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Business News Archive - May 24, 2010

CLEVELAND, May 24 /PRNewswire-FirstCall/ -- The Sherwin-Williams Company (NYSE: SHW) announced it has signed a definitive agreement to acquire Becker Acroma Industrial Wood Coatings, a subsidiary of AB Wilh. Becker based in Sweden.

EMERYVILLE, Calif., May 24 /PRNewswire/ -- Gracenote® today announced its MusicID-Stream(TM) technology is powering the new smart drive app for the iPhone for smart fortwo owners, representing the world's first deployment of a streaming music identification solution by an automotive manufacturer (smart is a brand of Daimler AG).

CAPE TOWN, South Africa, May 24 /PRNewswire/ -- The development of regional power pools within sub-Saharan Africa has the potential to secure electricity supply across the continent.

CAPE TOWN, South Africa, May 24 /PRNewswire/ -- The Angolan chemicals market is set for robust expansion. The specialty chemicals segment exhibits the strongest resilience to the prevailing market conditions in the short-term.

HAIFA, Israel, May 24, 2010 /PRNewswire-FirstCall/ -- - Quantity refined increases to 2,133 tons compared to 1,967 in the same quarter of the previous year - Consolidated adjusted EBITDA at $33 million compared to $48 million in the same quarter of the previous year - Consolidated loss of $3.5 million for the first quarter 2010 compared with consolidated income of $75 million in the first quarter of 2009 - Acquisition of remaining shares of Haifa Basic Oils ("HBO") and Carmel Olefins ("CAOL") led to a decline in the reported net profit in the amount of about $12 million - Adjusted refining margin USD/bbl 3.2 compared to USD/bbl 3.5 average Reuter's quoted Mediterranean Ural Cracking Margin - Last Twelve Months (LTM) adjusted refining margin for the year ending March 31, 2010 was at $4.5 per barrel, compared to $ 2.0 per barrel for Reuter's quoted Mediterranean Ural Cracking Margin Oil Refineries Ltd.

DENVER, May 24 /PRNewswire-USNewswire/ --The current oil spill disaster in the Gulf of Mexico. The recent coal tragedy in West Virginia. The call by the National Academy of Sciences last week for actions to reduce carbon emissions in response to climate change.

GEDERA, Israel, May 24, 2010 /PRNewswire-FirstCall/ -- TAT Technologies Ltd. (Nasdaq: TATT - News), a leading provider of services and products to the commercial and military aerospace and ground defense industries, today announced that Cirrus Aircraft Inc.

LONDON, May 24 /PRNewswire/ -- As expected, the European car market has been losing steam as cash-for-clunkers scrappage schemes wind down.

TEL AVIV, Israel, May 24, 2010 /PRNewswire/ -- BrightView Systems, a leading provider of in-line metrology-based process control and optimization tools for thin-film solar cell manufacturing received technical acceptance and announces deployment of its InSight-M at T-Solar's thin film solar factory at Ourence, Spain.

HOUSTON, May 24 /PRNewswire-FirstCall/ -- The board of directors of Westlake Chemical Corporation (NYSE: WLK) declared on Friday a dividend of 5.75 cents per share, payable on June 17, 2010, to stockholders of record on June 3, 2010. This is the 23rd successive quarterly dividend that Westlake has declared since completing its initial public offering in August 2004. Westlake Chemical Corporation is a manufacturer and supplier of petrochemicals, polymers and fabricated products with headquarters in Houston, Texas.

Word of the Day
out-herod
  • In the phrase to out-herod Herod, to be more violent than Herod (as represented in the old mystery plays); hence, to exceed in any excess of evil.
Herod refers to 'Herod the Great,' a Roman client king and 'a madman who murdered his own family and a great many rabbis.' According to the OED, the term is 'chiefly with allusion to Shakespeare's use' in Hamlet.
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