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Business News Archive - June 24, 2009

SOUTHFIELD, Mich., June 24 /PRNewswire/ -- DENSO today announced that Yoshiki "Steve" Sekiguchi will be president and CEO of DENSO International America (DIAM), DENSO's North American headquarters, effective immediately.

A Chinese government expert says the country's economic downturn has bottomed, with second-quarter GDP growth expected to hit about 8 percent. Writing on the National Bureau of Statistics Web site, Guo Tongxin of the agency's comprehensive statistics department said government policies launched in the fourth quarter of last year helped prevent the economy from slumping, Xinhua reported. The state-run news agency said the economy is now showing positive changes with accumulating positive factors. China's gross domestic product grew 9 percent in the third quarter in 2008, 6.8 percent in the fourth quarter and 6.1 percent in the first quarter in 2009.

LONDON, June 24 /PRNewswire/ -- The global economic crisis is having an impact on the already poor performances of the water sector in Russia.

Innovative, High-Performance Adaptec Series 5Z Unified Serial(R) RAID Controllers Reduce Data Center Operating Costs, Enhance Data Protection, and Minimize Environmental Hazards MILPITAS, Calif., June 24 /PRNewswire-FirstCall/ -- Adaptec, Inc.

MUMBAI, India, June 24 /PRNewswire/ -- Growing concern over pollution and higher operating costs has forced the closure of foundries in developing countries.

CALGARY, June 24 /PRNewswire-FirstCall/ - Addax Petroleum Corporation ("Addax Petroleum" or the "Corporation") (TSX: AXC and LSE: AXC) announced today that it has entered into a definitive agreement (the "Support Agreement") with Sinopec International Petroleum Exploration and Production Corporation ("SIPC") pursuant to which SIPC has agreed, subject to the terms of the Support Agreement, to make an offer to acquire all of the outstanding common shares of Addax Petroleum by way of a negotiated take-over bid (the "Offer") for C$52.80 per common share in cash.

Shift to Accelerate Acquisition Strategy CALVERT CITY, KY, June 24 /PRNewswire-FirstCall/ - Four Rivers BioEnergy Inc.

Limited-Run Special Edition Soul is Another 'New Way to Roll' IRVINE, Calif., June 24 /PRNewswire/ -- Kia Motors America (KMA) today rolls out the first all-new special edition for the Soul model line, the 2010 Denim Kia Soul, a unique iteration of the popular urban passenger vehicle that further emphasizes Soul's cutting edge style and youthful, fun character.

SHANGHAI and NEW YORK, June 24 /PRNewswire-Asia/ -- Chemspec International Limited (NYSE: CPC) ("Chemspec") today announced the pricing of its initial public offering of 8,087,000 American Depositary Shares (ADSs), each of which represents 60 ordinary shares of Chemspec, at $9 per ADS.

WILMINGTON, Delaware, June 24 /PRNewswire-FirstCall/ -- Beacon Pennsylvania Holdings, a subsidiary of Beacon Redevelopment Industrial Corp.

Word of the Day
tessitura
  • The prevailing range of a vocal or instrumental part, within which most of the tones lie.
This word is Italian in origin and comes from the Latin 'textura,' web, structure.