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Business News Archive - May 05, 2009

ST. LOUIS, May 5 /PRNewswire-FirstCall/ -- Solutia Inc. (NYSE: SOA) announced today that it will be supplying Therminol(R) synthetic heat transfer fluid to a new 50 MW solar thermal power plant in Lebrija, Spain, which will start up in spring 2010.

The slump in oil and natural gas prices has left investors yearning for higher returns. Over 50% of the oil and gas drilling rigs are being shut down across the country as the cost associated with drilling is not profitable given the current pricing of energy.

SHANGHAI, May 5 /PRNewswire/ -- Held on April 22-28, the 13th International Automobile Industry Exhibition has become one of the most important global automotive industry events. 'Green' vehicles seem to be one of the highlights of the just-concluded show.

CAPE TOWN, South Africa, May 5 /PRNewswire/ -- Overall, the global economic downturn has affected sub-Saharan countries less severely than the rest of the world.

CAPE TOWN, South Africa, May 5 /PRNewswire/ -- Transformer equipment is becoming increasingly important as a means to relieve South Africa's electricity crisis.

MUMBAI, India, May 5 /PRNewswire/ -- The commercial aviation suppliers market in India is set to grow exponentially at a compound annual growth rate (CAGR) of 16.1 percent from 2007 to 2014. Low manufacturing and labor costs are expected to boost outsourcing to India.

- Wave Goodbye to the Office for Fares as Low as $29* - ORLANDO, Fla., May 5 /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 $29*.

MINNEAPOLIS, May 5 /PRNewswire/ -- The beauty industry is a multi-billion dollar business, with American women spending thousands of dollars each year on new products and treatments.

SAN DIEGO, May 5 /PRNewswire/ -- Hollander North America, Inc., a leading supplier of business solutions for automotive recyclers, has reached a settlement in its copyright infringement dispute with Progi-Pac, a Canadian supplier of French-language management and parts-interchange software for automotive recyclers.

First KIA Vehicle to Offer Heated and Cooled Seat System NORTHVILLE, Mich., May 5 /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(R) (CCS(R)) system will be offered as an option for the rear seats only in the new 2010 KIA Opirus full-size sedan.

Word of the Day
omphalos
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.
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