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Business News Archive - July 22, 2008

Biotechnology pioneer Genentech Inc. considered Roche Holding's $43.7 billion offer for its remaining shares Monday as investors made clear their feelings that the Swiss pharmaceutical giant should pay considerably more.

Feature Offers Customers More Flexible Online Airfare Pricing and Shopping Options by Presenting All Flight Options for Multiple Destinations in a Single Search ITA Software Cara Kretz, 617-714-2123 cara@itasoftware.com or fama PR (for ITA Software) Ed Harrison, 617-758-4144 ita@famapr.com ITA Software, Inc., the leading provider of innovative Software as a Service (SaaS) solutions to the airline industry, today announced that Alitalia successfully launched the multi-destination search capability within ITA Software's QPX, the industry's premier management system for airfare pricing and shopping.

By Daniel Michaels As the airline industry grapples with record fuel prices, long intercontinental flights are taking a big hit. Several U.S. carriers are delaying the start of new flights to China and Russia, while overseas airlines are ditching even longer flights.

There was speculation yesterday that British Airways will cut routes by nearly 5 per cent to help combat soaring fuel bills. The axe will fall on dozens of the carrier's short-haul routes in Europe this winter, it was reported, as bosses battle to slash costs.

CAMPAIGNERS opposed to airport expansion today published plans for a Pounds 30 billion North-South, high-speed rail line to run alongside the M1 which they claim would "demolish" the case for a third runway at Heathrow Airport.

By Stephen J. Hedges and Michael Martinez SANTA YNEZ, Calif. - This year was shaping up to be a good one for farmer Ernesto Ramirez, who will harvest 80 acres of jalapeno and serrano peppers in two weeks.

By Ooi Tee Ching PERWAJA Holdings Bhd, en route to the main board of Bursa Malaysia, expects to finish paying off a RM250 million government loan by end-2012. When Kinsteel Bhd bought into Perwaja in September 2006, the latter's major liabilities amounted to RM786 million.

Text of report in English by official Chinese news agency Xinhua (New China News Agency) Baise, Guangxi, 22 July: Thirty-six miners remained trapped in the Nadu Mine in south China's Guangxi Zhuang Autonomous Region, where flooding occurred on Monday [21 July] afternoon, rescuers said on Tuesday morning [22 July].

By Jeff Biggers If Sen. Barack Obama ever needs a living symbol of change we can believe in, and a hopeful way to transcend the dirty politics of our failed energy policies, he should go and see the future of renewable energy in the Coal River Valley in West Virginia.

Word of the Day
malpais
  • The ragged surface of a lava-flow.
'Malpais' translates from Spanish as 'bad land.'