Business News Archive - March 05, 2007

By John Gillie, The News Tribune, Tacoma, Wash. Mar. 5--Local governments have never relished the job of owning and operating general-aviation airports. Those airports have a well-deserved reputation as money pits.

Research and Markets (http://www.researchandmarkets.com/reports/c51488) has announced the addition of "The Frozen Foods Market in Western Europe (16 Countries" to their offering.

Idaho General Mines, Inc. (AMEX:GMO) today announced that based on ongoing drilling and evaluation work the Company anticipates that its wholly owned Hall-Tonopah molybdenum deposit, located in Nye County Nevada, will be its second major molybdenum development project.

Grifco International, Inc. (Pink Sheets:GFCI) previously announced on December 14, 2006 that it has agreed to spin-off its Precision Drilling & Exploration, Inc. ("PDEI") subsidiary to Universal Energy Resources, Inc. ("UERI") in consideration of a stake in the Net Royalty Interest or N.R.I.

Word of the Day
  • In Roman antiquity, the return of a person who had been banished, or taken prisoner by an enemy, to his old condition and former privileges.
  • In international law, that right by virtue of which persons and things taken by an enemy in war are restored to their former status when coming again under the power of the nation to which they belonged.
The word 'postliminy' comes from a Latin word meaning 'threshold'.