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Business News Archive - February 14, 2008

Rand Logistics, a shipping company, has announced that its wholly-owned subsidiary, Grand River Navigation, has exercised its option to purchase three vessels from Wisconsin and Michigan Steamship, the David Z, the Earl W and the Wolverine, for an all-in cost of approximately $20 million in cash.

Word of the Day
adustion
  • The act of burning, scorching, or heating to dryness; the state or being thus heated or dried.
  • In medicine, cauterization.
The word 'adustion' comes from the Latin 'adustio', 'burning'.
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