latest news releases from the newsroom
Pride International, Inc.
Pride International, Inc. Provides Update On Fleet Contract Status
HOUSTON, Sept. 20, 2007 (PRIME NEWSWIRE) -- Pride International, Inc. (NYSE:PDE) today announced that its report of drilling rig status and contract information covering the company's fleet of offshore drilling rigs, its five drilling management projects, along with a summary status of its Eastern Hemisphere-based land fleet, has been updated as of Sept. 19, 2007. The updated report, titled "Monthly Fleet Update," is available through the company's World Wide Web address at www.prideinternational.com and can be accessed at the Investor Relations link.
MercadoLibre, Inc. Appoints New Board Members
BUENOS AIRES, Argentina, Sept. 20, 2007 (PRIME NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq:MELI) (http://www.mercadolibre.com) today announced the appointment of Anton J. Levy and Veronica Allende Serra as directors of the company. Mr. Levy was also appointed to the Audit Committee and will serve as Chairman of the Audit Committee and Ms. Serra was also appointed to the Compensation Committee and will serve as Chairman of the Compensation Committee.
Barnwell Industries, Inc.
Barnwell Industries, Inc. Announces Share Repurchase Program
HONOLULU, Sept. 20, 2007 (PRIME NEWSWIRE) -- Barnwell Industries, Inc. (AMEX:BRN) (the "Company") today announced that its Board of Directors authorized the Company to acquire in the open market, from time-to-time during the period commencing on September 24, 2007 and ending on March 24, 2008, and in accordance with applicable laws, rules and regulations, up to 150,000 shares of the Company's common stock, par value $0.50 per share (the "Common Stock"). The Board of Directors believes that the current market price for the Common Stock does not adequately reflect the intrinsic value of the Common Stock, and as such, proposes that the Company take advantage of the disparity between the market value and the intrinsic value of the Common Stock.