Business News Archive - September 01, 2008

By Bobby Kerlik The United Steelworkers union reached a tentative four-year agreement Saturday in negotiations Downtown with ArcelorMittal, the world's largest steel producer.

By Harry R Weber The Associated Press ATLANTA - The grip U.S. airlines have on travelers'wallets is about to get tighter as carriers go ahead with plans to trim their domestic schedules due to the high cost of fuel.

By Martin Hickman Consumer Affairs Correspondent Supermarkets are undermining healthy eating by bombarding shoppers with cut-price offers for unhealthy food during the credit crunch, according to a report into the 90bn grocery market.

By Stevenson Jacobs The Associated Press NEW YORK - As a software developer who worked with NASA, Timothy Childs built vision-tracking systems for the space shuttle. Now the former techie has a new venture that he says is out of this world: chocolate.

By Bob Frye Officially making its debut tomorrow is the ICE-55 Flasher, manufactured by Humminbird.

By Judy Kroeger Bob Menarcheck grew up in the coal mining patch town of Filbert, the son of a miner. His father and brothers worked in the mines, but Ignatius Menarcheck did not want his youngest son to follow suit. "My father insisted that I went to school," he said.

Cleveland-Cliffs Inc (NYSE: CLF), which will be renamed Cliffs Natural Resources in the coming months, today announced a tentative agreement with the United Steelworkers (USW), on a new four-year labor contract that will cover approximately 2,300 USW-represented workers at Cliffs' Empire and Tilden Mines in Michigan, and its United Taconite and Hibbing mines in Minnesota.

By Sarah Arnott New orders for the UK's industrial output have slumped to a three- year low as a "winter of economic discontent" looms, and manufacturers are pulling back on staffing and investment in the face of increasingly gloomy predictions.

By Nick Clark Energy companies have attacked proposals to heap them with further taxes, potentially derailing an agreement over a proposed 1bn fuel poverty package, which the Government had hoped to announce this week.

In observance of Labor Day, all federal, state, county and municipal government offices will be closed Monday. Also closed are banks, post offices, state liquor stores and libraries. There is no regular mail pickup or delivery; only Express Mail will be delivered. No trash will be picked up.

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'.