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Business News Archive - June 28, 2008

By Saurabh Sinha NEW DELHI: The skyrocketing price of jet fuel that have put airlines under severe financial strain now threaten to prolong flying time of your international flights.

NEW DELHI: The next time you board a plane, don't expect free toffees or cookies to soothe the heartburn caused by high price of air ticket. For loss-making airlines - which find operational cost escalating and passengers dwindling - have now started looking at every possible way of saving money.

By Saurabh Sinha NEW DELHI: This one instance shows how cash-strapped airlines are going to any extent to avoid extra costs.

THE owners of Doncaster's Robin Hood Airport will begin investigating the possibility of train access to the site after plans for a station were approved. A two-platform railway station is being proposed by owners Peel Airports.

Horizon Air Jen Boyer, 206-431-4672 Logo: http://www.horizonair.com Horizon Air is now offering fares as low as $69 each way for the Horizon Shuttle between Seattle and Portland when tickets are purchased by July 31 for travel through Aug. 24, 2008.

By Saurabh Sinha NEW DELHI: The slowdown in aviation and poor financial health of airlines are now casting its shadow on big deals that Indian companies had stuck with global majors.

By MARTHA IRVINE, AP national writer CHICAGO - Like a lot of people, Nate Towne is cutting back on spending. He's carpooling to work and only shops at grocery stores that take coupons or offer discount "rewards" cards.

The United Mine Workers Health and Retirement Funds put $420 million into West Virginia's economy in 2007, union President Cecil E. Roberts said Thursday. That total includes pensions to retired miners and health-care payments for working and retired UMW members.

ZINC and lead mining firm Angus & Ross said today it had raised Pounds 3.5m from shareholders.

Sen. Robert C. Byrd has again moved to block Bush administration efforts to reduce funding for coal enforcement by the U.S. Mine Safety and Health Administration.

Word of the Day
edulcoration
  • The act of sweetening by admixture of some saccharine substance.
The word 'edulcoration' comes from a Latin word meaning 'making sweet'.