latest news releases from the newsroom
Seadrill Secures New Tender Rig Contract in Indonesia
HAMILTON, Bermuda, Dec. 21, 2006 (PRIME NEWSWIRE) -- Seadrill has been awarded a letter of intent by ConocoPhillips for development drilling in Indonesia. The contract has a duration of three years with commencement scheduled for the fourth quarter 2008/first quarter 2009. Estimated contract value is approximately US$178 million. Seadrill has the option to use either West Berani or West Setia for this assignment.
Tapiola Asset Management Ltd Selects SimCorp Dimension
COPENHAGEN, Denmark, Dec. 21, 2006 (PRIME NEWSWIRE) -- Tapiola Asset Management Ltd, the 5th largest asset manager in Finland, has chosen SimCorp Dimension as their future asset management platform. Recently, Tapiola increased its focus on asset management by merging Tapiola Asset Management Ltd into Tapiola Fund Management Company Ltd, which now has approximately EUR 5.1bn assets under management.
Metso Shares Subscribed With 2003A Stock Options
HELSINKI, Finland, Dec. 21, 2006 (PRIME NEWSWIRE) -- A total of 65,000 shares in Metso Corporation have been subscribed for with the 2003A stock options during a period of December 7-11, 2006. The nominal value of one share is EUR 1.70. As a result of share subscriptions, the increase in the share capital, EUR 110,500 has been entered into the Trade Register on December 21, 2006. After this increase, the company's share capital is EUR 240,923,343.80 and the total number of shares is 141,719,614. Out of this total, Metso holds 360,841 shares.
Faruqi & Faruqi LLP
Faruqi & Faruqi, LLP Announces Filing of Class Action Lawsuit Against TOP Tankers, Inc. -- TOPT
NEW YORK, Dec. 20, 2006 (PRIME NEWSWIRE) -- Notice is hereby given that a class action lawsuit was commenced in the United States District Court for the Southern District of New York on behalf of all purchasers of TOP Tankers, Inc. ("TOP Tankers" or the "Company") (Nasdaq:TOPT) securities between June 28, 2005 and November 28, 2006, inclusive (the "Class Period"). A copy of the complaint filed in this action can be viewed on the firm's website at www.faruqilaw.com
Lincoln Bancorp Announces Dividend
PLAINFIELD, Ind., Dec. 20, 2006 (PRIME NEWSWIRE) -- Lincoln Bancorp (Nasdaq:LNCB), the holding company of Lincoln Bank, announced today that the Board of Directors of Lincoln Bancorp declared a cash dividend of $.14 on each share of its Common Stock for the fourth quarter ending December 31, 2006. The dividend is payable January 15, 2007 to holders of record on December 29, 2006.
Nord Resources Corporation
Nord Resources Corporation Announces Stockholder Approval of Merger
TUCSON, Ariz., Dec. 20, 2006 (PRIME NEWSWIRE) -- Mr. Ronald A. Hirsch, Chairman of the Board of Directors of Nord Resources Corporation ("Nord") (Pink Sheets:NRDS) is pleased to announce that Nord's stockholders have overwhelmingly approved the proposed acquisition of Nord by Platinum Diversified Mining, Inc. ("Platinum") in the all-cash merger transaction (the "Merger") announced on October 23, 2006. The special meeting of Nord's stockholders was convened and held in Tucson, Arizona, at 10:00 a.m. (Arizona time) on December 20, 2006. The approval by Nord's stockholders follows approval by the shareholders of Platinum on December 12, 2006.
Lucas Energy Acquires Delphic Properties
HOUSTON, Dec. 20, 2006 (PRIME NEWSWIRE) -- Lucas Energy, Inc. (OTCBB:LUCE), a U.S. based independent oil and gas company today announced that it has acquired six oil wells located in Gonzalez, Texas from privately held Delphic Oil and Gas, LLC. The Delphic assets represent 4 properties with a total of 1172.29 acres. The properties hold oil and gas producing wells in the same area as another Lucas acquisition of 2,000 net acres with nine producing wells which were acquired in August, 2006.
HEICO Reports Record Sales and Operating Income in Fourth Quarter and Full Year Results
HOLLYWOOD, Fla. and MIAMI, Dec. 20, 2006 (PRIME NEWSWIRE) -- HEICO Corporation (NYSE:HEI-A) (NYSE:HEI) today reported net income increased 40% to a record $31,888,000, or $1.20 per diluted share, for the fiscal year ended October 31, 2006 from $22,812,000, or 87 cents per diluted share, for the fiscal year ended October 31, 2005. Net income for the fourth quarter of fiscal 2006 increased 41% to $9,321,000, or 35 cents per diluted share, from $6,625,000, or 25 cents per diluted share, in the fourth quarter of fiscal 2005.