Business News Archive - April 03, 2008


Regulators overseeing Southwest Airlines repeatedly allowed the airline to escape punishment for safety violations because of a close relationship between the airline and federal officials, according to a federal watchdog investigation.

The Russian Ministry of Justice impedes service of the claim for damages filed against Gazprom with the Landgericht (Regional Court) of Berlin. Medvedev's most recent statements on the state of lawlessness in Russia are hardly suited to console the plaintiff. Berlin, Fort Worth, April 3rd, 2008.

Primary Petroleum Corporation (TSX VENTURE: PIE)(PINK SHEETS: PETEF) ("Primary" or the "Company") is pleased to announce that it has run production casing on all four wells drilled and has now completed testing on the first well.

The term “short selling” refers to the practice of selling shares the seller does not own, in the hope of repurchasing them later at a lower price. A new study in The Journal of Finance reveals that there is a large occurrence of shorting activity and that short sellers are highly informed about the relative value of stocks.

Word of the Day
  • Small missiles, especially grape, canister, fragments of iron, and the like, when fired, as upon an enemy at close quarters.
  • To fire mitraille at.
The word 'mitraille' comes from the Old French 'mitaille', meaning 'small coins', sometimes used to mean 'scrap iron'.