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Business News Archive - May 10, 2009

Crews take Aim at High-Voltage Transmission Lines MARION, Ill., May 10 /PRNewswire/ -- As more than 1,400 Ameren Illinois Utilities (AIU) field and support personnel work this Mother's Day to turn the lights back on in Southern Illinois, personnel continue to make repairs to the high-voltage transmission lines. When the "inland hurricane" struck Southern Illinois on Friday, transmission lines throughout the region suffered crippling damage.

The South Korean Ministry of Public Administration and Security says the government will offer 250,000 temporary jobs to help stimulate the economy. The government ministry said those hired for the temporary manual work positions will come from low-income and unemployed households throughout South Korea,

New cars have become more affordable given their lower price and new incentives offered by U.S.

New Investors Join all Previous Investors in the Financing DENVER, May 10 /PRNewswire/ -- ZettaCore, Inc., a developer of molecular materials and technology for current and next-generation semiconductor products, today announced that it has completed raising $21 million in a Series C financing that will allow the company to bring its technology to market.

GENEVA, May 10 /PRNewswire/ -- Aviation Partners, Inc. (API) confirmed today that both the U.S. Federal Aviation Administration (FAA) and European Aviation Safety Agency (EASA) granted Supplemental Type Certificate (STC) approval for its High Mach Blended Winglets on the Falcon 2000 Series.

Additional Personnel, Equipment Headed for Carbondale MARION, Ill., May 10 /PRNewswire-FirstCall/ -- Lights have been turned back on for about 28,600 Ameren Illinois Utilities (AIU) customers in Southern Illinois, while more than 1,400 field and support personnel continue to repair the extensive damage caused by Friday's inland hurricane. Throughout the day, field crews have encountered major unexpected damage to the AIU electrical distribution system in and around Carbondale.

China said Monday its consumer price index fell 1.5 percent in April from the year-ago level, the third straight monthly decline in the inflation index. The figures were announced by the National Bureau of Statistics, the state-run Xinhua news agency reported. China's CPI index had dropped 1.6 percent

CAIRO, May 11 /PRNewswire/ -- Electro-Motive Diesel, Inc. (EMD) has rolled out the first JT42CWRM 3,300 THP locomotive at the Egyptian National Railways (ENR) facility in Cairo, Egypt. EMD will be delivering 40 locomotives by the third quarter of 2009.

TRAVERSE CITY, Mich., May 11 /PRNewswire-FirstCall/ -- Aurora Oil & Gas Corporation (NYSE Alternext US: AOG) today reported a net loss for the quarter ended March 31, 2009 of $58.2 million or ($0.56) per basic and diluted common share. The loss includes the impact of a non-cash ceiling test write-down of oil and gas properties in the amount of $53.6 million attributable to the recent decline in natural gas prices.

Word of the Day
omadhaun
  • A fool; a simpleton: a term of abuse common in Ireland and to a less extent in the Gaelic-speaking parts of Scotland.
This word is partly Irish in origin.