latest news releases from the newsroom
Warren Resources, Inc.
Warren Resources Announces Third Quarter 2007 Results
NEW YORK, Nov. 2, 2007 (PRIME NEWSWIRE) -- Warren Resources, Inc. (Nasdaq:WRES) today announced 2007 third quarter financial and operating results. The Company reported that net earnings increased 27% to $3.0 million or $0.05 per diluted common share for the third quarter ended September 30, 2007. This compares to net earnings of $2.4 million or $0.04 per diluted common share for the third quarter of 2006.
Nalco Chairman and CEO Dr. William H. Joyce Announces Retirement
NAPERVILLE, Ill., Nov. 2, 2007 (PRIME NEWSWIRE) -- Nalco Holding Company (NYSE:NLC) today announced that Dr. William H. Joyce, 71, has stated his intention to retire as Chairman and Chief Executive Officer on December 30, 2007. Dr. Joyce has agreed to assist with the succession and transition process through March 31, 2008. A Board committee of independent directors has been formed to select his successor and expects to complete its process in the coming months.
GB&T Bancshares, Inc.
GB&T Bancshares Reports Third Quarter Results
GAINESVILLE, Ga., Nov. 2, 2007 (PRIME NEWSWIRE) -- GB&T Bancshares, Inc. (Nasdaq:GBTB), a multi-bank holding company operating seven community banks in markets surrounding metropolitan Atlanta, reported a third quarter 2007 net loss of $6.3 million, or $0.44 per diluted share, compared with net income for the 2006 third quarter of $4.2 million, or $0.30 per diluted share, and net income of $3.1 million, or $0.22 per diluted share for the second quarter of 2007. For the first nine months of 2007, GB&T Bancshares reported net income of $515,000, or $0.04 per diluted share, compared with $11.4 million, or $0.83 per diluted share, for the comparable prior-year period. Results reflect a slowdown of loan growth, as well as continuing deterioration in credit quality, which has affected virtually all aspects of GB&T's performance.