latest news releases from the newsroom
Occidental Petroleum Corp.
Occidental Completes Acquisition of Vintage Petroleum
LOS ANGELES, Jan. 30, 2006 (PRIMEZONE) -- Occidental Petroleum Corporation (NYSE:OXY) announced today it has completed the previously announced acquisition of Vintage Petroleum, Inc. (NYSE:VPI). Under the terms of the merger agreement, Vintage shareholders will receive $20.00 per Vintage share in cash, plus 0.42 Occidental shares per Vintage share. As a result of this transaction, Occidental will issue approximately 28 million shares of Occidental common stock and pay approximately $1.4 billion in cash to former Vintage stockholders. As previously announced, Occidental plans to implement, from time to time, a stock re-purchase program for 9 million Occidental shares in the open market or otherwise.
Northwest Bancorporation, Inc.
Northwest Bancorporation, Inc. Announces Fourth-Quarter Financial Information
SPOKANE, Wash., Jan. 30, 2006 (PRIMEZONE) -- Northwest Bancorporation, Inc. (OTCBB:NBCT) President and CEO Randall L. Fewel today announced fourth-quarter net income for the company of $566,376 and full-year earnings of $2,160,213 for the twelve months ending December 31, 2005. Fourth-quarter 2005 earnings were higher than for the same quarter in 2004, increasing by 0.4% from $564,009. Fourth-quarter 2004 results were aided by a $50 thousand tax accrual adjustment. For the full year, net income increased 10.0% over the $1,964,317 earned in 2004.
First Horizon National Corporation
First Horizon Bank Announces Extension of Banking Day with 8 p.m. Cut-off for Deposits
MCLEAN, Va., Jan. 30, 2006 (PRIMEZONE) -- First Horizon Bank announced today that all of its full-service financial centers in the Mid-Atlantic region have extended the cut-off time for deposit posting until 8 p.m. Customers will now receive same-day posting on all transactions processed in the financial centers Monday through Friday until 8 p.m. First Horizon is the only area bank to process customer transactions made that late in the day and have the items posted to their accounts at midnight.
UniKeep Announces the Third Annual UniKeep Design Awards
MARYSVILLE, Ohio, Jan. 30, 2006 (PRIMEZONE) -- With the growing success of the UniKeep Design Awards, UniKeep(r) LLC, manufacturer of the award winning View Case Binder(tm) announced the "Third Annual UniKeep Design Awards" on January 1, 2006. The contest was created for UniKeep's expanding group of loyal View Case Binder(tm) users to showcase their creative cover designs and organizing solutions with an opportunity to win cash and prizes.
Klayman & Toskes P.A.
Notice to All Banc of America Customers Who Purchased or Received An Allocation of Stocks Through an IPO From the Securities Arbitration Law Firm of Klayman & Toskes, P.A.
NEW YORK, Jan. 30, 2006 (PRIMEZONE) -- The Securities Arbitration Law Firm of Klayman & Toskes, P.A. ("K&T") (http://www.nasd-law.com), representing numerous aggrieved investors throughout the nation, advises all Banc of America customers who are eligible to participate in the Settlement of the Initial Public Offerings Securities Litigation (In Re Initial Public Offering Securities Litigation, No. 21 MC 92 (SAS)), to explore all of their legal options against Banc of America, one of the non-settling defendant underwriters. According to K&T, investors should strongly consider pursuing an individual securities arbitration claim as a means to recovering their financial losses.
CipherPass Announces Chief Strategy Advisor Appointment
SANTA MONICA, Calif., Jan. 30, 2006 (PRIMEZONE) -- CipherPass Corporation (Pink Sheets:CPHC), an innovator of cutting edge digital certificate solutions, has announced that Albert Behr, former Chief Strategy Officer & Chief Marketing Officer for BorderWare Technologies, has joined the firm's Advisory Board as Chief Strategy Advisor.