Business News Archive - June 12, 2008

Finnish electricity generator Fortum has announced that its Russian subsidiary TGC-10 has broken ground on the new Nyaganskaya combined-cycle power plant near Nyagan, a town situated in the gas and oil producing region in the Khanty-Mansisk Autonomous Region in western Siberia, Russia.

DALLAS, June 12 /PRNewswire-FirstCall/ -- Morgan Creek Energy Corp., (the "Company") (BULLETIN BOARD: MCKE, M6C1-Frankfrurt) has signed an Operating Contract with OPS Group Limited of Houston, Texas to act as its Operator in the Frio Draw field leases acquired by Morgan Creek in Curry County, New Mexico over the last two months.

ICON Aircraft, a start-up light sport aircraft manufacturer, officially introduced the company and its breakthrough product, the ICON A5, at a private unveiling last night in Los Angeles.

Hidalgo Mining International (PINKSHEETS: HMIT), an innovative mining company headquartered in Port Washington, N.Y., announced the ratification of its new Haitian Subsidiary, Hidalgo Mining Haiti, S.A.

Word of the Day
  • In Roman antiquity, the return of a person who had been banished, or taken prisoner by an enemy, to his old condition and former privileges.
  • In international law, that right by virtue of which persons and things taken by an enemy in war are restored to their former status when coming again under the power of the nation to which they belonged.
The word 'postliminy' comes from a Latin word meaning 'threshold'.