PR Newswire back issues from Tuesday, December 10:
eOn Communications Names Communications Industry Veteran Frederick Gibbs To Board of Directors.
Dec 10, 2002 ... eOn Communications Corporation(TM) , a leading provider of unified voice, e-mail and Web-based communications systems and software, today announced the appointment of Frederick W. Gibbs to eOn's Board of Directors. Mr. Gibbs will be assuming the position vacated by Jenny Hsui Theleen, who, ...
ARRIS Announces Memorandum of Understanding to Offer Telephony Over IP (ToIP(TM)) With Net2Phone.
Dec 10, 2002 ... Alliance Overcomes Key Integration, Investment, and Operations Challenges ARRIS and Net2Phone announced today a Memorandum of Understanding to enhance the ARRIS Hosted Telephony-over-IP (ToIP(TM)) offer to cable operators. As a result, ARRIS and Net2Phone will jointly offer ...
Georgia-Pacific's John Rasor to Retire After 40-Year Career; Building Products Management Changes Announced.
Dec 10, 2002 ... Georgia-Pacific Corp. has announced that John Rasor, executive vice president, wood procurement, gypsum and industrial wood products, will retire Jan. 1, after a 40-year career with the company. As a result of Rasor's retirement, the company's building products business has ...
Chattahoochee National Bank Receives 5-Star Rating From Bauer Financial Reports, Inc.
Dec 10, 2002 ... Chattahoochee National Bank (CNB) received a Superior (5-Star) rating from Bauer Financial Reports, Inc. Bauer's rating system is based on several criterion including profitability/loss trend, market versus book value of the investment portfolio, community reinvestment rating and ...
Delta Air Lines Begins Interline Electronic Ticketing With Northwest Airlines.
Dec 10, 2002 ... Delta Air Lines today announced the launch of interline electronic ticketing (ET) with Northwest Airlines , extending the convenience of electronic ticketing to customers who travel on Delta and Northwest in the same itinerary. Today, almost 90 percent of Delta customers worldwide take ...
Jackie Collins Named Vice President of Southern Company, SCS.
Dec 10, 2002 ... Jackie Collins has been named vice president of Southern Company and Southern Company Services (SCS), which provides marketing, strategic planning, technological, financial, engineering and other services to various Southern Company subsidiaries. Collins was elected vice president by the ...
Georgia Power Receives 2002 Forestry for Wildlife Partnership Award For The Fourth Year.
Dec 10, 2002 ... Governor Roy Barnes today recognized Georgia Power, International Paper, MeadWestvaco, Temple- Inland and Weyerhaeuser, as the 2002 Forestry for Wildlife Program (FWP) Partners. The program was created when corporate forest landowners joined the Georgia Department of Natural Resources ...
NDCHealth to Release Second Quarter Earnings on December 18, 2002.
Dec 10, 2002 ... NDCHealth Corporation will release financial results for the second quarter ended November 29, 2002 on Wednesday, December 18, 2002 after the market closes. Management will host a conference call for investors to discuss these results at 9:00 a.m. Eastern time on Thursday, December 19, ...
Lee College and Matrikon form partnership to deliver latest industrial software for hands-on training.
Dec 10, 2002 ... Matrikon will provide industrial process control software to Lee College for use in labs and Lee College's multi-million dollar pilot plant Lee College and Matrikon International, Inc. today announced a partnership in which Matrikon will provide its industrial software for use ...
Petro-Canada completes acquisition of La Ceiba block in Venezuela.
Dec 10, 2002 ... Petro-Canada today announced that it has completed the acquisition of a 50% working interest in the La Ceiba block in western Venezuela. This block was part of Petro-Canada's acquisition of the Veba Oil & Gas assets, the bulk of which closed in May 2002. Veba's 30% interest in this asset ...
Nexen Inc. - New Director Appointed to Board.
Dec 10, 2002 ... Mr. Richard Thomson, Chairman of the Board of Nexen Inc. announced today that Mr. Thomas C. O'Neill has joined Nexen's Board of Directors. Mr O'Neill brings many years of business experience and expertise to the Board. During his professional career, he held numerous senior ...
Nexen to Invest $1.3 Billion in Capital Projects in 2003.
Dec 10, 2002 ... Highlights: - Invest $560 million in core assets and grow 2003 production, net of royalties, by 6 to 10% - Invest $400 million in major development projects to deliver mid to long-term production growth - Invest $285 million in high-potential exploration for future growth - Generate cash ...
Nexen's 2003 Budget Conference Call - December 11, 2002.
