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Goodrich Petroleum buys shale acreage for $13M

June 13, 2011 1:50 pm | by The Associated Press | News | Comments

Independent energy producer Goodrich Petroleum Corp. said Monday that it has acquired about 74,000 acres in leases in the Tuscaloosa Marine Shale, an oil-rich formation that straddles the middle of Louisiana and part of southern Mississippi.Goodrich, based in Houston, said it paid $13 million,...

CA Explosives Hoarder Gets 30 Years

June 13, 2011 1:50 pm | by ELLIOT SPAGAT - Associated Press - Associated Press | News | Comments

The unemployed software consultant Jakubec acknowledged making and storing nine detonators, 13 grenade hulls and large quantities of the highly unstable Hexamethylene triperoxide diamine, or HMDT, which can explode by someone stepping on it.

Genesee & Wyoming May carloads up 12.7 percent

June 13, 2011 1:50 pm | by The Associated Press | News | Comments

Short line and regional freight railroad operator Genesee & Wyoming Inc. said Monday that traffic on its lines climbed 12.7 percent in May as it hauled more stones, minerals, and farm and food products.The company operates 63 railroads in nine regions around the world. They hauled a total of...

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Rack-Mount, Industrial Benchtop Fans

June 13, 2011 1:23 pm | by Orion Fans | Product Releases | Comments

Orion Fans has seen increased sales of its DC fans to OEMs and power supply manufacturers for use in cooling power supply applications.

Goodrich acquires 74,000 acres of oil formation

June 13, 2011 12:50 pm | by The Associated Press | News | Comments

Independent energy producer Goodrich Petroleum Corp. said Monday that it has acquired about 74,000 acres in leases in the Tuscaloosa Marine Shale, an oil-rich formation that straddles the middle of Louisiana and part of southern Mississippi.Houston-based Goodrich said it paid $13 million, or...

Solar Power will provide services to KDC Solar

June 13, 2011 12:50 pm | by The Associated Press | News | Comments

Solar Power Inc. said Monday that it agreed to be KDC Solar LLC's preferred provider for engineering, construction, operations and maintenance services for some KDC projects in New Jersey and New York.Solar Power, or SPI, said that KDC Solar agreed to offer SPI work on projects totaling at...

Silver, copper fall on latest worries about China

June 13, 2011 11:50 am | by The Associated Press | News | Comments

Silver and copper prices are falling on the latest report suggesting that China's economy may be slowing down.Silver settled down 4.4 percent Monday while copper fell about half a percent.The latest report indicates that bank lending fell in China last month. Investors are waiting for Chinese...

Mining co. to pay $263M to settle superfund suit

June 13, 2011 11:50 am | by NICHOLAS K. GERANIOS - Associated Press - Associated Press | News | Comments

The largest mining company in Idaho's Silver Valley will pay $263.4 million plus interest to settle one of the nation's largest Superfund lawsuits — one of the top 10 such settlements in history, the U.S. Environmental Protection Agency said Monday.The U.S. Department of Justice on Monday...

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SC Nuke Plant Has Issue after Digital Switch

June 13, 2011 11:50 am | by The Associated Press | News | Comments

Duke Energy officials said Monday that a South Carolina nuclear plant that recently switched from analog to digital controls had problems while powering up after a scheduled outage.

Monaco to get $1.26M grant to help Ore. workers

June 13, 2011 11:50 am | by The Associated Press | News | Comments

The U.S. Department of Labor has announced a nearly $1.3 million National Emergency Grant to help about 1,050 Oregon workers affected by layoffs at Monaco Coach Corp. in Coburg.Federal officials said Monday the grant is the second installment for workers laid off by the recreational vehicle...

SkyWest reports 60.8 percent jump in traffic

June 13, 2011 11:50 am | by The Associated Press | News | Comments

Regional airline operator Skywest Inc. reported Monday that traffic rose 60.8 percent in May compared with a year ago due to the November acquisition of ExpressJet.Paying passengers flew 2.53 billion miles last month, up from 1.58 billion in May 2010.Capacity rose 57.4 percent to 3.11 billion...

Airlines collected $3.4B in bag fees in 2010

June 13, 2011 11:50 am | by SCOTT MAYEROWITZ - Associated Press Airlines Reporter - Associated Press | News | Comments

U.S. airlines collected $3.4 billion in bag fees last year. The 24 percent increase from 2009 shows how the airlines are increasingly reliant on charging for once-free services to make money.The fees — typically $50 round-trip for the first piece of checked luggage — are one of the few bright...

Alaska Air to repurchase up to $50M in stock

June 13, 2011 11:50 am | by The Associated Press | News | Comments

Alaska Air Group Inc. said Monday that its board approved the repurchase of up to $50 million in company stock.The parent of Alaska Airlines said it would finance the buyback with cash on hand.The company said it has repurchased 7.5 million shares for nearly $212 million over the past four...

United, Continental workers to hold union vote

June 13, 2011 11:50 am | by The Associated Press | News | Comments

More than 14,000 workers at the newly merged United and Continental airlines will start voting July 7 on whether to join the International Association of Machinists and Aerospace Workers union.The National Mediation Board said Monday that the vote — open to 14,300 ramp and fleet service workers...

Republic aims to give up control of Frontier Air

June 13, 2011 11:50 am | by JOSHUA FREED - AP Airlines Writer - Associated Press | News | Comments

Republic Airways Holdings Inc. says it will try to shrink its ownership of Frontier Airlines to a minority stake by the end of 2014 under an agreement with Frontier pilots.Republic has a split operation in which it flies for hire by major airlines, and also operates Frontier as its own airline....

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