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Fuel Costs Slowing Some Summer Carnivals (WISC-TV Madison) STOUGHTON, Wis. -- The Stoughton city fair is starting a day later than planned in part because higher fuel costs are forcing carnivals to cut back operating hours. Starbucks Closing 600 U.S. Stores (CoStar Group) Coffeehouse magnate, Starbucks Corporation (NASDAQ: SBUX), is closing 600 U.S. stores. The retail giant made the announcement July 1 following a "rigorous evaluation" of its U.S. company-operated stores to sort out underperformers. The 600 closures are... Little Relief for UnitedHealth (BusinessWeek) Investors at first cheered the managed care provider's plans to cut costs on July 2, but the shares wound up closing lower amid increasing concerns about its margins Save Money on Heating and Cooling Costs (Richfield Reaper) (ARA) - It seems like everything is more expensive these days. A gallon of milk now costs close to $4, a gallon of gasoline is closing in on $5 per gallon and your home heating and cooling bill has never been higher. Beach plant closing will eliminate 140 jobs (Scarborough Mirror) The Cascades Canada plant that makes boxboard at the Toronto port lands will close, throwing 140 out of work, the company announced this week. Cascades' Norampac division blamed the decision on "unfavourable factors" including higher energy costs and the rising cost of fibre. Regent School Closing (KFYR-TV Bismarck) Another North Dakota school is closing because of declining enrollment and increased costs. The Mott-Regent School District decided to end fifth-through-eighth grade classes in Regent next year, leaving only the gymnasium open. Upstate NY paper company shuts down (The Post-Standard) BROWNVILLE, N.Y. (AP) ? An upstate New York paper company is shutting down, leaving 75 people without jobs. Brownville Specialty Paper Products officials blame the closing Friday on the soaring costs of fuel, electricity and raw materials. Cathay Pacific Weighted Down By Jet Fuel Costs (Forbes) The Hong Kong-based airline warns that first-half and full-year profits would be 'disappointing' because of soaring energy costs; analysts said the airline had not hedged sufficiently. Starbucks Closing 600 U.S. Stores, Rein In Growth (CBS4 Miami) Starbucks Corp. has announced it's closing 600 underperforming stores in the United States. The Seattle-based premium coffee company also announced Tuesday it expects to open fewer than 200 new company-operated stores in the United States in fiscal 2009. Service sector contracts as orders fall (AP via Yahoo! News) Higher oil prices caused service businesses to shrink in June, as falling new orders and rising costs hit the nation's coffee shops, paper mills and corner stores. |
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