Archive for category Business

Why high oil prices are actually good for airlines

In this June 12, 2008 file photo, a worker hooks up a fuel hose to an airplane at Tampa International Airport in Tampa, Fla. Airline executives frequently complain about fuel costs. But the truth is higher prices actually have been good for business. (AP Photo/Brian McDermott, File)

NEW YORK (AP) — Airline executives frequently complain about fuel costs. But the truth is higher prices actually have been good for business.

Read the rest of this entry »

Tags: , , , , , ,

Mentors help minority companies accelerate growth

Mel Gravely, president of TriVersity Construction, poses in his office in front of some paintings of work his company has done, Wednesday, April 16, 2014, in Cincinnati. Gravely’s company joined a program called a minority business accelerator even before he bought a controlling interest in the Cincinnati-based company in 2006. It helped the company get started and win contracts that have helped Triversity’s revenue double. (AP Photo/Al Behrman)

NEW YORK (AP) — Mel Gravely says his construction company might not exist today if he didn’t have mentors to guide it.

Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , , , ,

GM sales eyed for impact of ignition switch recall

Mary Barra, CEO of General Motors, speaks at the 2014 Automotive Forum, Tuesday, April 15, 2014 in New York. The forum is sponsored by the National Automobile Dealers Association (NADA) and J.D. Power.(AP Photo/Mark Lennihan)

DETROIT (AP) — As General Motors shows off its newest cars and trucks in New York this week, analysts are watching for signs that consumers are shying away from the ones sitting on dealer lots.

Read the rest of this entry »

Tags: , , , , , , , , , , , ,

Missing plane’s black box batteries may have died

In this Monday, April 14, 2014, photo provided by the Australian Defense Force an autonomous underwater vehicle is prepared to be deployed from ADV Ocean Shield in the search of the missing Malaysia Airlines Flight 370 in the southern Indian Ocean. The search area for the missing Malaysian jet has proved too deep for the robotic submarine which was hauled back to the surface of the Indian Ocean less than half way through its first seabed hunt for wreckage and the all-important black boxes, authorities said on Tuesday. (AP Photo/Australian Defense Force, Lt. Kelli Lunt) EDITORIAL USE ONLY

PERTH, Australia (AP) — A robotic submarine looking for the lost Malaysian jet continued its second seabed search on Wednesday as up to 14 planes were to take to the skies for some of the final sweeps of the Indian Ocean for floating debris from the ill-fated airliner.

Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , , ,

Congress is giving states the transportation blues

This photo taken April 14, 2014 shows Transportation Secretary Anthony Foxx speaking to the media and local government officials  about federal transportation funding at the Montgomery County Commissioner's office in Dayton, Ohio. On the road in a tour bus this week, Foxx is urging Congress to quickly approve legislation to pay for highway and transit programs amid warnings that the U.S. government’s Highway Trust Fund is nearly broke. If allowed to run dry, that could threaten to set back or shut down projects across the country, force widespread layoffs of construction workers and delay needed repairs and improvements.  (AP Photo/Skip Peterson)

DAYTON, Ohio (AP) — On the road in a tour bus this week, the U.S. transportation secretary is spreading some bad news: The government’s Highway Trust Fund is nearly broke. If allowed to run dry, that could set back or shut down projects across the country, force widespread layoffs of construction workers and delay needed repairs and improvements.

Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , , ,