latest news releases from the newsroom
Northrop Grumman Corp.
Northrop Grumman Team Completes Third Successful KEI Motor Fire Test
PROMONTORY, Utah, June 14, 2007 (PRIME NEWSWIRE) -- The Kinetic Energy Interceptors (KEI) program team fired a powerful Stage 1 rocket motor today, marking the third consecutive successful ground-fire test leading up to the program's first booster flight in 2008. Northrop Grumman Corporation (NYSE: NOC) is the KEI prime contractor, with Raytheon Company (NYSE: RTN) as the principal subcontractor.
Xlibris Releases Willa, An Enduring Civil War Novel That Will Touch Your Heart
TUSCON, Ariz., June 14, 2007 (PRIME NEWSWIRE) -- In times of crisis such as war, people have no choice but to survive any way they can and adjust themselves to drastic changes. Such elements affected many people during the Civil War and their struggles will forever be told and repeated in society in more ways than one. A dramatic story of courage, honor and love in 19th century America is about to begin as Xlibris proudly releases Willa, the captivating new war epic written by Mary Katherine Arensberg.
Kratos Defense & Security Solutions, Inc.
WFI Receives Extension From NASDAQ
SAN DIEGO, June 14, 2007 (PRIME NEWSWIRE) -- WFI (Nasdaq:WFII) today announced it received a letter dated June 12, 2007 from the NASDAQ Stock Market informing the Company that the NASDAQ Listing Qualifications Panel has granted the Company's request for an extension for continued listing on the NASDAQ Stock Market. The extension is subject to the Company filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2006 by July 31, 2007, and its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2007 by August 15, 2007. The Panel has advised the Company that should it be unable to meet the deadlines, the Company's shares may be delisted from the NASDAQ Stock Market.
Furniture Brands International
Furniture Brands International Names Ralph Scozzafava as Vice Chairman and Chief Executive Officer Designate
ST. LOUIS, June 14, 2007 (PRIME NEWSWIRE) -- The Furniture Brands International (NYSE:FBN) Board of Directors today announced the appointment of Ralph Scozzafava to the Board of Directors as Vice Chairman and Chief Executive Officer Designate. The Board of Directors also announced today the plans of Chairman and Chief Executive Officer W.G. (Mickey) Holliman to retire as Chief Executive Officer on January 1, 2008. Mr. Holliman will remain as Chairman until May 1, 2008. John T. (Tom) Foy continues to serve as President and Chief Operating Officer of the company.
Power Integrations, Inc.
Power Integrations Files Patent-Infringement Lawsuit Against BCD Semiconductor, Revises Second-Quarter Revenue Guidance
SAN JOSE, Calif., June 14, 2007 (PRIME NEWSWIRE) -- Power Integrations (Pink Sheets:POWI) today announced that it has filed a patent-infringement lawsuit against BCD Semiconductor Manufacturing Company Limited, a Chinese semiconductor company, and its U.S. affiliate BCD Semiconductor Corporation. The suit, filed today in the U.S. Federal District Court for the Northern District of California, alleges that certain PWM controller chips produced by BCD infringe upon Power Integrations U.S. patent nos. 5,313,381, 6,107,851 and 6,249,876. The company is seeking damages as well as an injunction against the infringing products.
Credit Acceptance Corporation
Credit Acceptance Announces Extension and Modifications of Credit Agreement
SOUTHFIELD, Mich., June 14, 2007 (PRIME NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced today that it has extended the maturity of its credit facility with a commercial bank syndicate from June 20, 2008 to June 20, 2009. The Company also reduced the amount of the facility from $135 million to $75 million because the amount of borrowings available under this facility and the Company's $325 million warehouse facility exceed the Company's current borrowing needs.
The NASDAQ OMX Group, Inc.
Delisting of Securities of Analytical Surveys, Inc. From the NASDAQ Stock Market
NEW YORK, June 14, 2007 (PRIME NEWSWIRE) -- The NASDAQ Stock Market announced today that it will delist the common stock of Analytical Surveys, Inc. Analytical Surveys, Inc.'s stock was suspended on April 04, 2007 and has not traded on NASDAQ since that time. NASDAQ will file a Form 25 with the Securities and Exchange Commission to complete the delisting. The delisting becomes effective ten days after the Form 25 is filed. For news and additional information about the company, including the basis for the delisting and whether the company's securities are trading on another venue, please review the company's public filings or contact the company directly.