Posted: Jun 22, 2012 5:01 PM
Updated: Jun 22, 2012 5:01 PM
DALLAS (AP) American Airlines is offering to drop plans to furlough pilots as it seeks union approval for a long-term cost-cutting deal. American disclosed the changes shortly after a federal judge granted a one-week delay in ruling today on American's request to throw out existing labor contracts. The judge's decision gives the pilots' union more time to consider American's final offer.
SEATTLE (AP) Three Texas climbers rescued from Mount Rainier are now hospitalized in fair condition. The four climbers from Texas were battered when two fell into a crevasse yesterday on the way down from the inactive volcano's summit in Washington state. One ranger trying to rescue the men Thursday fell 3,000 feet to his death.
HOUSTON (AP) Cabot Oil and Gas Corporation has announced plans to sell a minority stake in a Texas drilling operation to Japan's Osaka Gas Company for $250 million. Houston-based Cabot announced yesterday that the Osaka gas subsidiary will buy a 35 percent interest in developing south Texas' Pearsall Shale formation. Cabot says it's focusing on 50,000 acres that it leased in Atascosa, Frio, La Salle and Zavala counties.
WACO, Texas (AP) Omaha-based billionaire Warren Buffett's company is buying another Texas newspaper, this one in Waco. Berkshire Hathaway's newspaper division made the announcement today at a meeting with Waco Tribune-Herald employees. The sale is expected to close by July 31st. Berkshire recently acquired the Bryan-College Station Eagle. Both newspapers serve communities with large universities.