latest news releases from the newsroom
Northrop Grumman Corp.
Photo Release -- Northrop Grumman Dedicates New High-Tech Nebraska Facility
OMAHA, Neb., Nov. 18, 2005 (PRIMEZONE) -- Nebraska's largest defense contractor, Northrop Grumman Corporation (NYSE:NOC), cut the ribbon today on a new 110,000 square-foot facility, located on Highway 370 near Offutt Air Force Base. The new three-story state-of-the art facility, which houses approximately 400 employees, marks the consolidation of Northrop Grumman's four local sites into one single headquarters.
SimpleTech Announces Addition of Rajat Bahri to the Board of Directors; Director Mark Hollinger Resigns
SANTA ANA, Calif., Nov. 18, 2005 (PRIMEZONE) -- SimpleTech, Inc. (Nasdaq:STEC), a designer, manufacturer and marketer of custom and open-standard memory and storage solutions based on Flash memory, DRAM and hard disk drive technologies, today announced that Rajat Bahri, CFO of Trimble Navigation, Sunnyvale, CA (Nasdaq:TRMB), has been elected as a Director to the SimpleTech Board. Mark Hollinger, chairman, president and CEO of Merix Corporation, (Nasdaq:MERX), Forest Grove, Oregon, has tendered his resignation from the SimpleTech Board, including the audit, compensation, and nominating and corporate governance committees, effective November 17, 2005.
Panama Announces Results of Cash Tender Offer
PANAMA CITY, Nov. 18, 2005 (PRIMEZONE) -- The Republic of Panama ("Panama") announced today that it expects to purchase for cash approximately U.S. $815 million in aggregate original principal amount of its securities listed below (each, an "Eligible Series" and collectively, the "Eligible Securities"), pursuant to its previously announced offer (the "Offer"), on the terms and subject to the conditions set forth in the offer to purchase dated November 14, 2005, as supplemented on November 15, 2005, relating to the Offer (the "Offer to Purchase"), at the price per U.S. $1,000 original principal amount of each Eligible Series set forth in the Offer to Purchase, plus accrued and unpaid interest up to, but not including, the settlement date.