Dec 10, 2002 ... Nexen Inc. will discuss its 2003 budget in a conference call on Wednesday, December 11, 2002 at 9:00 a.m. Mountain Time. President and CEO, Charlie Fischer and Executive Vice President and CFO, Marvin Romanow will review the highlights of the budget and expected results for the year. ...
CanWest Redeems Series 2 Preference Shares.
Dec 10, 2002 ... CanWest Global Communications Corp. announced today that it has elected to redeem all of its outstanding Series 2 Preference Shares for an aggregate redemption price of approximately $57.7 million. The redemption will be effective December 18, 2002. Under the terms of the Series 2 ...
Valmont Board Declares Quarterly Dividend.
Dec 10, 2002 ... The Board of Directors of Valmont Industries, Inc. has declared a quarterly dividend of 7.5 cents per share payable on January 15, 2003 to shareholders of record on December 27, 2002. The dividend indicates an annual rate of 30.0 cents per share. Valmont is a global leader in ...
Banyan Strategic Realty Trust Announces Dissolution and Termination to Take Effect on January 3, 2003.
Dec 10, 2002 ... Banyan Strategic Realty Trust (BULLETIN BOARD: BSRTS) announced today that its Board of Trustees has resolved to terminate the Trust effective January 3, 2003. The termination and dissolution will be accomplished by the transfer of all of Banyan's remaining assets and liabilities into ...
Motorola Product Testing Services Awarded CARAT Recognition by TUV America Inc.
Dec 10, 2002 ... TUV America Inc. announced it has awarded Motorola Product Testing Services CARAT (Certification After Recognition of Agent's Testing) Recognition. This enables Motorola to perform third-party product safety testing and report preparation for information technology equipment and battery ...
Retiring Baby Boomers Move, But Pack Their Financial Woes with Them.
Dec 10, 2002 ... Retirement will bring a change of scene for many Baby Boomers, as many anticipate relocating or revamping their current homes, according to the second annual Allstate "Retirement Reality Check" survey. Whether moving on or staying put, many surveyed Baby Boomers expect home-related ...
BorgWarner Announces 20% Increase To Quarterly Dividend; Strong Cash Flows Allow For Continued Debt Reduction and Share Repurchase.
Dec 10, 2002 ... BorgWarner Inc. announced today that the company's board of directors has approved a 20% increase in the quarterly cash dividend to $0.18 per share on all of the company's issued and outstanding common stock from the previous level of $0.15 per share. The dividend is payable on February ...
Tribune Sees Strong Finish To 2002.
Dec 10, 2002 ... Revenues Increased 7 Percent in November Company Expects Record Fourth Quarter and Full Year Earnings Growth Strategies to be Outlined at Media Conferences This Week Tribune Company today reported its summary of revenues and newspaper advertising volume for period 11, ended ...
Arctic Slope Regional Corporation Extends its Enterprise ASP Contract with Corio.
Dec 10, 2002 ... Corio Delivers Superior Reliability for Financials, HR and Payroll Applications to Power ASRC's Shared Services Strategy Corio, Inc. , a leading enterprise application service provider, today announced that ASRC Service Center, Inc., the shared services management company owned ...
Playboy Enterprises Projects Improved 2003 Results.
Dec 10, 2002 ... Company Expects Operating Income to Nearly Double And Cash Flow to Increase Playboy Enterprises, Inc. (PEI) projected that it will report significantly improved results in 2003, including a near doubling of operating income and improved cash flow from 2002. In ...
Option Care Issues Guidance For 2003.
Dec 10, 2002 ... -Expects Revenue of $365 million to $375 million or 15% to 20% Growth- -EPS of $0.80 to $0.84 or Growth of 10% to 15% after Investments in Information Systems- Option Care, Inc. today announced that the company expects 2003 revenues to grow 15% to 20%, and to be in the range of ...
Tripos, Inc. Expands Debt Facilities.
Dec 10, 2002 ... Tripos, Inc. , a leading provider of drug discovery chemistry, discovery software and enterprise informatics, today announced that it has expanded its debt facilities with LaSalle Bank and its U.K. affiliate, ABN Amro Bank. Tripos' access to debt facilities has increased to nearly $13 ...
Apropos Technology Receives Patent on Universal Queuing Concepts.
Dec 10, 2002 ... Apropos Technology, Inc. a leading provider of real-time multi- channel interaction management solutions today announces it has been awarded a patent (pat. no. 6,463,148) for technology that allows for the blending of multiple communications mediums and for the manual selection or ...
