Business News Archive - September 15, 2008

By Chandler, Clay Entergy Mississippi announced earlier in the summer that ratepayers' bills would increase an average of 28% because of the rising cost of natural gas, which makes up 60% of the company's fuel mixture used to manufacture electricity.

By James S MISC BHD - CRUISER OF THE HIGH SEAS MISC, the largest shipping company in the country, is the biggest listed company owned by Petronas, with a 62% stake. With another 17% held by the Employees Provident Fund (EPF), MISC is a tightly held institutional stock.

By Robinson, April A Blackfoot-based industrial manufacturer, Premier Technology, has announced its partnership with the Center for Advanced Energy Studies (CAES) and donated $60,000 in equipment for CAES's new 55- square-foot facility.

By Anonymous Gulf of Mexico oil and gas operators are shutting down production because of Hurricane Ike, the Minerals Management Service said. About 96.9 percent of oil production and 93.3 of natural gas production has been put on pause.

By Bahr, Emilie Oil prices have dropped precipitously since hitting a trading record of $147.24 per barrel July 11, leaving some looking forward to a not-so-distant future when $3 -- or even $2 gasoline -- could be on the horizon.

By Neil Nisperos CHINO HILLS - Southern California Edison has disputed the cost assessment for a city plan to reroute a major electrical transmission project through the state park instead of through the city.

By SC Chan THE TIMING COULD NOT HAVE been more ironic. Just days after Sarawak announced it was building 12 hydropower dams across the state, a massive power failure plunged most of the state into darkness.

By Anonymous Questar Corp. has promoted Ronald W. Jibson to president and CEO of Questar Gas, the company's utility subsidiary, effective Sept. 1. Jibson will succeed Alan K. Alfred, current Questar Gas president and CEO, who will retire.

Geotec, Inc. (PINKSHEETS: GETC) announced today that it has filed patent applications with the United States Patent Office.

DALLAS, Sept. 15 /PRNewswire-FirstCall/ -- Southwest Airlines and its more than 2,500 Baltimore-based Employees today are celebrating the airline's 15th year of service at Baltimore/Washington Thurgood Marshall International Airport.

Word of the Day
  • Small missiles, especially grape, canister, fragments of iron, and the like, when fired, as upon an enemy at close quarters.
  • To fire mitraille at.
The word 'mitraille' comes from the Old French 'mitaille', meaning 'small coins', sometimes used to mean 'scrap iron'.