latest news releases from the newsroom
Northrop Grumman Corp.
Northrop Grumman Adds Montgomery County, Maryland, to Growing List of E-911 Systems Built Across the Country
RESTON and HERNDON, Va., Sept. 11, 2003 (PRIMEZONE) -- Montgomery County, Md., went live this summer with one of the nation's most sophisticated emergency communications systems, designed, integrated and implemented by Northrop Grumman Corporation (NYSE:NOC). The county's new public safety communications system includes an 800-megahertz voice radio system and the public safety data system (PSDS), as well as the interfaces between the two systems.
Durban Roodepoort Deep
DRD Raises Additional $21.8 Million From Investec Option Agreement
JOHANNESBURG, South Africa, Sept. 11, 2003 (PRIMEZONE) -- Durban Roodepoort Deep, Limited ("DRD") (JSE:DUR) (Nasdaq:DROOY) has raised an additional US$21.8 million (R161.4 million) from the exercise by the Investec Group (Investec) yesterday (10.09.03) of its option on 9 million new DRD ordinary shares, being the remainder of its total option on 27-million shares.
Libra Establishes Restructuring Unit Headed by Industry Veteran; Daniel Harrow to Lead New Division Advising Boards, Investors/Funds, Banks, Management of Distressed Middle-Market Companies
LOS ANGELES, Sept. 11, 2003 (PRIMEZONE) -- Libra Securities, a leading middle-market investment bank, today announced the formation of a new Restructuring Division to be headed by industry veteran Daniel Harrow. The unit will focus on advising board members, private equity investors and fund managers, banks and other creditors, as well as the management of distressed middle-market companies on issues related to in- and out-of-court restructurings, recapitalizations, distressed mergers and acquisitions, along with raising capital for troubled companies. The group will also perform diagnostic analyses for boards, investors and creditors to evaluate a company's financial health and market competitiveness, identifying the critical issues that should be acted upon by stakeholders.