International Business News - Continental http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Continental Airlines Inc. said in a regulatory filing Friday that new Chief Financial Officer Zane Rowe will get a minimum base salary of $374,544, similar to two other executive vice presidents. http://www.ibtimes.com/articles/20080905/continental-details-compensation-for-new-cfo.htm Fri, 05 Sep 2008 17:55:47 EDT Continental Airlines Inc. said Friday it is charging some coach customers $15 for a first checked bag, matching a similar fee imposed by most other major U.S. carriers. http://www.ibtimes.com/articles/20080905/continental-to-charge-15-for-first-checked-bag.htm Fri, 05 Sep 2008 16:45:45 EDT Shares of Continental Airlines Inc. rose Wednesday as oil prices continued to fall and an analyst for Goldman Sachs called the carrier's August traffic "encouraging." http://www.ibtimes.com/articles/20080903/continental-shares-rise-on-oil-drop-analyst-note.htm Wed, 03 Sep 2008 17:27:41 EDT Continental Airlines Inc. spent $380,000 in the second quarter to lobby against the auction of takeoff and landing slots at New York-area airports and other issues, according to a recent disclosure report. http://www.ibtimes.com/articles/20080821/continental-airlines-spent-380-000-lobbying-in-2q.htm Thu, 21 Aug 2008 15:57:24 EDT Pacific Continental Corp. has announced its board of directors declared a regular quarterly cash dividend of 10 cents. The bank holding company said the dividend is payable Sept. 15 to shareholders of record Sept. 5. http://www.ibtimes.com/articles/20080821/pacific-continental-declares-regular-dividend.htm Thu, 21 Aug 2008 14:25:57 EDT A quick glance at the Olympic medal charts shows winners from every corner of the world. A closer look reveals two entire continents, South America and Africa, lagging far behind the others, to the consternation of their sports officials and the dismay of their fans. http://www.ibtimes.com/articles/20080821/beijing-beat-south-america-africa-lag-in-medals.htm Thu, 21 Aug 2008 12:04:50 EDT Auto parts maker Continental AG said Thursday it had ended a weeks-long standoff over a takeover bid from smaller rival as its suitor Schaeffler KG raised its offer and agreed to limit itself to a minority stake for four years. http://www.ibtimes.com/articles/20080821/schaeffler-to-limit-continental-stake.htm Thu, 21 Aug 2008 11:59:27 EDT Continental Airlines Inc. will lay off 140 to 180 pilots after Labor Day, when the company begins reducing flights to cope with high fuel costs and a sluggish economy. http://www.ibtimes.com/articles/20080818/continental-will-furlough-up-to-180-pilots.htm Mon, 18 Aug 2008 19:31:24 EDT Continental Airlines Inc. said Friday it will waive the fee for a third checked bag for all U.S. military personnel, effective immediately. Members of the military on official orders will now be allowed to check three bags, each no more than 70 pounds and 115 linear inches, at no charge, the airline said. http://www.ibtimes.com/articles/20080815/continental-nixes-3rd-checked-bag-fee-for-military.htm Fri, 15 Aug 2008 19:31:09 EDT German auto parts maker Continental AG on Wednesday again declined a bid by rival Schaeffler KG to take it over, leaving the door open to more talks. Hannover-based Continental said in a statement the offer price of 70.12 euros ($104.48) per share in cash remained "inadequate from a financial point of view." http://www.ibtimes.com/articles/20080813/continental-rejects-schaeffler-offer-again.htm Wed, 13 Aug 2008 11:46:12 EDT Standard & Poor's Ratings Services affirmed the ratings of Continental Airlines Inc. Friday, suggesting the airline company will continue to report better operating results than its peers, although fuel costs remain a major concern. http://www.ibtimes.com/articles/20080808/s-p-keeps-continental-ratings-but-hurdles-remain.htm Fri, 08 Aug 2008 14:34:56 EDT Continental Airlines Inc. said Friday its consolidated traffic increased 1.6 percent last month on higher international capacity. Consolidated revenue passenger miles rose to 9.2 million from 9.1 million last July. A revenue passenger mile is an industry measurement accounting for one paying passenger flown one mile. http://www.ibtimes.com/articles/20080801/continental-airlines-traffic-edged-upward-in-july.htm Fri, 01 Aug 2008 20:19:16 EDT Tire and auto parts maker Continental AG's profit fell 36 percent in the second quarter amid what it called "a difficult market environment" and costs from its acquisition of Siemens' VDO unit. http://www.ibtimes.com/articles/20080731/continental-1h-net-profit-falls-37-percent.htm Thu, 31 Jul 2008 16:33:07 EDT Automotive parts maker Schaeffler KG said Wednesday its formal bid to take over Continental AG has been approved by Germany's financial watchdog. In a statement, Schaeffler said that the Financial Supervisory Authority, or BaFin, had signed off on its plan to offer Continental shareholders 70.12 euros ($109.39) per share in cash. http://www.ibtimes.com/articles/20080730/regulator-approves-schaeffler-bid.htm Wed, 30 Jul 2008 08:51:20 EDT Independent oil and gas producer Continental Resources Inc. on Tuesday said its president and chief operating officer is retiring. Mark Monroe, who joined the company in October 2005, will retire on Oct. 31, the company said. http://www.ibtimes.com/articles/20080729/continental-resources-president-coo-retiring.htm Tue, 29 Jul 2008 10:29:01 EDT Independent oil and gas producer Continental Resources Inc. on Tuesday said strong growth in oil and gas sales led to a second quarter profit, reversing a year-ago loss. http://www.ibtimes.com/articles/20080729/continental-resources-posts-2nd-quarter-profit.htm Tue, 29 Jul 2008 09:57:50 EDT Continental Airlines Inc. on Monday showed off new fully reclining seats that it will put in business class of some jets beginning next year. The airline said that the seats would go into Boeing 777 aircraft used mostly on trans-Atlantic and trans-Pacific routes beginning in fall 2009, and later on Boeing 757 and 787 jets. http://www.ibtimes.com/articles/20080728/continental-unveils-new-lie-flat-seats-for-777s.htm Mon, 28 Jul 2008 16:05:57 EDT Continental Airlines Inc. asked for antitrust immunity from the Department of Transportation on Wednesday as it moves closer to joining the Star Alliance. http://www.ibtimes.com/articles/20080723/continental-seeks-atlantic-antitrust-immunity.htm Wed, 23 Jul 2008 16:27:12 EDT Continental AG on Wednesday roundly rejected a takeover offer worth more than 11.2 billion euros ($17.6 billion) from smaller auto parts maker Schaeffler KG, but indicated that it might be interested if Schaeffler ups its offer. http://www.ibtimes.com/articles/20080723/continental-boards-snub-schaefflers-17-6b-offer.htm Wed, 23 Jul 2008 14:32:44 EDT Southwest electric utility PNM Resources Inc. and Continental Energy Systems LLC said Tuesday they have agreed to terminate PNM's pending acquisition of Cap Rock Energy Corp., a subsidiary of Continental. http://www.ibtimes.com/articles/20080722/pnm-resources-wont-buy-cap-rock-energy.htm Tue, 22 Jul 2008 19:12:55 EDT