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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
malpais
  • The ragged surface of a lava-flow.
'Malpais' translates from Spanish as 'bad land.'