NATION

NATION
United plans to launchlow-cost carrier in '03
HERNDON, Va. -- Bankrupt United Airlines plans to launch a low-cost carrier next year to compete with Southwest Airlines and others as it attempts to regain financial footing by negotiating pay cuts and trying again for a government loan guarantee, the airline's chairman said Thursday.
Glenn Tilton said the new carrier would operate much like Dallas-based Southwest Airlines, with point-to-point service of low-cost routes without layovers.
FedEx named indiscrimination lawsuit
SAN FRANCISCO -- FedEx Corp. faces accusations of rampant racial discrimination in a lawsuit filed Thursday by 26 current and former California employees who say they are on a crusade for the company's entire minority work force.
The Alameda County Superior Court suit could turn into a landmark case that would send a strong anti-discrimination message throughout corporate America, according to attorneys who filed the 189-page complaint.
Diageo PLC finalizessale of Burger King
MIAMI -- Diageo PLC, the world's largest liquor company, has finalized the $1.5 billion sale of Burger King to an equity sponsor group.
Earlier this year, venture capital firms Texas Pacific Group, Bain Capital and Goldman Sachs Capital Partners agreed to buy the Miami-based fast-food chain for $2.26 billion. But in November, the group insisted on negotiating more favorable terms, resulting in the $1.5 billion price tag.
London-based Diageo has been seeking to sell Burger King so that it could focus on its drinks business.
Texas Pacific is based in Fort Worth, Tex.; Bain Capital, based in Boston, owns 95 percent of the Domino's Pizza chain. Goldman Sachs Capital Partners is the private equity arm of U.S. investment bank Goldman Sachs.
Associated Press