Business News Archive - July 23, 2008

By Elizabeth Gibson, The Columbus Dispatch, Ohio Jul. 22--The 90-year-old Town Street bridge over the Scioto River closed six months early today, after the Ohio Department of Transportation determined the bridge might not be safe.

By John Porretto THE NUMBERS 55% Percentage of cash made by five biggest oil companies spent on stock buybacks and dividends in 2007. 30% Percentage spent by companies in buybacks and dividends in 2000. 1% Amount spent by companies in 1993.

There may be some respite at the pump for Westcountry consumers after supermarket chains entered a petrol price war. Asda, Morrisons and Sainsbury's are going head to head in a forecourt battle after announcing they would drop the price of petrol and diesel.

Could someone please remind this Government (and the next) that they can pontificate as much as they like about developing an appropriate and sustainable energy strategy but in reality it are powerless actually to do anything about it? Britain has sold off its energy generation infrastructure to private (often foreign) interests which do what they deem appropriate, normally decided by what is cheapest and most cost- effective.

By GEORGE HOHMANN Chesapeake Energy Corp. this fall will launch www.Shale.TV, an online video channel to promote the benefits of natural gas production, according to several news reports.

By Jim Balow Former state treasurer Tom Loehr, along with Charleston Mayor Danny Jones, announced plans Monday to build a small methane-fueled generating plant at the city's landfill. The plant would burn methane generated as a byproduct from the trash decomposing in the landfill.

Your correspondent Peter Edwards takes me to task for daring to say that wind farms don't work. But Peter, they don't! They will never replace other forms of power. They can't work when the wind doesn't blow, and they have to be switched off if the wind blows fiercely.

By MATTHEW THOMPSON An accurate crystal ball a decade ago would have shown skyrocketing fuel costs, soaring construction costs and airlines struggling to stay aloft.

A Continental Airlines jetliner carrying seven Texas congressmen among its 188 passengers made an emergency stop in New Orleans Tuesday, officials said.

By ANNYS SHIN WASHINGTON - Federal officials investigating a three-month-old salmonella outbreak have isolated the bacteria in a jalapeno pepper from a small distribution facility in McAllen, Texas, and warned consumers nationwide to avoid eating raw jalapenos or products that contain them until more is known.

Word of the Day
  • A handkerchief.
  • Specifically— The legendary sweat-cloth; the handkerchief of St. Veronica, according to tradition miraculously impressed with the mask of Christ; also, the napkin about Christ's head (Johu xx. 7).
  • In general, any miraculous portrait of Christ.
The word 'sudarium' comes from a Latin word meaning 'a handkerchief'.