Business News Archive - July 13, 2009

Many of the 178 million pirated items seized at the borders of European Union countries in 2008 came from China, EU authorities said. The European Commission published statistics July 9 showing the number of seizures more than doubled from 2007.

The Porsche and Piech families will no longer own all of Porsche Automobil Holding SE of Frankfurt if a new deal is finalized, a Porsche spokesman said. The firm will hold a supervisory board meeting July 23, a spokesman told The Wall Street Journal Friday.

BARDON, England, July 13 /PRNewswire/ -- Following its inclusion in The Sunday Times "Profit Track 100" listing back in April of this year, carton packaging manufacturer Benson Group celebrated again this week when the Bardon, Leicestershire company was named the Customer Service Company of the Year at the Profit Track 100 awards night. The invitation-only awards event for the owners and directors of companies featured in the latest Profit Track 100 table took place on June 16th at The Dorchester in London.

CAPE TOWN, South Africa, July 13 /PRNewswire/ -- Robust demand for power in Ghana is leading to power shortages and placing enormous pressure on existing power generation facilities.

LONDON, July 13 /PRNewswire/ -- The heightened emphasis on automotive safety and convenience together with growing concerns over emissions will bolster the adoption of electric parking brakes (EPB) in passenger cars and light commercial vehicles across Europe.

WASHINGTON, July 13 /PRNewswire-USNewswire/ -- The AAA Foundation for Traffic Safety today announced that it would join with Posit Science, the leading provider of brain fitness programs, to enhance driver safety by improving drivers' minds.

HOUSTON, July 13 /PRNewswire-FirstCall/ -- ExpressJet Holdings (NYSE: XJT), parent company of ExpressJet Airlines, one of the world's largest operators of regional aircraft, today announced it has retained investor relations agency Lambert, Edwards & Associates, Inc.

NANJING, China, July 13 /PRNewswire-Asia/ -- ET Solar Group Corp., a Nanjing-based solar farm EPC provider and integrated manufacturer of photovoltaic products including ingots, wafers, modules, and tracking systems announced a RMB100 million credit facility with China CITIC Bank. The facility has a 1-year tenor and is renewable at maturity upon satisfactory review by the bank.

SAN DIEGO, July 13 /PRNewswire/ -- SmartDrive Systems, a leader in fleet safety solutions, today announced a 1,000-vehicle expansion in their relationship with Loomis Armored, based on the results of a recent extensive study connecting a measured reduction in risky driving behaviors with a 53% reduction in collision frequency.

NEW YORK, N.Y., and MONTVALE, N.J., July 13 /PRNewswire-FirstCall/ -- SIRIUS XM Radio (Nasdaq: SIRI) and Mercedes-Benz USA today announced that customers of SIRIUS-equipped Mercedes-Benz Certified Pre-Owned vehicles will receive an introductory three-month trial subscription of the "SIRIUS Everything" package. (Logo: http://www.newscom.com/cgi-bin/prnh/20080819/NYTU044LOGO ) Mercedes-Benz will continue to offer SIRIUS as a factory-installed feature with six months of the "SIRIUS Everything" package on all model year 2010 Mercedes-Benz vehicles sold in the U.S. "We are delighted buyers of SIRIUS-equipped Mercedes-Benz Certified Pre-Owned vehicles will now be able to experience all that SIRIUS' exceptional service offers," said Mark Webster, Manager, Pre-Owned Operations, Mercedes-Benz USA.

Word of the Day
  • The parings of haberdine; also, any kind of fragments.
The word 'gubbings' is a variant of the word 'gobbon', meaning 'a portion, gobbet.'