Business News Archive - June 02, 2008

By Bonnstetter, Cathy JANE LEW - Chesapeake Energy Corp., which Fortune magazine has named as one of the best companies in the country for which to work, has increased its stake in West Virginia shale and natural gas.

French energy major Gaz de France and Norway-based liquefied natural gas transport and shipping firm Hoegh LNG have signed a joint development agreement related to the design, construction supervision and the operation of the floating, storage and regasification unit of the Triton LNG project in the Adriatic Sea.

Photovoltaic Solar Cells Inc (Pink Sheets:PVSO) today announces that it has created a dye doped Graphite/Graphene only solar cell. This solar cell will be produced using the production tool that the company is building.

A typical basket of 100 grocery items cost 5.8% more in May than in January, increasing the nation's grocery bill by GBP514m a month. For consumers, such an increase comes on top of other price rises, demonstrating why, for many, inflation feels higher than the government's official rate.

ST. LOUIS, June 2 /PRNewswire-FirstCall/ -- Peabody Energy today promoted Robert C. Hammond to the position of Chief Operating Officer of Australian Operations. Hammond most recently served as Group Vice President of Southwest Operations in the United States.

NYSE Euronext (NYX) and World Gold Trust Services LLC, a wholly-owned subsidiary of the World Gold Council today announced that the U.S. Securities and Exchange Commission (SEC) and the U.S.

Word of the Day
  • 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'.