P.M. BRIEFING : Eastern Given Day to Study Bids
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NEW YORK — A federal bankruptcy judge today gave Eastern Airlines another day to consider rival buyout offers for its lucrative Washington-New York-Boston shuttle business.
U.S. Bankruptcy Judge Burton R. Lifland adjourned until Tuesday a hearing at which attorneys for Miami-based Eastern, its unions and its major creditors are to meet to discuss competing offers for the shuttle by America West Airlines and developer Donald Trump.
Eastern and a committee representing its major creditors sought the additional time so they could continue evaluating the bids.
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