latest news releases from the newsroom
Northrop Grumman Corp.
Photo Release -- Northrop Grumman Elects Darryl M. Fraser Corporate Vice President, Communications; Rosanne O'Brien to Retire
LOS ANGELES - Feb. 21, 2008 - Northrop Grumman Corporation (NYSE:NOC) announced today that its board of directors has elected Darryl M. Fraser, 49, corporate vice president, Communications, effective March 15, 2008. He succeeds Rosanne O'Brien, who is retiring in May in accordance with the company's mandatory retirement policy for officers. Fraser is currently sector vice president of Business Development and Strategic Initiatives at the company's Mission Systems sector. He will report to Ronald D. Sugar, the company's chairman and chief executive officer, and will become a member of the Corporate Policy Council. Following March 15, O'Brien will continue to report to Sugar and assist with the transition until her official retirement date.
Eurand Granted Priority Review for Zentase NDA
PHILADELPHIA, Feb. 21, 2008 (PRIME NEWSWIRE) -- Eurand N.V. (Nasdaq:EURX), a specialty pharmaceutical company that develops enhanced pharmaceutical and biopharmaceutical products based on its proprietary drug formulation technologies, announced today that the New Drug Application ("NDA") for Zentase(tm) (EUR-1008) was accepted and has been granted priority review by the United States Food and Drug Administration (FDA).
Timberline Resources Corporation
Timberline Announces First Quarter Financial Results
COEUR D'ALENE, Idaho, Feb. 21, 2008 (PRIME NEWSWIRE) -- Timberline Resources Corporation (OTCBB:TBLC) today announced consolidated financial results for its first fiscal quarter of 2008 which ended on December 31, 2007. Timberline's contract drilling subsidiary, Kettle Drilling Inc. ("Kettle") and its wholly-owned Mexican subsidiary, World Wide Exploration, S.A. de C.V. ("World Wide"), reported combined gross revenues of $6.44-million, compared to $3.21-million in revenues from the same period a year ago. Overall, Timberline reported a net loss of $1.99-million compared to a loss of $1.14-million in the same period last year.
QLogic Completes Validation of InfiniBand Products With IBM DB2 Data Server
ALISO VIEJO, Calif., Feb. 21, 2008 (PRIME NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC), a leader in networking for storage and high performance computing (HPC), today announced it has completed validation testing of its suite of InfiniBand products with the IBM DB2 data server portfolio, including IBM DB2 9.1 "Viper," giving businesses the ability to use ultra high bandwidth and extremely low latency QLogic(r) InfiniBand(r) networking to interconnect their clustered DB2 databases and improve overall performance. InfiniBand also provides companies with a "single pipe" architecture that can be used for server, storage and networking traffic which simplifies data center design and reduces operating costs.
Ariel Way, Inc.
Ariel Way, Inc. Closes Acquisition of Syrei Holding UK Ltd.
VIENNA, Va., Feb. 21, 2008 (PRIME NEWSWIRE) -- Ariel Way, Inc. (OTCBB:AWYI) announced today that the Company on February 20, 2008 completed the First Closing to acquire Syrei Holding UK Ltd., a UK and Sweden-based telecom-consulting firm comprised of senior specialists and experts in the evolving global telecommunications market (www.syrei.com). The transaction agreement will separately be filed with SEC.