Business News Archive - October 17, 2008

Jungle Disk provides online backup and storage services based on the Amazon S3 platform. Our software allows consumers and businesses to store their data securely online in multiple Amazon.com datacenters across the country. Company: Jungle Disk, Inc.

Chiyoda Corporation (TOKYO:6366)(ISIN:JP3528600004) announced the award of an EPC Competition Contract for participation in an EPC design competition of the LNG Plant and associated facilities for an ExxonMobil-operated Papua New Guinea (PNG) Liquefied Natural Gas Project.

Research and Markets (http://www.researchandmarkets.com/research/c01e7b/china_car_airbag_m) has announced the addition of the "China Car Airbag Market Report, 2008-2012" report to their offering.

Triple Point Technology(R), the leading global provider of multi-market commodity and enterprise risk management software solutions, announced today that Parallel Petroleum Corporation (NASDAQ:PLLL), an independent oil and gas company with proved reserves of 43.8 MMBOE, has selected Triple Point's Commodity XL for Fair Value Disclosure(TM) to provide credit-adjusted mark-to-market (MTM) and fair value level assignment for its energy commodity derivative transactions.

Dominion Hope, a subsidiary of Dominion, has filed a request with the West Virginia Public Service Commission for an increase in the base rates it charges for natural gas service that would increase the average residential bill by about $21 a month.

Centrica, through its British Gas Business division, has acquired Building Management System Integrators, which is engaged in the installation and contract servicing of building controls systems, for a cash consideration of GBP7 million.

French integrated energy operator Electricite de France has announced that it is beginning its community consultation on initial plans for a new nuclear power station on its site at Hinkley Point in the UK.

RWE has announced that 42 European companies took part in the fourth and last power auction held by the company in 2008. They purchased the complete lot of nearly 400MW power on offer for delivery in 2009.

Regulatory News: Technip (Paris:TEC) (ISIN:FR0000131708) has been awarded by Wintershall Noordzee B.V. a lumpsum contract, to assist in the development of the E-18 and P-9 gas fields in the Dutch sector of the North Sea.

Thales has won a $36.7m contract from the Abu Dhabi Airports Company to integrate communications at Abu Dhabi International Airport's new air traffic control center tower.

Word of the Day
  • Emitting flashes of light; glittering.
The word 'coruscant' comes from a Latin word meaning 'to flash' or 'to sparkle'.