U-S Airways says it's filing for bankruptcy.
It's the first major carrier to do so since the September 11th attacks.
However, company officials say service should not be affected.
Melissa McDermott reports.
(///// SOT /////)
[SUPER=03-Washington, DC; :00]
[SUPER=01-David Siegel/U. S. Airways President and C. E. O.; :19]
[SUPER=01-Chris Chiames/Senior V. P. of Corporate Affairs; :53]
[SUPER=01-Melissa McDermott/Reporting; 1:11]
[OUT Q=McDermott, CBS News, New York.]
ON SEPTEMBER 11TH AIRPORTS ACROSS THE COUNTRY SHUTDOWN.
MOST RE-OPENED AFTER A FEW DAYS... BUT REAGAN NATIONAL IN WASHINGTON, D-C STAYED CLOSED FOR 3 WEEKS.
A MAJOR BLOW FOR U-S AIRWAYS.
WITH REAGAN INTERNATIONAL AS IT'S MAIN HUB..... THE COMPANY LOST MILLIONS.
(SOT - DAVID SIEGEL/US AIRWAYS PRESIDENT AND CEO)
"after weighing the alternatives, we decided the best course of action was to pursue a re-organization through the courts."
THAT REORGANIZATION IS CHAPTER 11 BANKRUPTCY.
HOWEVER, THE NATION'S 7TH LARGEST AIRLINE SAYS SERVICE WILL NOT BE EFFECTED.
(SOT - SIEGEL AGAIN)
"This is really going to be transparent to the customer. They should expect business as usual".
IT WASN'T JUST THE LONG SHUTDOWN AT REAGAN NATIONAL THAT HURT THE COMPANY.
MUCH OF AIRLINE'S BUSINESS WAS SHORT FLIGHT'S ON THE EAST COAST.
BUT THAT ALL CHANGED WHEN PEOPLE STARTED CHOOSING CARS OVER PLANES AFTER SEPTEMBER 11TH.
(SOT- CHRIS CHIAMES/SENIOR VP OF CORPORATE AFFAIRS)
"we took the brunt of the aftermath as far as the east coast travel that evaporated, most of our flights are on the east coast."
THE COMPANY LOST 2 BILLION DOLLARS IN 2001.
THIS YEAR THE AIRLINE IS ALREADY DOWN 500 MILLION.... AND AT LEAST 11-THOUSAND WORKERS HAVE BEEN LET GO.
U-S AIRWAYS IS THE FIRST MAJOR CARRIER TO DECLARE BANKRUPTCY SINCE SEPTEMBER 11TH BUT IT IS NOT THE ONLY COMPANY HURTING.
WITH A CONTINUED DOWNTURN IN TRAVEL AND HIGHER SECURITY COSTS... THE AIRLINE INDUSTRY HAS LOST A COMBINED 1 POINT 4 BILLION DOLLARS THIS YEAR.
MELISSA MCDERMOTT, CBS NEWS, NEW YORK.
After a weekend of studying the latest union proposal, Dominion Virginia Power should have something to say this
week on its striking electrical workers.
Local 50 of the International Brotherhood of Electrical Workers says it presented the company with a new contract proposal late
A union spokesman said he hoped the two sides would meet again with a federal mediator to discuss the proposal.
The union called the strike on August 2nd after seven months of negotiations failed to yield a contract agreement with the company.
Financial help is on the way for the former head of the National D-Day Memorial Foundation.
It comes just as his September third fraud trial approaches.
[VO-NAT - :25+]
Richard Burrow's supporters have raised nearly 100-thousand dollars to help pay for his defense.
The 55-year-old Roanoke man was indicted in June on federal charges of bank, wire, mail and loan-application fraud.
He has pleaded innocent.
Burrow's backers say he needs financial help because the government prosecutors he's up against have unlimited resources.
They also say they believe Burrow did nothing illegal in raising money for the D-Day Memorial in Bedford.
The fall foliage season is just around the corner.
And many of you will enjoy it from the Blue Ridge Parkway.
But before you hit the roadway there's some important information you need to know.
Justin McLeod reports.
