News From Lexis Nexis

Sales for the third quarter of 2009 were $424C.55 million, a 4.2% increase, compared to $443C.09 million, for the third quarter of 2008. For the first nine months of 2009, net income was $62C.47 million, or $2C.46 per diluted share, compared to $38C.48 million, or $1C.51 per diluted share, for the corresponding period of 2008. Sales for the first nine months of 2009 were $1C.27 billion, compared to $1C.26 billion for the first nine months of 2008. Richard Lan, president and CEO of Canada Bread Company, said: "Our organization has achieved steady earnings growth despite challenging global economic conditions. We are steadfastly focused on growing sales through deepening our relationships with customers, delivering more product innovation to appeal to consumers, and developing lots of excitement and momentum internally around our market wins and opportunities ahead."

LONDON, Oct. 30 /PRNewswire-FirstCall/ -- IBM (NYSE: IBM) and QBE, one of the world's leading international insurers and reinsurers, today announced a strategic agreement for IBM to transform and manage the information technology (IT) infrastructure of QBE's UK and Western European offices.

Inner Mongolia Yili (600887.SH), the leading Chinese milk producer, released its quarterly report on Friday, showing its net profit had jumped 636.66 percent year on year to 551 million yuan in the January-September period. According to the report, the company's operating revenue reached 19.22 billion yuan in the first nine months, up 1.03 percent over the same period of last year, the highest of China's dairy sector. Industry experts hold that Yili's strong growth this year is attributable to the high quality of its products, its innovation, and wide distribution channels.

Operating income declined 36% to $158m compared to $247m in the same period last year. Basic EPS was $0.14 compared to $0.29 last year. Cash and cash equivalents at the end of the quarter was $1.2 billion. The company said equipment revenue declined 29% to $802m, while service, outsourcing, and rentals revenue fell 9% to $1.94 billion. Finance revenue fell 10% to $178m, while supplies, paper and other revenue declined 18% to $753m. During the quarter, the company elevated CFO Lawrence A Zimmerman as vice chairman of the company. It also resolved all patent disputes with Acacia Research subsidiary International Printer by signing a license agreement covering a patent portfolio relating to networkable multifunction printer technology. It also announced plans to acquire IT services vendor Affiliated Computer Services for $6.4 billion to move into the growing IT outsourcing business. Xerox chief executive, Ursula Burns, said: "Our third-quarter performance reflects our continued disciplined approach to managing cash and reducing costs. As a result, we exceeded our expectations for earnings and operating cash flow, and are benefiting from operational improvements that are mitigating the economic challenges." The company said it expects fourth quarter EPS in the range of $0.20 to $0.22 and fiscal 2009 EPS in the range of $55 to $57.

Prior to joining WuXi, Dr Cai was president of Inflexion BioPartners and vice president of corporate development at Huya Bioscience. Previously, Dr Cai spent 10 years at Johnson & Johnson Pharmaceutical R&D on multiple small molecule drug discovery programs. Ge Li, chairman and CEO of WuXi PharmaTech, said: "I am very pleased to welcome Hui on board as we continue to enhance our business development. Hui brings us a broad portfolio of expertise and experience in strategic planning, business development and portfolio management, with which we are confident that our discovery business will grow rapidly."

The company said that real internal growth reached 1% having accelerated throughout the year and across most segments of the business. For the first nine months of 2009, organic growth for Nestle's food and beverage business was 3.5%. The company posted an organic growth of 6.4% in the Americas, 0% in Europe and 5.8% in Asia, Oceania and Africa. Paul Bulcke, CEO of Nestle, said: "The increased momentum of real internal growth in the third quarter, coming on top of high growth in 2008, once again proves the strength of Nestle's strategy. In these challenging times, we have been streamlining our structures and product portfolio and, at the same time, we continue to invest in innovative technologies and expand our R&D capabilities around the world. "In addition, we have increased spending in product innovation and consumer-facing brand-support. All this allows me to confirm my expectation that volume-driven organic growth will further accelerate and that the EBIT margin in constant currencies will improve for the full year."

