Delta cuts fares for travel in US
Article Abstract:
Delta Air Lines Inc. cut its fares on 5 January 2005 by up to 50% for travel in the continental US, prompting fears of a new price war and sending airline stocks sharply lower. Some analysts stated that other carriers would have to match Delta's cuts, and they forecast a gloomy year for the industry as the overall industry revenue could drop by $3 billion a year if every carrier adopts Delta's new rate structure.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2005
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Oil prices rise despite OPEC plan
Article Abstract:
Oil prices increase closed to $42 a barrel on May 17, 2004 as the markets shrugged off a Saudi proposal that Organization of Petroleum Exporting Countries(OPEC) raise its official target by 6 percent. OPEC exceeds its target by more than 1.5 million barrels, according to analysts it would make some of OPEC's overproduction legal, neglect boost supply and trim prices.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
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Economic stiletto fells Dan's
Article Abstract:
A slow economy has forced the closure of one of Philadelphia's most reputed stores, Dan's Shoes where one could find almost any type of shoe at the right price. A few stores of the chain would however operate in other parts of the US but for many Philadelphia shoppers the store's demise is sad news.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2003
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