latest news releases from the newsroom
Delta Air Lines, Inc.
Delta Files Plan of Reorganization, Intends to Emerge From Chapter 11 in Spring 2007
ATLANTA, Dec. 19, 2006 (PRIME NEWSWIRE) -- Delta Air Lines ("Delta") (Other OTC:DALRQ) today announced that its Board of Directors has unanimously concluded that the Company's creditors, as well as its other stakeholders, are best served by moving forward with the Company's standalone Plan of Reorganization (the "Plan"). Accordingly, the Company today filed its standalone Plan and a related Disclosure Statement ("the Disclosure Statement") with the U.S. Bankruptcy Court for the Southern District of New York. The Company intends to emerge from Chapter 11 in the spring of 2007.
JetBlue Airways Corporation
Hudson Valley On the Horizon: JetBlue Begins Service to Newburgh, New York
NEW YORK, Dec. 19, 2006 (PRIME NEWSWIRE) -- JetBlue Airways Corporation (Nasdaq:JBLU) today begins daily nonstop service between Newburgh's Stewart International Airport (SWF), in New York's Hudson Valley, and Fort Lauderdale and Orlando, Florida. Beginning January 5, a second daily flight will be added to each destination. Additionally, daily nonstop service to West Palm Beach, Florida will begin January 5, making the low-cost carrier the largest airline serving Stewart International Airport.
Speedel Stops Current SPP301 Phase III Trial in Diabetic Kidney Disease in the Interests of Patient Safety
BASEL, Switzerland and BRIDGEWATER, N.J., Dec. 19, 2006 (PRIME NEWSWIRE) -- Speedel (SWX:SPPN) announced today that in the interests of patient safety it has stopped the current pivotal Phase III clinical trial of SPP301 (Avosentan) in diabetic nephropathy (diabetic kidney disease). This decision was taken by the ASCEND(1) trial's Steering Committee based on a recommendation from the Data Safety Monitoring Board to stop the trial, following a significant imbalance in fluid retention in patients amongst the study arms. The company is informing health authorities including the U.S. Food and Drug Administration and is in the process of notifying all clinical investigators in the trial. The company also said that the compound will be evaluated for potential new clinical trials in diabetic kidney disease and other indications, and that an announcement concerning the next steps for SPP301 should occur around the middle of 2007.
Well Renewal, Inc.
Well Renewal to Purchase Oil and Gas Well Servicing Units
TULSA, Okla., Dec. 18, 2006 (PRIME NEWSWIRE) -- Well Renewal, Inc. (Pink Sheets:WRNW), a rapidly growing diversified oil and gas regional operator, specializing in enhanced technologically advanced recovery of abandoned and low-production oil properties, oil field services and petrochemical distribution, today announced it will purchase several work-over rigs from Economy Mfg. and Oilfield Equipment Co., an Oklahoma based dealer of equipment for the oil and gas industry.
RIMOWA TANGO -- Award-Winning Innovation
COLOGNE, Germany, Dec. 18, 2006 (PRIME NEWSWIRE) -- Mipel in Milan has singled out the new TANGO luggage series of the premium brand RIMOWA for its Innovation Award. Since its founding in 1962, Mipel has been one of the leading international trade fairs for leather goods, right in the heart of the fashion capital of Milan.
Lead Plaintiff Cyberonics Investor's Group Have Filed an Amended Complaint Against Cyberonics, Inc. -- CYBX
SAN DIEGO, Dec. 18, 2006 (PRIME NEWSWIRE) -- Court-appointed Lead Plaintiffs in In re Cyberonics, Inc. Securities Litigation, Master File No. H-0502121, U.S. District Court for the Southern District of Texas, announce the filing of a first amended class action complaint on behalf of purchasers of Cyberonics, Inc. ("Cyberonics") (Nasdaq:CYBX) securities during the period from February 5, 2004, through August 1, 2006, inclusive.