Sales for the third quarter of 2009 were $424C.55 million, a 4.2% increase, compared to $443C.09 million, for the third quarter of 2008. For the first nine months of 2009, net income was $62C.47 million, or $2C.46 per diluted share, compared to $38C.48 million, or $1C.51 per diluted share, for the corresponding period of 2008. Sales for the first nine months of 2009 were $1C.27 billion, compared to $1C.26 billion for the first nine months of 2008. Richard Lan, president and CEO of Canada Bread Company, said: "Our organization has achieved steady earnings growth despite challenging global economic conditions. We are steadfastly focused on growing sales through deepening our relationships with customers, delivering more product innovation to appeal to consumers, and developing lots of excitement and momentum internally around our market wins and opportunities ahead."

Under the contract, Tieto will provide hosting services for email, mobile email based on Lotus Notes, collaboration services as well as other business-critical servers for the needs of over 2 000 end-users inside and outside the Flakt Woods Group. The application is part of a project to centralize Flakt Woods' IT infrastructure services. Mikko Pulkkinen, vice president at Tieto Manufacturing Finland, said: "Tieto has maintained a trusted relationship with Flakt Woods for over 12 years during which we have provided Flakt Woods with applications maintenance services for their ERP system. Data center services was a natural extension of this partnership. Our standardized services have received an excellent reception amongst our customers. The cost-effective solution means that we can offer greater flexibility, according to business needs." The deal follows Tieto's contract from Nokia Siemens Networks to provide IT application management services for research and development related applications and customer care related applications globally. It also won an IT outsourcing contract from Germany's commercial real estate financer WestImmo to take care of the bank's IT services.

to Support China Manufacturing Base and Global Sales Expansion; MPLS network from TFM Networks enhances global sales, production and logistics operations and boosts manufacturing productivity Energy management systems manufacturer Elstat has deployed an MPLS virtual private network from TFM Networks to manage its China manufacturing base and support its global sales expansion. The Preston-based manufacturer, which is an approved supplier to Coca-Cola, opened a production line in China in order to satisfy growing global demand. The company selected IT specialist Netdec to set up an IT and comms network infrastructure to support its global sales, production and logistics operations.

outsourcing infrastructure contract; Data Centre, Network and End User operations to be delivered by IBM London, UK --: IBM (NYSE:IBM) and QBE, one of the world's leading international insurers and reinsurers, today announced a strategic agreement for IBM to transform and manage the IT infrastructure of QBE's UK and Western European offices.

Inner Mongolia Yili (600887.SH), the leading Chinese milk producer, released its quarterly report on Friday, showing its net profit had jumped 636.66 percent year on year to 551 million yuan in the January-September period. According to the report, the company's operating revenue reached 19.22 billion yuan in the first nine months, up 1.03 percent over the same period of last year, the highest of China's dairy sector. Industry experts hold that Yili's strong growth this year is attributable to the high quality of its products, its innovation, and wide distribution channels.

The Governor's Office of Energy Management and Conservation issued the following news release: Gov. Bill Ritter today congratulated four Colorado companies, three state institutions and the Denver Museum of Nature and Science for securing $18 million in Recovery Act funding for geothermal exploration, research and demonstration projects. Grants included $4.78 million to Flint Geothermal to use geological mapping tools to identify Colorado geothermal resources and $4.6 million to Colorado's Department of Personnel and Administration to assess the performance of ground source heat pump projects.

LONDON, Oct. 30 /PRNewswire-FirstCall/ -- IBM (NYSE: IBM) and QBE, one of the world's leading international insurers and reinsurers, today announced a strategic agreement for IBM to transform and manage the information technology (IT) infrastructure of QBE's UK and Western European offices.

SHANGHAI, Oct. 30 /PRNewswire-Asia/ -- WuXi PharmaTech (Cayman) Inc. (NYSE: WX), a leading pharmaceutical, biotechnology, and medical device research and development outsourcing company, with operations in China and the United States, today announced that it had received the 2009 Excellence Award from Schering-Plough.

