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Business News Archive - June 22, 2008

By The Associated Press NEW YORK (AP) - United Airlines said Friday it will start requiring minimum stays for nearly all domestic flights beginning in October. It is also raising its cheapest fares by as much as $90 one- way.The second-largest U.S.

By The Associated Press NEW YORK (AP) - Stocks capped a difficult week with steep losses Friday amid escalating worries about the financial and automotive sectors and a rebound in oil prices.

By SYDNEY SMITH In the words of Tom Barton, chairman of the Dubuque Area Chamber of Commerce, it was in typical fashion for the first Northwest Airlines flight to land almost a half-hour early.And by rule rather than exception, Friday's ceremonious ribbon-cutting for the return of the airline was threatened by ominous rain clouds that barely stayed at bay during the plane's arrival.The festivities at Dubuque Regional Airport marked the beginning of a renewed relationship between the airport and Northwest Airlines.Dozens of business leaders and private citizens gathered within the terminal, decorated with red and white balloons, to express their gratitude for the people who brought the airline back to Dubuque."After an absence of several years, it's great to have them back," said Charlie Daoud, of the airport commission.

NEW DELHI: Whether air fares - which have been hiked twice in a fortnight - will rise again in a few days could well be decided on Monday, if states refuse to reduce sales tax on jet fuel in a meeting with the civil Aviation Ministry.

AMRITSAR: Around 320 passengers were stranded here after Singapore airlines flight no SQ 447 was grounded due to some technical snag. The flight was scheduled for Singapore at 10.45 pm from Amritsar International Airport on Wednesday.

NEW DELHI: With Kingfisher-Deccan combine set to begin overseas flights and Jet already establishing itself as an international carrier, the national carrier has been told to shape up for increased competition.

A REALLY hefty cast iron mining kettle torch lamp by A C Wells & Co, offered with sale particulars that describe it as unbreakable and "the only lamp used in the gold & diamond mines of South Africa", will invite pounds40-pounds60 at Truro Auction Centre on Friday.

Conal Gregory, Personal Finance Regional Journalist of the Year, looks at the potential for gold in a portfolio Gold has a lustre all of its own. Today its appeal goes far beyond the ornamental. Without doubt, it is the traditional commodity to turn to in troubled economic times.

The recent rapid rise in the cost of energy and food appears to be having an effect on how Britons are saving for their retirement according to the results of a new survey.

When we think about retiring, what exactly are we expecting? We all have our own ideas and aspirations for when we reach retirement, so what actually lies in store for us? Are we going to be able to afford our ideal retirement? It's common knowledge that most of us don't save enough towards our retirement, so how can we hope to maintain our standards of living once retired? The lucky ones are people with final salary occupational pension schemes (defined benefit schemes).

Word of the Day
baudekin
  • A rich embroidered or brocaded silk fabric woven originally with a warp of gold thread.
'Baudekin' seems to be an alternative form of 'baldachin,' from the Italian 'Baldacco,' Baghdad, the city where the material was made.
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