Business News Archive - May 27, 2010

ATLANTA, May 27 /PRNewswire/ -- Novelis announced today that it will invest approximately $300 million to expand its aluminum rolling operations in Pindamonhangaba, Brazil, in response to the growing demand for its products in South America. (Logo: http://www.newscom.com/cgi-bin/prnh/20100527/CL11716LOGO ) The expansion will increase the plant's capacity by more than 50 per cent to over 600,000 metric tonnes of aluminum sheet per year.

HAIFA, Israel, May 27, 2010 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. (the "Company") (NASDAQ and TASE: ESLT), announced today that it is considering the issuance of debt securities in Israel of approximately NIS 500 million (approximately $130 million) pursuant to its shelf prospectus dated May 18, 2010 which was described in the Company's press release dated May 17, 2010.

BEIJING, May 27 /PRNewswire-FirstCall/ -- BYD Company Limited and Daimler AG today signed a contract creating a 50:50 research and technology joint venture called "Shenzhen BYD Daimler New Technology Co.

NEW YORK, May 27 /PRNewswire/ -- According to Harris Interactive's 2010 AutoTECHCAST study, conducted between April 6, 2010 - April 26, 2010, there is greater demand for technologies that provide enhanced fuel economy of existing gasoline driven engines at a lower initial cost, than higher priced alternate fueled engines.

LONDON, May 27 /PRNewswire/ -- Western European OEMs have been racing to develop smaller and more efficient engines in order to meet the stringent emission norms set for 2012.

NEW YORK, May 27 /PRNewswire-FirstCall/ -- JetBlue Airways (Nasdaq: JBLU) today resumes its popular summer service between New York (JFK) and Nantucket, offering travelers the convenience of nonstop flights between the city and the island through September 30.

PIRAEUS, Greece, May 27 /PRNewswire-FirstCall/ -- Navios Maritime Holdings Inc.

SAN FRANCISCO, May 27 /PRNewswire/ -- Armstrong Steel will postpone international deliveries by one month to meet rising demand here in the U.S.

Word of the Day
  • Stoppage; cessation (of labor).
  • A standing still or idling (of mills, factories, etc.).
The word chomage comes into English from French.]