Bridesville.net Web News Archive

Rita Weakens, Takes Aim at Oil Industry (AP via Yahoo! News) - A slowly weakening Hurricane Rita steamed toward the Texas and Louisiana coast with 125 mph winds Friday, menacing the nation's oil-refining industry. As many as 24 people were killed when a bus carrying nursing-home evacuees caught fire in a traffic jam.

Industry Group Doubts Pension System Crisis (Fox News) - An industry group said it doesn't believe that the possibility of a financial crisis in the nation's worker pensions system is overstated.

Oil industry braces for another blow (The Christian Science Monitor via Yahoo! News) - The oil industry is battening down once more as hurricane Rita menaces the Texas coast - an area rich with refineries, shipping channels, and pipelines.

Nearly 30 Percent of US Refining Industry Paralyzed (Fox News) - A vast part of the U.S. oil industry was paralyzed on Friday hours before powerful Hurricane Rita's expected landfall on the Texas coast.

Transportation Dept. tells bus industry how to safely carry oxygen (Kansas City Star) - (KRT) - In the aftermath of Friday's deadly bus explosion, the U.S. Department of Transportation issued guidelines to the nation's bus industry on the safe transport of medical oxygen containers.

Industry group says pension funding crisis overstated (Lincoln Journal Star) - WASHINGTON — Warnings of a financial crisis in the nation’s worker pensions system are overstated, an industry group said Friday as Congress prepared legislation to overhaul the system to protect future retirees’ benefits.

Industry seeks piracy curbs (Bangkok Post) - A regional pay-TV industry body is encouraging Thailand to come up with more effective law enforcement and increasingly severe penalties for pirate cable operators.

Governor endorses abortion notification, drug industry measures (North County Times) - SACRAMENTO -- Removing any chance of a surprise endorsement in the upcoming special election, Gov. Arnold Schwarzenegger announced Friday his support for measures restricting teen abortion and creating a voluntary program for drug discounts backed by the pharmaceutical industry.

Industry mourns passing of Palm Oil King (The Star Online) - THE demise of Malaysian palm oil industry doyen Tan Sri Borge Bek-Nielsen of United Plantations Bhd (UP) yesterday was widely mourned and deeply regretted by many industry players.

Unit trust industry concerned about GST (The Star Online) - UNIT trust management companies should be exempted from the goods and services tax (GST) for funds distributed by third party distributors or institutional unit trust agents, so as not to dampen the growth of the local mutual fund industry.