Weekly Review Quiz As of 2008-04-10

Weekly Review Quiz as of 2008-04-10
Finance

ATA Shutdown Signals Discount-Carrier Woes
by Susan Carey and Melanie Trottman
04/04/2008
http://online.wsj.com/article/SB120722184832186009.html?mod=djem_jiewr_fnq

1. Which of the following airlines filed for bankruptcy late Wednesday (4/2) and then cancelled all of its flights on Thursday (4/3)?

a) Virgin America
* b) ATA Airlines
c) Spirit Airlines
d) JetBlue Airways
e) Southwest Airlines

2. Which of the following has contributed most to the current difficulties for discount carriers in the U.S. airline industry?

a) pilots have recently won large pay increases from discount carriers
b) maintenance costs of older airplanes have jumped
c) the FAA has imposed a new fee on every flight to cover salary increases for air traffic controllers
d) airports have raised landing fees
* e) soaring fuel prices

Washington Mutual to Get $5 Billion
by Matthew Karnitschnig, Valerie Bauerlein and Robin Sidel
04/07/2008
http://online.wsj.com/article/SB120753199958893909.html?mod=djem_jiewr_fnq

3. Private-equity firm TPG and other investors are close to a deal to invest $5 billion in what firm?

a) web portal Yahoo
b) oil refiner Shell
c) bank J.P. Morgan Chase
d) bond insurer MBIA
* e) savings and loan Washington Mutual Inc (WaMu)

4. The funds will be used to

a) provide funds to pay insurance claims against bond defaults
b) fight off a takeover attempt by Microsoft
c) provide funds to help clean up damage from a refinery explosion in Texas
* d) meet capital requirements amid losses from the national mortgage crises
e) complete the acquisition of Bear Stearns

Detroit Sets Bold Goal: Exporting U.S. Cars
by John D. Stoll, Norihiko Shirouzu and Neal E. Boudette
04/08/2008
http://online.wsj.com/article/SB120761191252596525.html?mod=djem_jiewr_fnq

5. Car manufacturers in what country are expected to increase their exports as they take advantage of falling production costs and favorable exchange rates?

a) Russia
b) South Korea
* c) United States
d) Mexico
e) China