Macon Telegraph Logo

<b>macon.com Midday Update:</b> Firefighters extinguish major blaze in downtown LA; home foreclosures set record in first quarter; Continental Airlines to cut 3,000 jobs, capacity | Macon Telegraph

×
  • E-edition
  • Home
    • Customer Service
    • Mobile & Apps
    • Newsletters
    • Buy Photos and Pages
    • Contact Us
    • Newsletters
    • Subscribe
    • Archive Search

    • All News
    • Local
    • Houston & Peach
    • The Sun News
    • Crime
    • Food Story
    • Education
    • Databases
    • Business
    • Nation/World
    • Opinion
    • Weird News
    • All Sports
    • High Schools
    • University of Georgia
    • Bulldogs Beat
    • Georgia Tech
    • Mercer
    • Columns & Blogs
    • MLB & Braves
    • NFL & Falcons
    • NBA & Hawks
    • Auto Racing
    • Golf
    • NHL/Macon Mayhem
    • Politics
    • Elections
    • All Living
    • Family
    • Food
    • Home & Garden
    • Religion
    • Celebrations
    • Mark Ballard
    • Dear Abby
    • Entertainment
    • Out & About
    • Celebrities
    • Music
    • Restaurants
    • Comics
    • Puzzles & Games
    • Horoscopes
    • Opinion
    • Editorials
    • Editorial Cartoons
    • Letters to the Editor
    • Submit a Letter
    • Blogs & Columns
    • Opinion Columns & Blogs
    • Your Say
  • Obituaries
  • Education Together
  • Best of the Best

  • Classifieds
  • Jobs
  • Moonlighting
  • Cars
  • Homes
  • Place An Ad
  • Contests

  • About Us
  • Mobile & Apps

News

macon.com Midday Update: Firefighters extinguish major blaze in downtown LA; home foreclosures set record in first quarter; Continental Airlines to cut 3,000 jobs, capacity

    ORDER REPRINT →

June 05, 2008 11:28 AM

A fire engulfed a two-story building in the downtown Garment District early today, gutting a labyrinth-like collection of small stores and sending flames and smoke pouring through the roof.

Nobody was in the building at the time and no injuries were reported, authorities said.

The fire broke out shortly before 5 a.m. About 175 firefighters extinguished the blaze at 6:42 a.m., fire spokeswoman d’Lisa Davies said.

About 10 stores shared the first floor of the building and the second floor was storage space, Fire Battalion Chief Ron Villanueva said.

SIGN UP

Sign Up and Save

Get six months of free digital access to The Telegraph

SUBSCRIBE WITH GOOGLE

#ReadLocal

‘‘The garments were in there. There was a lot of retail (clothing) businesses,’’ he said.

Conditions facing firefighters inside were ‘‘maze-like,’’ Fire Chief Douglas Barry said.

However, Davies said the buildings in the area did meet building and safety codes.

The cause of the fire was not immediately determined but arson investigators went to the scene.

Associated Press

Home foreclosures set record in first quarter

Home foreclosures and late payments set records over the first three months of the year and are expected to keep rising, stark signs of the housing crisis’ mounting damage to homeowners and the economy.

The latest snapshot of the mortgage market, released today, showed that the proportion of mortgages that fell into foreclosure soared to 0.99 percent in the January-through-March period. That surpassed the previous high of 0.83 percent over the last three months in 2007.

The report by the Mortgage Bankers Association also found that more homeowners slipped behind on their monthly payments.

The delinquency rate jumped to 6.35 percent in the first quarter, compared with 5.82 percent for the three months earlier. Payments are considered delinquent if they are 30 or more days past due.

Both the rate of new foreclosures and late payments were the highest on record going back to 1979.

Associated Press

Continental Airlines to cut 3,000 jobs, capacity

Continental Airlines said today it is cutting 3,000 jobs and reducing capacity by 11 percent, citing record fuel costs that have pushed the industry into its worst crisis since 2001. It also said its two top executives will forgo pay for the rest of the year.

The job cuts represent about 6.5 percent of the company’s work force of 45,000.

