Business News Archive - March 25, 2010

LONDON, March 25, 2010 /PRNewswire/ -- Leading global asset sales and valuations company, GoIndustry DoveBid, is offering a unique opportunity to acquire the assets of A1 GP, better known as the 'World Cup of Motorsport'. GoIndustry DoveBid has been appointed to market the assets of A1 Holdings Ltd [UK parent company in liquidation] and A1 Grand Prix Operations Ltd [UK operating company in administration] on behalf of creditors in a Private Treaty Sale - in an effort to keep the popular race series alive. A1 GP, founded in 2004, is a single manufacturer, open wheel formula racing series ratified by the Federation Internationale de l'Automobile (FIA), in which identical cars compete against each other.

CAPE TOWN, South Africa, March 25 /PRNewswire/ -- The Department of Trade and Industry (DTI) unveiled South Africa's 2010/11 Industrial Policy Framework Action Plan (IPAP2) to Cabinet on 18 February.

IRVINE, Calif., March 25 /PRNewswire/ -- Kelley Blue Book www.kbb.com, the leading provider of new- and used-car information, today announces the winners of the 2010 Brand Image Awards.

WUHAN, China, March 25 /PRNewswire-Asia-FirstCall/ -- China Automotive Systems, Inc., ("CAAS" or the "Company"), (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced record financial results for the fourth quarter and fiscal year ended December 31, 2009. Fourth Quarter 2009 Highlights -- Net sales increased 118.9% YoY to a record $83.8 million; -- Gross margin increased to 29% from 28% in Q4 2008 and 27% in Q3 2009; -- Net income surged 1,199.5% YoY from $0.5 million to $6.5 million; diluted EPS was $0.21; -- Cash and equivalents were $43.5 million at December 31, 2009. Fiscal Year 2009 Highlights -- Net sales rose by 56.6% YoY to a record $255.6 million; -- Net income grew 88.3% YoY to $23.4 million; diluted EPS was $0.78; -- Net cash flow from operations was $35.0 million; -- Free cash flow was $17.5 million in 2009. Mr.

SACRAMENTO, Calif., March 25 /PRNewswire-FirstCall/ -- GenCorp Inc. (NYSE: GY) today reported results for the first quarter of 2010. Sales for the first quarter of 2010 increased by 9%, and totaled $186.8 million compared to $170.9 million for the first quarter of 2009.

PARIS, March 25, 2010 /PRNewswire/ -- - Dedicated Cable Laying Ship has Been Lengthened by 12.5 Metres to Increase its Cable Handling Capabilities Nexans, global leader in cables and cabling solutions, has further extended the subsea cable laying capabilities of the C/S Nexans Skagerrak, already one of the world's most advanced cable ships, following the successful completion of a major conversion and upgrading project.

FAYETTEVILLE, Tenn., March 25 /PRNewswire-Asia/ -- The Center for Energy Efficiency (CEE) at Middle Tennessee State University has granted its 2010 award for "Energy Project of the Year" to Fushi Copperweld (Nasdaq: FSIN)'s wire manufacturing plant in Lincoln County, Tennessee. Sponsored by the Middle Tennessee Chapter of the Association of Energy Engineers, the prestigious award recognizes businesses, individuals, or organizations that demonstrate innovation in their implementation of energy efficiency projects.

ALICE, Texas, March 25 /PRNewswire-FirstCall/ -- Forbes Energy Services Ltd. (TSX: FRB) announced today that the Company will release fourth quarter and year end 2009 financial results after market close on Wednesday, March 31, 2010.

HOUSTON, March 25 /PRNewswire-FirstCall/ -- Gastar Exploration Ltd. (NYSE Amex: GST) today reported financial results for the three months and twelve months ended December 31, 2009.

CALGARY, March 25 /PRNewswire-FirstCall/ - Lux Energy Corp.

Word of the Day
  • A young chicken: also used as a pet name for children.
The word 'chickabiddy' may come from 'chick' plus 'biddy', a name used in calling a hen or chicken.