Business News Archive - June 30, 2009

HOUSTON, June 30 /PRNewswire-FirstCall/ -- Endeavour International Corporation (Amex: END) (LSE: ENDV) today announced that the Tesla exploratory well 22/24c-11 in the United Kingdom Central North Sea has been plugged and abandoned after failing to encounter gas condensate in commercial quantity. The well was drilled to a total depth of 15,291 feet to test the gas condensate reserve potential of the Triassic sandstone.

LONDON, June 30 /PRNewswire/ -- Demand for fresh water is increasing around the world, especially in regions with rapidly growing populations and badly affected by long, drought seasons.

Funding Comes As Traffic and Revenue Grow Substantially With Owned and Operated Network of 38 automotive websites PALO ALTO, Calif., June 30 /PRNewswire/ -- High Gear Media (www.highgearmedia.com), a publisher of automotive digital media, announced today it has completed a $5.5 million Series B funding round that brings the company's total capital raised to $12 million.

Wavestream has delivered over 600 Ka-band SSPAs to General Dynamics to date for the Army's Satellite Transportable Terminals (STTs) SAN DIMAS, Calif., June 30 /PRNewswire/ -- Wavestream Corporation (www.wavestream.com), a manufacturer of new-generation solid-state power amplifiers (SSPAs), has just received orders totaling more than $50 Million from General Dynamics SATCOM Technologies which uses Wavestream's Ka-band SSPA with integrated block upconverter (BUC) on the Army's new Satellite Transportable Terminal (STT).

NORTH LAUDERDALE, Fla., June 30 /PRNewswire/ -- RoadCare Plus, a Florida based, roadside assistance network announces an "Independence Celebration with a 3 Million Giveaway" of 1 Million Meals, 1 Million Gallons of Gasoline and 1 Million Dollars to Charities.

BAODING, China, June 30 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced that it closed the sale of an additional 2,790,000 American Depositary Shares ("ADSs"), each representing one ordinary share of Yingli Green Energy, at the public offering price of US$13.00 per share, pursuant to the over-allotment option exercised in full by the underwriters of its recent follow-on offering, which priced on June 16, 2008. The exercise of the over-allotment option brings the total number of ADSs sold by Yingli Green Energy in the follow-on offering to 18,390,000 and the aggregate net proceeds received by Yingli Green Energy to approximately US$227.4 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. This press release does not constitute an offer to sell o

DARESBURY, England, June 30 /PRNewswire/ -- - Including the First Commercially Available Displays & Thermostats Packaged for Utilities & Companies to Trial Vesternet.com - the ZigBee eCommerce store - has packaged several of the first commercially available Smart Energy Certified products for companies to test real world smart metering applications. ZigBee Smart Energy is rapidly becoming the de facto standard of choice for smart grid deployments worldwide.

SUNNYVALE, Calif., June 30 /PRNewswire-FirstCall/ -- Trimble (Nasdaq: TRMB) today announced the release of Trimble(R) Construction Manager version 2.4, a remote construction asset management solution.

SINGAPORE, June 30 /PRNewswire-Asia-FirstCall/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), announced today its unaudited consolidated financial results for fiscal year 2008. Unaudited consolidated net revenues for the fiscal year ended December 31, 2008 were RMB 10.4 billion compared with audited consolidated net revenues of RMB 9.6 billion in 2007, reflecting a 8% year-over-year increase. The Company expects its unaudited consolidated net income for 2008 to fall within the range of RMB 245.0 million and RMB 300.0 million and the unaudited earnings per share range is expected to fall within the range of RMB 6.57 and RMB 8.05.

Word of the Day
  • Large; stout; burly.
The word 'bowerly' is an alteration of 'burly'.