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Business News Archive - March 30, 2009

LONDON, March 30 /PRNewswire/ -- After a rough end to 2008, 2009 looks to be a promising year for the renewable energy industry. Companies are and will be facing a few challenges, but the market is expected to rise once again.

TEL AVIV, Israel, March 30 /PRNewswire-FirstCall/ -- Highlights: 2008 2007 Q4 2008 Q4 2007 Sales $6,904M $4,103M $1,118M $1,213M *Adjusted: Operating income $2,589M $743M $297M $226M Net income $2,202M $553M $279M $173M Gross margin 52.4% 38.0% 44.8% 40.7% Operating margin 37.5% 18.1% 26.6% 18.6% Net margin 31.9% 13.5% 25.0% 14.3% Israel Chemicals Ltd.

Detroit Electric to produce and market full line of innovative Pure Electric vehicles in US, UK, EU and China beginning 2010 KUALA LUMPUR, Malaysia, March 30 /PRNewswire-USNewswire/ -- Detroit Electric Holdings Ltd and PROTON Holdings Berhad today announced a strategic partnership to mass produce Pure Electric Vehicles.

TEL AVIV, Israel, March 30 /PRNewswire-FirstCall/ -- Israel Chemicals Ltd. ("ICL") (TASE:ICL), a multinational fertilizer and specialty chemicals company, today announced that its Board of Directors has appointed Ms. Lisa Haimovitz, Adv., as ICL's new General Counsel and Company Secretary.

BEIJING, March 30 /PRNewswire-Asia/ -- Sino-Global Shipping America, Ltd. (Nasdaq: SINO) ("Sino-Global" or the "Company"), a leading, non-state-owned provider of shipping agency services operating primarily in China, today announced new cost-cutting measures in response to the weakened global shipping industry.

Editors Test, Compare Seven New Vehicles in Popular Compact Sedan Segment, Declare Civic Winner IRVINE, Calif., March 30 /PRNewswire/ -- Kelley Blue Book www.kbb.com, the leading provider of new car and used car information, today announces the results of the kbb.com expert editorial staff's highly comprehensive compact sedan comparison test between seven of the top new cars in the class, and declares the 2009 Honda Civic the winner.

CAMBRIDGE, England, March 30 /PRNewswire-FirstCall/ -- AVEVA today announced the acquisition of iDesignOffice Pty Ltd, a technology company based in Melbourne, Australia.

Continental and Orbital agree on restructured joint venture scope to accelerate Synerject growth and profits. Orbital becomes Continental's exclusive representative for specific CNG and LPG products for passenger cars, transport and mining applications in Australia and New Zealand. Synerject pays a special dividend of US$2.25m to each of Orbital and Continental. Continental will take a majority interest in Synerject by the purchase of 8% of Synerject from Orbital. PERTH, Australia, March 30 /PRNewswire-FirstCall/ -- International clean energy technology group, Orbital Corporation Limited (ASX: OEC - "Orbital"), together with Continental Corporation has changed the commercial and ownership arrangements of their joint venture, Synerject LLC. Orbital said today that it had settled a long standing arrangement to take up 10% of Synerject shares to maintain a 50:50 joint ownership with Continental by payment of US$4 million.

Streetside Classic Cars, formerly Gateway Classic Cars of Charlotte, has recently launched its new website, www.streetsideclassics.com.

GREENWICH, Conn., March 30 /PRNewswire/ -- SP Newsprint Co., LLC announced today that it will take market related downtime at its mill in Newberg, Oregon. The mill will be down from April 1, 2009 through April 23, 2009.

Word of the Day
caparison
  • A cloth or covering, more or less ornamented, laid over the saddle or furniture of a horse, especially of a sumpter-horse or horse of state.
  • Clothing, especially sumptuous clothing; equipment; outfit.
  • To cover with a caparison, as a horse.
  • To dress sumptuously; adorn with rich dress.
This word ultimately comes from the Medieval Latin 'cappa,' cloak.
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