latest news releases from the newsroom
SOYO Group Inc.
SOYO Group Inc. Reports Second Quarter 2007 Results
ONTARIO, Calif., Aug. 13, 2007 (PRIME NEWSWIRE) -- SOYO Group Inc. (OTCBB:SOYO), an innovative provider of computer, consumer electronics and broadband telecommunications products, today announced their second quarter results for the period ending June 30, 2007.
Knightsbridge Tankers Limited
Knightsbridge Tankers Limited -- Second Quarter 2007 Results
HAMILTON, Bermuda, Aug. 13, 2007 (PRIME NEWSWIRE) -- Knightsbridge Tankers Limited (Nasdaq:VLCCF) (the "Company") reports net income of $7.2 million and earnings per share of $0.42 for the second quarter of 2007. The average daily time charter equivalents ("TCEs") earned by the Company's five VLCCs was $36,800 compared with $43,800 in the preceding quarter. The second quarter earnings reflect a weakening of the market as well as a fall in earnings for one vessel resulting from a change in employment. Net interest expense for the quarter was $1.4 million (2006 comparable quarter: $1.3 million) and at June 30, 2007, all of the Company's debt is floating rate debt.
Harsco Announces Planned CEO Succession
HARRISBURG, Pa., Aug. 13, 2007 (PRIME NEWSWIRE) -- The Board of Harsco Corporation (NYSE:HSC) today announced the retirement of Derek C. Hathaway as Chairman and Chief Executive Officer of Harsco, fully effective after the April 2008 Annual Meeting of Stockholders.