Business News Archive - August 04, 2008

By Cahal Milmo Chief Reporter Dairy farmers are turning their backs on Britain's organic milk market as economic pessimism dents consumers' previously buoyant demand for organic produce.

By Eileen Connelly The Associated Press NEW YORK - Franca Tantillo puts rising fuel prices in the same category as the springtime hail storm that wiped out part of her strawberry crop.

By Syed Umar Ariff BATU PAHAT: Muhd Emmer Ashraf Khamsan gets a RM25 weekly allowance from his father, Khamsan Omar. Most of that money is spent on meals at his school's canteen during recess. The 16-year-old said he spent RM3 each day on food and drink.

Research and Markets (http://www.researchandmarkets.com/research/43fd81/savory_snacks_in_c) has announced the addition of the "Savory Snacks in China to 2011" report to their offering. This databook is a detailed information resource covering all the key data points on Savory Snacks in China.

By Dan Sewell The Associated Press After watching the price of her favorite bread rising too quickly, Michele Shores decided it was time for a fresh approach.She began picking up store-brand breads, Kroger Co.'s namesake brand or Wal-Mart Stores Inc.'s Great Value, when her usual bread went from $2 to $3 per loaf.

By S.N. Lock SHARE prices on Bursa Malaysia extended their follow-through rebounds last week. The Kuala Lumpur Composite Index (KLCI) continued to stay above its major psychological support of 1,100 when it closed at 1,159.10 points last Friday.

By Ooi Tee Ching PERWAJA Holdings Bhd will write off its entire RM550.02 million accumulated losses via capital reduction by the end of this year, by reducing its paid-up capital from RM1.22 billion to RM787.78 million.

By John Browne As a select group of Americans continues to prepare for this week's Beijing Olympics, other Americans continue to worry about their dwindling portfolios. They are looking at gold as an alternative investment to the volatile stock and bond markets.

WASHINGTON -- In only five days, at 7 p.m., television cameras will roll on the final preparations for 8 p.m. on the eighth day of the eighth month of the eighth year in our century -- when the Olympic Games will open in Beijing.

Grenade attacks Monday on a border patrol police station in China's northwest Xinjiang region killed 16 policemen and injured 16 more. Two attackers driving a truck tossed two grenades causing an explosion at the station in Kashi, the state-run Xinhua news agency reported.

Word of the Day
  • To befool; deceive; balk; jilt.
  • An illusion; a trick; a cheat.
The word 'begunk' may come from a nasalised variant of Scots begeck ("to deceive, disappoint"), equivalent to be- +‎ geck.