Business News Archive - July 12, 2008

General Electric, Fairfield Russell Wilkerson, 203-373-3193 Mobile: 203-581-2114 russell.wilkerson@ge.com Logo: http://www.ge.com GE (NYSE: GE) today promoted Dan Janki, 40, to chief financial officer (CFO) of GE Energy, and Trevor Schauenberg, 39, to vice president of Corporate Investor Communications.

By The Associated Press WASHINGTON - Fears that the government will be forced to rescue Fannie Mae and Freddie Mac could well become a self-fulfilling prophecy. Shares of the government-chartered mortgage finance giants plummeted Thursday and are trading at levels last seen in the early 1990s.

By CAROL WERSICH, Courier & Press staff writer 464-7452 or wersichc@courierpress.com Private pilots are no different from motorists these days: they're looking to move down to typically smaller, more fuel- efficient airplanes the way some car and truck owners are seeking smaller vehicles to economize.

US Airways pilots' union alleged the airline recently punished eight pilots for ordering what it considered too much fuel for their flights, said the US Airline Pilots Association on Thursday.

By Saurabh Sinha NEW DELHI: The sign of a slowdown is already visible in the aviation sector which was expected to set in from July. Even in June - the peak travel season with summer holidays on - the growth in air traffic has gone down.

By David Kennard, The Idaho Statesman, Boise Jul. 11--Boise travelers will lose four daily nonstop flights to Southern California in September because ExpressJet plans to cease commercial flights.

By Saurabh Sinha NEW DELHI: The crude oil crisis has made Delhi the country's busiest airport in terms of number of daily flight movements, beating Mumbai for the first time ever. Before jet fuel price started its upward trend, Mumbai used to handle 750 to 760 flights daily.

ONTARIO, Calif., July 11, 2008 (PRIME NEWSWIRE) -- SOYO Inc. (OTCBB:SOYO) today updates it shareholders on a recent industry event. On Tuesday, July 8th Syntax-Brillian filed a chapter 11 bankruptcy petition.

To: STATE EDITORS Contact: Media: Bill Sedlacek, +1-216-910-3522, or Investor: Sean M. Stack, +1-216-910-3504, both of Aleris International, Inc.

An experienced coal miner died early Friday morning in an underground coal mining accident in Buffington Township, Indiana County. William D.

Word of the Day
  • A serpent whose bite was fabled to produce intense thirst.
The word 'dipsas' comes from a Greek word meaning 'thirst'.