Serving Hillsborough, Millbrae, San Bruno, San Mateo County

May 17, 2008

Business News

Saturday May 17

Union rejects American Airlines offer

Negotiators for union mechanics and bag handlers at American Airlines have rejected a contract proposal from American Airlines that called for lump-sum payments instead of wage increases.

Saturday May 17

American Axle increases wage offer

A person briefed on a tentative deal between American Axle and the United Auto Workers says the auto parts supplier boosted its wage offer and increased payments it will give workers to take a wage cut.

Saturday May 17

Treasury secretary says markets are calmer now

Treasury Secretary Henry Paulson said Friday that financial markets are 'considerably calmer' now than they were two months ago.

Saturday May 17

Rights activists in Peru condemn corporations

Human rights activists 'ethically and morally' condemned 24 European corporations on Friday, accusing them of environmental contamination, labor exploitation and selling dangerous pesticides in Latin America.

Saturday May 17

Cathay Pacific Airways considers cutting routes

Cathay Pacific Airways might cut routes to help cope with surging fuel prices, its chief executive said.

Saturday May 17

Ex-Malaysian leader calls for ban on Halliburton

Former Prime Minister Mahathir Mohamad on Saturday slammed the government's move to allow U.S. oilfield services provider Halliburton Co.

Saturday May 17

AOL sheds its brand to draw specialty audiences

Unless you're looking carefully, you'll likely miss the fact that the new Asylum Web site for young men is a creation of Time Warner Inc.'s AOL.

Saturday May 17

AOL seeks growth in shift from mass site to niches

A company rooted in bringing the Internet to the masses, AOL is shifting its focus toward serving niche audiences with the launch of dozens of specialty Web sites.

Friday May 16

Summer may bring a turning point for stock market

After nine months of turmoil that started with the collapse of the subprime mortgage market, Wall Street appears to be at a turning point of sorts.

Friday May 16

Routine conduct at risk with MySpace suicide case

Think twice before you sign up for an online service using a fake name or e-mail address.

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