Bush Opposes Say on Pay Bill in House Vote
Bush administration opposes a Democrat backed bill to grant public shareholders an advisory vote on executive pay at public companies. The measure, by Rep. Barney Frank, faces House passage amid GOP criticism and no Senate action yet. White House argues Congress should not mandate how compensation is approved.
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Space Adventures opens high end space tours from Tysons Corner
Space Adventures founder Eric Anderson runs a Virginia office booking multimillion-dollar space trips. The firm has flown Charles Simonyi to the international space station, with four earlier tourists also aboard Russian spacecraft. The venture, funded by about $150 million in ticket sales, faces growing competition from Robert Bigelow, Elon Musk, and Paul Allen’s ventures into inflatable stations and rockets.
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Space Tourism Markets Expand for Private Travelers
Space Adventures of Tysons Corner Virginia offers priced space experiences including 3495 for zero gravity flights 8500 for liftoff simulations and 25 million for orbital flights The Russian space agency sells Soyuz seats to supplement funding while Virgin Galactic pursues suborbital craft Anderson has been buying seats since the late 1990s securing spots for 2008 and 2009.
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Leading indicators point to modest growth in coming months
New York The Conference Board reported a tepid 0.4 percent rise to 137.4 in March for its leading indicators index, signaling limited growth over the next three to six months. Six readings improved including initial claims and manufacturing hours, while the overall index remains below January 2006’s high. Washington World Bank President Paul Wolfowitz offers management changes amid calls for resignation over arranging a high paying job for Shaha Riza, with a 24-member board weighing next steps.
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Huntington earnings fall in 1Q on investment loss
Huntington Bancshares reported a first quarter profit drop to 95.7 million dollars or 4 cents a share from 104.5 million dollars or 45 cents a share a year earlier. The decline came as investments in heritage funds lost money amid the subprime meltdown, weighing on results for the quarter ended March 31 in Columbus.
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Fifth Third Bancorp reports flat 1Q earnings
Fifth Third Bancorp said its first quarter earnings slipped 1 percent in a tough interest rate environment. It posted profits of 359 million dollars or 65 cents a share for the quarter ended March 31, versus 363 million or 65 cents a share a year earlier, in line with Thomson Financial estimates.
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Cincinnati
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Chronicle and Blue Ridge Paper Top Workplace Safety Honors
The Chronicle and Blue Ridge Paper Products earned all three available Lorain County Safety Council safety awards as two of nine companies recognized for reducing accidents, a year without lost-time injuries, and the lowest accident rate among similar firms.
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