latest news releases from the newsroom
Pomerantz Haudek Block Grossman & Gross LLP Files Class Action Lawsuit against PXRE Group Ltd. -- PXT
NEW YORK, May 4, 2006 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) ("Pomerantz") has filed a class action lawsuit in the United States District Court for the Southern District of New York, against PXRE Group Ltd. ("PXRE" or the "Company") (NYSE:PXT) and certain of its officers, on behalf of purchasers of PXRE securities during the period from July 28, 2005 to February 16, 2006, both dates inclusive (the "Class Period"). The complaint alleges violations of Section 10(b) and Section 20(a) of the Securities Exchange Act, and Rule 10b-5 promulgated thereunder.
Discovery Laboratories, Inc.
Discovery Labs Announces Corporate Reorganization and Personnel Reduction
WARRINGTON, Pa., May 4, 2006 (PRIMEZONE) -- Discovery Laboratories, Inc. (Nasdaq:DSCO) today announced that it has reduced the number of employees and reorganized corporate management in order to lower its cost structure and appropriately align Discovery's operations with business priorities. Discovery is taking these actions based upon its current expectations of the financial impact of a delay in the regulatory approval and commercial launch of Surfaxin(r) for Respiratory Distress Syndrome (RDS) in premature infants. The Company is reducing its workforce by 55 employees which represents approximately 34% of its workforce. The reduction is across all functions of the Company but with a primary emphasis on the commercial infrastructure which is no longer in Discovery's near-term plans.
AMERCO / U-Haul
AMERCO Declares Preferred Stock Dividend
RENO, Nev., May 4, 2006 (PRIMEZONE) -- On May 3, 2006, the Board of Directors of AMERCO (Nasdaq:UHAL), the parent of U-Haul International, Inc., Oxford Life Insurance Company, Republic Western Insurance Company and Amerco Real Estate Company, declared a regular quarterly cash dividend of $.53125 per share on its Series A, 8 1/2 percent Preferred Stock (NYSE:AO+A). The dividend will be payable June 1, 2006 to holders of record on May 15, 2006
Stolt-Nielsen S.A. Purchased 147,050 of Its Common Shares
LONDON, May 4, 2006 (PRIMEZONE) -- Stolt-Nielsen S.A. (Nasdaq:SNSA) (Oslo:SNI) announces that Stolt-Nielsen Transportation Group Ltd. (SNTG), a 100% owned subsidiary of SNSA, purchased today 147,050 of SNSA Common Shares on the Oslo Stock Exchange at an average price of NOK 164.53 per share (approximately $26.86 at the current exchange rate). The shares were purchased in accordance with the repurchase program announced on August 25, 2005, authorizing Company to purchase up to $200 million worth of its Common Shares or related American Depositary Shares.
Budget Waste Inc.
Budget Waste Inc. Acquires AllWaste Systems Ltd., Leaders in Construction Recycling
CALGARY, Alberta, May 4, 2006 (PRIMEZONE) -- BWI (Pink Sheets:BDWT), a premier full service waste hauling company in the Calgary area, finalizes the acquisition of AllWaste Systems Ltd. (ALLWASTE), leaders in construction, renovation and demolition recycling for the Calgary homebuilders market since 1991. With a fleet of over 1300 bins and 15 trucks and the majority share of the rapidly growing Calgary homebuilders market, ALLWASTE has been the leading provider and innovator for waste hauling and recycling services in the Calgary area. Their respected reputation in the Calgary market has led homebuilders in other markets to approach ALLWASTE in an effort to have ALLWASTE develop waste hauling and recycling operations in other major Alberta cities.
Sentex Sensing Technologies, Inc.
Sentex Sensing Technologies Inc. Signed MoU with Security IT Vision, Inc.
CLEVELAND, May 4, 2006 (PRIMEZONE) -- Sentex Sensing Technologies Inc. (Pink Sheets:SENS) (www.sentextech.com), Security IT Vision Inc. of Rosemont, California and Astro Datensysteme AG, www.astro.de, of Munich / Moosinning, Germany have agreed today for the joint marketing and implementation of existing Security IT Vision / Astro biometrics technology. The agreement allows for Sentex to acquire and market exclusive technology in the biometric and security product arena.