latest news releases from the newsroom
Northrop Grumman Corp.
TIPS Industries Establish AGS Industries GmbH Joint Venture
BERLIN, May 16, 2006 (PRIMEZONE) -- The TIPS industries - European Aeronautic Defence and Space Company (EADS), Galileo Avionica, General Dynamics Canada, Indra, Northrop Grumman Corporation and Thales - have established a joint venture company to respond to a request for proposal from NATO for the Alliance Ground Surveillance (AGS) program.
Pacific CMA Inc.
Pacific CMA Reports First Quarter Results for 2006
JAMAICA, N.Y., May 16, 2006 (PRIMEZONE) -- Pacific CMA, Inc. ("Pacific") (AMEX:PAM), an integrated provider of global freight forwarding/logistics focused on the growing China and Asian trade, today reported its financial results for the first quarter, ended March 31, 2006.
BOWE SYSTEC AG
Bowe Group in the First Quarter 2006 On Growth Path
AUGSBURG, Germany, May 16, 2006 (PRIMEZONE) -- The BOWE Group maintained its growth path in the first quarter 2006. Organic growth led to an increase in the group figures for sales, order intakes and order backlogs. In this context BOWE SYSTEC also benefited from an advantageous trend in exchange rates.
Lindal Cedar Homes
Lindal Cedar Homes Acknowledges Carolina Custom Homes of Lake Norman
SEATTLE, May 16, 2006 (PRIMEZONE) -- Lindal Cedar Homes, the foremost provider of custom cedar post and beam homes since 1945, will present the Founder's Circle Award to Carolina Custom Homes. "The Founder's Circle Award is very exclusive," says Bob Lindal, son of founder Sir Walter Lindal. "Exceptional performance, attention to detail and innovative thinking do not just apply to our product, but also apply to our dealers and we feel it's important to recognize that."
SeaDrill Limited -- CORR. Option Program
HAMILTON, Bermuda, May 16, 2006 (PRIMEZONE) -- Reference is made to the stock exchange disclosure regarding the Option Program for SeaDrill released on Friday May 12, 2006. Please note that the correct share holding for John Fredriksen in SeaDrill is 130,830,916 shares, not 124,441,996 as stated in the disclosure, and that Pal Nordgren currently holds 62,000 shares, not 77,000 shares as previously reported.
Occidental Petroleum Corp.
Ecuador's Energy Minister Terminates Occidental's Block 15 Contract
LOS ANGELES, May 15, 2006 (PRIMEZONE) -- Ecuador's Minister of Energy formally declared that Occidental's (NYSE:OXY) contract for the operation of Block 15 had been terminated and the Government of Ecuador has the right under Ecuadorian law to seize the assets immediately. Despite the actions taken by the Government of Ecuador, Occidental remains committed to an amicable settlement of this dispute. Occidental's Block 15 operations represent approximately 7 percent of Occidental's first quarter worldwide production, 3 percent of its pro-forma proved consolidated reserves including the Vintage acquisition, and 2 percent of its total property plant and equipment, net of accumulated depreciation, depletion and amortization, at March 31, 2006.