Business & Finance

Despite its heavy financial losses, United Airlines will not file for bankruptcy, a spokeswoman for its parent company said. She said "everything is on the table" as the troubled carrier explores ways to return to stability, although "bankruptcy is not part of that process." United had two of its planes hijacked by terrorists Sept. 11, reported an industry-leading net third-quarter loss of $1.16 billion, and is breaking in a new chief exective after his predecessor was ousted for warning that the company could fold next year unless the flow of red ink stopped. And last week its 15,000 unionized mechanics authorized a strike after earlier rejecting arbitration of their longstanding dispute over a pay increase.

A settlement is expected to be finalized this week between

Pfizer Inc., the world's largest maker of pharmaceuticals, and a Texas patient who claimed permanent injury from the company's controversial diabetes drug. The use of Rezulin, manufactured by Warner-Lambert, which was acquired by Pfizer a year ago, has been linked to 63 deaths and thousands of other injuries. Last Friday, Pfizer lost a $43 million suit in state court in Corpus Christi, Texas, and the jury was considering adding on punitive damages when the confidential settlement with lawyers for the patient was announced. Rezulin was sold between 1997 and last year. Other class-action lawsuits are pending against Pfizer because of the drug.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK