latest news releases from the newsroom
Metso to Strengthen Its Competence in Materials Technology
HELSINKI, Finland, Dec. 5, 2006 (PRIME NEWSWIRE) -- Metso has decided to transfer the business operations of the Finland-based Metso Powdermet Oy, currently a part of Metso Ventures, to its rock and minerals processing business area Metso Minerals. The operation will form a new Metso Materials Technology business unit within Metso Minerals' Business Development function, reporting to Ms Tuula Puhakka, SVP, Business Development.
Abrams Hospitality Marketing
SkyLink Group of Companies Founders Honored by B'nai Brith Canada for Epic Philanthropic Efforts
WASHINGTON, Dec. 5, 2006 (PRIME NEWSWIRE) -- B'nai Brith of Canada presented the 2006 Award of Merit to Surjit Babra and Walter Arbib, founders of the SkyLink Group of Companies. The company's divisions, SkyLink Aviation and SkyLink Travel, with global headquarters in Toronto, Canada, and SkyLinkUS, (www.SkyLinkus.com) headquartered in New York City providing air ticketing services only for travel professionals on major air carriers worldwide, have grown under the same caring, philanthropic efforts of its Chairman, Babra, a Sikh born in Punjab and its President, Arbib, a Tunisian-born Jew. These sensitive leaders built the SkyLink Group and an internal support system which responds to the special needs of peoples globally and has provided tangible support to help victims in dire circumstances on five continents.
AutoZone 1st Quarter Sales up 4.1 Percent; EPS up 16.4 Percent
MEMPHIS, Tenn., Dec. 5, 2006 (PRIME NEWSWIRE) -- AutoZone, Inc. (NYSE:AZO) today reported net sales of $1.393 billion for its first fiscal quarter (12 weeks) ended November 18, 2006, up 4.1% from fiscal first quarter 2006. Same store sales, or sales for stores open at least one year, were up 0.3% for the quarter.
Armor Electric Inc.
Armor Announces Private Placement Agreement With Corporate Investors
SOLANA BEACH, Calif., Dec. 5, 2006 (PRIME NEWSWIRE) -- Armor (OTCBB:ARME) is pleased to announce that formal Subscription Agreements have been approved with two large institutional investors. The Private Placement Agreements have been arranged for a total of $250,000.00. Armor will issue shares and warrants for these Private Placements. The funds are targeted to be used as operating and engineering capital to further progress in several new projects.
Toll Brothers, Inc.
Toll Brothers Reports 4th Qtr and FYE 2006 Earnings Results
HORSHAM, Pa., Dec. 5, 2006 (PRIME NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL) (www.tollbrothers.com), the nation's leading builder of luxury homes, today reported results for net income, revenues, backlog and contracts for its fourth quarter and fiscal year ended October 31, 2006.
First Security Group, Inc.
First Security Group, Inc. Announces Share Repurchase Program
CHATTANOOGA, Tenn., Dec. 5, 2006 (PRIME NEWSWIRE) -- First Security Group, Inc. (Nasdaq:FSGI) announced that its board of directors has approved a share repurchase program to repurchase up to 500,000 shares, or approximately 2.8 percent, of First Security's outstanding common stock, with repurchases at the discretion of management and reflecting changes in market conditions. Currently, First Security has approximately 17.6 million shares outstanding.
New Member of Hydro's Corporate Management Board
OSLO, Norway, Dec. 5, 2006 (PRIME NEWSWIRE) -- Cecilie Ditlev-Simonsen has been appointed Executive Vice President and will join the company's top management team effective today with overall responsibility for communication and reputation management.
Frontline Ltd.: Dividend Information
HAMILTON, Bermuda, Dec. 5, 2006 (PRIME NEWSWIRE) -- We refer to the third quarter report released on November 28, 2006. Frontline Ltd. is trading ex-dividend of a cash dividend of $2.50 per share today December 5, 2006. The record date is December 7, 2006, and the dividend will be paid on or about December 21, 2006.