latest news releases from the newsroom
Occidental Petroleum Corp.
Occidental Petroleum Announces 13.6 Percent Dividend Increase
LOS ANGELES, July 19, 2007 (PRIME NEWSWIRE) -- Occidental Petroleum Corporation (NYSE:OXY) announced today that its Board of Directors has increased the quarterly dividend to $.25 per share of common stock for an annual rate of $1.00 per share, compared to the previous annual rate of $.88 per share. The dividend will be payable on October 15, 2007, to stockholders of record on September 10, 2007.
Commonwealth Bankshares, Inc.
Commonwealth Bankshares, Inc., Norfolk, VA, Announces a 33 Percent Increase in Quarterly Cash Dividend
NORFOLK, Va., July 19, 2007 (PRIME NEWSWIRE) -- The directors of Commonwealth Bankshares, Inc. (Nasdaq:CWBS) approved an increase in the quarterly cash dividend from $0.06 to $0.08 per share, an increase of 33.3%. The dividend is payable August 31, 2007, to shareholders of record as of August 20, 2007. This is the third quarterly dividend declared in 2007 for a year to date total of $0.20 per share. Total dividends paid in 2006 were $0.1991 per share, up 14.7% from the total dividends of $0.1736 per share paid in 2005. All share and per share amounts have been restated for all periods presented to reflect the eleven-for-ten stock split distributed on June 30, 2006 to shareholders of record on June 19, 2006 and the eleven-for-ten stock split distributed on December 29, 2006 to shareholders of record on December 18, 2006.
China Career Builder Corp.
China Career Builder Corp.'s Subsidiary Asian Career Company Ltd. to Participate in CCH's 'New Labour Contract Law and Its Impact On Human Resource Management' Conference in Guangzhou, China
HONG KONG, July 19, 2007 (PRIME NEWSWIRE) -- China Career Builder Corp., ("The Company") (Pink Sheets:CCBX), a Delaware Corporation, is focused on outsourcing human resource services and staffing services in Hong Kong, China. The company is pleased to announce Asian Career Company Ltd. is to participate in CCH' s conference on the subject of "New Labour Contract Law and Its Impact on Human Resource Management" in Guangzhou on 20th July 2007. The speaker is Dr. Jiang Junlu, partner in Change, King & Wood, who earned the first Labor Law Doctor Degree in China and has practiced labor law for 12 years.
Cubic Energy, Inc.
Cubic Energy, Inc. Successfully Drills 1st Well in Johnson Branch Acreage
DALLAS, July 19, 2007 (PRIME NEWSWIRE) -- Cubic Energy, Inc. (OTCBB:QBIK) ("Cubic" or the "Company") announces today that the O. McDonnell 8 No. 1, which spud on July 1, 2007, was successfully drilled to a total depth of 10,500 feet. This is the 1st Cotton Valley well in Cubic's Johnson Branch acreage, located in Caddo Parish, Louisiana. Cubic has a 49% working interest in the O. McDonnell 8 No. 1.