
Mechanics Union Suspends Talks With United Airlines
The union representing 15,000
United Airlines
mechanics has suspended its talks with the company.
The
International Association of Machinists and Aerospace Workers
said it believes United's negotiators don't have the authority to approve wage terms, which remain at a stalemate.
Shares of
UAL
,
(UAL) - Get Report
the parent company of United, closed down $1.31, or 3.3%, to $38 in
New York Stock Exchange
composite trading.