Business News Archive - May 12, 2009

FRANKFURT, Germany, May 12 /PRNewswire-FirstCall/ -- - Retail Revenue Exceeds EUR3 per Passenger - Forecast for 2009 is Cautious - Confidence for the Time After the Crisis Despite the economic and financial crisis, which has considerably depressed world air traffic since the end of 2008, Fraport AG realized a profit for the first quarter of 2009: Unadjusted Group revenue fell by 14.4 percent year-on-year to EUR452 million.

LONDON, May 12 /PRNewswire-FirstCall/ -- Profits at Imperial Tobacco have bucked the economic downturn with a 49% rise.

PARKERSBURG, W.Va., May 12 /PRNewswire/ -- Whether for the serious woodworker or the weekend do-it-yourselfer, tools and gadgets that improve the chances of your loved one completing the project at hand -- and actually enjoying it -- are always well received.

FORT WORTH, Texas, May 12 /PRNewswire/ -- Fathers are arguably the more difficult parent to shop for, especially when it comes to Father's Day.

WUHAN, Hubei, China, May 12 /PRNewswire-Asia/ -- China Automotive Systems, Inc., the "Company", (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced its 2009 first quarter financial results for the period ended March 31, 2009. -- First quarter 2009 net sales increased 7.8% year-over-year to $44.7 million; -- Net sales from steering components for passenger and light-duty vehicles increased 10.9% to $29.3 million; Net sales from steering components for commercial vehicles decreased to $9.7 million from $11.3 million; -- Income from operations was $7.1 million for the 2009 first quarter compared with $6.8 million in the 2008 first quarter; -- 2009 first quarter non-GAAP diluted EPS was $0.13 versus $0.18 in the 2008 first quarter, on 23.2% greater number of diluted shares outstanding in the 2009 first quarter; -- 2009 first quarter diluted EPS was $0.08 versus $0.18 in the

Congress Set to Needlessly Destroy Millions of Potential Replacement Car Parts FAIRFAX, Va., May 12 /PRNewswire/ -- Over the past week, environmentalists have been strongly expressing their disappointment regarding the "Cash for Clunkers" compromise legislation announced by Democrat lawmakers and President Barack Obama.

HOUSTON, May 12 /PRNewswire/ -- WATER STANDARD, a global vessel-based water desalination company, was honored with the "Desalination Deal of the Year" award at Global Water Intelligence's Global Water Awards Ceremony held Monday, April 27, 2009 in Zurich, Switzerland.

HOUSTON, May 12 /PRNewswire-FirstCall/ -- Gastar Exploration Ltd.

SANTIAGO, Chile, May 12 /PRNewswire-FirstCall/ -- White Mountain Titanium Corporation ("White Mountain" or the "Company") (OTC Bulletin Board: WMTM) reports that it has raised US$ 1 million through the exercise of 2 million warrants at US$ 0.50 by a European institutional investor.

- 1Q09 Revenue Increases 32.1% YoY to $18.5 Million - - 1Q09 Gross Margin Increases 859 Basis Points YoY to 52.0% - - 1Q09 Net Income Increases 49.6% YoY to $4.2 Million - -1Q09 Diluted EPS Increases 52.6% to $0.29 - NEW YORK, May 12 /PRNewswire-FirstCall/ -- China Natural Gas, Inc.

Word of the Day
  • The parings of haberdine; also, any kind of fragments.
The word 'gubbings' is a variant of the word 'gobbon', meaning 'a portion, gobbet.'