latest news releases from the newsroom
American International Industries, Inc.
American International Industries, Inc. Announces the Deconsolidation of Hammonds Industries, Inc.
HOUSTON and KEMAH, Texas, Jan. 5, 2009 (GLOBE NEWSWIRE) -- Mr. Daniel Dror, Chairman and CEO of American International Industries, Inc. (Nasdaq:AMIN), announced today that the board of directors has approved of the deconsolidation of Hammonds Industries, Inc. ("Hammonds") from the Company, effective December 31, 2008. The Company will recognize a substantial gain from deconsolidation of over $13 million, or approximately $1.49 per share. The net loss from operations of Hammonds for the year ended December 31, 2008, offset by the gain from deconsolidation, will be reflected as discontinued operations for the year ended December 31, 2008 in the Company's financial statements.
Tyson Foods Inc
Dick Bond Leaving Tyson Foods
SPRINGDALE, Ark., Jan. 5, 2009 (GLOBE NEWSWIRE) -- Dick Bond, president and chief executive officer of Tyson Foods, Inc. (NYSE:TSN), announced today he is leaving the company, effective immediately. Leland Tollett, former chairman and CEO of the company, has agreed to return to the company as President and CEO on an interim basis until a permanent successor has been chosen.