latest news releases from the newsroom
Eagle Bancorp Montana, Inc.
Eagle Bancorp Announces Year End Earnings, Fourth Quarter Earnings and Increases Quarterly Cash Dividend
HELENA, Mont., July 20, 2006 (PRIMEZONE) -- Eagle Bancorp ("Eagle") (OTCBB:EBMT), the stock holding company of American Federal Savings Bank (the "Bank"), reported net income of $1,785,000, or $1.66 per share ($1.48 per share diluted), for the year ended June 30, 2006, and announced an increased cash dividend of $0.22 per share. These earnings represent an increase of $42,000, or 2.4%, compared to $1,743,000 for the year ended June 30, 2005. Earnings for the quarter ended June 30, 2006 were $438,000, or $0.41 per share ($0.36 per share diluted), an increase of 18.4% compared to $370,000 for the quarter ended June 30, 2005, and an increase of 8.7% from the $403,000 earned in the prior quarter ended March 31, 2006.
Occidental Petroleum Corp.
Occidental Petroleum Announces 22 Percent Quarterly Dividend Increase, Expansion of Share Repurchase Program and 2-For-1 Stock Split
LOS ANGELES, July 20, 2006 (PRIMEZONE) -- Occidental Petroleum Corporation (NYSE:OXY) announced today that its Board of Directors has increased the quarterly dividend to $.44 per share of common stock on a pre-split basis, compared to the previous quarterly rate of $.36 per share. The dividend will be payable on October 15, 2006 to all stockholders of record on September 8, 2006. The Board also increased the number of shares authorized for the previously announced share repurchase program to 20 million pre-split shares, leaving approximately 10 million pre-split shares to be repurchased from time to time in the open market or otherwise. The share repurchases will continue to be funded solely from available cash from operations. In addition, the Board authorized a two-for-one split of its common stock. The stock split will be payable on August 15, 2006 as a dividend of one share per each share held on the record date of August 1, 2006.
TGC Ventures International Inc.
TGC Ventures International Introduces New Director
ROCHESTER, N.Y., July 20, 2006 (PRIMEZONE) -- TGC Ventures International (Pink Sheets:TGVI) announced that Dr. George Grant, M.Sc., Ed.D, C.Chem. has been added to the board of directors. Dr. Grant is a renowned multi talented scientist who pioneered the research on Beta Endorphins in the early eighties. He possesses seven University Degrees, Co-authored 7 best selling books and has lectured to several Fortune 500 companies.
Emulex HBAs In VMware ESX Server Virtualization Environments Supported and Qualified by Sun Microsystems
COSTA MESA, Calif., July 20, 2006 (PRIMEZONE) -- Emulex Corporation (NYSE:ELX), the most trusted name in storage networking connectivity, today announced that its Sun Microsystems-branded 2Gb/s and 4Gb/s LightPulse(r) Fibre Channel HBAs support the recently launched VMware ESX Server operating environment. This reflects the collaboration among all three companies to deliver a fully integrated solution for Fibre Channel-based storage area network (SAN) connectivity, enabling customers to achieve the full performance and availability benefits associated with the Sun server and storage platforms with industry-leading server virtualization solutions from VMware.