United &#39;likely&#39; to end pensions
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For the first time, United Airlines has acknowledged that it is &quot;likely&quot; to terminate its pension plans, a move the carrier said it needs to attract financing to emerge from bankruptcy.
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Man United is to ask the Takeover Panel to clarify its position over a potential offer from Malcolm Glazer.
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The board of English football giants Manchester United announced it had ended talks with US sports tycoon Malcolm Glazer, saying his takeover proposal risked leaving the club mired in debt.
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United Airlines, which has said it  plans to miss nearly $500 million in pension contributions this  fall, said in bankruptcy court papers it likely will be  necessary to cancel and replace all of its pension plans.
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Manchester United plan to sit down with their two biggest shareholders and put an end to months of speculation over the ownership of the world's richest soccer club.
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The leaders of United Airlines pilots union have agreed to accept a 15 percent pay cut and not oppose the elimination of their pension plan, setting a precedent
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United Airlines' creditors have joined the federal government in opposing a deal in which United would terminate its pilots' pension plan.
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WASHINGTON : Bankrupt United Airlines has agreed to appoint an independent party to manage its employee pension funds prior to September 15 in an agreement with the US Labor Department.
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CHICAGO - A federal bankruptcy judge has given United Airlines a 30-day "test period" to show it can cooperate with its unions on a restructuring plan, rejecting union calls to open the process up to rival proposals immediately because United has not tried hard enough to preserve employee pensions.    The hearing came a day after the release of court papers in which United warned it "likely" will have to terminate those pension funds in order to secure the loans it needs to emerge from Chapter 11 bankruptcy...
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United Airlines, which has said it  plans to skip nearly $500 million in pension contributions this  fall, said in bankruptcy court papers it likely will have to  cancel and replace all of its pension plans.
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Discussions over British Airways' pension deficit could collapse, the T&G union warns.
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United Airlines parent UAL Corp. and leaders of its pilots union have agreed on a deal under which the pilots will not oppose termination of their pension plan but will receive a $550 million note convertible into company stock when the airline emerges from bankruptcy protection.
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CHICAGO - United Airlines would be within its rights to terminate its employee pension plans but hasn't yet decided to do so, an attorney for the carrier said Friday, as two unions urged a judge to block a financing plan they say is predicated on the airline halting fund contributions.    The hearing came a day after the release of court papers in which United warned it "likely" will have to end those pension funds in order to secure the loans it needs to get out of bankruptcy...
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Manchester United&#39;s plc board on Monday confirmed that they have received a &#39;preliminary approach&#39; regarding a &#39;possible offer&#39; for the company.
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Chicago, IL, Aug. 19 (UPI) -- A spokesman for the International Association of Machinists says the union will fight if Chicago&#39;s United Airlines tries to terminate all its pension plans.
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The airline's plan to emerge from bankruptcy may include canceling its pension plans.
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WASHINGTON - One of the world&#39;s richest sports franchises, Britain&#39;s Manchester United soccer club, may be taken over by an American, the club confirmed yesterday.