Wednesday, August 22, 2007
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Gwinnett Daily Post
Delta Air Lines names former Northwest CEO Anderson as new chief
' ATLANTA - Delta Air Lines Inc. fought hard during bankruptcy to avoid being taken over by another carrier. Less than four months after exiting Chapter 11, it reignited speculation Tuesday about a future merger by naming former Northwest Airlines Corp. CEO Richard Anderson as its next chief executive.
Anderson, currently a board member at Atlanta-based Delta and an executive at UnitedHealth Group Inc., will replace Gerald Grinstein on Sept. 1. Grinstein, 75, who had said he would leave Delta once his successor was named, will retire from Delta and from its board.
U.S. foreclosures rise sharply in July
' LOS ANGELES - The number of foreclosure filings reported in the U.S. last month jumped 93 percent from July 2006 and rose 9 percent from June, the latest sign that homeowners are having trouble making payments and finding buyers during the national housing downturn.
There were 179,599 foreclosure filings reported during July, up from 92,845 during the same period a year ago, Irvine-based RealtyTrac Inc. said Tuesday.
There were 164,644 foreclosure filings reported in June.
The national foreclosure rate in July was one filing for every 693 households, the firm said.