Business News Archive - September 10, 2008

By Emma Corlett Business Editor Acquisition-hungry airline Flybe says it is ready to take full advantage of the industry's consolidation as the credit crunch and soaring fuel prices continue.

Westcountry airline Flybe is poised to make another acquisition as the industry looks to consolidate amid global economic turbulence.

Anyone travelling around the country on holiday this summer may have noticed that there is a huge discrepancy between the foods that supermarkets stock in different parts of the country.

News of a second incident of confidential data held on a computer memory stick being lost in just two days raises worrying questions.

I think Philip Bramey ought to look at a few hard facts about renewable energy ("Wave hub is better bet than wind farm", August 26) before dismissing wind power in favour of wave and tidal, then perhaps his blood pressure might subside a bit! Every source of energy, conventional or renewable, has its good and bad points.

By Ron DaParma; Thomas Olson Allegheny County Chief Executive Dan Onorato met with Sen. Bob Casey in Washington, late Monday in local government's latest attempt to restore flights to Europe and elsewhere in the wake of US Airways latest cutbacks.

Etihad appoints manager for Russia Etihad Airways has appointed Geoff Rhodes as the airline's manager for Russia. The Abu Dhabi-based airline starts flights to on 1 December to Moscow and Mr Rhodes will be responsible for managing Etihad's commercial operations across the Russian market.

Swicorp Makes Strategic Investment in Jordan Aviation Swicorp's investment bolsters leading Jordanian aircraft leasing and operating firm Al Riyadh, Kingdom of Saudi Arabia, 09 September, 2008 - Swicorp, the diversified financial services firm operating through extensive offices in the Middle East and North Africa, today announced it has extended its private equity portfolio of investments to aviation, by purchasing a strategic stake in Jordan Aviation ("JATE"), the leading aviation leasing company in the Middle East for an undisclosed sum.

By Nick Clark The Norwegian government has launched an unprecedented attack on the UK mining giant Rio Tinto, selling a 500m holding in the company after accusing it of "grossly unethical conduct" relating to environmental damage.

By Joe Napsha The United Steelworkers union overwhelmingly approved a new labor contract this afternoon with U.S. Steel Corp., paving the way for four years of labor peace for about 16,000 steelworkers employed by the nation's largest steelmaker.

Word of the Day
  • The act of burning, scorching, or heating to dryness; the state or being thus heated or dried.
  • In medicine, cauterization.
The word 'adustion' comes from the Latin 'adustio', 'burning'.