Business News Archive - December 15, 2008

PARIS, December 15 /PRNewswire-FirstCall/ -- - CGGVeritas Announces the Success of its Voluntary Exchange Offer for Wavefield and Declares it Unconditional - 69.7% of Wavefield Shares Have Been Tendered - CGGVeritas Will Launch a Mandatory Offer for all Remaining Shares of Wavefield not Tendered to the Voluntary Exchange Offer CGGVeritas (ISIN: 0000120164 - NYSE: CGV) announced today the success of its voluntary exchange tender offer (the "Offer") made for all the shares of Wavefield Inseis ASA ("Wavefield") (OSE: WAVE) that closed on December 12, 2008 and declared the Offer unconditional. 90,140,114 Wavefield shares representing 69.7% of the share capital and the voting rights of Wavefield have been tendered to the Offer. CGGVeritas announces its decision to waive the 85% threshold condition to the Offer set forth in Section 4.5 of the Offer document dated November 25, 2008 and approved by the Oslo Stock Exchange (the "Offer Document").

BEIJING, Dec. 15 /PRNewswire-Asia/ -- From December 15th 2008, Air China will fly passengers from four cities in Mainland China; Tianjin, Hangzhou, Chengdu and Chongqing, to Taipei directly.

NEWPORT, Ky., Dec. 15 /PRNewswire/ -- Greater Cincinnati public relations and marketing firm Eisen Management Group will develop a comprehensive sales and marketing outreach program for one of the area's oldest private air charter organizations, Air Alpha.

CHICAGO, Dec. 15 /PRNewswire/ -- TransUnion.com released today the results of its analysis of trends in the auto lending industry for the third quarter of 2008.

HOUSTON, Dec. 15 /PRNewswire-FirstCall/ -- As previously disclosed, Particle Drilling Technologies, Inc. (Nasdaq: PDRT) ("Company") has entered into an agreement whereby it will initially receive $350,000 to fund the design, manufacturing and testing of a new 6 1/2"-size PID bit.

HOUSTON, Dec. 8 /PRNewswire-FirstCall/ -- Particle Drilling Technologies, Inc. (Nasdaq: PDRT) announced today plans to release its fiscal fourth quarter and year-end 2008 financial results on Monday, December 15, 2008 at approximately 7:00 a.m. eastern time (6:00 a.m. central).

With Japan in recession, business confidence among major manufacturers has taken a deep plunge in the country, its central bank said Monday. The Bank of Japan's closely watched Tankan index showed the confidence level in the past three months fell to minus 24, down 21 points from minus three points

HONOLULU, Dec. 15 /PRNewswire-FirstCall/ -- go! today reported preliminary passenger traffic figures for November 2008 and noted it achieved 55,591 passenger enplanements, a 1.27% increase over the 54,895 passengers carried in the prior November.

- Best In-Flight Services in North America - Best Airline for Business Class Service in North America - Best North American Airline for International Travel MONTREAL, Dec.

Word of the Day
  • Growing in low tufty patches.
The word 'cespitose' comes from a Latin word meaning 'turf'.