latest news releases from the newsroom
The Pomerantz Firm Charges The St. Paul Travelers Companies With Securities Fraud -- STA
NEW YORK, Sept. 29, 2004 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) has filed a class action lawsuit in the United States District Court for the District of Minnesota on behalf of former shareholders of Travelers Property Casualty Corp. ("Travelers") Class A and Class B common stock who exchanged their shares in Travelers for shares of the St. Paul Travelers Companies, Inc. ("St. Paul") (NYSE:STA) common stock pursuant to the April 1, 2004 merger of St. Paul and Travelers.
Northrop Grumman Corp.
Northrop Grumman Consolidates Operations in Nebraska
OMAHA, Neb., Sept. 29, 2004 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC), the largest defense contractor in Nebraska, broke ground today on a new, state-of-the art facility that will consolidate current local operations from four sites to a single headquarters near Offutt Air Force Base. The company has more than 750 employees in the Omaha area.
First Horizon National Corporation
First Horizon National Corporation Announces Preliminary Third Quarter 2004 Results
MEMPHIS, Tenn., Sept. 29, 2004 (PRIMEZONE) -- First Horizon National Corporation (NYSE:FHN) announced today that third quarter 2004 earnings will be negatively impacted primarily by a challenging environment in the fixed income markets, as well as a delay in the closing of a securitization. However, due to an increase in loans in the held for sale account as the securitization was delayed, the investment portfolio size was reduced, creating securities gains which will be recognized this quarter. As a result of these impacts, FHN anticipates earnings per share for the third quarter ending Sept. 30, 2004, to be in the range of $0.89 to $0.92.
MLON International Ventures, Inc.
Mellon Research, Inc. Building New Entertainment and Gambling Portal
SCOTTSDALE, Ariz., Sept. 29, 2004 (PRIMEZONE) -- Mellon Research, Inc. (OTCBB:MLON), the market leader in providing boutique investment banking services to private mid-cap companies, is announcing today that it is moving forward with its diversification plans for its new subsidiary, Club XTReme Entertainment, Inc.