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Business News Archive - July 24, 2008

A university academic is to study low-cost airlines' social responsibility after receiving a grant from the Economic and Social Research Council (ESRC).

A scale model of the Airbus A380 superjumbo was set to be unveiled at Heathrow Airport today. The model of the 800-seat airliner stands on the site of the Emirates Roundabout, formerly known as Concorde Roundabout.

Ascale model of the A380 Airbus superjumbo is set to be unveiled at Heathrow Airport today. The one-third scale model of the 800-seat superjumbo, whose wings are built at Filton, is being built on the site of the Emirates' Roundabout, formerly known as Concorde Roundabout.

According to statisticians, one third of the food we buy ends up in landfill. And that waste is costing each of our households around pounds420 per year - and causing serious damage to the environment.

As Energy prices continue to soar, the risk of fuel poverty this winter rises too. Centrica, which own British Gas, has revealed how gas bills for an average household could soon top pounds1,000 each year. And gas prices rose by about 15 per cent in January alone.

By John Le Couteur; Rob Golledge epnews A Ray of hope is shining for motorists as major supermarket chains go head-to-head in a petrol price war. Sainsbury's, Asda and Morrisons have all sliced up to 5p off a litre of unleaded petrol and diesel pump prices on their forecourts.

By The Associated Press WASHINGTON (AP) - A federal rescue of Fannie Mae and Freddie Mac could cost taxpayers $25 billion, congressional budget experts said, as the House scheduled a vote for today on legislation that would tap the mortgage giants' profits to cover any losses from saving 400,000 homeowners from foreclosure.A costly rescue for Fannie and Freddie is just a worry, not a certainty at this point.

By Bonnie Pfister Have you or has someone you know in the past six months driven or bused it to Cleveland, Columbus, Baltimore or elsewhere to score cheaper airfare than you could get out of Pittsburgh International Airport? Will you do so in the near future? While that practice used to be common in the pre-Southwest/ JetBlue days, we're wondering if sky-high gasoline prices, chronic flight delays or other problems have once again made other regional airports more attractive than Pittsburgh International.

By John Trumbo, Tri-City Herald, Kennewick, Wash. Jul. 23--Vista Field's 92 acres and its airport have become a $286 million question for the Kennewick City Council. Or is it $86 million? A spirited workshop Tuesday saw two different scenarios but no decision.

The Allegheny County Airport is among 18 airports scheduled to receive funding from PennDOT to make safety improvements and upgrade facilities, PennDOT announced today.

Word of the Day
omphalos
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.
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