Houston-based Continental said it will begin pulling back on flights in September, when departures on its mainline operations will drop about 16 percent below September 2007 levels. Fourth-quarter capacity will fall 11 percent.

Shares of Continental rose 68 cents, or 4.7 percent, to $15.18 in the opening minutes of trading.

The company also said Chairman and Chief Executive Lawrence Kellner and President Jeff Smisek will not take salaries or incentive pay for the rest of the year.

Last year, Kellner got a salary of $712,500 and total compensation that the company valued at nearly $6 million, down 9.3 percent from the year before, according to an Associated Press analysis of a company filing with the Securities and Exchange Commission.

Associated Press

WHAT'S COMING UP ON MACON.COM

— The Bibb County school board will gets its first glimpse of the 2009 fiscal budget starting at 5:30 p.m. We'll let you know what they learn.

— A section of Interstate 16 will be dedicated to entertainment legend Phil Walden at noon. Come back to our Web site for complete coverage, including photos and video.

VISIT US AGAIN SOON

We invite you to check out our Web site again tomorrow for the Midday Update. Monday through Friday, Online Editor Beth MacFadyen will bring you timely information about what Telegraph staffers are working on, plus news we think you need to know immediately. Send feedback to bmacfadyen@macon.com

  Comments  

Videos

Sentencing hearing for Torrance Rouse

Macon firefighters battle multiple arson fires

View More Video

Trending Stories

Bibb County schools Superintendent Curtis Jones wins National Superintendent Award

February 14, 2019 08:17 PM

Two people shot in Houston County ‘when things went sideways,’ investigator says

February 15, 2019 12:44 PM

Frontrunner emerges to fill vacant Warner Robins City Council seat, mayor says

February 14, 2019 06:16 PM

Robins Air Force Base welcomes Kirby Smart ahead of 116th deployment

February 15, 2019 06:35 PM

Pair of dynamic guards look to lead deep playoff runs for Central, Westside

February 15, 2019 03:27 PM

Read Next

Vatican defrocks former US cardinal McCarrick over sex abuse

Nation & World

Vatican defrocks former US cardinal McCarrick over sex abuse

By FRANCES D'EMILIO and NICOLE WINFIELD Associated Press

    ORDER REPRINT →

February 16, 2019 05:41 AM

The Vatican says Pope Francis has defrocked former U.S. Cardinal Theodore McCarrick after Vatican officials found him guilty of soliciting for sex while hearing Confession.

KEEP READING

Sign Up and Save

#ReadLocal

Get six months of free digital access to The Telegraph

SUBSCRIBE WITH GOOGLE

MORE NEWS

Illinois man being fired from job fatally shoots 5 workers

Nation & World

Illinois man being fired from job fatally shoots 5 workers

February 16, 2019 01:21 AM
Scattered yellow vest protests against Macron, anti-Semitism

Nation & World

Scattered yellow vest protests against Macron, anti-Semitism

February 16, 2019 05:58 AM
Retired Indian general urges caution against Pakistan strike

Nation & World

Retired Indian general urges caution against Pakistan strike

February 16, 2019 05:58 AM
The Latest: Merkel defends pipeline plans for Russian gas

Business

The Latest: Merkel defends pipeline plans for Russian gas

February 16, 2019 06:04 AM
The Latest: Shiffrin fights illness in bid for slalom gold

Celebrities

The Latest: Shiffrin fights illness in bid for slalom gold

February 16, 2019 05:41 AM
The Latest: Nigerian president ‘disappointed’ by poll delay

Nation & World

The Latest: Nigerian president ‘disappointed’ by poll delay

February 16, 2019 05:19 AM
Take Us With You

Real-time updates and all local stories you want right in the palm of your hand.

Icon for mobile apps

Macon Telegraph App

View Newsletters

Subscriptions
  • Start a Subscription
  • Customer Service
  • eEdition
  • Vacation Hold
  • Pay Your Bill
  • Rewards
Learn More
  • About Us
  • Contact Us
  • Newsletters
  • News in Education
  • Archives
Advertising
  • Place a Classified Ad
  • Advertise with Us
  • Local Deals
Copyright
Privacy Policy
Terms of Service


Back to Story