Business News Archive - August 08, 2008

By JUSTIN D. ANDERSON After a winter where some West Virginians actually saw declines in their natural gas bills, the major natural gas providers to state consumers are asking for rate increases because of the escalating cost of the commodity.

By GEORGE HOHMANN MAIDSVILLE - Perhaps the most striking feature of the $1.83 billion Longview power plant being built here is its configuration. Situated on 272 rolling acres about eight miles north of Morgantown, the plant is like an octopus.

By Sarah K. Winn West Virginia's first biodiesel manufacturer is helping supply several West Virginia school systems with the renewable fuel for their school buses, Gov.

Toyota said Thursday its fiscal first-quarter profit plummeted 28 percent and stuck to its forecast that full-year profit will fall for the first time in seven years as it faces more problems from the weakening U.S. market.

By Saurabh Sinha NEW DELHI: Low-cost carrier SpiceJet, which recently got an $80- million bailout from a US distress fund, has now decided to virtually freeze its fleet size for some time. At present, the airline has 15 aircraft in operation and just one plane will be added next February.

By Arpit Basu Kolkata: Come Friday and JetLite, the subsidiary of Jet Airways, is all set to be a nofrills carrier. The airline's officials have decided to stop serving on-board meals and will sell ready-to-eat snacks on demand instead.

By Presenna Nambiar SKYPARK FBO Malaysia Sdn Bhd, a newly set up fixed base operator (FBO) at the Subang airport, expects to chart RM3 million to RM5 million in revenue in its first year of operation.

By Sarah Arnott Ryanair is in talks with Boeing and Airbus about delivery of up to 400 new aircraft from 2012, despite looming losses this year if fuel costs remain at current levels.

By Mark Hughes HE IS the man who has devoted his life to trying to save Britain's coal mining industry. They are the eco-activists that are campaigning to stop the construction of Britain's first coal-fired power station in more than 30 years.

By Ken Ward Jr. A CONSOL Energy Inc. subsidiary has been cited by state investigators for a safety violation that "contributed directly" to the death of a coal miner in early June. Investigators from the state Office of Miners' Health, Safety and Training cited Consolidation Coal Co.

Word of the Day
  • A young chicken: also used as a pet name for children.
The word 'chickabiddy' may come from 'chick' plus 'biddy', a name used in calling a hen or chicken.