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Arnold Schwarzenegger has suspended all commercial and sport fishing in areas affected by last week's San Francisco Bay oil spill. The decision likely will make the biggest dent in the highly anticipated commercial season for Dungeness crab, which was scheduled to start in ocean waters outside the bay Thursday but has now been postponed for at least 2 1/2 weeks amid health concerns. "It will set us back quite a bit," said Art Romine, 38, a crabber who planned to return home to Newport, Ore., after hearing about the suspension Tuesday. "We can't be bringing in crabs that are possibly toxic," he said. "That wouldn't be good for the market at all. People don't want to buy toxic food." Some local fishermen were hired by the Port of San Francisco to help with the oil cleanup effort for $3,000 a day, less than a quarter of what they could make catching crabs. "They know the waters better than anyone," port...
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That's why we need to get better visa and entry systems," said Marriott. Marriott said that global companies also have a responsibility to be global citizens. He described how Marriott's system of doing business outside the U.S. involves working with local business partners and seeking as many local suppliers and employees as possible, providing ongoing economic opportunity. "An important part of being a good neighbor means contributing to the communities in which we do business. We call it sustainability," said Marriott. Marriott also noted how the company was providing opportunities to at risk youth in Mexico City as part of its global Youth Career Initiative. The program provides both on the job and classroom training from the...
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"Our results for the fourth quarter and the full year reflect good revenue growth, improved operating performance and strong cash flow," said Chairman and Chief Executive Ed Breen. "We had a good finish to the year and made progress on a number of key initiatives that we expect to drive solid earnings growth in 2008." Tyco expects 2008 earnings will range from $2.50 to $2.65 a share, excluding special items, Breen told analysts during a teleconference. Analysts surveyed by Thomson Financial had projected $2.62. "We are well positioned in each of our product lines," Breen said. All five of Tyco's business segments recorded quarterly and annual sales growth. The largest quarterly gain, 23 percent, came in flow control, which makes industrial valves, pipes and fittings on revenue of $1.07 billion. Quarterly revenue at Tyco's largest segment, ADT Worldwide, which designs,...
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The data stores routinely transmit on wireless networks includes customer credit card and social security numbers and other sensitive information. AirDefense Inc., an Atlanta based maker of security products for wireless data systems, found that about 25 percent of the stores' 4,748 wireless access points were exchanging data with no encryption at all to mask the information. Another 25 percent were using an outdated encryption method called Wireless Equivalent Privacy that AirDefense said is easily cracked by thieves using widely available tools. The remaining half of the access points — the connections between wireless devices and computer networks — were using newer encryption methods that are considered...
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The commodities markets moved broadly lower as the greenback gained strength, making prices appear more expensive to foreign buyers. Energy, metals and agricultural futures declined. Gold prices have become extremely volatile as the market wrestles with a correction following the metal's climb to levels not seen since 1980. The big day to day moves of $20 to $30 an ounce seen this week should be expected, analysts say, after the price of gold ballooned $200 in fewer than three months. Although analysts described Thursday's move as partly technical in nature, a drop in energy prices and strength in the dollar added to the pressure. An ounce of gold plummeted $27.40...
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