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In brief

By Times Staff
Published June 15, 2006

Stores doing their part for dads this year

Major retailers want the men of the house properly rewarded Sunday, extending hours and stepping up their ad campaigns.

Gettelfinger again chosen UAW leader

With four of the most challenging years in the United Auto Workers union's history in front of him, Ron Gettelfinger was elected Wednesday to a second term as UAW president. Gettelfinger, 61, faced no opposition and was re-elected by the 1,400 delegates to the union's constitutional convention. He faces turbulent times and difficult decisions as U.S. automakers and suppliers continue to reduce their manufacturing work forces and drive down union membership.

United Airlines to cut 1,000 jobs this year

United Airlines will eliminate at least 1,000 salaried and management jobs by the end of the year to reduce costs, CEO Glenn Tilton said Wednesday. The employees to be laid off from the nation's second-largest airline represent about 11 percent of its 9,400 salaried workers and nearly 2 percent of the company's work force of approximately 57,000. United, a unit of UAL Corp., acknowledged last month that its costs were too high, even after the completion early this year of its three-year bankruptcy restructuring.

Break up Tribune Co., large investors say

The second-largest shareholder of Tribune Co. on Wednesday called for a breakup of the Chicago-based media company, saying its strategy of combining broadcasting and newspaper properties in large cities has failed. The Chandler family, which owns 12 percent of Tribune's shares, also said in a regulatory filing that it would not tender its shares as part of a major company buyback. The company had disclosed earlier that the Chandlers opposed the buyback, but didn't detail their reasons.

Investors storm Japan Web company's event

Angry investors thronged disgraced Internet company Livedoor's first general shareholders' meeting, in Tokyo, since its top executives were arrested for securities fraud this year, voicing criticism and voting in a new board of directors. Hundreds of individual investors who lost money when shares of Livedoor Co. and its subsidiary plunged have already filed damage lawsuits against the company and its founder and former president, 33-year-old Takafumi Horie. Horie, who claims he is innocent, is awaiting trial on charges of violating securities regulations.

Jabil stock stages slight turnaround

Jabil Circuit Inc. saw a slight rebound in its stock Wednesday's following Tuesday's dramatic decline. The St. Petersburg contract electronics manufacturer's shares closed Wednesday at $25.74, up 43 cents. Volume was four times normal. After cutting its earning estimates late Monday, Jabil saw investors flee its stock on Tuesday, driving it down 22 percent and trimming $1.5-billion from the company's market value.

[Last modified June 15, 2006, 06:55:34]