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Business News Archive - October 23, 2008

European airport operators Aeroports de Paris and the Schiphol Group have announced their intention to create a long-term industrial co-operation alliance and will enter into an 8% cross-shareholding agreement to create an influential player in the airports industry.

Indian low-cost airline GoAir, promoted by the Wadia Group, is close to finalizing a $40 million contract with Air France-KLM for maintenance of its aircraft, reported The Economic Times.

Regulatory News: Boliden Odda AS (STO:BOL) (TSE:BOL) and Norwegian power company Statkraft have entered into agreements for the supply of electricity for the periods 2009-2020 and 2021-2030. The total quantity of electricity supplied under both contracts amounts to 900 GWh/year.

Toshiba Corporation announced today that a Toshiba-Westinghouse consortium has been awarded a ten-year contract worth over 100 million euros by Electricite de France (EDF), France's electric power company, for the renewal of stator coils in the generators of more than ten nuclear power plants now operating in France.

Japan's September trade surplus fell 94.1 percent from the same month of last year to 95.1 billion yen or $974 million, the Finance Ministry said Thursday.

Munich/Dagmersellen, 23 October 2008 - The technology group The Linde Group, via its Swiss subsidiary PanGas AG, is to build a new air separation plant in Muttenz, in the Swiss canton of Basel-Land, for around 68 million Swiss francs (44 million euro).

CALGARY, Oct. 23 /PRNewswire-FirstCall/ -- Suncor Energy Inc. announced today that its Board of Directors has approved a $6 billion capital spending plan for 2009. Approximately $3.6 billion in spending, or about 60% of the total, is targeted to Suncor's Voyageur oil sands growth strategy.

SAO PAULO, Brazil, Oct. 23 /PRNewswire-FirstCall/ -- GOL Linhas Aereas Inteligentes S.A. (Bovespa: GOLL4 and NYSE: GOL), Brazil's low-cost airline company, announces that it has signed an interline agreement with Germany- based Condor Airlines.

By Alan Levin The same failure by pilots to do a routine but critical task that likely led to a fatal crash in Madrid this summer has happened dozens of times in the United States since 2000, according to government data analyzed by USA TODAY.

By Alan Levin As the jet roared toward takeoff, it seemed "sluggish" and struggled to lift off, the captain said later. It climbed only 100 feet before the control column started shaking violently, a warning that the jet was on the verge of plummeting to the ground.

Word of the Day
pungle
  • To take pains; labor assiduously with little progress.
This word comes from the Spanish 'pongale,' put it.
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