latest news releases from the newsroom
Cappello & Noel
Borrowers Sue Wells Fargo Bank Charging Discriminatory Loan Practices, Says Cappello & Noel LLP
LOS ANGELES, Aug. 8, 2005 (PRIMEZONE) -- Wells Fargo loan customers in minority communities in Los Angeles filed a class action lawsuit against the lender on Friday, August 5, charging Wells Fargo with discriminatory loan practices. The complaint says Wells Fargo consistently and knowingly discriminated against borrowers in minority neighborhoods resulting in borrowers paying more for their loans than borrowers in other parts of Los Angeles County (Opal Jones, et. al v. Wells Fargo Bank, N.A., Wells Fargo Home Mortgage, et. al).
Renewable Energy Resources, Inc.
Internal Hydro Low-Impact Hydro Units for Use at Dam Sites
TAMPA, Fla., Aug. 8, 2005 (PRIMEZONE) -- Internal Hydro International, Inc. (OTCBB:IHDR), www.InternalHydro.com., announces that it has prepared an engineering and placement proposal for use of the Energy Commander IV low-impact hydro units at dam sites, which can be located in its first North America and European locations. The placement of the low-impact hydro EC units would be more environmentally friendly than traditional hydro with none of the usual problems with large hydro dams. Dam placement locations selected will provide for preliminary placement of 40 units or more at single dam locations.
Xenova Group PLC
Xenova Group Plc -- Result of Court Meeting and EGM
SLOUGH, U.K., Aug. 8, 2005 (PRIMEZONE) -- Xenova Group Plc ("Xenova") (Nasdaq:XNVA) (LSE:XEN) is pleased to announce that, at a Court Meeting and an Extraordinary General Meeting ("EGM") of its shareholders held earlier today in connection with the recommended proposal by Celtic Pharma Development UK Plc ("Celtic Pharma") to acquire Xenova, to be effected by way of a Scheme of Arrangement (the "Scheme"), all the resolutions proposed received the support of shareholders.
Nationwide Health Properties, Inc.
NHP Announces Cash Tender Offers For Medium-Term Notes
NEWPORT BEACH, Calif., Aug. 8, 2005 (PRIMEZONE) -- Nationwide Health Properties, Inc. (NYSE:NHP) today announced that it is offering to purchase for cash any and all of the aggregate of $223,500,000 of its debt securities listed below. The following table sets forth the information for each series of debt securities to which the tender offers apply.
IElement Corporation Announces Resignation of Two Board Members
DALLAS, Aug. 8, 2005 (PRIMEZONE) -- IElement Corporation (OTCBB:MAKY) announced today that Tim Dean-Smith and Susan Walton are stepping down from the Board of Directors effective August 8, 2005, consistent with the expectations of the parties pursuant to the consummation on the merger between IElement, Inc., and MailKey Corporation on January 19, 2005. IElement Corporation is actively searching for viable board candidates and will announce these appointments as they are initiated. In the interim, Ivan Zweig will be the acting CEO/CFO.
Wilshire Associates Incorporated
Wilshire TUCS Shows Median Gain of More Than Two Percent in the 2nd Quarter for All Master Trusts
SANTA MONICA, Calif., Aug. 8, 2005 (PRIMEZONE) -- Reversing first quarter results, the median performance of master trusts was up 2.19 percent in the second quarter of 2005 and 9.53 percent for the last 12 months, according to the results of the Trust Universe Comparison Service(r) (TUCS(r)), a cooperative effort between Wilshire Analytics, the investment technology unit of Wilshire Associates, and custodial organizations. With more than 300 plan participants representing approximately $2 trillion in assets, TUCS is the most widely accepted benchmark for the performance of institutional assets and includes data from corporate and public plans as well as endowments and foundations.
Beat the Heat With AutoZone's Summer Car Care Tips
MEMPHIS, Tenn., Aug. 8, 2005 (PRIMEZONE) -- This time of year finds many Americans enjoying a summer vacation; but that doesn't mean it's time to take a vacation from regular car maintenance. In fact, neglecting your vehicle during the extreme summer weather could be costly. Follow these simple tips from AutoZone (NYSE:AZO) to help keep your car on the road this season.