Comair can cut wages for pilots, judge rules

Comair can cut wagesfor pilots, judge rules
CINCINNATI -- A federal bankruptcy judge ruled Thursday that Delta Air Lines subsidiary Comair can impose wage cuts and changes in work rules for the regional airline's 1,500 pilots, the final holdouts in the airline's plan to trim labor costs as part of its restructuring.
Pilots have threatened to strike if concessions are imposed on them. U.S. Bankruptcy Court Judge Adlai Hardin gave Comair permission to throw out its contract with the pilots.
Allstate cuts insurancein some coastal areas
CHICAGO -- Wary of the rising risk of hurricanes, Allstate Corp. has added coastal regions of North and South Carolina, Alabama, Maryland and Virginia to the growing list of areas nationwide where it is cutting back homeowners insurance coverage.
The nation's second-largest home and auto insurer behind State Farm confirmed Thursday that it is dropping coverage for about 12,000 homeowners in eight counties of South Carolina, 4,000 in 14 counties of North Carolina and an unspecified number in Alabama.
It also will no longer write new homeowners policies starting in 2007 in 11 coastal counties of Maryland and 19 in Virginia, although existing policies will be renewed.
Associated Press