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Last updated on April 19, 2014 at 5:20 EDT

Business News Archive - April 16, 2009

China has set a goal of creating 1.5 million new jobs in the electronics and information technology industries over the next three years, officials say. Electronics manufacturing and the IT sector are expected to contribute at least 0.7 percentage points to China's annual gross domestic product growth from 2009 to 2011, compared with 0.8 percentage points last year, a State Council projection released Wednesday shows..

China released figures Thursday showing its economy grew by 6.1 percent in the first quarter, its worst showing in a decade. The growth rate was 4.5 percentage points lower than the first quarter of 2008 and down 0.7 percentage points from the previous quarter, Xinhua reported.

LONDON, April 16 /PRNewswire/ -- Faced with concerns about the climate change and global warming, various industry groups hold up clean coal as a solution. The power generation market is characterised by rising energy demand and fossil fuels' growing importance in the energy mix.

CAPE TOWN, South Africa, April 16 /PRNewswire/ -- Botswana faces a severe electricity crisis, which has been compounded by a similar crisis in neighbouring South Africa.

CAPE TOWN, South Africa, April 16 /PRNewswire/ -- Continued demand from the largest end-user sector - metals, minerals and mining - will sustain revenues in the South African gearboxes and geared motors market.

CAPE TOWN, South Africa, April 16 /PRNewswire/ -- The South African industrial paint market is benefiting from the country's infrastructure spending and other capital-intensive projects in the manufacturing sector.

Jazz Semiconductor Joins Cool Planet Project NEWPORT BEACH, Calif., April 16 /PRNewswire/ -- To reduce the company's carbon footprint and significantly increase efficiencies, Jazz Semiconductor, a Tower Group Company (Nasdaq: TSEM; TASE: TSEM), and leading Orange County chipmaker, is conducting an efficiency overhaul in the operation of its globally competitive 24/7 fabrication facility.

- Take Advantage of Your Return with Fares as Low as $39* - ORLANDO, Fla., April 16 /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*.

YAHUD, Israel, April 16 /PRNewswire-FirstCall/ -- Magal Security Systems Ltd. [NASDAQ: MAGS; TASE: MAGS] announced today the appointment of Mr. Zev Morgenstern as its new Chief Financial Officer. As of today Mr. Morgenstern will replace Ms.

YAHUD, Israel, April 16 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ GM: MAGS; TASE: MAGS), today announced that Mr. Hagai Katz has joined the Company as General Manager of the Magal Israel Division, and will be reporting directly to Yoav Stern, Acting President & CEO. Mr.