- Newsmaker: Newsmaker: Airline Industry in a Tailspin
After US Airways declared bankruptcy on Sunday, airline stocks took a dive in yesterday-s market. Today, the world-s largest carrier, American Airlines, announced plans to retire aircraft, reduce flights and cut 7,000 jobs. Dan Kasper, who served on the National Airline Commission during the Clinton years, considers the problem that-s plaguing all major carriers.
- Reporter's Notebook: ImClone-s Failure to Get FDA Approval
Sam Waksal, founder and former CEO of ImClone, has pleaded innocent to 13 counts of securities fraud and other charges. Martha Stewart may be in trouble, too. But more than a financial scandal with celebrity involvement, ImClone-s is a story about America-s process for approving drugs, including Erbitux, a potentially powerful weapon in the war on cancer. Stacey Schultz has been following the story for US News and World Report.
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