Business News Archive - July 06, 2009

LAS VEGAS, July 6 /PRNewswire/ -- SmallCapSentinel.com announces the release of a profile featuring emerging solar company GWS Technologies (OTC Bulletin Board: GWSC) and of interest to investors of Clean and Alternative Energy leaders Akeena Solar, Inc. (Nasdaq: AKNS), Clean Energy Fuels Corp.

WILMINGTON, Del., July 6 /PRNewswire-FirstCall/ -- Beacon Redevelopment Industrial Corporation (Pink Sheets: BCND) previously announced negotiations with respect to a third party seeking to acquire control of the company.

South Korea's economy, spurred by domestic demand and exports, is fast coming out of its decline, a state-run think tank said Monday. Although the employment situation remains bleak, the Korean economy appears to be moving away from the declining phase as rapid contractions in domestic demand and exports are recovering relatively fast, the Korea Development Institute said in its monthly assessment, Yonhap news agency reported. In a more cautious assessment last week, the finance ministry described the economy as still sluggish, needing continuation of the fiscal expansion for recovery. KDI's assessment, based on recently improving indicators, said industrial production showed gradual improvements with seasonally adjusted, month-to-month output expanding 1.6 percent in May, the fifth straight month of growth.

CALGARY, July 6 /PRNewswire-FirstCall/ - Canadian Pacific Railway Limited (TSX/NYSE: CP) today announced the results of rate proceedings between CP and Teck Coal Ltd. (Teck) addressing rate levels for export traffic moving between Teck's southern BC mines and Vancouver area ports.

MOSCOW, July 6 /PRNewswire/ -- On May 18, 2009 the first floating nuclear power plant was set up in St. Petersburg (Russia). The contract, signed by OPK and "Concern Energoatom" PLC on February 27, 2009, anticipated the construction, launching, rebuilding and testing of the power plant.

HONG KONG, July 6 /PRNewswire-Asia/ -- CNOOC Limited (the "Company" or "CNOOC Ltd.", NYSE: CEO; SEHK: 0883) announced today that Tangguh LNG project, which the Company holds about 13.9% interest, has shipped its first commercial cargo, representing the successful commencement of this world-class LNG project. (Logo: http://www.prnasia.com/xprn/sa/200701301659.jpg ) Tangguh LNG is Indonesia's third largest LNG center.

LONDON, July 6 /PRNewswire/ -- Delays in cargo screening significantly extend the time of goods at port. This process could be shortened with foolproof and rapid screening and detection systems.

MOLINE, Ill., July 6 /PRNewswire-FirstCall/ -- On the eve of the Russia - USA Business Forum in Moscow, Deere & Company announced today that it is prepared to significantly expand its farm, forestry, and construction operations in Russia, reinforcing Deere's long-term commitment to a market in which John Deere has had a presence for nearly 130 years.

SHANGHAI, July 6 /PRNewswire-FirstCall/ -- Solarfun Power Holdings Co., Ltd.

MIAMI, July 6 /PRNewswire-FirstCall/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today announced that the 1,488-passenger Costa Europa, currently operated by its Costa Cruises brand, Europe's number one cruise line, will join British travel company Thomson Cruises under a 10-year bareboat charter beginning in April 2010.

Word of the Day
  • A serpent whose bite was fabled to produce intense thirst.
The word 'dipsas' comes from a Greek word meaning 'thirst'.