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Business News Archive - October 02, 2008

By Our THE GIANT American conglomerate General Electric is selling $3bn (1.7bn) of preferred shares to Warren Buffett's investment group Berkshire Hathaway, with another $12bn in common shares going to the public. The company expects to price the offering before the market opens today.

A University of Dubuque aviation student hurt last month in a plane crash near Cassville, Wis., remains in critical but stable condition at University of Wisconsin Hospitals and Clinics in Madison.

S tore lamb finishing over the coming winter in the Westcountry should be carefully planned to minimise the level of late-spring slaughterings for the greatest market stability. That is the advice from specialists at Eblex, following a study of lamb returns over the past two contrasting seasons.

MINNEAPOLIS, Oct. 2 /PRNewswire/ -- Davisco Foods International, Inc., a privately held, three generation family owned company and leaders of the global dairy industry, enjoyed international recognition by accepting a Governor's International Trade Award.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 1, 2008) - Petaquilla Minerals Ltd. (the "Company") (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) announced today that it has received payment for its 20,418,565 common shares of Petaquilla Copper Ltd.

Alcoa Inc. said Tuesday it will curtail remaining production at its aluminum smelter in Rockdale, Texas, because of an uncompetitive local power supply and overall market conditions, resulting in layoffs of about 660 workers.

Briefing MINING Xstrata has abandoned its 5.6bn takeover of rival Lonmin, thelatest deal to collapse from the deteriorating state of the financial markets.

Steelworkers at the ArcelorMittal Weirton Inc. steel mill plan will discuss the details of the proposed four-year labor contract during meetings at 7 a.m. and 7 p.m. Oct. 7, 9 and 14 at the union hall on West Street in Weirton, W.Va., USW Local 2911 President Mark Glyptis said Tuesday.

By Nick Clark Miner blames state of the credit markets for withdrawal XSTRATA, the Anglo-Swiss mining giant, has walked away from its 5.6bn hostile pursuit of Lonmin, blaming the parlous state of the credit markets.

By Paul Snyder As builders and the village of Cassville tie their economic prayers to the Nelson Dewey Generating Facility expansion, opponents say the project's cost could trump every argument.

Word of the Day
penuche
  • A fudgelike confection of brown sugar, cream or milk, and chopped nuts.
'Penuche' is a variant of 'panocha,' a coarse grade of sugar made in Mexico. 'Panocha' probably comes from the Spanish 'panoja, panocha,' ear of grain.
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