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Business News Archive - June 20, 2008

By The Associated Press WASHINGTON (AP) - The Bush administration's plan to ease nationwide flight delays through an experiment with New York airspace drew fierce resistance in Congress, with lawmakers joining airline officials predicting it will only make matters worse.The Transportation Department came under withering criticism at a Wednesday hearing of a House Transportation subcommittee into the government's plan to combat delays by auctioning off some flight slots at New York's three major airports.Last year, U.S.

Sun Country Airlines Media Contact: Wendy Williams Blackshaw, 612-239-3941 Vice President of Marketing or Heidi Bausch, 651-353-6185 Marketing Coordinator Executives of Sun Country Airlines and Union members today met with a group of Minnesota legislators and staffers to provide them an update on Sun Country's status and initiate discussions about financial relief due to record fuel prices in the form of fee abatements, loans or other non-cash support initiatives.

By Megha Suri NEW DELHI: Delhi Transport Corporation is planning to introduce a new luxury bus fleet that will connect the airport to about 30 points in the city from where Delhiites can board the bus to reach IGI.

By Saurabh Sinha NEW DELHI: Your hopes of flying becoming cheaper anytime soon have just been dashed.

By Saurabh Sinha NEW DELHI: Dismissing fears about the survival of low cost carrier (LCC) model in these turbulent times, the man who launched this concept in India -Capt Gopinath-has said that this model is best suited to outlast the tough times.

By Emma L. Carew, Star Tribune, Minneapolis Jun. 20--In yet another sign of turbulence in the airline industry, Sun Country is in preliminary stages of requesting some $50 million in aid from the Minnesota Legislature and the Metropolitan Airports Commission.

Food, glorious food, but how far has it travelled? There are growing concerns these days over the wisdom of importing and consuming vast quantities of the food we eat. There are numerous reasons for this concern, not least of them at the moment the price and scarcity of fuel.

By McClatchy Newspapers WASHINGTON -- Two years after Congress passed historic mine- safety legislation, many of the nation's mines still have no way to provide air to trapped miners, and, despite the law's mandate, can't provide two-way wireless communications underground because that technology doesn't exist, according to the Government Accountability Office, Congress' investigative arm.

Hecla Mining Company (NYSE:HL) today announced an agreement to sell its subsidiaries engaged in Venezuelan activities to Rusoro Mining Ltd. (Rusoro) for $25 million, consisting of $20 million in cash and 4,273,504 shares of Rusoro common stock. The transaction is dependent upon regulatory approval.

The United Steelworkers is heading into arbitration with Esmark Inc. to try to resolve a dispute over the sale of the company and its subsidiary, Wheeling-Pittsburgh Steel. A decision is expected by Saturday.

Word of the Day
bellycheer
  • Good cheer; viands.
  • To revel; to feast.
The word 'bellycheer' may come from 'belle cheer', "good cheer".
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