Business News Archive - July 21, 2008

By The Associated Press WASHINGTON (AP) - The political vision of a summer gas tax holiday died a quick death in Congress, losing to a view that federal excise taxes on gasoline and diesel fuel will have to go up if they go anywhere.

By P. George CONGRATULATIONS to Kuala Lumpur International Airport and Malaysia Airports Holdings Bhd for KLIA's fourth placing in the Skytrax 2008 World Airport Awards. It is commendable that KLIA is ranked fourth best airport in the world, as per the latest Skytrax survey.

KUANTAN: AirAsia has been advised not to jump the gun by informing the media about its application for new routes and an increase of flight frequency. Transport Minister Datuk Ong Tee Keat said the company should wait for the authorities to make a decision.

By Joe Napsha Steelworkers at Latrobe Specialty Steel Co. voted today to end their 81-day work stoppage by approving a five-year labor agreement. The United Steelworkers Local 1537 voted to end the lockout 159- 150, with eight ballots voided.

Calgon Carbon Corp. and the United Steelworkers union have reached a tentative agreement on a three-year contract, a spokeswoman for the steelworkers said Saturday. About 60 members of USW Local 5032 will vote on the accord, reached late Friday, at 7 p.m.

BASKING RIDGE, N.J., July 21 /PRNewswire/ -- Verizon Business joins only a handful of companies around the world to be recognized by BSI Management Systems -- the world's leading international standards, testing, registration and certification organization -- as a leading provider of information security management.

NANJING, China, July 20 /Xinhua-PRNewswire/ -- ET Solar Group Corp.

Hess Corporation (NYSE: HES) announced today that the Briseis-1 exploration well on Australia's Northwest Shelf discovered natural gas in Jurassic and Triassic sandstones. The well encountered 151 feet (46 meters) of net gas pay, in line with pre-drill estimates.

CALGARY, July 21 /PRNewswire-FirstCall/ -- (TSX.V:PBT, FSE :P5W) Pemberton Energy Ltd.

By ANDY PIPER Is the time right for a Dubuque entrepreneur to build the city's first biomass-fueled heat and power plant? Several area businessmen attended a conference Thursday at the Grand River Center to gather information about the subject, from the availability of natural resources to the nuts and bolts of such a venture.

Word of the Day
  • A young chicken: also used as a pet name for children.
The word 'chickabiddy' may come from 'chick' plus 'biddy', a name used in calling a hen or chicken.