David Koenig, The Associated Press June 30, 2008 - 1:52 p.m. DALLAS - The computer disguise on Scott Topping's desk at Southwest Airlines flickered with row after row of dates and numbers, but they had nothing to do by arrivals and departures. They tracked the compensation of oil futures for the next several months, and they told a grim tale: No letup in sight from memory prices conducive to jet fuel. "We're on a one-way street right now," Topping ...
Boeing to pay $3 million fine for exceeding limits on purchases from foreign suppliers
Jul 01 2008
June 30, 2008 - 1:25 p.m. CHICAGO (AP) - Boeing has agreed to pay a $3 million fine for exceeding value limits on the purchases of parts from foreign suppliers for its military products. Boeing spokesman Tim Neale says the Chicago-based gang discovered the violations and reported them to the State Department. The airplane manufacturer violated manufacturing license agreements required subject to federal regulations governing international arms sales. The suppliers were in Australia, the ...
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Hicks fund to buy plastic container maker Graham
Jul 01 2008
The Associated Press June 30, 2008 - 1:25 p.m. DALLAS - An investment fund led by means of the agency of Texas Rangers holder Thomas O. Hicks has agreed to buy Graham Packaging Holdings Co. and take the maker of plastic juice and beer bottles public for US$700 million in addition the assumption of $2.29 billion in debt and other costs. The Hicks fund said Monday it expected a final deal in the next few days. Dallas-based Hicks Acquisition Company I ...
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Illinois Tool Works spent $211,000 in first quarter to lobby on manufacturing issues
Jul 01 2008
June 30, 2008 - 1:15 p.m. WASHINGTON (AP) - Industrial products and equipment manufacturer Illinois Tool Works Inc. spent $211,000 lobbying the federal government in the first quarter, according to a recent disclosure report. The Glenview, Ill.-based company lobbied on manufacturing competitiveness, trade cases, patent reform and to a greater degree, according to the report filed April 14 through the House clerk's office. Illinois Tool Works lobbied Congress and the Commerce Department in the elementary three ...
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Treasury prices little changed as stocks rise; volumes light ahead of July 4th holiday
Jul 01 2008
Madlen Read June 30, 2008 - 1:20 p.m. NEW YORK (AP) - Treasury prices were little changed in light trading Monday, as investors moved tentatively in the rear into public funds and waited for more readings on the weak U.S. economy. Six months into the year, the economy is still looking weak, the Federal Reserve's key premium rate has been slashed, and inflationary pressures have escalated due to surging commodities prices. As a result, ...
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