Originally created 09/15/99

Additional business news



Airline employees protest purchase

DALLAS -- For the second time this year, American Airlines' parent company is dealing with employees who are unhappy about the company's acquisition of a small airline.

In February, American's pilots conducted a costly sickout. This week, flight attendants at American Eagle carried picket signs and handed out leaflets protesting AMR Corp.'s plans to merge Eagle with newly acquired Business Express.

The attendants say they need a pay raise to be on par with their new Business Express colleagues.

Qualcomm stock gets boost

SAN DIEGO -- Shares of communications company Qualcomm Inc. rose more than 11 percent Tuesday after the firm announced it was seeking a buyer for its mobile phone manufacturing unit and that fourth-quarter earnings would meet or beat estimates.

Shares of Qualcomm, which for months had been the subject of rumors that it would sell the phone manufacturing business, rose $18.12 1/2 to $171.50 on the Nasdaq Stock Market in late afternoon trading.

Government warns of Y2K abroad

WASHINGTON -- In what promises to be the best road map yet for identifying global problems caused by the Year 2000 technology glitch, the State Department on Tuesday said it was preparing country-by-country warnings for Americans living or traveling in 194 nations.

While there is no reason yet to issue any specific warning, Kevin Herbert, director of overseas citizens services at the department, said Americans could face "potential difficulties" in obtaining medical services, proper water and other facilities as a result of malfunctioning computers.

Television program flees Floyd

NEW YORK -- Hurricane Floyd has chased PBS's Nightly Business Report from its studio.

The financial news show originates from WPBT in Miami and is broadcast on most PBS stations on weekdays. But WPBT's offices were closed Tuesday because of the approaching hurricane.

Tuesday's show was to originate instead from New York, where Nightly Business Report generally has a reporter in a studio each night.

British inflation hits 36-year low

LONDON -- Britain's annual inflation rate fell in August to 1.1 percent, its lowest level in 36 years, the Office for National Statistics said Tuesday.