Business News Archive - June 27, 2008

By Liz Fedor, Star Tribune, Minneapolis Jun. 27--Less than three months after inaugurating nonstop service between the Twin Cities and Paris, Northwest Airlines on Thursday suspended that route for fall and winter months.

By David Wilcock Dairy co-operative Milk Link shrugged off the difficulties facing much of the food and drink sector to record an 8.2 per cent leap in profits last year. Profits before tax rose from pounds28.2 million in 2007 to pounds30.5 million, it announced yesterday.

By Kim Leonard Southwest Airlines will cancel one of its seven daily round-trip flights from Pittsburgh to Philadelphia as of Nov. 2, adding to a series of recently announced cuts that affect Pittsburgh International Airport.

By Manju V MUMBAI: An Air India Jaipur-Mumbai flight flew well past its destination with both its pilots fatigued and fast asleep in the cockpit. When the pilots were finally woken up by anxious Mumbai air traffic controllers, the plane was about half way to Goa.

Research and Markets (http://www.researchandmarkets.com/research/bbfc3d/indian_food_proces) has announced the addition of the "Indian Food Processing Industry 2008" report to their offering.

SPOKANE, WA June 27 /PRNewswire-FirstCall/ -- Minera Andes Inc. (TSX: MAI; US OTC: MNEAF) is pleased to report that the final results from core holes drilled during the 2007-2008 exploration field season at the Los Azules porphyry copper project confirm that the copper target is open to the north.

Russian metals and mining company OAO Severstal announced Wednesday it has an agreement to buy West Virginia-based Esmark Inc. for $19.25 per share. Including the assumption of debt and loans, that puts the value of the deal at $1.25 billion.

Cleveland-Cliffs Inc (NYSE: CLF) announced that, effective today, it has closed on two tranches of senior notes totaling $325 million.

By THE CANADIAN PRESS FORT MCMURRAY, Alta. - A lockdown of a school and a neighbourhood while RCMP looked for people involved in a shooting in Fort McMurray has ended. RCMP would not say if anyone had been taken into custody.

for VOX Network Solutions Stacy Thal, 415-543-3476 stacy-t@pacbell.net Logo: http://www.voxns.com Scott Landis, President and CEO of VOX Network Solutions, a leading independent provider of end-to-end voice and data telecom solutions and services, announces the appointment of John McLennan to the company's advisory board.

Word of the Day
  • Emitting flashes of light; glittering.
The word 'coruscant' comes from a Latin word meaning 'to flash' or 'to sparkle'.