Business News Archive - April 23, 2010
SHENYANG, China, April 23 /PRNewswire-Asia/ -- Harman International (NYSE: HAR) and Neusoft Corporation (600718.SH) announced today that the two companies have agreed to enter into partnership for the development of advanced technologies in automotive and consumer electronics.
HONG KONG, April 23 /PRNewswire-Asia/ -- Air China Limited ("Air China" or "the Company," together with its subsidiaries, collectively "the Group") (HKEx: 00753; LSE: AIRC; SSE: 601111: ADR OTC: AIRYY), today announced its financial results(1) for the first quarter ended March 31, 2010 ("the Period"). Results Highlights RMB billion Q1 2010 Q1 2009 Change (%) (Jan - Mar) (Jan - Mar) Operating Revenue 14.70 11.24 30.7 Operating Profit 2.54 0.26 894.2 Net Profit 2.17 0.98 121.3 Earnings per share(RMB) 0.19 0.08 137.5 Operating and Business Highlights Continued Air Traffic Growth Momentum During the Period under review, Air China recorded a 30.7% year-over-year increase in operating revenue, to RMB14.7 billion, driven by sus
HONG KONG, April 23 /PRNewswire-Asia/ -- Air China Limited ("Air China" or "the Company," together with its subsidiaries, collectively "the Group") (HKEx: 00753; LSE: AIRC; SSE: 601111: ADR OTC: AIRYY), today announced its financial results (1) for the twelve months ended December 31, 2009 ("the Period"). (Logo: http://www.newscom.com/cgi-bin/prnh/20080625/CNW017LOGO ) Results Highlights -- Turnover was RMB51.39 billion, a decrease of 2.86% year-over-year -- Operating expenses were RMB45.89 billion, a decrease of 26.82% year- over-year -- Fuel cost was RMB14.47 billion, representing a 36.03% decrease year- over-year -- Profit attributable to shareholders was RMB4.85 billion, compared with net loss(restated) of RMB9.26 billion in 2008 -- Basic earnings per share was RMB0.41, compared with a basic loss per share(restated) of RMB0.78 in 2008 In 2009, China experienced a quicker-than-expected economic recovery, which underpinn
FORT SMITH, Ark., April 23 /PRNewswire-FirstCall/ -- Arkansas Best Corporation (Nasdaq: ABFS) today announced a first quarter 2010 net loss of $21.4 million, or $0.85 per share, compared to a net loss of $18.2 million, or $0.73 per share in the first quarter of 2009. "Despite some signs of improvement in our nation's economy resulting in the stabilization of our business, Arkansas Best's first quarter results illustrate the ongoing effects of low freight levels combined with a weak pricing environment.
MANCHESTER, England, April 23 /PRNewswire/ -- The price of gold bullion may well be impacted by the result of the forthcoming UK General Election.
ESSEN, Germany, April 23, 2010 /PRNewswire/ -- HOCHTIEF Concessions has won its first contract for a public-private partnership (PPP) project in North America.
BEIJING, April 23 /PRNewswire-Asia/ -- VisionChina Media Inc. ("VisionChina" or the "Company") (Nasdaq: VISN), one of China's largest digital television advertising networks on mass transportation systems, today announced that it will report its financial results for the first quarter of 2010, after the U.S.
SIOUX FALLS, S.D., April 23 /PRNewswire-FirstCall/ -- NorthWestern Corporation d/b/a NorthWestern Energy (NYSE: NWE) reported financial results for the quarter ended March 31, 2010. Highlights for the quarter include: Net income improved by $5.9 million or 25.9% over the first quarter of 2009 due primarily to:A decrease in operating, general and administrative expenses of $7.1 million, before tax;A $3.4 million reduction in income tax expense due to obtaining, in the third quarter of 2009, Internal Revenue Service (IRS) approval of a tax accounting method change to deduct repairs that would have previously been capitalized; Offset by a pre-tax gross margin decrease of approximately $1.6 million due primarily to decreased natural gas volumes from milder winter weather in Montana and decreased electric volumes from lower industrial demand relating to the weak economic climate;Cash provided by operating activities totaled $106.3 million for the three months ended March 31, 2010 as compar
SEATTLE, April 23 /PRNewswire-FirstCall/ -- L&L Energy, Inc. (Nasdaq: LLEN) ("L&L"), a U.S.