latest news releases from the newsroom
Knightsbridge Tankers Limited
Knightsbridge Tankers Announces First Quarter Results
HAMILTON, Bermuda, May 16, 2006 (PRIMEZONE) -- Knightsbridge Tankers Limited (the "Company") reports net income of $14.2 million and earnings per share of $0.83 for the first quarter of 2006. The average daily time charter equivalents ("TCEs") earned by the Company's five VLCCs in the quarter was $54,300 compared with $58,600 in the immediately preceding quarter. This decrease reflects the slight weakening of the market experienced in the first quarter. Net interest expense for the quarter was $1.3 million (2005 comparable quarter: $0.9 million) and at March 31, 2006, all of the Company's debt remains floating rate debt. As of May 8, 2006, the Company has an average cash breakeven rate for its vessels of $18,900 per vessel per day compared to $16,700 at January 31, 2006. This increase is as result of increased general market interest rates and increased operating costs for the Company.
Penn's Landing Corporation
Big Names Announced for BIG MUSIC WEEKEND 2006 at Penn's Landing
PHILADELPHIA, May 16, 2006 (PRIMEZONE) -- Due to overwhelming demand, Penn's Landing Corporation is proud to continue the free weekend concert event, which debuted last year to celebrate the 20th Anniversary, and returns this year as BIG MUSIC WEEKEND 2006. As the centerpiece of the 2006 season, the Penn's Landing Corporation announces the line up of marquee talent scheduled to perform at this year's BIG MUSIC WEEKEND, July 21-23, 2006, at the Great Plaza at Penn's Landing, Columbus Boulevard at Market Street. Presented by Independence Blue Cross, this extraordinary weekend of free concerts will feature R&B star Angie Stone, teen favorites the Veronicas, and Ashley Parker Angel, and Grammy award winner Mary Chapin Carpenter.
O2Micro International Limited
O2Micro Obtains Patent Jury Verdict
GEORGE TOWN, Grand Cayman, May 16, 2006 (PRIMEZONE) -- O2Micro(R) International Limited (Nasdaq:OIIM) (SEHK:0457) announced today that the jury in the U.S. District Court of the Eastern District of Texas returned a verdict favorable to O2Micro in its patent infringement action against Beyond Innovation Technology Co., Ltd. ("BiTEK"), SPI Electronic Co., Ltd. ("SPI"), FSP Group ("FSP") and Lien Chang Electronic Enterprise Co., Ltd. ("Lien Chang") involving claims 1, 15, 35 and 39 of U.S. Patent Number 6,259,615, claims 12 and 16 of U.S. Patent Number 6,396,722 and claims 13, 16 and 17 of U.S. Patent Number 6,804,129.
Dow Jones Indexes
STOXX Changes Composition of European Benchmark Indexes
ZURICH, Switzerland, May 16, 2006 (PRIMEZONE) -- STOXX, Ltd. today announced changes in the composition of the Dow Jones STOXX Global 1800 Index, the Dow Jones STOXX Total Market Index, the Dow Jones STOXX 600 Index and its sector indexes, the Dow Jones EU Enlarged Total Market Index and the Dow Jones STOXX Football Index.
Rudy 45 Provides Corporate Update
SANTA MONICA, Calif., May 16, 2006 (PRIMEZONE) -- The Board of Directors and the management of Rudy 45, Inc. (Pink Sheets:RDYF) have created and implemented a revised business model. Management and Board of Directors have been reviewing all aspects of the business. The underlying objective of this evaluation was to ensure that Company pursues a business approach that has the potential of producing fundamental value for its shareholders.
MachineTalker Inc. Chairman, CEO and President, Roland F. Bryan in Exclusive Interview With The Wall Street Reporter
NEW YORK, May 16, 2006 (PRIMEZONE) -- On May 11, Roland F. Bryan, Chairman, CEO and President of MachineTalker Inc. (OTCBB:MTKN), gave an exclusive interview with The Wall Street Reporter defining the company's core business strategy and describing the application and new features of the flagship product MachineTalker(r). Additionally, Mr. Bryan discussed the company's other products as well as the potential marketplace it seeks to enter.