latest news releases from the newsroom
Northrop Grumman Corp.
Photo Release -- Northrop Grumman-built Forrest Sherman (DDG 98) Honored in Pensacola Commissioning -- 'Forged in a Hurricane'
PENSACOLA, Fla., Jan. 30, 2006 (PRIMEZONE) -- More than 3,000 guests attended a ceremony here January 28 at Naval Air Station Pensacola to commission the Aegis guided missile destroyer USS Forrest Sherman (DDG 98). Built by Northrop Grumman (NYSE:NOC), the ship received her commissioning orders to join the U.S. Navy's Atlantic Fleet. Mrs. Ann Sherman Fitzpatrick, ship's sponsor, ordered the officers and crew to "man our ship and bring her to life," and with a response of "aye, aye ma'am," the DDG 98 crew moved through the crowd to take their positions on the ship.
Scott+Scott, LLC Notifies Investors in FARO Technologies, Inc. That Deadline To Seek Lead Plaintiff Status Is February 6, 2006
COLCHESTER, Conn., Jan. 30, 2006 (PRIMEZONE) -- Scott+Scott, LLC (http://www.scott-scott.com), who at the direction of clients filed the first of a number of similar securities fraud class actions against FARO Technologies, Inc. ("FARO" or the "Company")(Nasdaq:FARO) and certain officers on behalf of investors who purchased FARO securities between May 6, 2004, and November 3, 2005, inclusive (the "Class Period"), now notifies investors that if you purchased or otherwise acquired FARO securities on any stock exchange during the Class Period, you may, no later than February 6, 2006, move the Court to serve as lead plaintiff.
Quanex Building Products Corporation
Quanex Announces the Sale of Its Temroc Metals Business
HOUSTON, Jan. 30, 2006 (PRIMEZONE) -- Quanex Corporation (NYSE:NX), an industry-leading manufacturer of value-added engineered materials and components serving the vehicular products and building products markets, announced today that it sold its Temroc Metals, Inc. business to WXP Holdings, Inc., a leading provider of custom, value-added aluminum extrusion products and alloyed aluminum billet. WXP Holdings is a portfolio company of H.I.G. Capital. Terms were not disclosed. Temroc, with about 125 employees, is located in Hamel, Minnesota.
ATA Airlines, Inc.
U.S. Bankruptcy Court to Confirm ATA Holdings Corp. Plan of Reorganization
INDIANAPOLIS, Jan. 30, 2006 (PRIMEZONE) -- ATA Holdings Corp. (the "Company") (Pink Sheets:ATAHQ) and four of its subsidiaries, including ATA Airlines, Inc. (the "Reorganizing Debtors"), today received oral confirmation by the U.S. Bankruptcy Court for the Southern District of Indiana of their First Amended Plan of Reorganization (POR). The Judge indicated that he would enter a written order confirming the POR tomorrow. This approval clears the way for the Company to emerge from Chapter 11 by late February 2006.
Riverview Bancorp, Inc.
Riverview Bancorp Repurchases 50,000 Shares of Its Common Stock
VANCOUVER, Wash., Jan. 30, 2006 (PRIMEZONE) -- Riverview Bancorp, Inc. (Nasdaq:RVSB) today announced that it has repurchased 50,000 shares of its common stock in the open market at $24.50 per share. In July 2005, the Board of Directors authorized the repurchase of up to 5% of common stock outstanding, representing approximately 290,000 shares.
Enbridge Energy Partners, L.P.
Enbridge Energy Partners Declares Cash Distribution and Reports 2005 Fourth Quarter Results
HOUSTON, Jan. 30, 2006 (PRIMEZONE) -- Enbridge Energy Partners, L.P. (NYSE:EEP) ("Enbridge Partners" or "the Partnership") today declared a cash distribution of $0.925 per unit payable February 14, 2006 to unitholders of record on February 7, 2006. The Partnership also reported net income for the three months ended December 31, 2005 of $49.7 million, or $0.68 per unit, compared with net income of $41.6 million, or $0.61 per unit, for the fourth quarter of the prior year.
NorthStar Realty Finance Corp.
NorthStar Realty Finance Announces Treatment of 2005 Dividend
NEW YORK, Jan. 30, 2006 (PRIMEZONE) -- NorthStar Realty Finance Corp. (NYSE:NRF) today announced the tax treatment of its common stock dividends paid during the 2005 calendar year. The three dividend payments made during the 2005 calendar year totaled $0.53 per share of common stock. This amount does not include the $0.27 per share dividend payable on or about February 10, 2006, with respect to the fourth quarter of 2005. For tax reporting purposes, 100% of the dividend distributions made in 2005 will be classified as ordinary, non-qualified dividends and no portion of the dividends represented a return of capital.