(///// SOT /////)
[SUPER=03-Roanoke Co.; :00]
[SUPER=01-Steve Buxton/Park Ranger; :25]
[SUPER=01-Ed Clark/Park Ranger; 1:10]
[OUT Q=JM, News 7, Roanoke Co.]
((((NAT SOUND OF CAR DRIVING BY AT 15:45:57))
It is a place that attracts people locally and from around the country (QUICK NAT SOUND OF MOTORCYCLES AT 15:48:48)...all 469-miles of the Blue Ridge Parkway.
[SOT 58:44; 58:24; TAPE 2]
[IN Q=I just love it]
((BRENDA BURKES: I JUST LOVE IT. IT'S BEAUTIFUL.))
((OWEN BURKERS: OH YES, PRETTY SCENERY.))
[OUT Q=pretty scenery]
Pretty scenery but also the scene of many accidents.
The number of crashes on the parkway is up 43-percent from five years ago.
[SOT 15:52:03 TAPE 1]
[IN Q=When people are distracted]
((STEVE BUXTON/PARK RANGER: WHEN PEOPLE ARE DISTRACTED FROM OBJECTS ON THE SIDE OF THE ROAD THAT TENDS TO INCREASE ACCIDENTS.))
[OUT Q=increase accidents]
It is an increase that rises significantly from now until late fall.
Last year, the Parkway recorded 130 accidents during the months of August, September, and October.
[SOT 56:26; TAPE 2]
[IN Q=A lot of those accidents]
((JUSTIN McLEOD/REPORTING: A LOT OF THOSE ACCIDENTS ARE HAPPENING IN CURVES. PARK RANGERS SAY THEY SOMETIMES CLOCK DRIVERS GOING 70 TO 80 MILES PER HOUR IN A CURVE. THAT'S WHY THEY PLAN TO PUT UP MORE WARNING SIGNS IN THE COMING MONTHS TELLING YOU TO SLOW DOWN.))
[OUT Q=to slow down]
((NAT SOUND OF CLOSING DOOR 15:49:47))
((NAT SOUND OF TURNING ON CAR 15:49:55))
The Park Service is also launching operation 11 to 7.
All available rangers will now patrol the parkway on Saturday and Sunday when many of the accidents seem to happen.
[SOT 15:33:21; TAPE 2]
[IN Q=We would ask folks]
((ED CLARK/PARK RANGER: WE WOULD ASK FOLKS TO STOP, SLOW DOWN, TO TAKE IN THE SIGHTS BUT TO TRAVEL SAFELY AND REALLY OBSERVE THAT 45 MILE A HOUR SPEED LIMIT SIGN.))
[OUT Q=speed limit sign]
((NAT SOUND OF MOTORCYCLES DRIVING BY))
The Park Service has found motorcyles are involved in a high number of accidents.
((NAT SOUND OF RANGER ON RADIO SAYING "I CAN'T MAKE THE MODEL OF THE VEHICLE" AT 15:57:48 TAPE 1))
Rangers don't know why but plan to study ways to reduce that number.
It is all in an effort to make your ride on the park enjoyable without taking a turn for the worse. (SHOT AT 59:28, TAPE 2)
Justin McLeod, News 7, Roanoke County.))
In business news, The Federal Reserve will discuss interest rates when it meets tomorrow.
Alexis Christoforous has that story and more in this morning's Marketwatch.
[SUPER=01-Alexis Christoforous/Reporting; :00]
[OUT Q=your local stocks]
((TO CUT OR NOT TO CUT.. THAT IS THE QUESTION FACING FEDERAL RESERVE CHAIRMAN
ALAN GREENSPAN AND COMPANY. THE FED MEETS TUESDAY TO DECIDE THE FATE OF
INTEREST RATES.. SOME INVESTORS ARE BANKING ON A RATE CUT TO PREVENT THE
ECONOMY FROM SLIPPING BACK INTO RECESSION.
THE CEO'S OF HUNDREDS OF LARGE COMPANIES HAVE JUST THREE DAYS LEFT TO
CERTIFY THE TRUTHFULNESS AND ACCURACY OF THEIR COMPANIES FINANCIAL RESULTS
WITH THE SECURITIES AND EXCHANGE COMMISSION. THE WRITTEN CERTIFICATIONS
EXPOSE THE EXECUTIVES TO GREATER FRAUD LIABILITY.
