latest news releases from the newsroom
Northrop Grumman Corp.
Photo Release -- Northrop Grumman's Newest Aircraft Carrier Takes a Bow
NEWPORT NEWS, Va., March 15, 2006 (PRIMEZONE) -- The nation's tenth and final Nimitz-class aircraft carrier, George H. W. Bush (CVN 77), grew by nearly 800 tons today as Northrop Grumman Corporation (NYSE:NOC) lowered the upper bow section of the ship into place. The addition of the upper bow completes the flight deck and extends the overall length of the carrier to its full size, which is as long as the Empire State Building is tall.
SimpleTech to Present at the B. Riley & Company Annual Las Vegas Investor Conference
SANTA ANA, Calif., March 15, 2006 (PRIMEZONE) -- SimpleTech, Inc. (Nasdaq:STEC), a technology leader in the design, development, manufacturing and marketing of DRAM- and Flash-based memory solutions and external storage solutions, announced today that the company's management team will present at the B. Riley & Company Annual Las Vegas Investor Conference at 10:00 a.m. PT, on March 16, 2006. The Conference is being held at the Venetian in Las Vegas.
Brodsky & Smith, LLC
Law Offices of Brodsky & Smith, LLC Announces Investigation of H&R Block, Inc. -- HRB
BALA CYNWYD, Pa., March 15, 2006 (PRIMEZONE) -- Law offices of Brodsky & Smith, L.L.C. today announces that it is investigating possible civil claims against H&R Block (NYSE:HRB). These claims result from a lawsuit filed by the New York State Attorney General. The suit alleges that H&R Block steered roughly 500,000 tax return customers to invest in individual retirement accounts, but failed to disclose high hidden fees that actually outpaced interest earned on the accounts. It is also alleged that 85 percent of those customers, which invested in the Express IRA lost money. The civil complaint, filed in Manhattan state court, alleges that the company knew that many of its customers were losing money.
StockGuru.com Announces Profile Coverage of Franklin Mining
DALLAS, March 15, 2006 (PRIMEZONE) -- John Pentony, Publisher of StockGuru.com, announced today that the web site has initiated Profile Coverage of Franklin Mining, Inc. (Pink Sheets:FMNJ). Franklin Mining is engaged in the exploration, development and mining of precious and nonferrous metals, including gold, silver, lead, copper and zinc. The company owns or has an interest in a number of precious and nonferrous metal properties.
Zak Enterprises, HOPE Services Announce Partnership
SANTA CLARA, Calif., March 15, 2006 (PRIMEZONE) -- Zak Enterprises and HOPE Services today announced they have formed a working partnership. Zak is an asset recovery and e-waste services company in Santa Clara. HOPE is a non-profit organization that has been providing a wide array of employment and other support services to local residents who are developmentally disabled for more than 50 years. HOPE is also meeting the needs of local businesses and companies through its Production Services business.
NorthStar Realty Finance Corp.
Northstar Realty Finance Announces 2005 Fourth Quarter and Year End Results
NEW YORK, March 15, 2006 (PRIMEZONE) -- NorthStar Realty Finance Corp. (NYSE:NRF) today announced its results for the quarter and the year ended December 31, 2005. The Company reported Adjusted Funds from Operations (AFFO) of $8.1 million in the fourth quarter of 2005, or $0.28 per share, and reported AFFO of $21.5 million, or $0.79 per share for the full year ended December 31, 2005. Net income for the fourth quarter of 2005 was $22.2 million, or $0.96 per share, compared to $4.6 million, or $0.22 per share in the third quarter. For the full year ended December 31, 2005, the Company reported net income of $37.7 million, or $1.74 per share. For a reconciliation of net income to AFFO, please refer to the tables on the following pages.
Medicis Pharmaceutical Corporation
Medicis Reports December 2005 Financial Results
SCOTTSDALE, Ariz., March 15, 2006 (PRIMEZONE) -- Medicis (NYSE:MRX) today announced December 2005 quarter-end revenue of approximately $80.7 million with "if-converted" net income of approximately $20.1 million, or $0.29 per diluted share, absent tax-effected special items of $18.8 million. The net impact of the special items resulted in an increase to net income and is more fully described below. This is compared to December 2004 quarter-end revenue of $92.3 million with "if-converted" net income of $25.4 million, or $0.36 per diluted share, absent tax-effected special charges of $3.6 million.