Business News Archive - March 21, 2011
WUXI, China and SAN FRANCISCO, Ca., March 21, 2011 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd.
VANCOUVER, March 21 /PRNewswire/ - Wildcat Silver Corporation (TSX-V: WS) ("Wildcat" or "the Company") is pleased to announce the results of the first three drill holes completed on the Company's flagship Hermosa property (formerly the Hardshell project)* located in Santa Cruz County, Arizona. "We are very encouraged with these drill results," Wildcat's President and CEO, Chris Jones said.
HOUSTON, March 21, 2011 /PRNewswire/ -- Leading North American energy retailer Direct Energy has reached an agreement to acquire residential and small commercial energy marketer Gateway Energy Services Corporation for $90 million in cash (including $13 million of tax assets) plus working capital, expanding its presence in New York, New Jersey, and Pennsylvania. The acquisition further enhances Direct Energy's position as a leading North American provider of competitive electricity and natural gas solutions to residential and small business customers, increasing its customer relationships by more than 275,000 - located primarily in the US Northeast and Mid-Atlantic states. The deal comes on the heels of a strong, strategic retail expansion in the US Northeast in 2010.
HAIFA, Israel, March 21, 2011 /PRNewswire-FirstCall/ -- - Adjusted consolidated EBITDA of $170 million in 2010, compared with $188 million in 2009 - Adjusted consolidated EBITDA in Petrochemical segment- Polymers (CAOL) of $109 million in 2010, compared with $36 million in 2009 - Adjusted refining margin USD/bbl 3.2, compared to USD/bbl 2.9 average Reuter's quoted Mediterranean Ural Cracking Margin - Facility shutdown in fourth quarter resulted in a relatively lower refining quantity of 7,603 thousand tons and a utilization rate of 78.2% for 2010, compared with 7,534 thousand tons and a utilization rate of 81.8% in 2009. Oil Refineries Ltd.
ATLANTA, March 21, 2011 /PRNewswire/ -- After outstanding customer response to the concept car first shown at the 2010 Geneva Motor Show, Porsche today announced that dealers around the world will begin taking 918 Spyder customer orders.
IRVINE, Calif., March 21, 2011 /PRNewswire/ -- Kelley Blue Book www.kbb.com, the leading provider of new car and used car information, today recommends that consumers who do not have a pressing need to replace their current vehicle wait for gas prices to come back down.
ABUJA, Nigeria, March 21, 2011 /PRNewswire/ -- Kaztec Engineering Limited, an Abuja based engineering, procurement, construction, installation and commission (EPCIC) company and owners of Ekulo Cheyenne and Ekulo Tornado said that Ekulo Cheyenne is now at OML 123, Calabar, Cross River State, Nigeria, and had commenced work for Addax Petroleum Development Nigeria Limited. In a statement released in Abuja today, the Project Manager, Kaztec Engineering Limited, Rick Reggio said 'the 350 ft by 100 ft by 25 ft depth pipelay/ derrick and construction barge, Ekulo Cheyenne is expected to execute TB - 1921 Call-Off Contract for installation of subsea pipelines and topsides for Addax Petroleum Development Nigeria Limited.
TIGARD, Ore., March 21, 2011 /PRNewswire/ -- Powin Corporation (OTC Bulletin Board: PWON), an Oregon-based OEM and direct manufacturer of outdoor cookware products, gun safes, fitness and recreational equipment, truck parts, plastic products, renewable energy products and furniture for some of America's most well known retailers, today announced that sales for the fiscal year ended December 31, 2010 totaled $48.4 million, up 31.2 percent or $11.5 million compared to 2009 sales of $36.9 million. The Company also announced gross profits in 2010 of $5.98 million, compared to $4.58 million in 2009 and net income in 2010 of $1.04 million or $0.01 per basic and diluted share.
IRVINE, Calif., March 21, 2011 /PRNewswire/ -- The all-new 2011 Kia Optima has been turning heads and collecting awards since arriving in Kia dealerships several months ago, and the latest praise comes from Auto A Fondo who has named the midsize sedan as one of its "Top 10 Best Buy Cars for 2011" in the four-door sedan category.
SAN FRANCISCO, March 21, 2011 /PRNewswire/ -- With Pennsylvania's largest power utility poised to increase rates for the first time in over a decade, clean energy group-buying leader One Block Off the Grid today announced the launch of a 90-day group deal on home solar systems in the Philadelphia area.