latest news releases from the newsroom
Northrop Grumman Corp.
Photo Release -- Northrop Grumman's Ian V. Ziskin Inducted as National Academy of Human Resources Fellow
LOS ANGELES, Nov. 5, 2007 (PRIME NEWSWIRE) -- Ian V. Ziskin, Northrop Grumman Corporation's (NYSE:NOC) chief human resources and administrative officer, has been inducted as a Fellow of the National Academy of Human Resources (NAHR), the highest honor accorded to chief human resource officers and other lifetime contributors to the human resource profession. NAHR Fellows are recognized by their peers as leaders in the profession, have meritorious national reputations for shaping human resource thinking and policy through scholarship and international influence, and have demonstrated an unfailing commitment to success.
T-3 Energy Services, Inc.
T-3 Energy Services, Inc. Announces Third Quarter 2007 Earnings
HOUSTON, Nov. 5, 2007 (PRIME NEWSWIRE) -- T-3 Energy Services, Inc. ("T-3 Energy") (Nasdaq:TTES) reported third quarter 2007 income from continuing operations of $7.2 million, or $0.58 per diluted share, up 41% and 26%, respectively, from $5.1 million or $0.46 per diluted share for the third quarter of 2006. Year to date 2007 income from continuing operations of $18.0 million, or $1.52 per diluted share, was up 35% and 24%, respectively, from $13.4 million, or $1.23 per diluted share, reported during 2006. Revenues for the third quarter of 2007 increased 20% to $53.2 million from $44.2 million for the same period in 2006. Year to date 2007 revenues increased 30% to $153.1 million from $117.9 million for the same period in 2006. The year to date 2007 financial results include a Q2 2007 charge, net of tax, of $1.9 million, associated with a change of control payment and the immediate vesting of previously unvested stock options and restricted stock held by Gus D. Halas, the Company's Chairman, President and Chief Executive Officer, pursuant to the terms of his then existing employment agreement. The third quarter 2006 and year to date 2006 financial results include a charge, net of tax, of $0.3 million, related to terminated public offering costs. Excluding the impact of these change of control and public offering costs, the Company's year to date 2007 income from continuing operations and diluted earnings per share increased 47% and 34%, respectively, from $13.6 million and $1.25 per diluted share in 2006 to $20.0 million and $1.68 per diluted share in 2007.
QLogic Executives to Present At UBS Global Technology & Services Conference
ALISO VIEJO, Calif., Nov. 5, 2007 (PRIME NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC), a leader in networking for storage and high performance computing (HPC), today announced that Jeff Benck, president and chief operating officer, and Tony Massetti, senior vice president and chief financial officer, will present at the UBS 2007 Global Technology & Services Conference on Wednesday, November 14, 2007 at 9:45 a.m. Eastern Time in New York City. The conference will be held at the Grand Hyatt New York.
The Inventure Group, Inc.
The Inventure Group, Inc. Appoints Mr. Jim Goers as Vice President of Sales
PHOENIX, Nov. 5, 2007 (PRIME NEWSWIRE) -- The Inventure Group, Inc. (Nasdaq:SNAK) today announced the appointment of Mr. Jim Goers to the position of Vice President of Sales. In this role, Mr. Goers is responsible for leading the sales teams for both the snack food and frozen fruit divisions.