latest news releases from the newsroom
Lundin Petroleum AB
LUNDIN PETROLEUM SECURES USD 1 BILLION FINANCING
The financing facilities consist of a USD 850 million revolving borrowing base
and letter of credit facility and a USD 150 million unsecured corporate
facility, available to subsidiaries of Lundin Petroleum. Lundin Petroleum
intends to use these facilities to fund its ongoing exploration and development
expenditures as well as for future potential acquisitions and new projects.
Geoff Turbott, Chief Financial Officer of Lundin Petroleum, commented: “Lundin
Petroleum is currently generating s
Port of Houston Authority
Photo Release -- Port of Houston Authority and City of Seabrook Sign Landmark Memorandum of Settlement Agreement
HOUSTON, Nov. 5, 2007 (PRIME NEWSWIRE) -- The Port of Houston Authority and the city of Seabrook signed a landmark Memorandum of Settlement Agreement today, defining mutually agreed-upon terms for the continued development of Bayport container terminal facilities, land planning and development in adjoining areas within Seabrook, and the resolution of siltation in Pine Gully. The agreement outlines a series of public steps that the port authority and Seabrook have agreed to take over the next three months to carry out the settlement process to resolve legal matters, and address quality of life enhancements, land usage and environmental initiatives. A PHA/Seabrook Settlement Agreement fact sheet and the full Memorandum of Settlement Agreement can be found on the PHA's Web site at www.portofhouston.com.
ADVA Optical Networking
ADVA Optical Networking Reports Profitability Above Guidance in Q3 2007
MAHWAH, N.J. and MARTINSRIED/MUNICH, Germany, Nov. 5, 2007 (PRIME NEWSWIRE) -- ADVA Optical Networking (Other OTC:ADVOF) today announced Q3 2007 financial results for the quarter ended September 30, 2007, and prepared in accordance with International Financial Reporting Standards (IFRS).
ADVA Optical Networking
ADVA Optical Networking Announces Jaswir Singh as New CFO
MAHWAH, N J. and MARTINSRIED/MUNICH, Germany, Nov. 5, 2007 (PRIME NEWSWIRE) -- ADVA Optical Networking (Other OTC:ADVOF) today announced the appointment of Jaswir Singh as Chief Financial Officer (CFO), effective November 7, 2007. Singh will take over the role of CFO from Andreas Rutsch, who has served in this position since 1999. Rutsch has accepted a new CFO role and will leave ADVA Optical Networking on December 6, 2007.
Power Integrations, Inc.
Power Integrations Announces Termination of SEC Investigation
SAN JOSE, Calif., Nov. 5, 2007 (PRIME NEWSWIRE) -- Power Integrations (Nasdaq:POWI) today announced that the staff of the Securities and Exchange Commission (SEC) has formally notified the company that the SEC investigation related to Power Integrations' historical stock option practices has been terminated. No enforcement action has been recommended.
Microsemi to Demo Full Range of PowerDsine Power-Over-Ethernet Midspans At Interop Show in Berlin
IRVINE, Calif., Nov. 5, 2007 (PRIME NEWSWIRE) -- Microsemi Corporation (Nasdaq:MSCC) will display a full range of PowerDsine(r) midspans at the Interop Show in Berlin, November 6-8. Microsemi is a leading manufacturer of PowerDsine power-over-Ethernet systems and integrated circuits as well as high performance analog mixed signal integrated circuits and high reliability semiconductors.
City National Corporation
City National's Conference Presentation to be Webcast Live
LOS ANGELES, Nov. 5, 2007 (PRIME NEWSWIRE) -- City National Corporation (NYSE:CYN) will present a live audio Webcast of Chief Executive Officer Russell Goldsmith's presentation to the BancAnalysts Association of Boston 2007 Conference on Friday, November 9, 2007 at 11:30 a.m. Eastern time (8:30 a.m. Pacific time).
Hooper Holmes, Inc.
Hooper Holmes Appoints Leslie Hudson, PhD, to Board of Directors
BASKING RIDGE, N.J., Nov. 5 -- Hooper Holmes, Inc. (AMEX: HH) today announced that Leslie Hudson, PhD, Interim President and CEO of Nabi Biopharmaceuticals Inc. (Nasdaq: NABI - News), has been reappointed to the Company's Board of Directors. Dr. Hudson was previously a member of the Board from 2005 to 2006. He replaces Paul Kolacki who retired as a Director in September 2007.