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DSP Group has announced today its results for the first quarter ended March 31, 2009. First Quarter Results: Revenues for the first quarter of 2009 were $39,914,000, a decline of 45% from revenues of $72,729,000 for the first quarter of 2008. Net loss for the first quarter was $10,691,000, as compared to a net loss of $7,608,000 for the first quarter of 2008. Earnings per share (EPS) for the first quarter of 2009 were a loss of $0.41 per share vs. a loss of $0.25 per share for the first quarter of 2008. Non-GAAP Results: Non-GAAP net loss and EPS for the first quarter of 2009 were $4,623,000 and a loss of $0.18 per share, respectively, as compared to the non-GAAP net income of $1,441,000 and the non-GAAP diluted EPS of $0.05 per share for the first quarter of 2008. Non-GAAP net loss and EPS for the first quarter of 2009 excluded the impact of amortization of acqui... (more)

A380 Fuels High Expectations for Future of Air Transportation Market While Creating Challenges for Airports Today

LONDON, England, November 13 /PRNewswire/ -- Airports across the world are gearing up to accommodate the entry of the Airbus A380 in 2007 by investing billions of dollars in facilities enlargement. However, the investments related to the A380 comprise only a small part of the total master plan spending aimed at meeting the requirements of increasing air traffic. Nearly 60 airports in the world will be able to accommodate the jet by 2010, although the actual operations of the A380 will itself be limited to between 40 - 50 airports. The impact of the A380 super jumbo - the largest airplane to enter the air transportation market - will be enormous. By 2015, airports around the world will have invested over US$8 billion to prepare their facilities to handle the new aircraft. "Customers of the A380 will carefully plan their future international air operations based on ... (more)

Microsoft Unveils Bing Travel

Bing Travel helps consumers make smart travel decisions with flight and hotel search, airfare price predictions, travel news and community, travel deals, and more. REDMOND, Wash., June 4 /PRNewswire-FirstCall/ -- Microsoft Corp. today announced consumer availability of a new search destination for travelers -- Bing Travel -- which will help consumers make smart travel decisions through a variety of innovative tools and features. Bing Travel is part of Bing, Microsoft's new Decision Engine and consumer brand announced on May 28, designed to help people overcome search overload and make faster, more informed decisions when searching online. Bing Travel combines many of the airfare and hotel tools from Microsoft's 2008 acquisition of Farecast with rich news and editorial content from MSN Travel. Bing Travel is available for travelers today at http://www.bing.com/trav... (more)

Half Year Results for the Six Months Ended 30 September 2009

LONDON, November 17 /PRNewswire/ -- Financial highlights - continuing operations 2009 2008 Change GBPm GBPm Revenue (excluding Joint Ventures) 574.1 456.5 +26% Group Turnover* 601.1 513.7 +17% Underlying Profit Before 44.6 38.3 +16% Taxation** Profit Before Taxation 32.8 21.5 +53% Underlying Earnings Per Share(p)*** 17.6 15.2 +16% Cash Conversion**** 88% 125% Basic Earnings Per Share (p) 13.0 8.7 +49% Interim Dividend Per Share (p) 4.3 3.9 +10% * Includes share of turnover from equity accounted joint ventures and associates. **Underlying profit before taxation (and underlying operating profit also referred to in this statement) excludes amortisation of intangibles arising from business combinations (GBP11.8m; 2008: GBP10.1m), share of joint venture taxation (GBP0.2m; 2008: GBP1.3m), fair value movements arising from derivatives (GBP0.2m; 2008: nil) and exceptional ... (more)

Shame on EU as Vietnam Leads the Way in Aviation Safety

HOOFDDORP, The Netherlands, January 20 /PRNewswire/ -- Despite the constant flow of statements from the European Union and EASA (European Aviation Safety Organisation) that Europe has the highest aviation standards in the world; it is in fact the civil aviation authority of Vietnam that has shown Europe how to behave. Jetstar Pacific, an Asian low cost airline with Qantas (Australia) as a major shareholder, has been making headlines for the wrong reasons. Whistleblowers made serious claims about low maintenance standards which of course have been strongly denied by management. Now however a report produced by the Vietnamese Civil Aviation Authority based upon their own thorough investigation has confirmed multiple lapses in safety and standards due to a ''very poor and ineffective'' culture of safety maintenance. Furthermore the airline had maintenance approvals and... (more)

American Airlines Continues to Bolster Global Network Along With oneworld Partners

