Rejected Trucking Rules Reissued
The U.S. Transportation Department issued revised work-hour rules for highway truck drivers, keeping major provisions of regulations a federal court had tossed out. When the department raised the maximum daily driving hours to 11 from 10, groups such as Public Citizen convinced a federal court in July 2004 that the government failed to show that drivers could stay alert with the added hour.
The new regulations retain the 11-hour daily limit and require 10 hours of rest every 24 hours. The agency said the new rules were based on studies. Public Citizen said it would consider another court challenge.
No Exemption for Alliance
The Justice Department said an alliance of Delta Air Lines, Northwest Airlines and three foreign carriers shouldn't be given immunity from U.S. antitrust laws. The two U.S. carriers are seeking exemption from the Transportation Department for their participation with Air France-KLM, Alitalia and Czech Airlines in SkyTeam, a partnership that lets members operate like a single airline for international flights.
Airline alliances help carriers increase sales and cut costs by feeding passengers onto each other's networks and using common ground facilities. The Justice Department said the airlines haven't shown that the alliance will provide substantial benefit to the public.
Online Resources Averts Delisting
Online Resources, a Chantilly provider of online bill payment services, said it resolved a notice of potential delisting from the Nasdaq and now meets that market's listing standard. The company said it received the notice because its second-quarter report was delayed.
The matter was resolved yesterday when the delayed report was filed with the Securities and Exchange Commission. Online Resources also filed restatements for prior periods that were affected by a change in operating policy for unclaimed bill payments.
Sallie Mae Buys Mortgage Lender
SLM, or Sallie Mae, agreed to buy GRP Financial Services from GRP's management and private capital provider Angelo, Gordon & Co. for an undisclosed amount.
The Reston-based provider of federally insured student loans anticipates GRP's addition will let it service "virtually every type of major consumer debt," Sallie Mae chief executive Tim Fitzpatrick said. GRP purchases and resolves mortgage loans.
Worm Could Help McAfee
Antivirus software supplier McAfee will be helped by surging demand for its products following infections this week from the Zotob computer worm, chief executive George Samenuk said. He said that computer security product sales usually increase for a "couple of quarters" after a large attack, noting that Zotob could be particularly problematic because it has at least seven variants.
E.U. Imposes Steel Tariffs
The European Union will impose tariffs of up to 38 percent on some U.S. and Russian steel used in the power industry to protect E.U. producers from cheaper imports. Electrical steel exporter AK Steel of Middletown, Ohio, faces a 31.5 percent tariff. The United States has 10 percent of the European silicon electrical steel market.
British Airways Resumes Meals
British Airways said it will resume serving hot meals on long-haul flights affected by a catering dispute that triggered worker strikes that left thousands of passengers stranded. Passengers on shorter flights will continue to receive food vouchers for use at the airport, a spokesman said.
Whole Foods to Court London
Natural-foods supermarket chain Whole Foods Market plans to open a 75,000-square-foot flagship store in London in 2007, its first outside the United States and Canada.
Official Shuts Coca-Cola Plant
The pollution control head of India's southern Kerala state ordered Coca-Cola to close one of its largest bottling plants in the country for failing to comply with environmental regulations. Company officials did not immediately react to the order. Coca-Cola has 27 plants in India.
The Kerala plant has long faced protests from the local village council, which has accused it of depleting local groundwater and has refused to renew its license.
Compiled from staff and news service reports.