Gatorade at bargaining table with Coca Cola and Danone SA
NEW YORK -- Just two weeks after rejecting a $14.8 billion acquisition offer from PepsiCo, Quaker Oats Co., the maker of Gatorade, reportedly has been in serious discussions with Coca-Cola Co. and France's Danone SA.
Quaker Oats' board of directors met over the weekend to discuss possible deals, with Coke emerging as the leading suitor, The Wall Street Journal and The New York Times reported online Sunday, citing people familar the matter.
Coke's board of directors is expected to meet Tuesday to discuss a possible transaction, although no formal offer has been made by either company, the Times and the Journal reported.
Daimler Chrysler chooses Lieutenant
DETROIT -- With its appointment of Dieter Zetsche to run Chrysler, DaimlerChrysler AG has chosen a trusted lieutenant to fix the division's problems before they begin to severely harm the rest of chairman Juergen Schrempp's automotive empire.
Zetsche, a Turkish-born German electrical engineer, will face tremendous pressure to achieve quick results, analysts said. His selection came as DaimlerChrysler warned the embattled U.S. division will fall short of fourth-quarter expectations.
The company also said Friday that higher U.S. incentives, inventories and production cuts would push results "below the last forecast." DaimlerChrysler did not provide specific numbers.
United fares hike
HOUSTON -- United Airlines has increased domestic business fares by as much as $100 each way.
Continental Airlines and American Airlines quickly matched the United move, which boosted fares for one-way tickets purchased fewer than three days before the flight by $50 for trips of less than 1,500 miles and $100 for flights 1,500 miles or more.
Other carriers, including Minneapolis-based Northwest Airlines and St. Louis-based Trans World Airlines, were reviewing the boosts.
United wins a round in court
CHICAGO -- United Airlines won a court order preventing its mechanics from carrying out a work slowdown as the Thanksgiving travel period got under way.
U.S. District Judge William J. Hibbler brushed aside an International Association of Machinists request for a delay until Tuesday, saying on Friday the order was needed now to prevent weekend disruptions.
United said contract-seeking mechanics have caused hundreds of cancellations this month by doubling the maintenance time and sharply increasing the number of planes taken out of service for maintenance.
Union attorney Irving M. Friedman claimed the company has illegally forced mandatory overtime and said United's plan could discourage mechanics from reporting genuine safety problems.<
Please purchase a Premium Subscription to continue reading.
To continue, please log in, or sign up for a new account.
We offer one free story view per month. If you register for an account, you will get two additional story views. After those three total views, we ask that you support us with a subscription.
A subscription to our digital content is so much more than just access to our valuable content. It means you’re helping to support a local community institution that has, from its very start, supported the betterment of our society. Thank you very much!
Only subscribers can view and post comments on articles.
Already a subscriber? Login Here
Music speaks to us beyond words; its vibrations reach our core and allow us to connect with … Read moreDiscover the Joy of Piano - Free Piano Lesson for those 50+ years old! (LIMITED SPOTS LEFT)
“Side-splittingly funny and brilliantly chaotic” Read moreThe Play That Goes Wrong
Dirk van Ulden said:
Success! An email has been sent to with a link to confirm list signup.
Error! There was an error processing your request.
Sorry, an error occurred.
Already Subscribed!
Cancel anytime
Thank you .
Your account has been registered, and you are now logged in.
Check your email for details.
Submitting this form below will send a message to your email with a link to change your password.
An email message containing instructions on how to reset your password has been sent to the email address listed on your account.
No promotional rates found.
Secure & Encrypted
Thank you.
Your gift purchase was successful! Your purchase was successful, and you are now logged in.
| Rate: | |
| Begins: | |
| Transaction ID: |
A receipt was sent to your email.
(0) comments
Welcome to the discussion.
Log In
Keep the discussion civilized. Absolutely NO personal attacks or insults directed toward writers, nor others who make comments.
Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't threaten. Threats of harming another person will not be tolerated.
Be truthful. Don't knowingly lie about anyone or anything.
Be proactive. Use the 'Report' link on each comment to let us know of abusive posts.
PLEASE TURN OFF YOUR CAPS LOCK.
Anyone violating these rules will be issued a warning. After the warning, comment privileges can be revoked.