VAN BUREN TWP., Mich., Oct. 29 /PRNewswire/ -- Ricardo, Inc., the US subsidiary of Ricardo plc, the leading independent provider of technology, product innovation and engineering solutions to the world's automotive, defense, transport and new energy industries, has been awarded a contract for the development of a new vehicle under the Fuel Efficient Ground Vehicle Demonstrator (FED) program launched by TARDEC, the U.S. Army's Tank Automotive Research, Development and Engineering Center in Warren, Michigan. The FED program, launched in late 2008, has the overarching goals of improving military vehicle technology, reducing fuel consumption on the battlefield, and reducing the nation's dependence on oil. Ricardo will apply its expertise in the development and manufacture of special vehicles and advanced automotive technology to create a demonstration vehicle that maximizes fuel economy while maintaining the capability and performance of light tactical wheeled vehicles.

Proterra LLC, a Colorado-based manufacturer of zero-emission heavy-duty vehicle systems and transit buses, and Altair Nanotechnologies, Inc. (Altairnano) (NASDAQ: ALTI), a leading provider of energy storage systems for clean, efficient power and energy management, today introduced to Washington DC policymakers the only made-in-America electric rapid-charge hybrid bus that meets California's zero emission rules. Proterra's initial product, a thirty-five foot all-electric transit bus, has been designed from the ground up to enable transit agencies to replace conventional diesel buses on a one-for-one basis with the world's first all-electric buses operating 24/7. This is accomplished by combining Proterra's light-weight composite body, highly efficient ProDrive(TM), advanced TerraVolt(TM) energy storage system (powered by Altairnano batteries) and on-route rooftop FastCharging(TM) station to charge the batteries in 5-10 minutes. The vehicle achieves between 18 and 29 miles per gallon diesel fuel equivalent fully loaded with 68 passengers -- 500% better than a comparable diesel bus.

India Globalization Capital, Inc. (NYSE Amex: IGC), a company competing in the rapidly growing materials and infrastructure industry in India, today announced it has finalized plans and advanced construction for two rock quarries in Maharashtra, India. The two quarries are expected to be in production by the middle of December 2009, in time for the full swing of the construction season. Combined capacity of the two quarries is projected between 10 million and 11 million metric tons of rock aggregate, representing potential revenue, based on current pricing, of around $40 million over five to seven years.

(BW)(NC-QUINTILES-CED) Quintiles Consulting Further Strengthens Its Regulatory and Quality Capabilities Experts Bring Depth of Experience Biotech Writers RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE) - Oct. 29, 2009-- Quintiles Consulting today announced three key appointments in its US Regulatory and Quality consulting practice. These new appointments expand Quintiles' experience in regulatory compliance and quality system development. They also bring industry-leading expertise to the table to help clients navigate a rapidly changing regulatory environment and fully optimize the development of a new drug, biologic or medical device. "Our customers are facing intense pressure in the marketplace due to ever-increasing scrutiny by regulators and public demand for quality products," said Geoff Garabedian, Vice President and Managing Director for the Regulatory and Quality practice. "With these new appointments, Quintiles' Consulting practice offers a uniquely experienced global Regulatory and Quality consulting group to drive our clients' success.

SHANGHAI, Oct. 30 /PRNewswire-Asia/ -- WuXi PharmaTech (Cayman) Inc. (NYSE: WX), a leading pharmaceutical, biotechnology, and medical device research and development outsourcing company, with operations in China and the United States, today announced that it had received the 2009 Excellence Award from Schering-Plough.

(BW)(NC-QUINTILES-CED) Quintiles Consulting Further Strengthens Its Regulatory and Quality Capabilities Experts Bring Depth of Experience Biotech Writers RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE) - Oct. 29, 2009-- Quintiles Consulting today announced three key appointments in its US Regulatory and Quality consulting practice. These new appointments expand Quintiles' experience in regulatory compliance and quality system development. They also bring industry-leading expertise to the table to help clients navigate a rapidly changing regulatory environment and fully optimize the development of a new drug, biologic or medical device. "Our customers are facing intense pressure in the marketplace due to ever-increasing scrutiny by regulators and public demand for quality products," said Geoff Garabedian, Vice President and Managing Director for the Regulatory and Quality practice. "With these new appointments, Quintiles' Consulting practice offers a uniquely experienced global Regulatory and Quality consulting group to drive our clients' success.