latest news releases from the newsroom
Kirby McInerney LLP
Kirby McInerney & Squire, LLP and Levy Angstreich Announce that the United States Supreme Court Has Denied Defendants' Petition to Review the Certification of Racketeering Class Action Claims against H&R Block and Household International, Inc.
NEW YORK, Jan. 10, 2005 (PRIMEZONE) -- The law firms of Kirby McInerney & Squire, LLP and Levy Angstreich Finney Baldante, Rubenstein & Coren, P.C. announce that the United States Supreme Court today denied defendants' petition to review the certification of a nationwide class asserting federal Racketeer Influenced and Corrupt Organizations Act ("RICO") claims against H&R Block, Inc. (NYSE:HRB) and Household International, Inc. (successor to Beneficial Corporation), now a subsidiary of HSBC Holdings PLC (NYSE:HBC). The plaintiff class alleges that defendants, among other things, deceived customers seeking tax refunds into obtaining high interest loans.
Gasel Transportation Lines, Inc.
Gasel Transportation Lines, Inc. Reports Third Quarter 2004 Financial Results
MARIETTA, Ohio, Jan. 10, 2005 (PRIMEZONE) -- Gasel Transportations Lines, Inc. (OTCBB:GSEL), operating as a Debtor in Possession under Chapter 11 Reorganization, announced results for fiscal Q3, 2004. The financial results as filed in Form 10Q with the SEC, includes the following highlights: for the three months ended September 30, 2004, freight income revenue totaled $3,045,688 and training school revenue was $95,399 for combined revenue of $3,141,087, representing a 7.97% decline from prior year combined revenue of $3,413,289. Combined revenue for the nine month period ended Sept. 30, 2004 of $10,335,418 was 1.13% lower than the $10,453,844 recorded for the same nine month period one year prior. The decrease in revenue was primarily due to a decrease (approximately 25 %) in the number of trucks the Company was operating during this period of 2004 compared to the same period in 2003. The Company turned in approximately 50% of its tractors and trailers in the first and third quarters of 2004 to shed excessive operating costs, reduce its debt, and improve driver retention. To compensate for the reduction in company owned equipment, during 2004 management has been consistently adding leased owner/operator equipment to replace it.
Judge Sets Schedule for Continental Forge Case
SAN DIEGO, Jan. 10, 2005 (PRIMEZONE) -- Sempra Energy (NYSE:SRE) announced today that a schedule has been set for a trial in the Continental Forge Company class-action litigation, beginning June 3, 2005. At that time, the judge will address what issues will be decided by a jury, as well as the scope and sequence of the cases.
Sun New Media Inc.
SE Global Provides Follow-Up on Sun Media Investment Holdings
DIAMOND BAR, Calif., Jan. 10, 2005 (PRIMEZONE) -- SE Global Equities Corp. (OTCBB:SEGB) ("SEG"), a provider of technology and financial resources for international investors, would like to provide the following supplemental corporate information provided by Sun Media Investment Holdings Ltd. on its recent announcement, which was released on January 07, 2005.
Lantronix Expects Improved Results for Fiscal 2005 Second Quarter
IRVINE, Calif., Jan. 10, 2005 (PRIMEZONE) -- Lantronix, Inc. (Nasdaq:LTRX) today disclosed its expectations that the company's results for the second quarter ended December 31, 2004 would include higher year-over-year revenues from its continuing operations. The company expects to report approximately $12.7-12.8 million in revenues for the second fiscal quarter. The company reported $12.5 million in revenues for the quarter ended December 31, 2003 and $11.0 million in revenues for the preceding quarter ended September 30, 2004. Cash usage in the quarter ended December 31, 2004 was approximately $1.0 million, consistent with earlier guidance.
Occidental Petroleum Corp.
Occidental To Hold Earnings Conference Call
LOS ANGELES, Jan. 10, 2005 (PRIMEZONE) -- Occidental Petroleum Corporation (NYSE:OXY) will hold a conference call on Monday, January 24, 2005, following the release of its fourth-quarter 2004 financial results. The conference call, which will begin at 11:30 a.m. EDT, may be accessed by calling 1-888-873-8496. The conference call also can be heard live on the company's website, www.oxy.com.