BUSINESS BRIEFS
Detroit papers cut back deliveries
Advertiser Staff
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Missing from the doorsteps and driveways of many Michigan homes this morning: newspapers.
In a move aimed at ensuring their survival in the digital age, The Detroit News and the Detroit Free Press are reducing home delivery to the three days a week most popular with advertisers — Thursdays, Fridays and Sundays.
Slimmed-down newspapers will be available in news racks and convenience stores the other four days.
The Detroit publishers hope to cut costs significantly, without sacrificing staff, to survive a recession that has exacerbated losses from ads shifting to the Internet.
U.S., JAPAN TO FORM STUDY GROUP
TOKYO — The Japanese and U.S. governments will form a group to jointly study state-of-the-art technologies in eight fields, including solar power generation and biofuels, the Yomiuri Shimbun reported.Japan and the U.S. hope to play a leading role on key global issues by strengthening collaboration in the environment and energy fields — areas likely of increasing economic importance to both nations.
AIRLINES CUTTING TICKET PRICES
This summer could be one of the cheapest in recent memory to fly as airlines aggressively slash ticket prices to fight a falloff in travel caused by the recession.Data analyzed by travel site www.Travelocity.com show fares over the Memorial Day holiday weekend — the start of the summer season — are down sharply.
The average domestic holiday round trip booked as of last Monday is $295, down about 10 percent from a year ago.
