Business News Archive - November 24, 2009

TEL-AVIV, Israel, November 24 /PRNewswire-FirstCall/ -- ICL (TASE:ICL), a multinational fertilizer and specialty chemicals company, today reported results for the third quarter and nine months ended September 30, 2009. Financial Results for the Third Quarter Revenues: Revenues for the third quarter of 2009 were $1,347 million, up 24% as compared sequentially with $1,083 million for the second quarter of 2009.

HAIFA, Israel, November 24 /PRNewswire-FirstCall/ -- - Improvement in Net Margin - Reached 9% - Record Cash Flow in the Quarter and 9 Months: In the First Nine Months - A Cash Flow of US$ 57.9 M Compared to US$ 21.2 M in 2008 - Maintains EBITDA Margin - 16.6% (Excluding Non-Recurring Expenses) - Frutarom's Sales in the Third Quarter - US$ 111.6 M - The Company's revenues in the quarter and in the first nine months of the year were mainly affected by the following factors: - material revaluation in the US dollar rate compared to the European currencies and the NIS, in which most of the Company's sales are made - the moderating effects of the global economic crisis and the slowdown in the markets - the trend of destocking which ended during the third quarter - The company estimates that it maintained its market share among its customers - Frutarom maintains the operating margin i

CAPE TOWN, South Africa, Nov. 24 /PRNewswire/ -- Africa has garnered new interest from investors over the last year as the economic slowdown in developed economies has highlighted the growth potential on the continent.

OSLO, Norway, November 24 /PRNewswire/ -- Today Statkraft opens the world's first osmotic power prototype.

TSX-V Symbol: MXR OTC BB Symbol: MXROF Frankfurt: M1D VANCOUVER, Nov. 24 /PRNewswire-FirstCall/ - MAX Resource Corp.

LONDON, Nov. 24 /PRNewswire/ -- In the wake of a recession that gravely affected the recycling segment and dropped collection volumes, Frost & Sullivan predicts the recycling waste market to start to rebound by late Q4 2009.

MOSCOW, Nov. 24 /PRNewswire/ -- Argus, the international energy price reporting agency, has begun regular coverage of the new Russian East Siberia-Pacific Ocean (ESPO) Blend crude oil.

GIVAT SHMUEL, Israel, November 24 /PRNewswire-FirstCall/ -- Cimatron Limited (Nasdaq: CIMT), a leading provider of integrated CAD/CAM solutions for mold, tool and die makers as well as manufacturers of discrete parts, announced that it will exhibit its latest Die Design solution at the BLECHEXPO Die Making Tradeshow in Germany (Hall 4, Booth 4208-1), December 1-4, 2009. New enhancements to the Die Design solution increase automation, improve analysis capabilities, and handle changes across the entire die design process including forming, strip and tool design. Enhancements include: - Ability to pre-define parameters related to tool design and material used in order to further automate the tool design process. - Improvements to dedicated applicative tools: The time-saving unbending capabilities have been enhanced to work in more situations including "unfold" and "L-Unbend", for unbending sharp corners. - New piercing design functionality allow