Oneworld, Many Airlines

Posted by Admin - March 11th, 2010

British Airways, American Airlines, and Iberia have been trying to create a trans-Atlantic alliance for a while now, but have been hindered by the European Commission’s anti-trust regulators. They apparently took a step forward with those regulators Wednesday after offering to give up several landing and takeoff slots at London and New York airports.

That concession was aimed at lowering barriers to entry for other airlines to fly from London to New York, Boston, Dallas and Miami — routes where British Airways and American Airlines currently dominate.

The commission said it would be seeking comment from interested parties on the settlement until April 10, normally a sign that the regulator itself considered the offer satisfactory. The United States Transportation Department gave preliminary approval to the arrangement last month on the condition that British Airways and American cede four pairs of takeoff and landing slots at Heathrow.

The Oneworld alliance, a partnership of airlines all over the globe, should be strengthened significantly by this latest deal, if it gets approval from both the European Commission and the United States.

The Big Game and the Big Rush

Posted by Admin - February 8th, 2010

Each year there is a ritual which is carried on in American households all over the nation. It involves beer, commercials, and football. Of course, it is the Superbowl. But while families are preparing for festivities and teams are preparing to battle each other on the grid iron, businesses and their employees all over the country are preparing for a major rush. Pizza–it is the mainstay of any Superbowl party, no party is really complete without pizza.

Priddy said Saturday that her store would sell more than 1,500 items on the day of the big game. All of the Radcliff store’s staff will be on duty; no one can take a vacation day on the day of the Super Bowl.

While they didn’t open until noon, workers arrived between 8 a.m. and 9 a.m. to begin preparing food. Priddy said their most popular items tend to be whatever deal the store is offering, but she said that they likely would sell as many wings as they would pizza.

This anecdote is instructive–it proves how businesses are able to thrive during times of increased consumption of their products. This same routine goes on at thousands of pizza shops nationwide each Superbowl Sunday.

She thinks my tractor’s…poor.

Posted by Admin - November 26th, 2009

Many industries have suffered during the recent economic recession because of the inter-connectivity of the financial markets with virtually every other market. This applies equally to the farming and farm machinery industries, in which Deere and Co., colloquially known as John Deere, is a key player. It is without a doubt the large producer of farm machinery in the world.

Apparently the company has had a very bad year, losing some $223 million just last quarter. However, Deere and Co. is hinting that this is a better-than-expected result. It is certainly better than was forecast for the company. A debilitating recession and a lackluster year for crops has resulted in a horrible year for the company, but they are predicting profits in 2010.

This year’s U.S. corn harvest is one of the slowest on record because of cold weather and wet field conditions, the company said on the conference call. Mold and fungus have been found in some harvested corn, the company said. Quality issues may mean a higher demand for grain.

Strong demand and a late harvest are keeping corn prices at an “attractive” level, and tight stocks of soybeans will keep that commodity’s prices “relatively high” in the near term, the company said on the call.

More on the company, and its future here.