Business News Archive - May 03, 2007

By Anna Maria Samsudin TENAGA Nasional Bhd (TNB) is quitting its coal mining venture in Indonesia following an agreement with PT Pamapersada Nusantara (PAMA) to sell its entire 99 per cent in PT Dasa Eka Jasatama (DEJ) for US$19.5 million (RM66.69 million).

HOLLYWOOD, Fla. and LONDON, May 3, 2007 (PRIME NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) and British Airways today jointly announced that they had entered into a long term Alternative Parts Supply, Development and Management Agreement.

Siemens Power Generation (PG) has been awarded contracts to supply equipment to repower the Co-op City power plant located in Bronx, New York. The 40-megawatt-natural gas-fired plant will be an integral part of Riverbay Corporation's capital improvement plan.

OTTAWA (CP) - The Royal Canadian Mint has unveiled the world's first 100 kilogram pure gold coin. Listed as 99.999 per cent pure gold bullion, the new pizza-size coin is mainly a promotional product to give the mint a higher international profile.

FORT WORTH, Texas, May 3 /PRNewswire-FirstCall/ -- American Airlines and the Dallas/Fort Worth International Airport Board announced today that American will lease a 344,000 square-foot maintenance hangar on the east side of the airport.

ST. GEORGE, Utah, May 3 /PRNewswire/ -- SkyWest Airlines, a subsidiary of SkyWest, Inc. and the nation's largest independently owned regional airline, is hosting a career fair Tuesday, May 8 from 10 a.m. to 6 p.m. at the DoubleTree Hotel, 3203 Quebec Street.

Word of the Day
  • The horn of a unicorn considered as a medical or pharmacological ingredient.
  • A winged horse with a single horn on its head; a winged unicorn.
The word 'alicorn' comes from Italian alicorno, already associated with unicorns and reinterpreted, popularized by Bearing an Hourglass (1984) and other fantasy novels by Piers Anthony.