ON WALL STREET..
THE DOW MADE IT FOUR WINNING DAYS IN A ROW.. , BUT THE NASDAQ FELL SHORT.
SOME WEAK ECONOMIC DATA AND A STEADY PARADE OF CORPORATE BAD BEHAVIOR HELD
THE DOW ADDED 33 POINTS FRIDAY, UP 5.1 PERCENT.. ITS BIGGEST WEEKLY GAIN
THE NASDAQ SLIPPED 10 POINTS BUT WAS STILL UP 4.7 PERCENT FOR THE WEEK.
SUN MICROSYSTEMS LOANED SOME CURRENT AND FORMER EXECUTIVES 6.4 MILLION
DOLLARS FROM 1999 TO THIS YEAR. AND NEARLY 5.4 MLN DOLLARS WORTH OF THE SUN
MICRO LOANS ARE STILL OUTSTANDING. IT MADE THE ADMISSION DURING AN SEC
IN RECENT MONTHS, WORLDCOM, TYCO AND ADELPHIA COMMUNICATIONS HAVE ALL
ADMITTED TO MAKING LARGE LOANS TO EXECUTIVES. Corporations have come under
intense pressure to be upfront regarding financial matters, especially loans
to senior executives.
TRACK ALL THE PRE-MARKET ACTION AT CBS.MW.COM ... AT THE NASDAQ
I'M AC IN NY.))
(tape tosses to stocks)
Scary moments for passengers aboard a New York flight headed to Spain.
[SUPER=03-New York, NY;]
An Iberia Airlines 747 had to return to John F- Kennedy Airport yesterday, shortly after take-off because of an engine fire.
Firefighters were able to extinguish the blaze after the plane landed.
Five people were injured during the evacuation of 386 passengers and crew.
Authorities still haven't determined what caused the fire.
The Golden Gate Bridge is under a "super heightened" state of alert.
[SUPER=03-San Francisco, CA;]
Law enforcement officials have increased patrols on and around the bridge in San Francisco after word of a potential terrorist threat.
Authorities aren't offering any details.
However, in a published report, the bridge district board's president says the F-B-I was gauging the credibility of a threat that terrorists planned to crash an aircraft into the bridge.
[GRAPHIC=Mornin Health Check]
In medical news, health officials in one state have a found a way to kill the mosquitos that carry the West Nile virus...
Melissa McDermott has that story and more in this morning's Health check.
[SUPER=01-Melissa McDermott/Reporting; :00]
[OUT Q=CBS News, New York.]
((DOCTORS SAY SKIN CANCER IS SKYROCKETING AMONG A SURPRISING GROUP.. THE YOUNG.
MELANOMA RATES AMONG PEOPLE AGES 15 TO 29 ARE UP 50 PERCENT IN THE LAST 25 YEARS.
DOCTORS SAY THAT KIDS DON'T USE SUNBLOCK PROPERLY, APPLYING IT ONLY ONCE INSTEAD OF SEVERAL TIMES A DAY.
WHEN IT COMES TO RADIATION THERAPY FOR BREAST CANCER NEW RESEARCH FINDS THAT SLOW AND STEADY MAY NOT BE THE BEST METHOD.
THE STUDY, PUBLISHED IN THE JOURNAL OF THE NATIONAL CANCER INSTITUTE, FINDS SHORTER AND MORE INTENSE RADIATION AFTER A LUMPECTOMY SEEMS TO BE EQUALLY EFFECTIVE.
TRADITIONAL TREATMENTS TAKE AROUND 35 DAYS.... THE RESEARCHERS HAD PATIENTS UNDERGO THE MORE INTENSE RADIATION FOR 22 DAYS.
THE WEST NILE VIRUS CONTINUES TO SPREAD ACROSS THE COUNTRY BUT SOME AREAS HAVE FOUND A NEW WAY TO KILL MOSQUITOS THAT CARRY THE DISEASE.
HEALTH OFFICIALS IN NORTH DAKOTA ARE USING A DEVICE CALLED 'LARVASONIC'.
