The Business World

Northwest Airlines is trying their best to get begin the merger talks between Delta Air Lines up and running. Their only concern is the fact that the carriers’ pilots have still not agreed on how they are going to merge all of the important seniority lists.

The economy in New York City and its financial services industry has taken a turn for the worse after Wall Street’s fifth largest firm – Bear Stearns – broke down this week. Last Fall many of the investment banks and brokerage firms began to cut their payrolls after the market for mortgages began to take heavy losses.