Business News Archive - May 28, 2010

THE HAGUE, The Netherlands, May 28, 2010 /PRNewswire-FirstCall/ -- Royal Dutch Shell plc ("Shell") (NYSE: RDS.A) (NYSE: RDS.B) continues to build a leading portfolio in North America tight gas, with new positions in high potential US shale gas acreage, in the Marcellus and Eagle Ford plays. Shell has agreed to acquire subsidiaries which own substantially all of the business of East Resources, Inc ("East Resources") for a cash consideration of $4.7 billion, from East Resources, and its private equity investor Kohlberg Kravis Roberts & Co.

STUTTGART, Germany and BEIJING, May 28 /PRNewswire-FirstCall/ -- Daimler AG sees further growth opportunities for Mercedes-Benz Cars in terms of unit sales, revenue and earnings in the coming years.

LOS ANGELES, May 28 /PRNewswire/ -- Adventurer, filmmaker, and environmentalist, Sebastian Copeland has embarked on a 1,367 mile trip across Greenland via kite-ski to help raise awareness about the effects of global warming on Greenland's climate.

POOLE, England, May 28 /PRNewswire/ -- This month office furniture (http://www.btoffice.com/) retailer BT Office completed an office furnishing assignment for the Winkworth Estate Agents newest office in Highcliffe, Dorset. Winkworth recently acquired the new office space in Highcliffe, Dorset adding to their existing network of over 80 independently owned estate agents throughout the UK.

LONDON and WUXI, China, May 28 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd.

LAKE OSWEGO, Ore., May 28 /PRNewswire-FirstCall/ -- Gunderson LLC, a subsidiary of The Greenbrier Companies (NYSE: GBX), announced today that it has implemented a 4-day work week at its marine barge operation, to reduce production rates.

CAPE CANAVERAL AIR FORCE STATION, Fla., May. 28 /PRNewswire/ -- Celebrating 50 years of launch for one of the most successful rocket programs in U.S. history, a United Launch Alliance Delta IV successfully launched the Air Force's Global Positioning System IIF SV-1 spacecraft at 11 p.m.

LONDON, May 28, 2010 /PRNewswire/ -- ICIS Heren, the publisher of energy market information, is pleased to announce the opening of a new office in Dusseldorf, Germany. Market liquidity and traded volumes have increased significantly in continental European gas markets in recent years, with the Dutch TTF leading the way.

Word of the Day
  • The parings of haberdine; also, any kind of fragments.
The word 'gubbings' is a variant of the word 'gobbon', meaning 'a portion, gobbet.'