March 2004
Investment Dealers' Digest;3/29/2004, Vol. 70 Issue 13, p46
Trade Publication
This article presents information on investment banking in industrial sector in the U.S. US Airways Inc., United Airlines Inc. and America West Airlines Inc. have said they received subpoenas as part of the U.S. Treasury probe into the practices of the board that provides federal loan guarantees to domestic carriers. The board was set up to give airlines loan guarantees after the September 11 terrorist attacks. With steel prices climbing, steel producers are pressing automobile makers for higher prices. After resisting such an increase, GM agreed to raise the price it pays two of its steel suppliers-Steel Dynamics Inc. and a unit of Textron - rather than risk a steel shortage.


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