Business News Archive - December 12, 2008

FORT LAUDERDALE, Fla., Dec 12 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc.'s (OTC Bulletin Board: MDOR) announces 5 new types of rubber buffing product lines for current, new, and future clients. Production Manager Carol Larose stated, "We can now produce and customize our blades to meet our new & existing client needs and specifications; this allows Magnum to be more resourceful and versatile.

Inflation is easing in China but a Merrill Lynch report says China's economy could experience deflation as early as at the start of the New Year. China's consumer inflation and wholesale price inflation have been dropping since the start of 2008, when economists were concerned about preventing the overheating of the economy. At the end of November, China's annual consumer price index stood at 2.4 percent, down from 4 percent in October and from February's 12-year high of 8.7 percent.

Additional 18.75 per cent interest of offshore Gryphon Marin license area CALGARY, Dec.

POZNAN, Poland, December 12 /PRNewswire/ -- Yesterday at the Climate summit in Poznan, the Swedish government announced that it will provide USD 500 million to help developing countries to prepare, plan for and cope with the effects of climate change.

AMARILLO, Texas, Dec. 12 /PRNewswire-FirstCall/ -- Southwest Airlines today celebrates its 30th year of operation in Amarillo with a first born baby contest. The family of the first baby born in Amarillo on Dec 12, 2008, in either the North West Texas Health Care System or Baptist -- St.

ALICE, Texas, Dec. 12 /PRNewswire-FirstCall/ -- Forbes Energy Services Ltd.

India's industrial output in October fell for the first time in 15 years, down 0.4 percent from the same month of last year, it was announced Friday. The decline in the Index of Industrial Production resulted partly from a 12-percent decline in India's exports stemming form the global economic downturn, the Press Trust of India reported. The decline, the first such since April 1993, was especially significant as the country recorded 12.2-percent growth in industrial output in October of last year. The PTI report quoted policy makers as saying the latest decline was higher than expected.

CLEVELAND, Dec. 12 /PRNewswire-FirstCall/ -- The Sherwin-Williams Company (NYSE: SHW) announced it has closed a definitive agreement to acquire Euronavy-Tintas Maritimas e Industriais S.A.

House Speaker Nancy Pelosi, D-Calif., called on the White House to come up with plan to help U.S.

Word of the Day
  • The abrogation of a law by a higher authority; annulment.
  • In music, during the eighteenth century, a song or an instrumental piece similar to the serenade, intended for performance in the open air.
The word 'cassation' comes from the French 'cassation', from Latin 'casso' ("destroy, annul").