latest news releases from the newsroom
Hoenig Group Inc. to Sell its Remaining Investment Management Businesses, Axe-Houghton Associates, Inc.
RYE BROOK, N.Y., Feb. 12, 2002 (PRIMEZONE) -- Hoenig Group Inc. (Nasdaq:HOEN) announced today that it has signed agreements to sell its remaining investment management businesses in two transactions. The Company has agreed to sell the Value and Balanced Equity investment management businesses of its wholly owned subsidiary, Axe-Houghton Associates, Inc. ("Axe-Houghton"), to Byram Capital Management LLC, a registered investment adviser formed by Seth M. Lynn, President of Axe-Houghton, and four other Axe-Houghton employees.
School Specialty Event to be Broadcast by Vcall Over the Internet
RICHMOND, Va., Feb. 12, 2002 (PRIMEZONE) -- School Specialty, Inc. (Nasdaq:SCHS) will broadcast its Third Quarter 2002 Earnings call on Tuesday, February 12, 2002 at 11:00 AM Eastern, Vcall, a Service of World Investor Link, announced today. This event webcast can be accessed at http://www.vcall.com/EventPage.asp?ID=80560.
Delhaize Group Announces Year 2001 Financial Results Release Date
BRUSSELS, Belgium, Feb. 12, 2002 (PRIMEZONE) -- Delhaize Group (Euronext Brussels: DELB) (NYSE:DEG), the Belgian international food retailer, will publish its 2001 financial results on Thursday, February 21, 2002 at 2:00 p.m. CET (8:00 a.m. EST). The press release will be available immediately after its publication on the Delhaize Group's web site at www.delhaizegroup.com.
Ocwen Financial Corp.
Ocwen Financial Corporation Announces Fourth Quarter and 2001 Results
WEST PALM BEACH, Fla., Feb. 12, 2002 (PRIMEZONE) -- Ocwen Financial Corporation (NYSE:OCN) today reported a pre-tax loss in the fourth quarter of 2001 of $(6.8) million. This was an improvement from pre-tax losses in the prior quarters of 2001 consisting of $(7.9) million in the third quarter, $(10.9) in the second quarter and $(19.9) million in the first quarter. The Company reported a net loss* of $(6.9) million or $(0.10) per share for the fourth quarter of 2001, as compared to net income of $9.4 million, or $0.14 per share in the 2000 fourth quarter. For the year ended December 31, 2001, the Company reported a net loss of $(124.8) million or $(1.86) per share as compared to net income of $2.2 million or $0.03 per share for the year ended December 31, 2000. Full year 2001 results included a non-cash provision to increase the valuation allowance for the Company's deferred tax asset of $83 million, as compared to $17.5 million in 2000.