Business News Archive - February 13, 2009

PARIS, February 13 /PRNewswire-FirstCall/ -- - Operating Margin of 2.6% Against A Backdrop of Plummeting Automobile Production In the Fourth Quarter - Adaptation of the Break-Even Point to the Crisis - Increase in Free Cash Flow, Contained Debt, Preserved Liquidity Following the meeting of its Board of Directors yesterday, Valeo presented its consolidated accounts for the fourth quarter 2008 and its audited results for 2008. Simplified accounts for the fourth quarter and the first nine months (unaudited) In million euros 4th Quarter Change vs Reminder Change vs 2008 4th Quarter 9 months 2008 9 months 2007 2007 Total operating 1,789 -26.6% 7,026 -3.1% revenues Gross margin 208 -46.1% 1,106 -0.5% % of sales 11.9% -4.2 pts 16.0%

HOUSTON, Feb. 13 /PRNewswire-FirstCall/ -- Endeavour International Corporation (Amex: END) (LSE: ENDV) will participate in the Oil and Gas Investment Symposium Small Cap Conference hosted by Independent Petroleum Association of America (IPAA) on February 18, 2009 in Palm Beach, Florida. J.

SIERRA FOOTHILLS, MURPHYS, Calif., Feb. 13 /PRNewswire/ -- Kautz Family Vineyards, producers of several wine brands including Ironstone, announces the hiring of Kim Holden as Chain Accounts Manager.

PARIS, February 13 /PRNewswire-FirstCall/ -- Valeo and Michelin announced today the signature of a letter of intent to coordinate the development of electric and rechargeable hybrid vehicle systems such as the drive train, engine and battery cooling management, climate control, lighting, energy management and tires. This announcement demonstrates the willingness of the two Groups to contribute to the federation of companies around the development of these technologies in France, as encouraged by the French Government's "Automotive Pact". Valeo is an expert in electrical systems, engine management and climate control, and was a key supplier of the drive train for over 10,000 first generation electric vehicles developed by PSA Peugeot Citroen and Renault. Michelin, in addition to its range of tires and wheel assemblies, will contribute its know-how in the domain of Active Wheel and associated technologies. The technological developments of both partners are complementary i

CALGARY, Feb. 13 /PRNewswire-FirstCall/ - Addax Petroleum Corporation ("Addax Petroleum" or the "Corporation") (TSX: AXC and LSE: AXC), announces that Mr.

HAMILTON, Bermuda, Feb. 13 /PRNewswire-FirstCall/ -- Nabors Industries Ltd. (NYSE: NBR) today announced that it expects its fourth quarter results to be $0.80 to $0.82 per diluted share excluding a preliminary estimate of non- cash charges totaling $1.14.

2008 FULL YEAR OVERVIEW - EBITDAR of $891 million (before provision for cargo investigations), including EBITDAR of $934 million at Air Canada. - Operating loss (before provision for cargo investigations) of $74 million. - Gains on assets (primarily relating to the sale of units of Aeroplan and Jazz) of $946 million. - Net loss of $120 million. - Substantial issuer bid for common shares of $1.5 billion completed in January 2008. - Sale of Jazz units in January 2008 for net cash proceeds of $97 million. - Secondary offering of Aeroplan units in April 2008 for net cash proceeds of $343 million. - Sale of remaining stakes in Aeroplan and Jazz in June 2008 for net cash proceeds of $349 million and $85 million, respectively. - Substantial issuer bid for common shares of $0.5 billion completed in June 2008. FOURTH QUARTER OVERVIEW - EBITDAR of $102 million including EBITDAR of $108 million at

Word of the Day
  • an ornament or knob in the shape of a flower
  • In architecture, a floral ornament; specifically, the large conventional flower usually placed in the center of the abacus of a Corinthian capital or classic ceiling-caisson; also, the floreated termination of a Gothic finial.
[ "The word 'fleuron' comes from French."]