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Business News Archive - May 18, 2009

BERWICK, Pa., May 18 /PRNewswire-FirstCall/ -- Unit 2 at PPL Corporation's Susquehanna nuclear power plant in Luzerne County, Pa., resumed generating electricity for customers on Monday (5/18) after a scheduled refueling and maintenance outage -- one of the most complex in plant history -- was completed successfully. "During this outage, workers replaced about 40 percent of the uranium fuel and completed a large number of equipment maintenance tasks and upgrades, all of it aimed at improving plant safety, reliability and performance," said Neil Gannon, vice president-Nuclear Operations for PPL Susquehanna.

Venture Marks First Major Bahamian Exploration Project in 22 Years PERTH, Australia, May 18 /PRNewswire/ -- Energy exploration company, BPC Limited (THE COMPANY: (AIM: 'BPC')) today announced a new offshore joint venture with Norway's StatoilHydro (OSE: 'STL', NYSE: STO) to launch the first major exploration project in Bahamian waters since 1986.

HAIFA, Israel, May 18 /PRNewswire-FirstCall/ -- - Consolidated net Income Increases to $75 Million, Compared to $2 Million in First Quarter 2008 - Adjusted Refining Margin USD/bbl 4.4, net of Change in Inventory Values and IFRS Impact, 30% Higher Than USD/bbl 3.4 Reuters' Mediterranean Ural Cracking Margin Benchmark - Refining Sector Adjusted EBITDA[i] Reached $32 Million, Compared to $2 Million Loss in First Quarter 2008 Oil Refineries Ltd.

PARSIPPANY, N.J., May 18 /PRNewswire/ -- DSM announced today that its proprietary XD(R) Technology boosts bioreactor productivity and titers of mammalian cell culture processes by 5-10 fold for the production of proteins and antibodies. Recent studies completed at the R&D labs of DSM Biologics in Groningen, The Netherlands demonstrated that the yields from CHO-based cell cultures can be increased 5-10 fold over their previous fed-batch processes using only off the shelf, commercially available media.

HELSINKI, May 18 /PRNewswire/ -- In Finland, leaders in various fields have taken up the challenge presented by the increasing use of natural resources.

BEIJING, May 18 /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 its selected unaudited financial results for its third fiscal quarter of 2009 ended March 31, 2009. Highlights for the Third Quarter of 2009 -- Revenues were US$3.3 million, an increase of 8.4% from US$3.0 million in the third quarter of 2008. -- Gross margin was 24.2%, compared to 12.3% in the third quarter of 2008. -- Operating margin was -7.5% in the third quarter of 2009, compared to -9.3% in the third quarter of 2008. -- On April 27, 2009, Sino-Global announced that it had established branch offices in the ports of Yantai and Yingkou, enabling the Company to offer a full range of shipping agency services in two additional ports that serve approximately 8.7 million people. -- On October 9, 2008

The Food & Shops at Philadelphia International Airport and New York's LaGuardia Airport Partner to Offer Travelers Budget-Friendly Dining Choices NEW YORK and PHILADELPHIA, May 18 /PRNewswire/ -- The Food & Shops at Philadelphia International Airport and LaGuardia Airport have announced a new "WOW! $5 CHOW!" program designed to help travelers get more for their money when dining at these airports. Developed by MarketPlace Development at LaGuardia Airport and MarketPlace Philadelphia Management at Philadelphia International Airport, the WOW! $5 CHOW! program will officially launch in May and offer a variety of menu choices for breakfast, lunch and dinner.

TSX: MAI NASD-OTCBB: MNEAF SPOKANE, WA, May 18 /PRNewswire-FirstCall/ - Minera Andes Inc.

HAIFA, Israel, May 18 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. (NASDAQ:ESLT) announced it has been awarded a contract valued at EUR25 million to supply the Austrian Army with Elbit Systems' new 12.7mm unmanned Electrically Remote Controlled Weapon Stations.

AZOUR, Israel, May 18 /PRNewswire-FirstCall/ -- Ituran Location and Control Ltd.