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
  • A murmuring sound; a rushing or whistling sound, like that of the wind; a deep sigh.
  • A gentle breeze; a waft; a breath.
  • Any rumor that engages general attention.
  • A cant or whining mode of speaking, especially in preaching or praying; the chant or recitative characteristic of the old Presbyterians in Scotland.
  • To make a rushing, whistling, or sighing sound; emit a hollow murmur; murmur or sigh like the wind.
  • To breathe in or as in sleep.
  • To utter in a whining or monotonous tone.
According to the OED, from the 16th century, this word is 'almost exclusively Scots and northern dialect until adopted in general literary use in the 19th.'