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Business News Archive - March 28, 2008

Faced with rising fuel costs, Colgan Air Inc. announced today that it will re-bid the majority of its Essential Air Service (EAS) routes. Because EAS does not have a mechanism to provide for unforeseeable cost increases, Colgan must file to exit the market, followed by a re-bid at a higher rate.

Enterprise Products Partners L.P. (NYSE:EPD) today announced that operations at its Pioneer cryogenic natural gas processing facility in Lincoln County, Wyoming have been suspended following a release of natural gas and subsequent fire that occurred on March 27, 2008.

Word of the Day
caparison
  • A cloth or covering, more or less ornamented, laid over the saddle or furniture of a horse, especially of a sumpter-horse or horse of state.
  • Clothing, especially sumptuous clothing; equipment; outfit.
  • To cover with a caparison, as a horse.
  • To dress sumptuously; adorn with rich dress.
This word ultimately comes from the Medieval Latin 'cappa,' cloak.
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