Also - Los Angeles Times
Advertisement

Also

Share via

* The cost of funds index for savings institutions in the Federal Home Loan Bank’s 11th District edged higher in June to 1.758% from 1.708% in May. The index is a popular benchmark for adjustable-rate mortgages on the West Coast and tends to lag behind changes in market interest rates by several months.

* Southwest Airlines flight attendants ended a long-standing labor dispute and overwhelmingly ratified a new contract that would increase their pay by an average of 31% over the course of the six-year deal, the Transport Workers Union said.

* Global Crossing Ltd., a fiber-optic network operator that exited Chapter 11 bankruptcy proceedings last year, said certain 2003 expenses were $66 million higher than it initially reported.

Advertisement

* Target Corp. said it had completed the sale of its Marshall Field’s department stores to May Department Stores Co. for $3.2 billion.

* A judge approved a plan for United Parcel Service Inc. to provide vouchers valued at $205 million to settle a lawsuit accusing the company of overcharging some customers for insurance.

* A U.S. appeals court revived a lawsuit that Mars Inc., maker of Pedigree dog food and Whiskas cat food, brought against rival Del Monte Foods Co. over dog and cat treats with soft centers.

Advertisement
Advertisement