Business News Archive - October 08, 2008

Your headline article and editorial on September 16 ("No merit in wind energy - report") would give the reader the impression that the REF/CPRE "report" (actually entitled UK Renewables Subsidies: A Simple Description and Commentary) is a comprehensive review producing new evidence that wind power is not a realistic proposition.

World in brief SYDNEY More than 30 people were injured, some with broken bones and lacerations, when a Qantas passenger jet flying from Singapore to Perth struck turbulence yesterday and was forced to make an emergency landing at a remote Western Australian airport.

By Presenna Nambiar AIRASIA Bhd's major shareholder Tune Air Sdn Bhd said it may take the airline private at an indicative price of RM1.35 per share.

Former US Airways Group chief executive David Siegel has landed his third CEO job in four years, said XOJet Inc., which hired him on Monday. Siegel, 46, became US Airways' top executive in March 2002, took the carrier into bankruptcy five months later, and resigned in April 2004.

Credit crunch-hit families can get emergency food supplies from a new charity scheme. The Lincoln Foodbank was launched outside Morrisons supermarket at the weekend, with hundreds of shoppers donating basic foods like rice, pasta, soup and fruit juice.

Thousands of job losses were on the cards on October 13, 1992, after the Government announced plans to close a third of Britain's deep coal mines, with the loss of 31,000 jobs. President of the Board of Trade Michael Heseltine said 31 out of 50 remaining deep mines faced closure.

Tokyo, Oct 8, 2008 - (JCN Newswire) - Showa Denko K.K. (SDK) has established Showa Denko Rare-Earth Vietnam Co., Ltd. in Ha Nam Province, Vietnam, as its 90%-owned subsidiary. The new company will begin constructing a plant next month for the production of didymium and dysprosium metals.

The president of the Slovak Republic plans to meet Friday with U.S. Steel executives in Pittsburgh and could squeeze in a visit with Mayor Luke Ravenstahl. Slovak President Ivan Gasparovic and top U.S.

By AJ Panian Ligonier Council on Monday unanimously voted to approve an ordinance regulating the use of outdoor fuel-burning appliances by borough residents in accordance with state and federal standards. Borough Solicitor George V.

Waratah Coal (TSX VENTURE: WCI) (Waratah) announced that they are reviewing the unsolicited offer made October 3, 2008 by Mineralogy Pty Ltd.

Word of the Day
  • Emitting flashes of light; glittering.
The word 'coruscant' comes from a Latin word meaning 'to flash' or 'to sparkle'.