Business News Archive - January 22, 2008

Buckeye Partners has acquired Lodi Gas Storage, which owns a natural gas storage facility located in northern California, US, from an affiliate of ArcLight Capital Partners for a total cash consideration of approximately $432 million.

HOUSTON, Jan. 22, 2008 (PRIME NEWSWIRE) -- Hanover Gold Company Inc. (OTCBB:HVGO) today announced, as disclosed in its Current Report on Form 8-K filed on January 3, 2008, the appointment of its executive officers and directors as follows: Rocky V.

Bear Energy LP, a subsidiary of The Bear Stearns Companies Inc. (NYSE: BSC), was awarded Energy Risk's Deal of the Year for purchasing substantially all of Williams' (NYSE: WMB) power assets. In determining the award, Energy Risk considered innovation, scale and the complexity of the transaction.

General Moly, Inc. (AMEX:GMO) announced that the Company and M3 Engineering & Technology Corporation (M3) have entered into a contractual agreement for the engineering, procurement and construction management (EPCM) of the Mt. Hope molybdenum project.

By Nareerat Wiriyapong, Bangkok Post, Thailand Jan. 21--The SET-listed subway operator Bangkok Metro Plc (BMCL) expects to break even by 2011, even though this year it would likely fall well short of its original target of 300,000 daily passengers.

Word of the Day
  • A pivoted catch designed to fall into a notch on a ratchet wheel so as to allow movement in only one direction (e.g. on a windlass or in a clock mechanism), or alternatively to move the wheel in one direction.
The word 'pawl' probably comes from a Latin word meaning 'stake'.