latest news releases from the newsroom
UNITE HERE Backed Labor Complaint Thrown Out
LOS ANGELES, July 5, 2007 (PRIME NEWSWIRE) -- After a thorough investigation, the regional office of the National Labor Relations Board (NLRB) has dismissed charges against the LAX Hilton. The allegations, claiming violations of the National Labor Relations Act, were made by UNITE HERE Local 11 on behalf of an employee who had been fired for theft. In fact the employee in question had been caught in the act by security cameras.
Radyne to Acquire AeroAstro
PHOENIX, July 5, 2007 (PRIME NEWSWIRE) -- Radyne Corporation (Nasdaq:RADN) announced today that it had signed a definitive merger agreement to acquire AeroAstro, Inc., for approximately $17.25 million in cash and $750,000 in stock. In addition, Radyne will assume, and pay off, approximately $500,000 in AeroAstro debt. The transaction has been approved by the boards of both companies and is expected to close within the next 30 days subject to customary closing conditions.
NVE Announces Dismissal of Shareholder Class Action
EDEN PRAIRIE, Minn., July 5, 2007 (PRIME NEWSWIRE) -- NVE Corporation (Nasdaq:NVEC) today announced that the United States District Court for the District of Minnesota has dismissed with prejudice the consolidated shareholder class action lawsuit filed in 2006 against NVE and certain of its current and former executive officers and directors.