IT USES SOUND WAVES TO KILL MOSQUITO LARVA.
AND THOSE ARE SOME OF THE DAY'S TOP HEALTH STORIES.
I'M MELISSA MCDERMOTT, CBS NEWS, NEW YORK.))
(Kimberly tosses to bump)
There's plenty of rhythm in Franklin County.
(///// SOT /////)
[IN Q=NAT SOUND OF DRUMS PLAYING]
[OUT Q=NAT SOUND OF DRUMS PLAYING]
The annual Mid Atlantic Band Camp is taking place at Ferrum College.
Marching bands from Christiansburg, Radford, Staunton River, Cave Spring, and Hidden Valley High School are taking part in the five day event.
Practice lasts nearly ten hours and usually goes well into the night.
(///// SOT /////)
[SOT 4:58:19; 5:10:17]
[IN Q=It is really a great]
((SARAH McGOWAN/CHRISTIANSBURG HIGH SCHOOL: IT IS REALLY A GOOD EXPERIENCE. WE LEARN A LOT OF DISCIPLINE AND HOW TO DO THINGS. IT BUILDS SELF ESTEEM AND IT MAKES YOU FEEL GREAT EVEN THOUGH IT IS A LOT OF HARD WORK AND YOU SWEAT A LOT.))
((LAUREN EUBANK/CAVE SPRING HIGH SCHOOL: A LOT OF STUFF WE'VE BEEN WORKING AS A TEAM AND DANCING IN THE AFTERNOONS AND IT'S A REALLY BIG BONDING EXPERIENCE AND WE'RE REALLY WORKING HARD ON OUR SHOWS SO IT'S GOOD FOR THE FOOTBALL GAMES.))
[SUPER=01-Sarah McGowan/Christiansburg High School; :03]
[SUPER=01-Lauren Eubank/Cave Spring High School; :11]
[OUT Q=for the football games]
The camp wraps up tomorrow morning with a grand finale performance by all the bands.
[WIPE WIPE WIPE]
Musicians are just wrapping up in Galax.
On Saturday night-- the 67th annual Old Time Fiddlers Convention came to a close at Felts Park.
Yesterday morning-- crews with the Carroll County Search and Rescue began the hard work of cleaning up.
(///// SOT /////)
[IN Q=WE HAVE TO ]
[SUPER=01-Peanut Turman/Carroll Co. Search & Rescue; ]
((WE HAVE TO MAKE SURE THAT ALL THE GROUNDS ARE GOOD AND CLEAN AND TURN IT BACK OVER TO THE PARK SERVICE HERE AND THE MOOSE THEY TAKE CARE OF US WITH A DONATION TO TAKE CARE OF THIS AND THIS IS ONE OF OUR FUNDRAISERS ONE OF OUR TWO FUNDRAISERS THAT WE USE TO SUPPORT OUR ORGANIZATION.))
[OUT Q=SUPPORT OUR ORGANIZATION.]
This year's fiddler's convention attracted more than sixty thousand people.
It took another 25- people to help with the cleanup which lasted the entire day.
We face an increased risk of blindness as we grow older.
But with early detection and prompt intervention many seniors can protect their sight.
[TAKE FS HEALTHY LIVING]
Virginia Cravotta (crah-vah-tah) explains in this week's Healthy Living.
(///// SOT /////)
[SUPER=03-Garden City, NY; :00]
[SUPER=01-Robert Lenger/Patient; :05]
[SUPER=01-Virginia Cravotta/Reporting; :26]
[SUPER=01-Dr. Mark Fleckner/Ophthalmologist; :46]
[OUT Q=things in perspective again. ]
(((SOT - LENGER "I was reading a book and for some reason or another I put my left hand over my left eye and with that
I noticed the word content on the line was wavy.")
ROBERT LENGER IMMEDIATELY WENT FOR AN EYE EXAM AND HE DISCOVERED THAT HE SUFFERS FROM MACULAR DEGENERATION, THE MOST COMMON CAUSE OF BLINDNESS IN OLDER ADULTS.
