- The Washington Times - Monday, February 25, 2008


• The national average price for gasoline is 16 cents higher than it was two weeks ago, according to the Lundberg Survey of 7,000 stations nationwide. The average price of self-serve regular gasoline on Friday was $3.10 a gallon, mid-grade was $3.22 and premium was $3.33.

Electronic Arts Inc. said it is pushing ahead with a bid to take over upstart gaming rival Take-Two Interactive Software Inc., despite rebuffs from the smaller company. EA said it was making an all-cash bid of $26 per share, or about $2 billion, for New York-based Take-Two, known for its “Grand Theft Auto” franchise.

Microsoft Corp. said it will stop making HD DVD players for its Xbox 360 video game system after Toshiba Corp. ceded the high-definition video format battle to Sony Corp.’s Blu-ray. Microsoft said it would continue to provide standard warranty support for its HD DVD players.

Northwest Airlines Corp.‘s pilot leaders failed to vote on a report from union negotiators seeking a way to mesh their ranks with counterparts at potential merger partner Delta Air Lines Inc. Leaders of the Air Line Pilots Association at Northwest received a report on “cooperative merger exploration” yet ended a two-day meeting Feb. 22 without voting on anything, according to an update on the union’s Web site.


Virgin Atlantic carried out the world’s first flight of a commercial aircraft powered with biofuel in an effort to show that it can produce less carbon dioxide than normal jet fuels. Some analysts praised the jumbo jet test flight from London to Amsterdam as a potentially useful experiment. But others criticized it as a publicity stunt and noted that scientists are questioning the environmental benefits of biofuels.

• Former Mexican presidential candidate Andres Manuel Lopez Obrador asked supporters to shut airports, oil facilities and highways next month when President Felipe Calderon introduces a plan to open the state oil industry to investment. “The country’s oil belongs to the people, even the most humble,” Mr. Lopez Obrador told protesters outside state-owned Petroleos Mexicanos headquarters in Mexico City.

From wire dispatches and staff reports

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