latest news releases from the newsroom
Meritage Homes Corporation
Weaker Trends in Home Sales Cause Meritage Homes to Revise Its Outlook for 2007
SCOTTSDALE, Ariz., June 6, 2007 (PRIME NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH), a leading U.S. homebuilder, reported today that April and May home sales have been weaker than expected, as reported by other leading homebuilders, and lower than the Company's first quarter order rates. Preliminary net sales for the first two months of the second quarter were approximately 21% lower than the same period last year, and cancellations increased to a rate of 36% of gross orders, from 27% reported in the first quarter 2007.
Nord Resources Corporation
Nord Resources Corporation Announces Completion of Equity Financing
TUCSON, Ariz., June 6, 2007 (PRIME NEWSWIRE) -- Mr. Ronald A. Hirsch, Chairman of the Board of Directors of Nord Resources Corporation ("Nord") (Pink Sheets:NRDS) announced today that Nord has completed an offering of 30,666,700 special warrants of Nord (each a "Special Warrant") at a price of $0.75 per Special Warrant for aggregate gross proceeds of approximately $23 million. The offering was effected on a private placement basis using a Canadian broker as lead agent on a best efforts basis, subject to a minimum subscription level of $20 million. Each Special Warrant is convertible into one share of Nord's common stock (each a "Share") and one-half of one common stock purchase warrant (each a "Warrant") for no additional consideration. Each Warrant, when issued, will entitle the holder to purchase one additional share of Nord's common stock (each a "Warrant Share") for a period of five years following the date of closing of the private placement at a price of $1.10 per share.
Tyson Foods, Inc.
Tyson Launches 'Thank You' Marketing Campaign
NEW YORK, June 6, 2007 (PRIME NEWSWIRE) -- As part of an effort to help consumers become and be recognized as "mealtime heroes," Tyson Foods, Inc. (NYSE:TSN) is launching a new marketing campaign, the company announced today at the Stephens Inc. Spring Investor Conference in New York.