latest news releases from the newsroom
Oneida Ltd. Reports Improved Operating Income for Third Quarter and Nine Months Ended October 29, 2005
ONEIDA, N.Y., Dec. 9, 2005 (PRIMEZONE) -- Oneida Ltd. (OTCBB:ONEI) today announced operating and financial results for the third quarter and nine month period ended October 29, 2005. Operating income for the third quarter was $3.0 million, compared to an operating loss of $(16.8) million during the corresponding period last year. The operating results included goodwill impairment losses attributed to the Company's United Kingdom operation of $4.2 million and $15.5 million for the three month periods ending October 29, 2005 and October 30, 2004, respectively. The operating income improvement also reflects the favorable impact of the Company's comprehensive operational restructuring program. Oneida's operational restructuring efforts are focused on reducing the Company's cost structure and transitioning from fixed-cost manufacturing to variable-cost sourcing throughout its product line portfolio, thereby maximizing the Company's competitiveness in today's global marketplace. Net loss for the third quarter ended October 29, 2005 was $(6.0) million, equal to $(0.13) per share, compared to year-ago net loss of $(23.8) million, or $(0.57) per share.
Harsco Reviews Global Growth Opportunities at Annual Analysts Conference
HARRISBURG, Pa., Dec. 9, 2005 (PRIMEZONE) -- Addressing the investment community in New York City, Harsco Corporation (NYSE:HSC) Chairman, President and Chief Executive Officer Derek C. Hathaway today reaffirmed the Company's confidence in its outlook for continued growth, saying that Harsco's worldwide operating balance is providing added predictability and consistency to the Company's improving results.
The Cooper Companies, Inc.
Cooper Companies' Unit Announces New Silicone Hydrogel Contact Lens
LAKE FOREST, Calif., Dec. 9, 2005 (PRIMEZONE) -- CooperVision, Inc., the contact lens unit of the Cooper Companies, Inc. (NYSE:COO), said today at the annual meeting of the American Academy of Optometry (AAO) that it expects that its new Biofinity(tm) silicone hydrogel contact lens will be available in the United States in the second half of 2006. European introduction of the lens is currently underway.
Battle Mountain Gold Exploration Corp.
Battle Mountain Gold Exploration Corp. Signs Letter of Intent to Acquire the Balance of its Majority Owned Subsidiary, Pediment Gold LLC
RENO, Nev., Dec. 9, 2005 (PRIMEZONE) -- Battle Mountain Gold Exploration Corporation (OTCBB:BMGX) ("Battle Mountain Gold") is pleased to announce that it has signed a Letter of Intent to acquire the balance of its majority owned subsidiary, Pediment Gold LLC. Pediment Gold holds the exclusive rights to the proprietary Ground Water Chemistry technology and the proprietary Ground Water Database for Nevada, which contains over 70,000 water samples. In addition, Battle Mountain Gold now has 100% control over 30 additional gold exploration targets in Nevada that will complement the Hot Pot and Fletcher Junction projects. As a result of the buy-in, Battle Mountain Gold now has increased visibility and flexibility with respect to its exploration program. Consideration for the purchase will be in the form of 3,000,000 previously issued shares, through a re-alignment of the founders' holdings. No new shares will be issued as a result of the transaction.