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Continental Pilots Reject Contract Offer but Delay Strike Vote

Take a break from the week's craziness with some cool, refreshing post-close news (earnings estimates from

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Continental Airlines'


pilots rejected the company's latest contract offer but delayed a strike authorization vote for at least a month. The pilots agreed to return to the bargaining table.



Chairman and CEO Patrick Spainhour filed a registration statement with the

Securities and Exchange Commission

Friday to sell 75,000 common shares. In the same statement, Patricia DeRosa, the company's president, filed to sell 30,000 shares. The proposed offering price of the combined 105,000 shares is 14 7/8 per share. The stock closed Friday at 14 9/16. Since reporting a same-store sales decline of 22% for August, AnnTaylor has skidded 16%.

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said it expects to report third-quarter earnings of 36 cents to 37 cents per share. The 13-analyst consensus estimate is 36 cents versus the year-earlier 25 cents. The company projected fourth-quarter earnings of 19 cents to 20 cents, short of the estimated 22 cents but up from the year-earlier 16 cents.

Allstar Systems


said it expects to report third-quarter earnings of 8 cents to 10 cents per share. The two-analyst outlook called for 18 cents. The company went public in July, and year-ago figures are unavailable. Allstar said two of its four units fell short of expectations.



said it expects to report second-quarter earnings of 82 cents per share, in line with the single-analyst expectation and up from the year-ago 59 cents.


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appointed Herbert Boyer chairman and David Pyott president and CEO, replacing William Shepherd, who held both positions and is retiring Jan. 1. Boyer was a founder of


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and most recently served as a consultant to that company. Pyott now heads the nutrition division at

Novartis AG


Bombay Company


CFO James Herlihy left the company effective Friday. Bombay said Elaine Crowley, vice president of finance and treasurer, will take on responsibility for all financial matters.

Staff reporter Suzanne Kapner contributed to this story