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August 24, 2005
The Employment
Policy Foundation
will hold a news briefing on the state of EPF employee benefits in the
American
workplace, with an overview of pension and health insurance policy and
a discussion
of other employee benefits, in Washington, D.C., today. Participants
will include
EPF President and Chief Economist Janemarie Mulvey. For more
information, contact
Mike Chittenden at (202) 789-8685,
href='mailto:mchittenden@epf.org'>mchittenden@epf.org
or visit
href='http://www.epf.org/pubs/labordayreports/2005/AWRFindings.asp'>EPF’s
site.
id='2'>Delta
Shares Hit Turbulence
Delta Air Lines
shares sank
to their lowest level Monday since analysts began tracking the stock
in 1962,
the Associated Press reported yesterday. The shares fell another 6
percent after
a memo from the company to pilots warned that cash reserves have
fallen and
that last year’s agreement seeking to avoid bankruptcy may have
to be
revisited.
id='3'>Former
Kmart Execs Charged
The Securities and
Exchange
Commission yesterday accused two former Kmart executives with
misleading investors
about the company’s financial condition before the
retailer’s bankruptcy
filing in early 2002, the Associated Press reported. The civil charges
filed
in U.S. District Court in Detroit allege that former chairman and CEO
Charles
C. Conaway and former CFO John T. McDonald were responsible for
disclosures
that were "materially false and misleading." The SEC’s
complaint
charges Conaway and McDonald with securities fraud and aiding and
abetting securities
fraud. It also accuses them of aiding and abetting violations of rules
that
require publicly traded companies to file quarterly reports and to
include material
information in the reports so they are not misleading.
href='http://www.msnbc.msn.com/id/9055419/'>Read
the full story.
id='4'>BA
Caterer to Resume Talks with Union
Airline caterer
Gate Gourmet
and its union were aiming to resume talks designed to end a dispute
that grounded
British Airways’s flights earlier this month, Reuters reported
today.
BA, Europe’s third-biggest airline, said late yesterday that it
remained
willing to sign a more generous contract with Gate Gourmet, but only
when the
caterer resolved a dispute over staff redundancies with the union.
href='http://today.reuters.com/news/newsArticleSearch.aspx?storyID=110801%2B2…'>Read
the full story.
id='5'>‘Shoemaker
to the Stars’ Files for Bankruptcy
Charles Jourdan,
shoemaker
to the world’s rich and famous for the past 80 years, filed for
bankruptcy yesterday
after collapsing under €9m of debt, The London Telegraph
reported
today. The supplier of Imelda Marcos’s famed stilettos with
rhinestone studs,
Charles Jourdan is France’s second luxury shoemaker this week to
fail. Stéphane
Kélian went into liquidation on Monday with the loss of 143
jobs, despite
a rescue attempt by a financier three years ago.
href='http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2005/08/24/cnsho…'>Read
more.