latest news releases from the newsroom
First California Financial Group, Inc.
National Mercantile Generates Solid Profits in 2004
LOS ANGELES, Feb. 10, 2005 (PRIMEZONE) -- National Mercantile Bancorp (Nasdaq:MBLA), the holding company for Mercantile National Bank and South Bay Bank, N.A., today reported strong growth in loans and deposits and an expanding margin contributed to solid profitability in 2004. Net income totaled $2.2 million, or $0.48 per diluted share, in 2004 compared to $207,000, or $0.05 per diluted share, in 2003. Fourth quarter profits more than doubled to $678,000, or $0.15 per diluted share, compared to $337,000, or $0.07 per diluted share, in the fourth quarter of 2003. The financial results are unaudited for the fourth quarter and year ended December 31, 2004.
Occidental Petroleum Corp.
Occidental Petroleum Announces 13% Dividend Increase
LOS ANGELES, Feb. 10, 2005 (PRIMEZONE) -- Occidental Petroleum Corporation (NYSE:OXY) announced today that its Board of Directors has approved a quarterly dividend of $.31 per share of common stock for an annual rate of $1.24 per share, compared to the previous annual rate of $1.10. The dividend will be payable on April 15, 2005 to stockholders of record on March 10, 2005. Occidental has paid cash dividends continuously since 1975.
Mobile Satellite Ventures
New Generation of Communications Services to Emerge with Today's FCC Action; MSV Moves Ahead on Vision for MSS
RESTON, Va., Feb. 10, 2005 (PRIMEZONE) -- Mobile Satellite Ventures (MSV) announced today that the Federal Communications Commission (FCC) finalized a comprehensive set of rules following a detailed multi-year process for the use of ancillary terrestrial component (ATC) with mobile satellite services (MSS). By today's decision, the FCC expanded the technical and operational flexibility of ATC services; specifically, the new FCC rules allow for greater capacity in both the uplink and downlink directions, thereby assuring robust high speed service.
Mayfair Mining and Minerals, Inc.
Mayfair Mining & Minerals Corporate Information to be Available Through S&P Market Access Program
NEW YORK, Feb. 10, 2005 (PRIMEZONE) -- Mayfair Mining & Minerals, Inc. (OTCBB:MFMM) is pleased to announce today that its company information will be made available via Standard & Poor's Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of Standard & Poor's Advisor Insight. The company information to be made available through this program includes share price, volume, dividends, shares outstanding, company financial position, and earnings. Standard & Poor's Advisor Insight is an Internet-based research engine used by more than 100,000 investment advisors. A public version of the site is available at www.advisorinsight.com.
Gamblers Wager on MJ's Guilt or Innocence
MONTREAL, Feb. 10, 2005 (PRIMEZONE) -- BetUS.com is offering odds on Michael Jackson's trial. It seems that everyone has an opinion about the Jackson case, especially online bettors, as betting on entertainment heats up.