(STANDUP - CRAVOTTA "Approximately three and a half million Americans now suffer from vision impairment, most of them o
ver the age of 60. And the National Eye Institute recently predicted that the incidence of visual impairment and even blindness will actually double over the next thirty years as the Baby Boom generation ages. Early detection is the key to preventing vision loss.")
(SOT - FLECKNER "The three diseases that you have to worry about with early intervention are glaucoma, macular degenera
tion, and diabetic eye disease.")
THOSE SERIOUS EYE DISEASES PREDOMINANTLY AFFECT OLDER PEOPLE AND MOST OF THEM RARELY EXPERIENCE ANY DISCOMFORT. VISION LOSS IS OFTEN GRADUAL, AND VIRTUALLY IMPERCEPTIBLE, UNTIL SIGNIFICANT IMPAIRMENT OCCURS.
EARLY WARNING SIGNS OF BOTH MACULAR DEGENERATION AND DIABETIC EYE DISEASE INCLUDE VISUAL DISTORTION, A DARK SPOT IN THE CENTER OF YOUR VISUAL FIELD, AND SPOTS THAT APPEAR TO FLOAT BEFORE YOUR EYES.
PEOPLE SUFFERING FROM GLAUCOMA TYPICALLY BEGIN TO NOTICE A DECREASE IN THEIR PERIPHERAL VISION. DOCTOR FLECKNER SAYS THAT ALTHOUGH THESE DISEASES ARE PROGRESSIVE, EARLY DETECTION AND APPROPRIATE TREATMENT CAN ENABLE MANY PATIENTS TO MAINTAIN THEIR VISION AND THEIR QUALITY OF LIFE.
(SOT - FLECKNER "It's important that any patient over 65 years old should be seen for a routine ophthalmological evalua
tion at least once a year. And patients with a family history of macular degeneration or glaucoma, for sure, should be seen once or twice a year.")
ROBERT LENGER SAYS HE'S GLAD HE DIDN'T WAIT TO GET THE CARE HE NEEDED.
(SOT - LENGER "Now I can read again. It made it a lot easier for me to see things in perspective again.")))
That was Virginia Cravotta reporting.
For more information on protecting your eyesight..log onto Prevent Blindness dot Org.
(Kim toss to bump)
Taxes on cigarettes and turmoil in the Middle East were the topics of this week's viewer mail.
Here's assignment editor Joe McKean, with News-7's Feedback.
(///// SOT /////)
[IN Q=Animation Open]
[OUT Q=Animation Close]
((The city of Salem's plan for a 15 cent per pack tax on cigarettes left a couple of viewers fuming about fairness.
(Barry Thompson/Salem) "I think this is definite discrimination against smokers. Why should we be the only ones paying
for a school when a lot of us do not even have children going to school anymore? I feel if money is needed for a school it should be everybody's responsibility, not just one group of people."
A non-smoker wrote: (John E. Rowan, Jr./Roanoke) "I disagree with the raising of the cigarette tax anywhere: city, county, state or even throughout the US. I disagree not because I'm a smoker but every time a budget revenue or money for any cause needs to be raised or increased the tax on cigarettes or other tobacco products are mentioned or increased....I believe if the tax on alcoholic beverages was increased it would bring in more revenue than an increase in the cigarette tax."
Our extended interview last weekend with activist Nathan Musselman about the conflicts in the Middle East brought some critical comments.
From Woolwine: (John and Leah Matthews) "With our country at war against terrorism, we were disappointed with the notoriety you are giving this young man. Why can't you be interviewing those who are fighting for and giving their time for us here at home? It seems that would serve our community a lot better than talking to someone who is trying to cause dissension."
And from Floyd County: (Yvonne Shelor/Check): "The media drives me nuts when they echo the lies of the Palestinians. You need to learn the facts and report them. There has never been a Palestinian state and until the 1970's "Palestinian" referred to "Jews". Arafat is not only trying to wipe the Jews from the face of the earth as Hitler did, he also repeats lies as Hitler did because ignorant people will believe a lie if it is repeated often enough. When Americans spread the propaganda of the Arabs they are being just what the Arabs say about us, that we are ignorant about the rest of the world."
We appreciate any comments on our news coverage or issues in the news. Send them to us by mail...fax...or email.
Joe McKean, News-7.))