latest news releases from the newsroom
Overseas Shipholding Group, Inc.
OSG Announces Agreement to Charter Up to Six Additional Jones Act Tankers
NEW YORK, Feb. 7, 2007 (PRIME NEWSWIRE) -- Overseas Shipholding Group, Inc. (NYSE:OSG), a market leader providing global energy transportation services, today announced that it has signed an agreement in principle pursuant to which Aker Philadelphia Shipyard, a subsidiary of Aker American Shipping ASA, will construct up to six additional Veteran Class MT-46 Jones Act Product Tankers (three fixed plus three options). Once transferred to another Aker subsidiary, American Shipping Corporation, OSG will bareboat charter the vessels for initial terms of 10 to 15 years. The agreement in principle is subject to, among other conditions, approval by the Boards of Directors of OSG and Aker American Shipping, preparation and agreement of final documentation and relevant government approvals.
Radiant Logistics, Inc.
Radiant Announces Further Network Expansion With New Airgroup Operations in Chicago, Illinois
BELLEVUE, Wash., Feb. 7, 2007 (PRIME NEWSWIRE) -- Radiant Logistics, Inc. (OTCBB:RLGT), a domestic and international logistics services company, today announced its wholly owned subsidiary Airgroup Corporation ("Airgroup") made further gains in the growth of its North American operations opening new offices in the key mid-west gateway of Chicago, Illinois. Airgroup-ORD will operate as a new exclusive agent location and leverage the Company's robust technology platform and global network to provide domestic and international freight forwarding and logistics services and operate from a facility that features 20,000 square feet of warehouse space with 16 loading docks and cross docking capabilities.
John H. Harland Company
Harland Reports Results for the Fourth Quarter and Full-Year 2006
ATLANTA, Feb. 7, 2007 (PRIME NEWSWIRE) -- John H. Harland Company (NYSE:JH) today reported results for the fourth quarter and full year of 2006. On December 20, 2006, Harland announced that it had signed a definitive merger agreement with M&F Worldwide Corp. by which M&F Worldwide would acquire John H. Harland Company for $52.75 per share in cash. The merger is expected to close in the second half of 2007, subject to the satisfaction of customary closing conditions, including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and approval by Harland shareholders.
Infinity Pharmaceuticals, Inc.
Infinity Announces Fourth Quarter and Year End 2006 Results
CAMBRIDGE, Mass., Feb. 7, 2007 (PRIME NEWSWIRE) -- Infinity Pharmaceuticals, Inc. (Nasdaq:INFI), an innovative cancer drug discovery and development company, today announced results for the quarter and year ended December 31, 2006, company highlights, and goals for 2007.