Business News Archive - March 10, 2009

BOGOTA, March 10 /PRNewswire/ -- Ecopetrol S.A.

OULU, Finland, March 10 /PRNewswire/ -- EB, Elektrobit Corporation (OMX: EBC1V) a developer of cutting-edge embedded technology solutions for automotive and wireless industries, is part of the ESSOR (European Secure Software Defined Radio) Program, a European Defence Agency (EDA) project, consisting of industrial companies from six participating member states, including EB, Finland; Indra, Spain; Radmor, Poland; Saab, Sweden; Selex, Italy and Thales, France.

PARIS, March 10 /PRNewswire-FirstCall/ -- Maurel & Prom and Ecopetrol have signed a share purchase agreement for the sale of Hocol Petroleum Ltd (Hocol Colombia), wholly owned by Maurel & Prom. The total transaction price, payable in cash, amounts to US$748 million and could be increased by the following earn-outs: - earn-out based on the level of the 2P reserves of the potential Huron field in the Niscota license; - earn-out linked to the level of the oil price. Moreover Maurel & Prom will keep the following assets: - 100% of the Muisca exploration permit; - 50% of the Hocol rights in the Tangara exploration permit (partnership with Ecopetrol and Talisman); - 100% of the Sabanero exploration permit; - 100% of the SN-9 exploration permit; - 100% of the Block 116 in Peru exploration permit; - its 26.35% stake in Lagopetrol in Venezuela; - its interests in Brasil (pending the final agreement). This transactio

PARIS, March 10 /PRNewswire-FirstCall/ -- Following the sale of its Colombian subsidiary, Hocol, for US$748 Million, as announced previously, Maurel & Prom is providing the following additional information: Sale of Hocol Maurel & Prom acquired Hocol in mid-2005 for a total of US$470 Million, including US$48 Million for Venezuela.

Drought-Tolerance Technology Crosses Another Key Regulatory Milestone LONDON, March 10 /PRNewswire-FirstCall/ -- Monsanto's historic investment in research and development in breeding and biotechnology has contributed to a 24 percent compound annual growth rate for the company's Seeds and Genomics segment since 2001.

LONDON, March 10 /PRNewswire/ -- Will new power plants be built and when is this likely to happen? Who will be building them? To what extent is the financial crisis affecting leading players in the industry? Frost & Sullivan will provide its perspective of the Power Generation Investment Market in Europe at the web conference which will take place on Tuesday, 24 March, at 3 pm GMT.

FBI Says an ID Theft Is Fastest Growing Crime: 13 IDs Stolen Every Minute in the U.S. PHOENIX, March 10 /PRNewswire/ -- Auto Services Company, Inc.

New Strategy Deters Terrorists By Monitoring for Dirty Bomb Materials Enhancing The Trend Toward Comprehensive Self Storage Security NORWALK, Conn., March 10 /PRNewswire-FirstCall/ -- LifeStorage announced today that it will install Defentect (OTC Bulletin Board: SLNH.OB) threat awareness solutions including its GT2(TM) gamma radiation sensors and DM3(TM) threat awareness software to extend existing security solutions at their ten suburban Chicago self storage facilities.

TORONTO, March 10 /PRNewswire-FirstCall/ - Sino-Forest Corporation (TSX: TRE and TRE.S) will host its fourth quarter and year-end 2008 earnings conference call and live webcast on Monday, March 16 at 8:30 am EST. Sino-Forest will release its Q4 and year-end results on Monday, March 16, 2009 prior to the conference call, a full copy of the company's earnings release, financial statements and management's discussion and analysis will be posted on its website under "Investor Relations - Earnings Releases" http://www.sinoforest.com/earningsreleases.asp or filed with SEDAR at www.sedar.com. The earnings release timing and conference call details are as follows: North America Asia (Eastern Time Zone) (HK Time Zone) ------------------------------------------------------------------------- Earnings release and (Mon) March 16 (Mon) March 16 presentation file: - before 7:00 am

SUNNYVALE, Calif., March 10 /PRNewswire-FirstCall/ -- Trimble (Nasdaq: TRMB) today announced that City Water, Light and Power (CWLP) in Springfield, Illinois has selected Trimble(R) UtilityCenter(R) software as the enterprise Geographic Information System (GIS) solution for mapping and managing the City's water infrastructure assets. CWLP's electric department currently uses UtilityCenter for GIS, mapping, outage management, and field staking, and the water department will begin using the software suite for GIS, mapping, and integration into their water system modeling solution. As part of a year-long project to map and collect data for CWLP distribution infrastructure, field crews will collect data to map water infrastructure field assets, such as 5,000 hydrants, 16,000 valves and 52,000 meters, using Trimble's handheld Global Positioning System (GPS) devices.

Word of the Day
  • An uxorious, effeminate, or spiritless man.
  • A timorous, cowardly fellow.
Probably a blend of meek and cock, or from meek +‎ -ock (“diminutive suffix”).