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Business News Archive - June 03, 2009

SCHIEDAM, The Netherlands, June 3 /PRNewswire/ -- Mammoet Salvage recently recovered a fuel truck loaded with diesel and a cabinet containing lube oil from Robson Bight near Vancouver Island in Canada.

SHANGHAI, June 3 /PRNewswire/ -- As an emerging industry globally, smart grid includes many fresh and vital technologies that are needed to make enormous progress in power grid development.

AMSTERDAM, June 3 /PRNewswire/ -- Mobileye N.V. announced today an agreement with Visteon Corporation whereby the two companies will jointly develop strategies and technologies that will control tomorrow's smart headlamp systems.

Kbb.com Market Intelligence Survey Details Consumers' Likeliness to Buy from Bankrupt Auto Manufacturer IRVINE, Calif., June 3 /PRNewswire/ -- Kelley Blue Book, www.kbb.com, the leading provider of new car and used car information, today announces the results of the latest Kelley Blue Book Market Intelligence survey of in-market new-car shoppers on kbb.com, detailing consumers' likeliness to buy a car from a bankrupt U.S.

LONDON, June 3 /PRNewswire/ -- - Roskill Information Services - The Economics of Chromium (11th Edition) - http://www.roskill.com/reports/chromium Demand for chromite increased by an annual average rate of 4% for the period 2000 to 2008, with ferrochrome consumption increasing by the same amount.

JOHANNESBURG, June 3 /PRNewswire-FirstCall/ -- Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) is pleased to announce that agreement has been reached in terms of which Gold Fields will sell its current 19.9% stake in Sino Gold Mining Limited (Sino Gold) (ASX: SGX, HKSE: 1862) to Eldorado Gold Corporation (Eldorado) (TSX: ELD, NYSE-A: EGO) for a total consideration of approximately US$282 million*. Gold Fields will receive a share exchange ratio of 48 Eldorado shares for every 100 Sino Gold shares, which will result in Gold Fields holding 27,824,654 Eldorado shares or approximately 7% of the outstanding shares of Eldorado on a fully diluted basis. In addition, Gold Fields will hold a top-up right for a period of 18 months, which will apply should Eldorado purchase an additional 5% or more of the outstanding shares of Sino Gold and the sellers in that transaction realize a consideration ratio in excess of the share exchange ratio of 0.48 Eldorado shares per Sin

TULSA, Okla., June 3 /PRNewswire-FirstCall/ -- Dollar Thrifty Automotive Group, Inc.

DULLES, Va., June 3 /PRNewswire-FirstCall/ -- GeoEye, Inc. (Nasdaq: GEOY), a premier provider of satellite, aerial and geospatial information, announced today the appointment of Joseph F. Greeves to the position of Executive Vice President and Chief Financial Officer. Mr.

By MELANIE KLAUSNER NEW YORK, June 3 /PRNewswire/ -- It's no secret that world-wide dependency on oil has reached an all time high. Since oil is a finite, non-renewable and heavily relied upon resource, the race to discover viable alternatives is hotter than ever.

Word of the Day
vermicular
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.
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