latest news releases from the newsroom
Delta Air Lines, Inc.
Delta Adds Arrival Management System to Growing List of Fuel Conservation Initiatives
ATLANTA, Aug. 24, 2006 (PRIMEZONE) -- Beginning in August, Delta Air Lines is using a new decision support tool to better manage landings into Atlanta during congested periods, resulting in less fuel consumption. The program, called Attila, talks directly between Delta's Operations Control Center (OCC) and Delta cockpits to provide pilots with coordinated speed adjustments, which in turn allows for more evenly spaced landings and less airspace congestion. The program is the latest in a long list of conservation efforts the company has implemented over the years and alone is expected to save as much as $6 million of the more than $40 million in fuel savings that Delta expects to realize this year.
Stonebridge Resources Exploration Ltd.
Stonebridge Negotiates Access to NCO2 Technology
HOUSTON, Aug. 24, 2006 (PRIMEZONE) -- Stonebridge Resources Exploration Ltd. (Pink Sheets:SBRX) announced that the Company has completed negotiations to obtain state-of-the-art (NCO2) enhanced oil recovery technology. Utilized by major oil companies for several years (NCO2) technology has proved successful by increasing oil production in various types of oil reservoirs.
Parker Waichman Alonso LLP
Parker & Waichman, LLP Files Suit Against Ortho-McNeil Pharmaceutical, Inc., Additional Suits to be Filed in Coming Months -- JNJ
NEW YORK, Aug. 24, 2006 (PRIMEZONE) -- Parker & Waichman, LLP (www.yourlawyer.com) announced that it has filed suit against Ortho-McNeil Pharmaceutical, Inc., a division of Johnson and Johnson Inc. (NYSE:JNJ), on behalf of a 34 year-old woman. The woman was diagnosed with a severe pulmonary embolism after using the Ortho Evra birth control patch less than two years. The suit was filed in the United States District Court for the District of New Jersey earlier this month. Additionally, Parker & Waichman, LLP announced that it plans to file a significant number of additional cases against Ortho-McNeil Pharmaceutical, Inc. throughout the remainder of 2006. For more information on Ortho Evra and this case, please visit www.orthopatchlawsuit.com or www.yourlawyer.com/topics/overview/Ortho_Evra_Patch
Douglas Lake Minerals Inc.
Douglas Lake Minerals Announces New Chairman
VANCOUVER, British Columbia, Aug. 24, 2006 (PRIMEZONE) -- Harp Sangha, CEO and President of Douglas Lake Minerals Inc. (OTCBB:DLKM), is pleased to announce the Honorable Joseph Rugumyamheto, has accepted the position as Chairman of the Board. Honorable Rugumyamheto brings to Douglas Lake a unique combination of African politics, international liaison and business skills that will be instrumental in advancing the Company towards a prominent position in the African gold mining sector.
Eastmain Resources Inc.
Eastmain Resources Inc.: Eau Claire Gold Deposit Extended to 880-Metre Depth D Vein Expanded
TORONTO, Aug. 24, 2006 (PRIMEZONE) -- Eastmain Resources Inc. (TSX:ER) announces that results from drilling of the depth extension of the Eau Claire gold deposit are favourable. Preliminary calculations indicate that the 2006 program has increased the gold resource at Eau Claire. Gold-bearing, quartz-tourmaline veins in hole ER06-56 assayed 8.64 g/t Au over a 3.0-metre length at a vertical depth of 880 metres. This intercept includes an interval averaging 15.85 g/t Au across 1.5 metres and 0.5 metres containing visible gold, assaying 42.0 g/t Au. This drill intercept also extends the D Vein group 250 metres down-dip of ER04-44, which intersected three parallel high-grade veins ranging from 11.9 to 20.4 g/t Au across intervals of 1.4 to 1.6 metres. Drill hole ER06-52 intersected 7.32 g/t Au across 2.6 metres and includes a 0.6-metre length of 19.65 g/t Au. This zone lies within the D Vein group 115 metres up-dip of hole 44. Drill holes ER06-54 and ER06-55 also intersected gold-bearing D group veins which range from 4.47 to 8.37 g/t Au over 1.5 metres. These vein intercepts occur below ER04-38, which averaged 13.7 g/t Au over 5.0 metres. ER06-57 intersected 5.10 g/t Au over 1.5 metres, including 11.05 g/t Au across 0.5 metres in the G Vein. Low gold grades were returned from holes ER06-53, 58 and 59. The Eau Claire gold deposit is open at depth.
Quanex Building Products Corporation
Quanex Corporation Increases Common Stock Cash Dividend by 17 Percent
HOUSTON, Aug. 24, 2006 (PRIMEZONE) -- Quanex Corporation (NYSE:NX), an industry-leading manufacturer of value-added engineered materials and components for the vehicular products and building products markets, announced today that its Board of Directors authorized an annual dividend increase of $0.08 per common share outstanding. The Company said that the annual $0.48 dividend is now $0.56, a 17% increase. The cash dividend is effective to shareholders of record on September 15, 2006 and payable on September 29, 2006.
Quanex Building Products Corporation
Quanex Fiscal Third Quarter 2006 Results
HOUSTON, Aug. 24, 2006 (PRIMEZONE) -- Quanex Corporation (NYSE:NX) today reported fiscal third quarter results for the period ending July 31, 2006. Net sales in the quarter were $553.0 million compared to $492.6 million a year ago, and income from continuing operations was $44.9 million, equal to the $44.9 million reported in the year ago quarter. Diluted earnings per share from continuing operations were $1.14 compared to $1.14 in the third quarter last year. The Company's mid-quarter guidance was $1.05 - $1.09 diluted earnings per share from continuing operations. The latest 12 months return on invested capital was 19.0% compared to 19.7% a year ago. Diluted earnings per share were $1.14 versus $1.13 in the year ago quarter.