Business News Archive - September 12, 2008

By Sean Farrell A desperate attempt by Lehman Brothers to retain its independence looked doomed last night as the US investment bank's shares plunged yet again and the company began soliciting takeover bids.

A spokesman for Thomas Cook said the firm was working closely with other airlines to relocate passengers to alternative flights.

THOUSANDS are facing holiday misery after Britain's third- biggest travel firm went into financial meltdown. XL - who operate out of five UK airports, including Glasgow - have called in the administrators amid a cash crisis, it emerged last night.

HONOLULU, Sept. 12 /PRNewswire/ -- There is no shortage of airline seats to or between the Hawaiian Islands despite the closure of Aloha Airlines and ATA Airlines in April this year.

By Andy Rosen The Board of Public Works on Wednesday approved a measure that is likely to scale back state assistance to British Airways PLC for flights from Baltimore/Washington International Thurgood Marshall Airport.

By MICHAEL SCHMIDT FTA outlines safety measures The Federal Transit Administration prints a guide outlining safety measures for employees in ground transportation. Warning signs for suspicious activity include people who are: 3 In an unauthorized or restricted area.

By Bonnie Pfister Allegheny County Chief Executive Dan Onorato on Wednesday halted efforts by Pittsburgh International Airport managers to drill for natural gas, saying such a proposal must be part of a comprehensive plan for county land. "The airport made a mistake," Onorato said.

By Nick Clark The rapid rise of the cost of food may finally be coming to an end, Waitrose boss Mark Price said yesterday, predicting there would be a fall in prices on supermarket shelves in the coming year.

U.S. Steel Corp. said Wednesday it will take a $100 million pre- tax charge to cover the cost of contract ratification bonuses that will be paid to about 17,000 employees who are members of the United Steelworkers.

By Kamarul Yunus MITSUI Mining & Smelting Co Ltd Japan (MMS) wants to turn Malaysia into a hub for the supply of electrodeposited and resin coated copper foils in Asia.

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'.