsoft is required to license the communication protocols to other IT vendors interested in developing server software that works with Microsoft's Windows operating system. But as of May, hundreds of bugs in the technical documentation remained. A technical committee working with the antitrust plaintiffs identified 575 bugs in the technical documentation as of Feb. 8. By March 16, Microsoft had whittled the bugs identified by the technical committee down to 307, but the number of high-priority bugs grew from 68 to 71 in that period. By May 8, the number of high-priority bugs with a 60-day deadline grew to 79, and the total number of bugs identified by the technical committee was 414.
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A U.S. bankruptcy court judge on Friday  granted United Airlines another 30 days of exclusivity, giving  it until the end of September to file its own reorganization  plan without competing plans from creditors.
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A federal bankruptcy judge on Friday  agreed to consider a motion by United Airlines UALAQ.OB to  cancel its union contracts to save $725 million a year.
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UAL Corp. (UALAQ.OB: Quote, Profile, Research) , the bankrupt parent of United Airlines, on Wednesday said it would reduce US flights and increase capacity on more lucrative international
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Shares in United Airlines' parent company, UAL Corp., rose yesterday following a published report that it has retained Goldman Sachs Group Inc. to explore strategic options, including possible mergers with other carriers.
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A federal bankruptcy judge agreed on  Friday to consider a motion by United Airlines UALAQ.OB to  cancel its union contracts to save $725 million annually.
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A federal bankruptcy court judge on Friday gave United Airlines another 30 days to come up with a restructuring plan, but he warned the airline and its warring unions
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UAL Corp , parent of United Airlines, said on Wednesday it expects its unit revenue to increase in the fourth quarter helped by capacity reductions on North American routes.
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UAL Corp. on Monday won court approval  for wage cuts for United Airlines' pilots and flight attendants  worth $311 million annually, clearing a hurdle in its bid to  exit bankruptcy protection.
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US Airways Group Inc. UAIRQ.OB has  given its machinists, flight attendants and ground workers  until the middle of November to reach long-term concession  agreements or the bankrupt airline will seek court approval to  throw out their contracts, court documents show.
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Pilots at UAL Corp. UALAQ.OB,  parent  of bankrupt United Airlines, on Thursday overwhelmingly  ratified a new contract which will allow the airline to cut  wages and get rid of traditional pensions but will give the  pilots future financial concessions.