latest news releases from the newsroom
Dow Jones & Company
Dow Jones Agrees to Sell Six Local Newspapers for $282.5 Million
NEW YORK, Oct. 27, 2006 (PRIMEZONE) -- Dow Jones & Company (NYSE:DJ) announced a definitive agreement to sell six of its community newspapers to Community Newspaper Holdings, Inc. for $282.5 million in cash, subject to a working capital adjustment. We expect the after-tax proceeds to be approximately $268.0 million, which will be used to fund the recently announced Factiva acquisition and to pay down debt.
Local 6 Leadership Strongly Endorses Final Offer From Waste Management
OAKLAND, Calif., Oct. 27, 2006 (PRIMEZONE) -- The International Longshoremen's and Warehousemen Union Local 6 representing 100 landfill workers at three East Bay disposal locations have told Waste Management (NYSE:WMI) that they plan on endorsing the final contract offer. They also state that they intend on recommending this offer to their membership for endorsement at the vote scheduled for later today.
Transmeridian Exploration, Inc.
Transmeridian Exploration Provides Operations Update; Sets Date for Third Quarter Conference Call
HOUSTON, Oct. 27, 2006 (PRIMEZONE) -- Transmeridian Exploration Incorporated (AMEX:TMY) today announced that the three most recent wells to reach total depth in its South Alibek field in western Kazakhstan, SA-13, SA-16 and SA-21, have been logged and cased and are ready for completion. Completion of the wells, including high-velocity acid stimulation, is still pending due to delayed arrival and mechanical failure of certain third-party service company equipment. The wells are now expected to be completed over the next two weeks.