Business News Archive - May 13, 2010

VANCOUVER, May 13 /PRNewswire-FirstCall/ - Oil and gas producer TAG Oil Ltd.

HAIFA, Israel, May 13, 2010 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. (the "Company") (NASDAQ: ESLT, TASE: ESLT), the international defense company, today reported its consolidated financial results for the first quarter ended March 31, 2010. (Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 ) Revenues decreased by 5.9% to $618.2 million in the first quarter of 2010, as compared to $656.9 million in the first quarter of 2009.

HAIFA, Israel, May 13, 2010 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. (NASDAQ and TASE: ESLT) announced today that Midroog Ltd., an Israeli rating agency ("Midroog"), announced that it had assigned a "Aa1" rating (on a local scale) to any new unsecured notes in the aggregate amount of up to $350 million which may be issued in the future by the Company. (Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 ) The full text of an unofficial translation of Midroog's report will be submitted by the Company on Form 6-K to the U.S.

CAPE TOWN, South Africa, May 13 /PRNewswire/ -- The petrochemicals market is the foundation of many chemicals industries, as it provides the building blocks for most chemical products.

CAPE TOWN, South Africa, May 13 /PRNewswire/ -- Increased infrastructural spending by the government, numerous planned projects by public corporations, low-cost housing projects, and the revival of residential building construction are factors that are likely to spur the demand for cement in South Africa over the next few years. (Logo http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO) New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com), Production and Investment Analysis of the South African Cement Industry, finds that the total demand for cement in South Africa was 14.9 million tons in 2008 and estimates this to reach 23.1 million tons in 2015.

BEIJING, May 13 /PRNewswire-Asia-FirstCall/ -- Sino Gas International Holdings, Inc. (OTC Bulletin Board: SGAS), ("Sino Gas" or the "Company") today announced that it will conduct a conference call at 9:00 a.m.

SHANGHAI, May 13 /PRNewswire-Asia-FirstCall/ -- China Real Estate Information Corporation ("CRIC" or the "Company") (Nasdaq: CRIC), a leading provider of real estate information, consulting and online services in China, today announced that it has entered into a strategic cooperation agreement with Baidu, Inc.

SINGAPORE, May 13 /PRNewswire-Asia-FirstCall/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), announced today its unaudited consolidated financial results for the first quarter ended March 31, 2010.

NORTHVILLE, Mich., May 13 /PRNewswire-FirstCall/ -- Amerigon Incorporated (Nasdaq: ARGN), a leader in developing and marketing products based on advanced thermoelectric (TE) technologies, announced today that its proprietary heated and ventilated seat system will be offered as an option on the front seats of the 2011 KIA Sportage, a compact Sport Utility Vehicle (SUV) known for its styling and wide range of interior amenities.

ZHENGZHOU, China, May 13 /PRNewswire-Asia-FirstCall/ -- China Gerui Advanced Materials Group Limited (Nasdaq: CHOP) ("China Gerui" or the "Company"), a leading niche and high value-added steel processing company that utilizes advanced technology to produce specialty cold-rolled steel products in China, today announced financial results for the first quarter ended March 31, 2010. First Quarter 2010 Highlights -- Revenue increased 31.6% to $61.8 million from $47.0 million in the first quarter of 2009 -- Gross profit increased 36.2% to $18.7 million from $13.7 million -- Gross margin increased 102 basis points to 30.2% from 29.2% -- Operating income increased 28.4% to $16.3 million from $12.7 million -- Net income attributable to common stockholders increased 26.2% to $11.5 million, or $0.25 per diluted share, from $9.1 million, or $0.26 per diluted share in the same period last year -- Shareholders' equity of $104.6 million as of March 3

Word of the Day
  • A somewhat riotous parade, accompanied with the blowing of tin horns, and other discordant noises; also, a burlesque serenade; a charivari.
'Callithump' is a back-formation of 'callithumpian,' a 'fanciful formation' according to the Oxford English Dictionary. However, the English Dialect Dictionary, says 'Gallithumpians' is a Dorset and Devon word from the 1790s that refers to 'a society of radical social reformers' or 'noisy disturbers of elections and meetings.'