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• Airlines ready to slash more flights
Executives speaking at a Credit Suisse investor conference in New York also vowed to raise more cash to head off a financial crisis. Kathryn Mikells, the chief financial officer of United parent UAL Corp., said the company will raise about $300 ...
• Stocks close strong after Monday's huge decline
The UBS adjustment comes a day after a Credit Suisse analyst predicted the bank will lose $4 per share. Just a month ago, analysts were projecting Goldman would post a profit, according to a poll by Thomson Reuters. Goldman Sachs dropped $2.96, or 4.5 ...
• Travel pinched by global financial crisis
At Tuesday’s Credit Suisse Global Airlines Conference, an executive said United, a unit of Chicago-based UAL Corp., would be willing to cut more capacity to get profitable, though it does not believe it will need to. An executive at Seattle-based ...
• Build-A-Bear retools strategy to boost holiday sales
Although management is making the right moves by slowing store growth and reducing capital expenditures, we are concerned that macroeconomic weakness will continue to pressure comps and margins for the foreseeable future,” Credit Suisse analyst ...
• Minneapolis lures Southwest with data and fish
Credit Suisse analyst Daniel McKenzie said he believes Minneapolis is not a market Southwest would have looked at five years ago, but it is today. "Senior management teams at low-cost carriers have historically avoided going into Northwest markets ...