FORT WORTH, Texas, Feb. 17 /PRNewswire-FirstCall/ -- American Airlines continues to take important strides to strengthen its global network through its oneworld® alliance partnerships. In recent days, American has achieved key milestones with its oneworld partners towards enhancing competition and customer benefits in the trans-Atlantic and trans-Pacific markets, helping to ensure that oneworld remains the premier global airline alliance. "As a founding member of oneworld in 1999, we recognized the importance of having a strong global network - not only to take customers anywhere they wanted to go but to enhance American's competitive position worldwide," said Gerard Arpey, Chairman and CEO of AMR Corporation, the parent company of American Airlines. "Today, we continue to make progress in support of those goals as we strengthen our oneworld ties with partners... (more)

Pratt & Whitney Canada Congratulates Embraer on Delivery of 300 Phenom Business Jets

GENEVA, SWITZERLAND -- (Marketwire) -- 05/13/12 -- Embraer announced recently that it has delivered its 300th Phenom business jet, an impressive milestone for an aircraft that entered into service only in 2008. The Phenom 100 and 300 business jets are powered by Pratt & Whitney Canada's (P&WC) PW617F-E and the PW535E engines, respectively. P&WC is a United Technologies Corp. company (NYSE:UTX). "The success of the Embraer Phenom family of aircraft is a testament to the aircraft's appeal in this segment of the business jet market," said David Van der Wee, Vice-President, Marketing, P&WC. "Powered by P&WC engines specifically designed for these complimentary market segments, the Phenom delivers excellent operating value and superior environmental performance." PW500: an engine built for the fractional market The PW500 engine family ranges from 2,900 to 4,500 pounds thr... (more)

FLYHT Aerospace Solutions Ltd. (Formerly Aeromechanical Services Ltd.) and Star Navigation Systems Group Ltd. Announce Settlement of Litigation

CALGARY, ALBERTA and TORONTO, ONTARIO -- (Marketwire) -- 05/18/12 -- FLYHT Aerospace Solutions Ltd. (formerly Aeromechanical Services Ltd.) (TSX VENTURE:FLY) and Star Navigation Systems Group Ltd. announce that they have reached a full and final settlement of outstanding litigation between them, and that they have agreed to file dismissals of all outstanding claims and counterclaims. The parties (FLYHT Aerospace Solutions Ltd. (formerly AeroMechanical Services Ltd.), Star Navigation Systems Group Ltd., Star Navigation Systems Inc., Peter Verbeek, and Viraf Kapadia) have agreed to a dismissal of their existing litigation in Ontario on a without costs basis, with no admissions of liability. About FLYHT Aerospace Solutions Ltd. FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The ... (more)

Contracts for Difference Don't Have to Be Difficult With City Index Singapore

SINGAPORE -- (Marketwire) -- 12/05/12 -- You may have heard traders and investors talking about 'contracts for difference'. They're more commonly known within the industry as 'CFDs', and are a popular way to speculate on the movement of market prices. All in the name Contracts for Difference are exactly that -- an agreement between two parties to exchange the difference between the opening price and closing price of a contract. You can profit regardless of whether the price of your chosen market is rising or falling. For example, if you believe a market price will fall, you can sell a CFD on that market -- also known as 'going short'. If, however, you think the price of a market will rise, you can buy a CFD on that market (going long). If prices move against you you will suffer a loss. Let's look at this risk/reward concept more closely, in simpler terms. CFD tradi... (more)

DEKRA Continues to Grow

STUTTGART, Germany, December 7, 2012 /PRNewswire/ -- Despite economic decline in important markets: Revenues expected to increase by more than 7% to €2.15 billion German automotive and industrial business under one roof Number of employees increased by 1,300 to 28,600 After the record year in 2011, the globally operating testing group DEKRA is continuing to grow in 2012. Revenues are expected to rise by more than 7% to €2.15 billion. "DEKRA remains on course, even though the economic environment in some important markets, such as France, has worsened considerably," DEKRA CEO Stefan Kölbl told journalists in Stuttgart on Thursday. DEKRA now generates more than 35% of its revenues outside of Germany. As part of the continued expansion of its international business, the testing group has strengthened its structures beyond the home market of Germany in Europe and in the... (more)

United Airlines Begins New Nonstop San Francisco to Paris Service

SAN FRANCISCO, April 26, 2013 /PRNewswire/ -- United Airlines today launched daily nonstop service from San Francisco to Paris, connecting Bay Area travelers to the City of Light and strengthening the airline's largest West Coast hub. "We are excited to offer customers new service between two of the world's most culturally and economically diverse cities," said John Slater, United's vice president of sales – Americas. "Our customers tell us that they value convenient, nonstop service to top business and leisure destinations throughout the globe, and the launch of today's flight reflects our commitment to meeting our customers' needs." "We are thrilled about United's new nonstop service between San Francisco and Paris," said Joe D'Allesandro, president and CEO of the San Francisco Travel Association. "France is one of San Francisco's most important and fastest grow... (more)