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Business News Archive - December 10, 2008

China, feeling the pinch of declining air traffic, has told its airlines to suspend jetliner orders from foreign makers, the government said. The suspension is needed to cut operating costs and maintain demand-supply balance, the China Daily reported. The newspaper said the current global financial turmoil has resulted in a drop in both domestic and international passenger traffic, thereby reducing the need for new aircraft. The China Aviation Industry Corp.

China reported Wednesday its producer price index fell sharply in November, slowing to an annual rate of 2 percent, compared to 6.6 percent in October. The wholesale price inflation rate, announced by the National Bureau of Statistics, has been falling from August's 12-year high of 10.1 percent, Xinhua

Editors of Kelley Blue Book's kbb.com Laud 2009 Ford F-150's Magnitude of Improvements, Options, Features IRVINE, Calif., Dec.

Company reports record orders, revenues and earnings for the year HOUSTON, Dec. 10 /PRNewswire-FirstCall/ -- Powell Industries, Inc.

VANCOUVER, Dec. 10 /PRNewswire-FirstCall/ - Management of Pinnacle Mines Ltd. (TSX-V:PNL; FSE:07M) (the "Company") are pleased to announce the latest drill results from its 88 diamond drill hole program, carried out between June and November, 2008.

Word of the Day
Cthulhu
  • A gigantic fictional humanoid alien god being described with a head resembling an octopus and dragon wings and claws, around whom an insane cult developed.
  • Pertaining to the mythos of Cthulhu and additional otherworldly beings created by H. P. Lovecraft or inspired by his writings and imitators.
This word was invented in 1926 by H.P. Lovecraft for his short story, 'The Call of Cthulhu.' 'Cthulhu' may be based on the word 'chthonic,' which in Greek mythology refers to the underworld.
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