Business News Archive - August 19, 2008

A $4.8 million loan is the final piece to a financial puzzle that will let work begin on an $80 million runway extension at Erie International Airport. The first phase will add 920 feet of runway and fix the rest to fulfill airport safety requirements.

By Sarah Arnott When British Airways' planned flights to New York from London City airport stop in Ireland to refuel, passengers will be allowed to go through US immigration checks in advance, the company said yesterday.

By Tam Yeng Siang I HAVE just returned from a trip on AirAsia, and I noticed that AirAsia has apparently reversed its previous policy of allowing citizens over the age of 65 to board the plane early together with Xpress Boarding passengers.

PHOENIX, Aug. 18 /PRNewswire-FirstCall/ -- Mesa Air Group, Inc. (the "Company") today announced third quarter after tax income of $1.8 million from continuing operations on operating revenues of $353.9 million.

By james knock Gloucestershire farmers fear they will become pawns in a bitter price war between supermarkets as the battle to win back customers escalates. Major supermarkets have announced a new round of price cuts in an attempt to lure consumers away from budget stores such as Aldi and Lidl.

British consumers are embracing the art of the homemade lunch in an effort to save money during the working week. Sales of plastic sandwich boxes at Sainsbury's are up 36 per cent year on year and sandwich bag sales are up 25 per cent.

Research and Markets (http://www.researchandmarkets.com/research/4bcf1d/china_industry_res) has announced the addition of the "China Industry Research and Investment Analysis: Iron Ore Mining Industry, 2008" report to their offering.

SOUTHERN Steel Bhd quadrupled its second quarter net profit due to higher steel prices and it tripled the dividend payout for that period. The company, ultimately owned by India's Tata Steel, expects satisfactory results for the full year that ends on December 31.

By terry crockford Latest speculation over the future of Port Talbot steel- works has been dismissed as just that - speculation. Industry analysts raised doubts over the plant's future after owner, Tata Steel, announced plans to double its return on invested capital in the next five years.

LONDON, UNITED KINGDOM--(Marketwire - Aug. 18, 2008) - Orsu Metals Corporation ("Orsu", or the "Company") (TSX:OSU)(AIM:OSU), the London-based base and precious metal mining, development and exploration company today reports its results for the quarter and six months ended 30 June 2008.

Word of the Day
  • a slit in a tire to drain away surface water and improve traction.
The word 'sipe' comes from Old English and is related to 'seep'.