Business News Archive - March 31, 2009

PARIS, March 31 /PRNewswire-FirstCall/ -- Activity in 2008 - Net production up 27% to 15,704 b/d over 2008 (17,396 boepd including Venezuela) - 2008 revenue up 33% to EUR385.2m - Operating profit up 310% to EUR95.5m - Net income up to EUR62.5m, after recognition of financial loss of EUR4.9m - Investments of EUR539m - Exploration works and studies: EUR219m - Development investment: EUR292m - Investments in oil services: EUR28m - Certified reserves net of royalties up substantially - P1: 95 Mboe up by 93% - P1+P2: 210 Mboe up by 67% - Replacement rate for P1 reserves: 796% - Replacement rate for P1+P2 reserves: 1,362% - Objective 2010(1) : achievement of 89% as of 01/01/2009 Sale of Hocol Colombia - Sale of Hocol: memorandum signed on 10 March 2009 with Ecopetrol - Sale price: US$748m + earn outs - Effective date: 1 January 2009 Strategy and activity action plan - Or

NIEUWEGEIN, The Netherlands, March 31 /PRNewswire-FirstCall/ -- Mr. W.P.M.

Posit Science and Allstate Offer Software in Pennsylvania SAN FRANCISCO, March 31 /PRNewswire/ -- Posit Science, the brain fitness company, announced today that it has extended its relationship with auto insurer Allstate.

In connection with the Church's rapid international growth and the continuing expansion of its spiritual headquarters in Florida, the Church of Scientology held the grand opening of the Fort Harrison, the second facility completed in just the last 18 months to accommodate the influx of thousands of parishioners to the Church's spiritual headquarters and religious retreat CLEARWATER, Fla., March 31 /PRNewswire/ -- As part of its continuing expansion, on March 14, 2009 the Church of Scientology Flag Service Organization Religious Retreat held the grand opening of the fully rebuilt Clearwater landmark Fort Harrison.

Maintained Profitability in a Difficult Operating Environment Financial Highlights -- Operating revenue amounted to approximately Rmb36,836 million, representing an increase of 12.43% over the Previous Year. -- Net profit attributable to equity holders of the Company amounted to approximately Rmb761 million (2007: Rmb3,564 million). -- Basic earnings per share attributable to equity holders of the Company amounted to approximately Rmb0.06 (2007: Rmb0.31 per share). -- The board of directors has recommended the distribution of proposed dividend of Rmb0.11 per share (tax included) for the year of 2008. HONG KONG, March 31 /PRNewswire-Asia/ -- Datang International Power Generation Co., Ltd.

HELSINKI, March 31 /PRNewswire/ -- Sitra, the Finnish Innovation Fund, and the city of Helsinki are launching an international competition for building a sustainable and innovative block in the Western Harbor of Helsinki.

HONG KONG, March 31 /PRNewswire-Asia/ -- CNOOC Limited (the "Company" or "CNOOC Ltd.", NYSE: CEO; HKEx: 0883) is pleased to announce today that its annual result for the 12 months ended December 31, 2008 hits another record high. (Logo: http://www.prnasia.com/xprn/sa/200701301659.jpg ) During the period, our net production reached 195.4 million (mm) barrels of oil equivalent (BOE), representing a strong growth of 14.0% from 2007.

- Get Back Into the "Swing" of Things with Fares as Low as $39* - ORLANDO, Fla., March 31 /PRNewswire-FirstCall/ -- AirTran Airways, a subsidiary of AirTran Holdings, Inc. (NYSE: AAI), today launched a sale for travel to all the airline's destinations with fares starting as low as $39*.

HOUSTON, March 31 /PRNewswire/ -- When Sara Cotner and Matt Bradford of Houston, TX, set out to plan their wedding, they decided on a budget limit of only $2,000. Seven months later, they held that wedding and a reception for 80 people... and came in under budget.

NORTHVILLE, Mich., March 31 /PRNewswire-FirstCall/ -- Amerigon Incorporated (Nasdaq: ARGN), a leader in developing and marketing products based on advanced thermoelectric (TE) technologies, today announced that its proprietary Climate Control Seat(TM) (CCS(TM)) system has been selected by Toyota Motor Corporation to be included as an optional feature in the redesigned 2010 Toyota Crown Majesta full-size premium luxury sedan.

Word of the Day
  • The horn of a unicorn considered as a medical or pharmacological ingredient.
  • A winged horse with a single horn on its head; a winged unicorn.
The word 'alicorn' comes from Italian alicorno, already associated with unicorns and reinterpreted, popularized by Bearing an Hourglass (1984) and other fantasy novels by Piers Anthony.