Business news with word "collision". Total: 34 news. (today)

Preparations are under way to liquidate assets and sell real estate Todd Fox's failed collision repair chain moved a step closer to a bankruptcy filing this week. Wichita auctioneer Bud Palmer said he's been hired by bankruptcy attorney Ed Nazar to liquidate 17 of the company's 18 body shops across the Midwest. Nazar said Thursday he and Palmer are representing Fox Collision Center Inc., an Oklahoma corporation, and Fox Real Estate LLC, an Oklahoma limited liability corporation. The liquidations Palmer referenced won't take place, Nazar said, until a bankruptcy filing, the approval of Palmer's hiring by the court and approval by either the court or Fox's lender, Milwaukee-based Marshall & Ilsley Bank. Appraisal work on the shops was scheduled to begin Wednesday, Palmer said.

Four Bolivian departments are on collision course with the leftwing government of President Evo Morales after declaring radical autonomy statutes at the weekend

The Bank of England is on collision course with the Government over reforms designed to avert another crisis like that which overtook Northern Rock, it was claimed yesterday

The building blocks for life emerged on Mars--but not life itself FOR a dull lump of greyish rock, ALH 84001 has had an eventful life. The meteorite, which was retrieved from the Allan Hills of Antarctica in 1984, is certainly well travelled. Experts in the field think it came from Mars, having been blasted off the surface of that planet by a collision with an even bigger meteorite. More than that, it contains minerals that some researchers believed, in a flurry of publicity when the rock was properly examined just over a decade ago, must have been made by living things on the Martian surface. The number constituting "some" has been dwindling since then, but there are still a few hold-outs who think ALH 84001 is indeed the first evidence of extraterrestrial aliens--albeit of bacterial dimensions. The reason why ALH 84001 is so interesting is that it contains organic compounds. Life is thought to have emerged on Earth from a primordial soup of such compounds, which are based on carbon, hydrogen and oxygen, though just how it did so is obscure. When ALH 84001 was analysed, however, some astrobiologists suggested that the conventional explanation might be wrong. Perhaps life had evolved on Mars first and the red planet had then "seeded" its blue neighbour when rocky projectiles similar to ALH 84001 were blasted off its surface in abundance in an era when the solar system had a lot of loose asteroids flying around. ...

Russia's relations with the West are headed for new lows as the diplomatic wrangling over Kosovo independence enters its endgame.

ASSOCIATED PRESS

WASHINGTON - Air travelers face a high risk of a catastrophic collision on U.S. airport runways because of faltering federal leadership, malfunctioning technology and overworked controllers, congressional investigators said yesterday.

Air travelers face a "high risk of a catastrophic runway collision" because federal regulators have lost their focus on reducing the potential for such accidents, according to a report by congressional investigators released yesterday.

WASHINGTON - There is "a high risk of a catastrophic runway collision occurring in the United States" because of faltering federal leadership, malfunctioning technology and overworked air traffic controllers, congressional investigators concluded Wednesday.

Once more Nicolas Sarkozy has faced rioting in the French suburbs TWO years ago, it took three weeks and a state of emergency to end the riots in France's troubled banlieues. So when violence broke out this week in Villiers-le-Bel, a rough suburb north of Paris, President Nicolas Sarkozy, interior minister in 2005, was determined to prevent a repeat performance. Police reinforcements, brought in after two nights of car-burning and confrontation, helped to calm the streets. Yet fears remain that, at the slightest provocation, the violence could start again. As in 2005, the riots were triggered by the deaths of two youths in a clash with police. This time two teenagers, riding a mini-motorbike without crash helmets, were killed in a collision with a police car on November 25th. How it happened is unclear; a judicial inquiry has begun. But by nightfall, rioters were on the rampage. Over two nights of violence, they torched scores of cars and rubbish bins, a police station, a nursery school, a library, shops, a car dealer and a McDonald's. Other banlieues north of Paris and in Toulouse saw car-burnings. Some 130 policemen were wounded, several seriously. ...

Alistair Darling is on a collision course with the banking industry over who will foot the bill if the loss of bank details belonging to 25 million child benefit claimants leads to a major fraud

The family shareholders of the Miller Group, Britain's biggest private housebuilder, are on a collision course with chief executive Keith Miller after going public with plans to sell their 60pc stake.

The risk of collision between the Federal Reserve and the markets grew after the Fed governor said there was no plan to cut interest rates at the next policy meeting

TELSTRA is on a collision course with the ACCC after an internet service provider launched a broadband ADSL service that avoids the carrier's charging regime.

Controller error undone by cockpit alert over Indiana A Chicago-bound jet came within seconds of a midair collision at 25,000 feet over Indiana, but a cockpit safety device alerted the pilots flying the other plane of the danger ahead, officials said Wednesday.

Two buses transporting Oak Lawn high school students collided this morning resulting in minor injuries and closure of an intersection, police said.

What to get for the pet (or pet owner) who has everything? An auto insurance company thinks it has just the thing: collision coverage for customers' dogs or cats at no additional premium cost.

Progressive Corp. is providing collision coverage for customers' dogs or cats at no additional premium cost. It will pay up to $500 if a customer's dog or cat is hurt or dies in a car accident.

To a dog that loves drives in the car while sticking a head out a window to feel the wind, insurance isn't a concern.

South Korea's shipyards are booming, but can they fend off China? THE world's three biggest builders of ships, Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering, are polite but firm. A visit to their shipyards on South Korea's south-east coast is encouraged. A trip to their research and design centres, which house 5,249 naval researchers and architects, is not. South Korea's shipbuilders are particularly secretive because Chinese rivals are luring away many of their most highly qualified employees. The two countries are competing furiously to be the world's biggest builder of ships. Some analysts reckon that, on current trends, China could pass South Korea by 2012. The shipbuilding industry has boomed in recent years in tandem with the global economy. The world is making one ship a day, and older vessels which would normally have been scrapped are being kept afloat. "What goes up, goes down. The boom will not last," says Ki Won-kang, Daewoo's chief production officer. For now, however, the strong demand for ships has resulted in a shortage of about 2,000 skilled labourers, according to the Korea Shipbuilders' Association. The most highly qualified staff, some of whom earn $100,000 or more a year, are leaving for Shanghai and Guangzhou and even higher salaries and bonuses.