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Business News Archive - December 19, 2008

MIAMI, Dec. 19 /PRNewswire-FirstCall/ -- Emerging green energy holding company HydroGenetics, Inc. (http://www.hydrogeneticsusa.com) (Pink Sheets: HYGN) announced today the execution of a Binding Letter of Intent to acquire Buffalo Biodiesel, Inc.

LONDON, Dec. 19 /PRNewswire/ -- The 2008 Frost & Sullivan European Uninterruptible Power Supplies (UPS) Growth Strategy Leadership Award is presented to Chloride.

NOTTINGHAM, England and CLEVELAND, Ohio, December 19 /PRNewswire/ -- US based specialty chemicals producer OM Group, Inc.

SAN DIEGO, Dec. 19 /PRNewswire-FirstCall/ -- Solera Holdings, Inc.

Japan's central bank cut the key interest rate to 0.1 percent from 0.3 percent Friday to bolster the economy and arrest the yen's appreciation. The Bank of Japan's second interest rate cut in three months came on the same day that the government forecast zero GDP growth for fiscal 2009 starting in April. Japan's export-driven economy, which is already in recession because of the global financial turmoil, has seen the yen appreciate sharply in recent weeks against the U.S.

Japan's Panasonic Corp. Friday offered 131 yen a share, or about $6.3 billion, for the 70.5 percent stake held by three major holders in Sanyo Electric Co. The three Sanyo stakeholders are Goldman Sachs Group Inc., Daiwa Securities SMBC Co.

SHANGHAI, China, Dec. 19 /PRNewswire-Asia/ -- The official press conference for the 13th Shanghai International Automobile Industry Exhibition ("Auto Shanghai 2009") was successfully held on December 11 in the Four Seasons Hotel, Shanghai.

SAN FRANCISCO and WUXI, China, Dec. 19 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd.

Word of the Day
baudekin
  • A rich embroidered or brocaded silk fabric woven originally with a warp of gold thread.
'Baudekin' seems to be an alternative form of 'baldachin,' from the Italian 'Baldacco,' Baghdad, the city where the material was made.
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