Orbitz Worldwide Inc. (NYSE:OWW) announced that it has reached a multi-year agreement by which United Continental Holdings, Inc. (NYSE:UAL) will sell United and Continental flights on the Orbitz.com, CheapTickets.com and Orbitz for Business online travel sites. United Airlines, Continental Airlines and their regional affiliates operate more than 5,600 daily flights to 376 destinations. Both United and Continental played leadership roles in the creation of Orbitz and the extension of the Orbitz relationship reflects a successful distribution partnership that dates back to the Orbitz launch in 2001.
Orbitz Worldwide, Inc. operates as an online travel company worldwide. It enables leisure and business travelers to search for and book a range of travel products and services.
Crown Equity Holdings Inc. (OTC.BB:CRWE.OB) (www.crownequityholdings.com) announced that its subsidiary Crown Tele Services Inc. has entered into a letter of intent with BBN Solutions.
BBN Solutions, located in India, and Crown Tele Services Inc. (www.crownteleservices.com) shall form a 50/50 Joint Venture corporation for the purpose of granting to Crown Tele Services Inc., exclusive rights in the United States to BBN's telecommunications marketing process and services.
Commenting on the Letter of Intent, Kenneth Bosket, President of Crown Tele Services Inc., stated: "This Joint Venture will give both companies a strategic advantage within the communication market.
About Crown Tele Services Inc.
Crown Tele Services Inc. is a provider of affordable, world class (VoIP) communications solutions and is a subsidiary of Crown Equity Holdings Inc. For more information visit www.crownteleservices.com
About Crown Equity Holdings Inc.
Crown Equity Holdings Inc. offers advertising branding and marketing services as a worldwide online multi-media publisher with its digital network of websites and focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. Its advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. For more information visit www.crownequityholdings.com.
About BBN Solutions
BBN Solutions doing business as BBN Telecom provides both wholesale and retail global communication, as well as calling cards. For more information visit www.bbntel.net
PAA Natural Gas Storage, L.P. (NYSE:PNG) reported net income of $22.0 million, or $0.30 per diluted unit, for the fourth quarter of 2011 and net income of $59.7 million, or $0.85 per diluted unit, for the full year 2011. Net income for the fourth quarter of 2010 was $9.8 million, or $0.22 per diluted unit, and full-year 2010 net income was $29.8 million. The Partnership reported earnings before interest, taxes, depreciation, depletion and amortization (?EBITDA?) of $32.6 million and $98.8 million for the respective fourth-quarter and full-year 2011 periods, compared with EBITDA of $14.4 million for the fourth quarter of 2010 and $51.2 million for the full year 2010.
PAA Natural Gas Storage, L.P., through its subsidiaries, engages in the acquisition, development, operation, and commercial management of natural gas storage facilities. As of May 4, 2011, it owned and operated three natural gas storage facilities in Louisiana, Mississippi, and Michigan.
Apache Corporation (NYSE:APA) reported that record production and strong oil prices combined to generate record full-year 2011 earnings of $4.5 billion or $11.47 per diluted common share, up 50 percent from $3 billion or $8.46 per share in 2010. Production increased 14 percent to 748,000 barrels of oil equivalent (boe) per day. Cash from operations before changes in operating assets and liabilities rose 39 percent to $10.2 billion. Excluding certain items that management believes affect the comparability of operating results, Apache reported adjusted earnings of $4.7 billion or $11.83 per share, up from $3.2 billion or $8.94 per share in 2010.
Apache Corporation, together with its subsidiaries, operates as an independent energy company. It engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids (NGLs).
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