latest news releases from the newsroom
Northrop Grumman Corp.
Northrop Grumman Announces Interconnect Technologies Closure
LOS ANGELES, May 17, 2007 -- Northrop Grumman Corporation (NYSE:NOC) today announced plans to close its Interconnect Technologies (ITD) business in Springfield, Mo., and exit the business of manufacturing printed circuit boards for third parties, effective July 31, 2007. The ITD exit and other restructuring actions result from an ongoing analysis of the company's operations based on strategic alignment, profitability and cash generation criteria. As a result, the company expects to record a pre-tax charge of approximately $20 million in the second quarter of 2007.
Achillion Pharmaceuticals, Inc.
Achillion to Present At the Sixth Annual JMP Securities Research Conference
NEW HAVEN, Conn., May 16, 2007 (PRIME NEWSWIRE) -- Achillion Pharmaceuticals, Inc., (Nasdaq:ACHN) a leader in the discovery and development of small molecule drugs to combat the most challenging infectious diseases, today announced that Michael D. Kishbauch, Chief Executive Officer of Achillion, will present a corporate overview and update on the Company's clinical programs in HIV, HCV and serious bacterial infections at the Sixth Annual JMP Securities Research Conference. The Company presentation will take place on Wednesday, May 23, 2007 at 10:30 a.m. PST (1:30 p.m. EST) at the Ritz-Carlton, San Francisco.
Momenta Pharmaceuticals Announces Date for 2007 Annual Meeting of Stockholders
CAMBRIDGE, Mass., May 16, 2007 (PRIME NEWSWIRE) -- Momenta Pharmaceuticals, Inc. (Nasdaq:MNTA), a biotechnology company specializing in the characterization and engineering of complex drugs, today announced that it will hold its Annual Meeting of Stockholders on June 13, 2007 at 8:30 am EDT at the offices of Wilmer Cutler Pickering Hale and Dorr LLP, 60 State Street, Boston, MA. Stockholders of record at the close of business on April 19, 2007 are entitled to vote at the Annual Meeting. Momenta has mailed a notice of the Annual Meeting and related proxy materials to stockholders of record on or about May 16, 2007.