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Business News Archive - June 11, 2009

PARIS, June 11 /PRNewswire/ -- Saft announces the refinancing of its credit facilities.

Industry Leaders Rally to Modernize Passenger and Freight Railroad Systems ARMONK, N.Y., and BEIJING, June 11 /PRNewswire-FirstCall/ -- Today IBM (NYSE: IBM) opened a new Global Rail Innovation Center that will bring together the world's foremost industry leaders, researchers and universities to advance next-generation rail systems. Founding members of the Center's Advisory Board include leading representatives and organizations in the railroad community: Judge Quentin L.

TSX Venture Exchange Symbol: SNV VANCOUVER, June 11 /PRNewswire-FirstCall/ - SONIC Technology Solutions Inc. ("SONIC" or "the Company") is pleased to announce today that Roger Lott has agreed to serve as a heavy oil Advisor to Sonic. Mr.

BEIJING, June 11 /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, and Australia-based Rocklands Richfield Limited ("Rocklands Richfield" or "RCI") today announced that they have agreed to postpone the establishment of the joint-venture that was announced on February 25, 2009. "After discussions with RCI, we believe it is in the best interest of our shareholders to put this joint venture on hold," explained Mr.

- Airline Continues Trend of Expanding Routes in Existing Markets - ORLANDO, Fla., June 11 /PRNewswire-FirstCall/ -- AirTran Airways, a subsidiary of AirTran Holdings, Inc.

PITTSBURGH, June 11 /PRNewswire/ -- Fiances have a new reason to celebrate. Large diamonds are poised to become more affordable with the issue of a new patent granted to Dr. Zalman M. Shapiro for creating gem-quality stones.

SeatGuru Survey Shows Flyers Value Cleanliness & Full Meals - Are Airlines Listening? BOSTON, June 11 /PRNewswire/ -- SeatGuru(R), the web's most comprehensive resource for airline information, today announced the results of its 2009 survey of more than 1,600 flyers.

-Airline Offers Low Fares to Our Nation's Capital for Wisconsin Residents- ORLANDO, Fla., June 11 /PRNewswire-FirstCall/ -- AirTran Airways, a subsidiary of AirTran Holdings, Inc.

~Funded term loan of $75 million from WL Ross & Co. with potential to increase to $150 million~ ~Investment provides flexible capital that will serve as a platform for future growth~ ~Existing revolving credit facility also amended to increase flexibility~ LAKE OSWEGO, Ore.

GREENWICH, Conn., June 11, 2009 /PRNewswire-FirstCall/ -- Genesee & Wyoming Inc. (GWI) (NYSE: GWR) today reported traffic volumes for May 2009. GWI's traffic in May 2009 was 61,043 carloads, a decrease of 2,993 carloads, or 4.7 percent, compared with May 2008.

Word of the Day
abrosia
  • Wasting away as a result of abstinence from food.
The word 'abrosia' comes from a Greek roots meaning 'not' and 'eating'.