Bing captures 12.9% of market
Bing, Microsoft’s new search engine, is capturing a growing share of the market, but not at Google’s expense. Bing’s share of the U.S. search market grew to 12.9 percent in early June, while Yahoo’s fell to 10.15 percent. Google’s share of more than 70 percent was virtually unchanged.
The New York Times
OPEC cuts oil exploration and production
With the recession and improved energy efficiency squelching demand for oil, the OPEC countries will cut investment in exploration and production by as much as $55 billion through 2013, the group says. Member countries have already canceled $35 billion in long-term projects.
The Wall Street Journal
Metal prices soar
Despite the worldwide recession, metal prices are soaring. The price of scrap steel, a key ingredient in automotive-grade steel, has jumped 46 percent recently, and could force carmakers to raise prices regardless of weak demand.
GM to end 62-year presence in Delaware
When the General Motors plant in Wilmington, Del., closes down on July 27, it will end the auto industry’s 62-year presence in Delaware. GM was long the state’s second-largest employer, after DuPont.
Airlines improve flight arrival times
Slightly more than 80 percent of flights by the 19 largest U.S. air carriers arrived within 15 minutes of their scheduled time in May, a slight improvement from April. Many airlines improved their performances by adding 10 to 15 minutes to their scheduled flight times.
United Press International