April 2003
Investment Dealers' Digest;4/28/2003, Vol. 69 Issue 17, p42
Trade Publication
This article presents information related to investment banking in the industrial sector of the U.S. as of April 28, 2003. AMR Corp., parent of American Airlines Inc., said it lost 1.1 billion dollars in quarter1 and canceled a conference call with analysts, blaming the loss on the depressed economy, the war, low fares and expensive jet fuel. The airline's three unions are reviewing their earlier agreement to cut wages after learning that the airline's top executives were guaranteed for pay packages should the carrier file for bankruptcy. Ford, which launched the first Ford branded car in China, said it would introduce a new model each year in China over the next few years. Ford operates in China under Changan Ford Automobile, a 50-50 joint venture between Ford and China's fourth-largest auto maker, Changan Automotive.


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