latest news releases from the newsroom
Northrop Grumman Corp.
Northrop Grumman Reports 2005 Fourth Quarter and Year-End Results
LOS ANGELES, Jan. 24 -- Northrop Grumman Corporation (NYSE: NOC - News) reported that fourth quarter earnings per share from continuing operations increased 24 percent to $0.92 per diluted share and 2005 earnings per share from continuing operations increased 27 percent to $3.81 per diluted share. Sales for the 2005 fourth quarter were $7.9 billion and a record $30.7 billion for 2005. Net cash provided by operating activities for the 2005 fourth quarter more than doubled to $678 million and cash from operations for the year rose 37 percent to $2.6 billion.
Habanero Resources Inc.
Habanero Resources Announces Alberta Gas Prospect Commences Activities
VANCOUVER, British Columbia, Jan. 24, 2006 (PRIMEZONE) -- Habanero Resources Inc. ("Habanero") (Pink Sheets:HBNRF) (TSX-V:HAO) (Frankfurt:HRJ) wishes to announce that it has been notified by the operator that the 'Cardium Burnstick' prospect drilling preparations are now completed and the site is now prepared for drilling. The operator is now trying to secure a rig. As soon as a rig is secured the drilling is scheduled to commence. Habanero recently announced a participation agreement on this potential multi-well oil and gas prospect in Alberta (press release dated December 19, 2005). The first well is in a development location within the Cardium Burnstick Member reservoir trend in the area located south of Edmonton, Alberta. Habanero has secured a 10% working interest in this prospect and will incur 10% of the total costs for the well. The estimated well costs are as follows: drill and case $1,250,000, complete and stimulate $500,000, and equip and tie-in $300,000, or a total of $2,050,000.
Dr. Miroslav Volf
Giving and Forgiving: Free of Charge
DALLAS and FORT WORTH, Texas, Jan. 24, 2006 (PRIMEZONE) -- It isn't often that an Ivy League theologian writes a book that flies off the shelves. That is, however, exactly what happened when Dr. Miroslav Volf's "Free of Charge: Giving and Forgiving in a Culture Stripped of Grace" (Zondervan, February 2006) was released in England this past November. It was a complete sellout in its very first printing.
Carolina Bank Holdings, Inc.
Carolina Bank Holdings, Inc. Announces Record Results for FY 2005
GREENSBORO, N.C., Jan. 24, 2006 (PRIMEZONE) -- Carolina Bank Holdings, Inc. (Nasdaq:CLBH) today reported 2005 net income of $2.0 million, an increase of 24.7% over the $1.6 million reported for the prior year. Diluted earnings per share were $0.73 compared with $0.59 for 2004, an increase of 23.7%. Per share results were restated to reflect the impact of the 20% stock dividend in the fourth quarter of 2005. Results reflect strong revenue growth resulting from solid loan volumes, coupled with disciplined expense growth.
Sagient Research Systems
PlacementTracker Publishes 2005 PIPE Market League Tables
SAN DIEGO, Jan. 24, 2006 (PRIMEZONE) -- Sagient Research Systems, a leading publisher of independent research for the financial services and institutional investment communities, today announced that Rodman & Renshaw, LLC ranked as the No. 1 investment bank in the PIPE market in 2005 for total number of transactions, and that Banc of America Securities, LLC ranked as the No. 1 investment bank in the PIPE market for total dollars raised. Nite Capital Management, LLC topped the list of most active institutional investors during 2005.
Telenor Will Continue Consolidating Kyivstar
OSLO, Norway, Jan. 24, 2006 (PRIMEZONE) -- Telenor strongly opposes a ruling by the High Commercial Court in Ukraine, which questions the validity of parts of the shareholder agreement between Storm and Telenor and the Charter of Kyivstar. The ruling has been appealed to the Supreme Court in Ukraine and will not affect Telenor's consolidation of Kyivstar. The High Commercial Court has in its ruling challenged the way the Board of Directors is nominated and elected as well as procedures for appointing the CEO of the company. Today the Board of Kyivstar consists of nine members, of which five are nominated by Telenor and four by Storm. The CEO will according to the Charter be nominated by Telenor. The High Commercial Court calls upon a renegotiation of these points in the Charter.
Industry Veteran Joins Intelligent Results
BELLEVUE, Wash., Jan. 24, 2006 (PRIMEZONE) -- Intelligent Results (www.intelligentresults.com), a leading provider of customer analytics and decision management solutions announced today that Buzz Sawyer has joined their team as Senior Product Specialist.
More Than 2 million Customers in Telenor Pakistan
OSLO, Norway, Jan. 24, 2006 (PRIMEZONE) -- Less than 11 months after launching mobile communications services in Pakistan, Telenor Pakistan now exceeds 2 million customers. The passing of this milestone coincides with a visit from Pakistan's President, General Pervez Musharraf, on Tuesday.