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Business News Archive - June 17, 2008

By DIANA PRINCE Herald Reporter Petrol stations were fighting to maintain supplies today as fuel tanker drivers staged their fourth and final day of strike action. Many retailers in and around Plymouth struggled to keep pumps open over the weekend, with some forced to shut up shop completely.

By The Associated Press RIYADH, Saudi Arabia (AP) - Saudi Arabia plans to increase its oil production by 200,000 barrels per day next month, the kingdom's oil minister told U.N. chief Ban Ki-moon on Sunday, according to Ban's spokesman. The U.N.

AIRPORT hero John Smeaton is quitting Scotland to live in New York with his American girlfriend. The former baggage handler plans to become an after dinner speaker and live with girlfriend Christy MacPhedran, 31.

By Thomas Olson Allegheny County Chief Executive Dan Onorato is expected to lead a delegation of local officials today on a trip to Dallas to lobby the head of Southwest Airlines for additional flights in Pittsburgh.

By Pratik Joshi, Tri-City Herald, Kennewick, Wash. Jun. 16--Allegiant Air made an operating profit of more than 8 percent in the first quarter, according to a report released today, June 16, by the Bureau of Transportation Statistics, a unit of the U.S. Department of Transportation.

By Chad Roedemeier The Associated Press There could never be a debut novel more perfectly timed to enter the world than Jonathan Miles' "Dear American Airlines." The book is a novel-length complaint letter written by one angry American Airlines passenger who has been stranded in Chicago's O'Hare International Airport and may miss his daughter's wedding in Los Angeles.

By Carol Pucci The Seattle Times Planning on packing for a golfing, fishing, camping or biking outing this summer? How about some shopping in New York or San Francisco? New airline fees for checked bags could add $30 to $300 or more per person to the price of a round-trip ticket, depending on how many bags and what gear you decide to check.

By Rupinder Singh BUDGET carrier AirAsia Bhd says the number of corporate passengers using its no-frills service has increased by 300 per cent in the last three months, taking a chunk of the premium market largely served by full-service carriers like Malaysia Airlines (MAS).

By Chong Pooi Koon BUDGET airline AirAsia Bhd can still make a sustainable profit even if crude oil price hits US$200 (RM654) a barrel, its chief executive officer Datuk Tony Fernandes said.

By Lauren Viera Chicago Tribune With the news that American Airlines will begin charging $15 per checked bag for tickets purchased on or after June 15 - and other major airlines are likely to follow suit - we have one word of advice: carryon. Get the most bang for your bag by packing efficiently.

Word of the Day
negawatt
  • A unit of saved energy.
Coined by Amory Lovins, chairman of the Rocky Mountain Institute as a contraction of negative watt on the model of similar compounds like megawatt.