United doubles fee to $50
for checking a second bag
CHICAGO (AP) United Airlines on Monday doubled its fee for a second checked bag to $50, citing volatile fuel prices.
United, a unit of UAL Corp., said the $50 one-way fee would apply for tickets bought beginning today for travel beginning Nov. 10. in the U.S. or to or from Canada, Puerto Rico and the U.S. Virgin Islands.
Travelers in first or business classes, "Premier" frequent fliers, and active-duty military personnel traveling on orders will be exempt. United estimated the $50 fee would apply to about one out of seven customers.
American Italian Pasta execs plead guilty to fraud charge
KANSAS CITY, Mo. (AP) Two top former executives of American Italian Pasta Co. pleaded guilty Monday to orchestrating a series of accounting schemes aimed at misleading investors and inflating the company's stock price.
Former Chief Executive Officer Timothy S. Webster and former Chief Financial Officer Warren B. Schmidgall both pleaded guilty to a single count of conspiracy to commit wire fraud. The U.S. attorney's office in Kansas City said American Italian Pasta also agreed to pay a $7.5 million fine related to the conduct of its former management.
Webster and Schmidgall face up to five years in prison and $250,000 in fines.
FDA denies expansion of use of Fentora to treat cancer
FRAZER, Pa. (Bloomberg) Cephalon Inc. failed to win U.S. approval to expand marketing of its painkiller Fentora to patients who don't have cancer because of concerns that the drug may be misused.
The Food and Drug Administration issued a so-called complete-response letter asking Cephalon to start its proposed new risk-management strategies and prove that they work for cancer patients before wider use would be approved, the company based in Frazer, Pa., said Monday in an e-mailed statement. The fast-acting tablet contains the narcotic fentanyl.
An FDA advisory panel voted 17-3 in May to recommend against widening Fentora uses, saying Cephalon didn't show it could keep the drug from patients already taking other morphine-like painkillers.
Hewlett-Packard to cut
24,600 jobs over 3 years
SAN FRANCISCO (AP) Hewlett-Packard Co. said Monday it plans to slash 24,600 jobs over the next three years, nearly 8 percent of its work force, as it combines operations with Electronic Data Systems Corp., the technology-services company it recently acquired.
The cuts represent the Palo Alto-based company's most aggressive move yet to streamline its operations under Chief Executive Mark Hurd, who engineered the $13.9 billion acquisition to challenge IBM Corp. for more of the lucrative, long-term business of helping companies manage their computing infrastructure.
Most of the cuts will come from within EDS's ranks, and nearly half will be jobs in the U.S., HP announced Monday.