latest news releases from the newsroom
Northrop Grumman Corp.
Northrop Grumman, Rockwell Collins Prove Concept for New B-2 Bomber Cockpit Display
TINKER AFB, Okla., Aug. 12, 2008 (PRIME NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) and Rockwell Collins (NYSE:COL) have successfully demonstrated that a prototype of a new digital cockpit display for the U.S. Air Force's B-2 stealth bomber can accurately replicate the functions of the jet's current analog displays.
Diversity In Art LLC
Announcing the Launch of DiversityinArt.com -- an Online Art Portal
SHORELINE, Wash., Aug. 12, 2008 (PRIME NEWSWIRE) -- DiversityinArt.com is an online portal launched to promote the creative talents of artists from around the world. The site showcases the works of art of budding artists that embrace different cultures and paint their canvas with colourful stories.
Associated Estates Realty Corporation
Associated Estates Realty Corporation Declares Preferred Share Dividend
CLEVELAND, Aug. 12, 2008 (PRIME NEWSWIRE) -- Associated Estates Realty Corporation (NYSE:AEC) (Nasdaq:AEC) announced today that a quarterly dividend of $0.54375 per one-tenth depositary share has been declared on the Company's 8.70% Class B Series II Cumulative Redeemable Preferred Shares (NYSE:AECPRB) (Nasdaq:AECPRB), payable on September 12, 2008 to shareholders of record on August 29, 2008. Each depositary share represents one-tenth of a share of the Company's 8.70% Class B Series II Cumulative Redeemable Preferred Shares.
Cardio Infrared Technologies, Inc.
Cardio Infrared Technologies Announces Kansas Ground Breaking for 'The Healing Spa at Tierra Verde'
LAS VEGAS, Aug. 12, 2008 (PRIME NEWSWIRE) -- Cardio Infrared Technologies, Inc. (Pink Sheets:CIRT), a leading emergent Health and Wellness technology and marketing company, announced today that Tierra Verde Development Company, LLC is breaking ground on The Healing Spa at Tierra Verde, Phase I of a "green" development at 47th & Webb Road, Wichita, Kansas, and will be installing a Cardio-Cor Exerbike.
CommunitySouth Bank & Trust
CommunitySouth Financial Corporation Reports Second Quarter 2008 Results
EASLEY, S.C., Aug. 12, 2008 (PRIME NEWSWIRE) -- CommunitySouth Financial Corporation (OTCBB:CBSO), parent company of CommunitySouth Bank & Trust, today reported that total assets ended the quarter at $383.1 million, an increase of 19.77% over the second quarter of 2007 and 0.19% for the quarter. Year-to-date assets grew 1.37%. The Company reported a net loss for the quarter ended June 30, 2008 of $1,390,426, or $0.30 per diluted share, compared to net income of $462,129, or $0.09 per diluted share, for the same period in 2007. Net loss for the first six months of 2008 totaled $1,048,935, or $0.22 per diluted share, compared with a net income of $670,501, or $0.13 per diluted share, for the same period in 2007.
Highway Holdings Limited
Highway Holdings Reports Fiscal 2008 First Quarter Results
HONG KONG, Aug. 12, 2008 (PRIME NEWSWIRE) -- Highway Holdings Limited (Nasdaq:HIHO) today reported results for its fiscal first quarter ended June 30, 2008, reflecting contributions from a year-end order backlog and the stabilization of labor unrest that affected operations of the company in the previous fiscal year.