Workers affected by storm can get benefits
CHARLESTON -- West Virginians living in Cabell, Lincoln, Mason and several other counties who are unemployed due to the severe storms and straight-line winds that occurred beginning June 29 may be eligible for disaster unemployment.
West Virginians who live in those counties have until Monday, Nov. 26, to file a claim for Disaster Unemployment Assistance under FEMA Disaster Number 4071.
Disaster Unemployment Assistance is intended for those who are not eligible for benefits under a state's regular unemployment insurance program.
Farmers, the self-employed and others who are denied regular unemployment insurance benefits may now be eligible for Disaster Unemployment Assistance.
West Virginians who need information about how to file a claim for Disaster Unemployment Assistance may contact the Huntington WorkForce West Virginia Career Center at 304-528-5525.
Best Buy reports loss for 3rd quarter, slump
NEW YORK -- Best Buy Co. Tuesday reported a third quarter loss and continued sales slump just as the crucial holiday season revs up.
Adjusted for restructuring charges, it earned 3 cents per share, well below analysts' expectations. The news sent shares down more than 12 percent in midday trading to their lowest level in more than two decades.
The electronics chain is trying to reverse a yearslong decline in its business as competition from online stores and discounters increases.
US Airways set to offer Charlotte-London flight
TEMPE, Ariz. -- US Airways Group Inc. said on Tuesday that it has won permission to fly from its hub in Charlotte, N.C., to London's Heathrow airport.
US Airways plans to begin the flight in March using Airbus A330s.
Right now, US Airways flies from Charlotte to London's Gatwick airport, but business travelers generally prefer Heathrow. A US Airways spokesman said the airline hasn't decided what it will do with the current Charlotte-Gatwick flight.
Moody's cuts long-term rating for J.C. Penney
NEW YORK -- Moody's Investors Service is cutting its long-term ratings for J.C. Penney Co. one step lower into non-investment of junk grade status.
Moody's lowered the department store chain's corporate family and probability of default ratings to "B3" from "Ba3." The outlook is "negative."
Moody's says the downgrades reflect its expectation that J.C. Penney's fourth-quarter profitability will take a big hit as a result of the need to clear excess inventory.
Union head lobbies for pilots' contract with AA
DALLAS -- The head of the pilots' union is making an emotional pitch to approve a tentative contract with American Airlines, saying rejecting the deal would set pilots on "a path of self-destruction."
Allied Pilots Association president Keith Wilson said Tuesday that the contract would eventually boost pay to industry standards.
Wilson says some opponents of the contract are intent on punishing airline management and not helping American emerge from bankruptcy protection as a successful company.
Voting ends Dec. 7. In August pilots rejected another offer from American by a 61-to-39-percent margin. American responded by cutting pay and benefits.
American, owned by AMR Corp., is trying to use the bankruptcy process to cut annual labor costs by about $1 billion.