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Business News Archive - June 29, 2008

By Trebor Banstetter, Fort Worth Star-Telegram, Texas Jun.

By The Associated Press LORDSTOWN, Ohio (AP) - Republican John McCain on Friday told autoworkers in an economically depressed area of Ohio that he supports free-trade agreements many of them feel cost jobs, but also government investment to help produce the electric cars of the future.

NEW DELHI: Air fares are likely to go up again next week. With crude touching $142, airlines expect oil PSUs to hike aviation turbine fuel (ATF) prices on Monday. Any increased costs will be passed on to passengers in form of higher surcharge, and hence increased fares.

MUMBAI: "The aircraft going beyond Mumbai can be attributed only to loss of radio contact," said a statement issued by Air India in response to a report carried by TOI on Thursday on an AI flight which overflew Mumbai even as its pilots snoozed in the cockpit.

By Daniel P George CHENNAI: More than 100 Indian trainee pilots are stranded in the US after their flying school in California shut shop a few weeks ago. The trainees, hailing from Chennai, Delhi, Mumbai, Pune and Patna, have been asked to vacate their lodges at the academy by Friday.

By Rob Rogers, The Marin Independent Journal, Novato, Calif. Jun. 28--Ask Tomales rancher Liz Cunninghame why Marin's farmers achieved record revenues in 2007, and she'll tell you about her golden geese.

WASHINGTON _ Just two days after gas prices hit $4 a gallon nationwide, Democrats took their answer to consumers' pain at the pump to the Senate floor, with a windfall profits tax on Big Oil as the centerpiece.

By Morgan Josey Glover, News & Record, Greensboro, N.C. Jun. 29--High fuel costs in the Triad caused a discount airline to fail, school buses to drain county coffers and companies to switch to four-day work weeks. All this before the average price of unleaded gasoline hit $4 a gallon.

abu dhabi, 29th june 2008 prestige jet's recently formed flight support division prestige flight support, has signed a service agreement with palm aviation, the middle east's leading flight services company.

By Patrick Garmoe, Duluth News-Tribune, Minn. Jun. 29--The $3-a-dozen sign for fresh eggs at the Rice Lake Township farm tells the tale. "I just upped our price," from $2.50, Patty Prudden said.

Word of the Day
cacodemon
  • An evil spirit; a devil.
  • A nightmare.
  • In astrology, the twelfth house of a scheme or figure of the heavens: so called from its signifying dreadful things, such as secret enemies, great losses, imprisonment, etc.
'Cacodemon' comes from a Greek term meaning 'evil genius.'
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