latest news releases from the newsroom
Occidental Petroleum Corp.
Occidental Agrees to Acquire Vintage Petroleum
LOS ANGELES, Oct. 13, 2005 (PRIMEZONE) -- Occidental Petroleum Corporation (NYSE:OXY) announced today it has agreed to acquire, by means of a merger, Vintage Petroleum, Inc. (NYSE:VPI) for $20.00 per Vintage share in cash, plus 0.42 Occidental shares per Vintage share. The total purchase consideration for Vintage's approximately 68.3 million shares on a fully diluted basis, including debt assumption net of cash, is approximately $3.8 billion. As part of this transaction, Oxy plans to implement a stock re-purchase program for 9 million Oxy shares in the open market or otherwise, from time-to-time, subject to market conditions and retention of the company's credit rating.
Ed Clunn, CTO of Infotec Business Systems, Interviewed on Streetcast TV
VANCOUVER, British Columbia, Oct. 13, 2005 (PRIMEZONE) -- Ed Clunn made a rare television interview this week, with the host of It's About Finance with Carol Davis on Streetcast TV. The CTO of Infotec Business Systems, Inc. (OTCBB:IFOB) discussed the most recent news of his company's latest business acquisitions and the progress of the company's recently leased 1500 ft. data center at the Quinby Building in Los Angeles. The Quinby Center will play host to this new leading-edge data centre as the company expands its infrastructure and overall business operations.
Directors Guild of America
DGA Announces New Reality Television Award
LOS ANGELES, Oct. 13, 2005 (PRIMEZONE) -- The Directors Guild of America today announced the inauguration of its DGA Award for Outstanding Directorial Achievement in Reality Programs. The Award, given to a DGA director of a reality program produced under a DGA Agreement, will be bestowed for the first time at the 58th Annual DGA Awards Dinner on January 28, 2006.
ATA Airlines, Inc.
ATA Airlines Announces Upcoming Schedule Changes
INDIANAPOLIS, Oct. 13, 2005 (PRIMEZONE) -- As part of ATA's (ATA Airlines, Inc.) (Pink Sheets:ATAHQ) efforts to create an even more efficient and cost-competitive operating structure, the Company announces it will be ending its service from Chicago-Midway to Boston on Oct. 28, 2005, Newark, N.J. on Oct. 29, 2005 and Minneapolis/St. Paul on Dec. 1, 2005, respectively. ATA will also suspend its launch of new service between Chicago-Midway and Miami and Sarasota, Fla. Service to these markets was scheduled to begin on Oct. 29, 2005.