AMR Corporation (NYSE:AMR) and India's leading carrier Kingfisher Airlines announced that they will enter into a comprehensive codeshare and frequent flyer relationship starting in 2011, subject to regulatory approvals. Kingfisher Airlines is a member-elect of the world's leading quality airline alliance, oneworld®, of which American is a founding member. Members of American's AAdvantage® and Kingfisher Airlines King Club frequent flyer programs will be able to earn miles on the codeshare flights. The two airlines are exploring a more comprehensive frequent flyer agreement that will include the ability to earn and redeem miles across each carrier's network
AMR Corporation, through its subsidiaries, operates as a scheduled passenger airline in the United States. The company, through its principal subsidiary, American Airlines, Inc., provides scheduled jet service to approximately 160 destinations throughout North America, the Caribbean, Latin America, Europe, and Asia. American Airlines also operates as a scheduled air freight carrier, providing a range of freight and mail services to shippers.
PWRM is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer’s disease, Parkinson’s disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig’s disease). Power3 applies proprietary methodologies to discover and identify protein biomarkers associated with diseases.
PWRM is in a strong competitive position with over 190 identified biomarkers and a state-of-the-art proteomics laboratory.
PWRM’s current IP portfolio offers potential revenue sources in the following areas:
- IP licensing to diagnostic companies engaged in the development of early detection/screening tests
- IP licensing to pharmaceutical companies engaged in drug targeting
- Biomarker Sales
- Exclusive Laboratory Analysis Agreements
Recently PWRM has signed a definitive agreement to acquire all of the stock of Rozetta-Cell Life Sciences, Inc., a medical biotechnology company that focuses on the delivery and imaging of stem cells during therapy.
More about PWRM at www.Power3Medical.com
Dynegy Inc. (NYSE:DYN) announced that, based on a preliminary count of the votes cast at Dynegy’s Special Meeting of Stockholders held, the proposal to adopt the merger agreement under which an affiliate of The Blackstone Group (NYSE:BX) would acquire Dynegy for $5.00 per share in cash did not receive the necessary votes to be adopted. Therefore, the merger agreement has been terminated. Dynegy expects to immediately commence an open strategic alternatives process to solicit proposals from potentially interested parties and to carefully review its standalone restructuring alternatives.
Dynegy Inc., through its subsidiaries, engages in the production and sale of electric energy, capacity, and ancillary services in the United States. The company sells electric energy, capacity, and ancillary services on a wholesale basis from its natural gas-fired, coal-fired, and oil-fired power generation facilities. As of December 31, 2009, its power generation portfolio consisted of approximately 12,300 megawatts of baseload, intermediate, and peaking power plants fueled by a mix of natural gas, coal, and fuel oil.
Majestic Gold Corp. (TSX.V:MJS) (FSE:MJT)
Majestic Gold Corp. (TSX.V:MJS) (FSE:MJT) generated gold revenue of $1,730,392 derived from the sale of 1,531.8oz of their gold reserves.
Subsequent to recommencing mining operations at Dahedong Smelter mills at their designed capacity of 1,400 tpd, Majestic signed an agreement to acquire the remaining 40% of Yantsai Zhongia Mining Enterprise (”JVCo”). Majestic is currently fast tracking operation at the Song Jiagou Mine through expansion of milling capacity, improving infrastructure, and developing pit models, mine plans and pre-feasibility studies based on its recently announced revised resource estimate, which will be used to initially expand production to 5,000 tpd.
The rapid growth in China’s gold consumption will stay intact in the coming years, thanks to an expanding pool of gold products and growing investment demand on inflation fears, said Shi Heqing, an analyst at state-backed research firm Antaike.
For More Information On Majestic Gold: www.majesticgold.net
Wendy's/Arby's Group, Inc. (NYSE:WEN) the third largest quick-service restaurant company in the United States, reported results for the third quarter ended October 3, 2010. Roland Smith, President and Chief Executive Officer of Wendy’s/Arby’s Group, stated: “The third quarter was a difficult one for both brands. While the Wendy’s® brand outperformed many quick service restaurant peers with systemwide same-store sales of -1.7%, the lack of growth resulted in sales deleverage. This deleverage effect combined with commodity cost increases caused Wendy’s third quarter restaurant margins to fall by approximately 200 basis points year-over-year, excluding the impact of incremental advertising for Wendy’s new breakfast. Arby’s® systemwide same-store sales were -5.9%. Company-operated restaurant margins were impacted by sales deleverage and commodity cost increases as restaurant margins fell by 170 basis points. On a consolidated basis, adjusted EBITDA1 was slightly lower than our expectations at approximately $100 million; however, we are reiterating our adjusted EBITDA guidance for 2010.
Wendy's/Arby's Group, Inc., through its subsidiaries, operates as the owner and franchisor of the Wendy's and Arby's restaurant systems. Wendy's is the restaurant franchising system specializing in the hamburger sandwich segment of the quick service restaurant industry; and Arby's is the restaurant franchising system specializing in the roast beef sandwich segment of the quick service restaurant industry.
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