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
  • a slit in a tire to drain away surface water and improve traction.
The word 'sipe' comes from Old English and is related to 'seep'.