LaBarge Lands Contract With DRS Power & Control Technologies To Build Circuit Cards For U.S. Navy Submarines.
Dec 10, 2002 ... LaBarge, Inc. announced today that DRS Power & Control Technologies, Inc., a unit of DRS Technologies, Inc. , awarded the Company a contract valued at more than $1 million to make circuit card assemblies for the U.S. Navy's next- generation attack submarine, the Virginia class. This ...
Titan International, Inc. Announces Cash Dividend for Fourth Quarter 2002.
Dec 10, 2002 ... The Board of Directors of Titan International, Inc. has approved a quarterly cash dividend of $.005 (one half cent) per common share for the fourth quarter of 2002. The cash dividend is payable January 15, 2003, to stockholders of record on December 31, 2002. Titan is a global ...
IRI Announces Fourth Quarter Charge to Reduce Workforce.
Dec 10, 2002 ... Information Resources, Inc. , a leading provider of consumer behavior insights to the consumer packaged goods (CPG) industry, today announced that it will eliminate about 5% of its workforce in the United States and Europe. These workforce reductions will occur through layoffs and the ...
Cobra Electronics Announces Breakthrough Technology for Handheld Global Positioning System (GPS).
Dec 10, 2002 ... Cobra Positioned for GPS Market Leadership Cobra Electronics Corp. today announced that its new line of handheld GPS products will feature its exclusive Accelerated Satellite Acquisition Protocol (ASAP(TM)) technology enabling users to identify their location up to twice as ...
Plexus Announces New VP, Sales and Business Development.
Dec 10, 2002 ... Plexus Corp. , today announced Michael McGuire has joined the Company as Vice President, Sales and Business Development effective immediately. "Mike brings over 20 years of strategic sales, business development and leadership skills to Plexus," said Dean Foate, President and ...
Engineered Support Announces Promotions.
Dec 10, 2002 ... Engineered Support Systems, Inc. announced several recent promotions within its corporate and divisional organization. Daniel A. Rodrigues and Timothy B. Fleischer have been promoted to the recently created positions of Corporate Group President, according to Michael F. Shanahan, Sr., ...
Delphax Technologies Inc. Restates Fiscal 2002 Third Quarter Results.
Dec 10, 2002 ... Delphax Technologies Inc. today announced that it has restated previously reported results for the third quarter and nine months ended June 30, 2002, to correct an error in the consolidation of intercompany transactions between the parent corporation and its Canadian subsidiary, which was ...
Federal Court Judge Grants Boeing A-12 Motion.
Dec 10, 2002 ... The U.S. Court of Federal Claims today issued a stay of its August 2001 decision in the long-running A- 12 aircraft case, ruling that the immediate collection action proposed by the government of $2.3 billion from Boeing and General Dynamics is not in the national interest and that the ...
Baxter International Inc. Announces Concurrent Securities Offerings.
Dec 10, 2002 ... Baxter International Inc. today announced plans for concurrent offerings of common stock and equity units under the company's existing shelf registration statement. Baxter will offer 13 million shares of newly issued common stock, as well as $850 million of equity units. ...
Pinnacle Airlines Releases November Traffic.
Dec 10, 2002 ... Pinnacle Airlines, Inc., which is an indirect wholly owned subsidiary of Northwest Airlines Corporation and operates as Northwest Airlink, today reported its passenger traffic for November 2002. Passengers carried increased 46.5% over November 2001. Revenue Passenger Miles ...
Banta Corporation Announces Dividend.
Dec 10, 2002 ... Directors of Banta Corporation today declared a regular quarterly dividend of 16 cents per common share payable Feb. 3, 2003, to shareholders of record Jan. 17, 2003. Banta Corporation is a technology and market leader in printing and supply-chain management. Banta provides a ...
Alberto-Culver Makes Permanent, Public Its Internal Ban On Animal Testing.
Dec 10, 2002 ... The Alberto-Culver Company today announced that it was formalizing and making public an internal company ban, in place for 10 years, that prohibits all animal testing. The announcement was made by Dr. John Berschied, the company's Vice President of World-Wide Research & ...
NCO Group Acquires the Revenue Maximization Group.
Dec 10, 2002 ... NCO Group, Inc. ("NCO Group"), a leading provider of accounts receivable management and collection services, announced today that it acquired The Revenue Maximization Group Inc. ("RevGro"). NCO Group paid approximately $15.9 million for all of the stock of RevGro, subject to ...
Libbey Inc. Announces New Share Repurchase Plan.
Dec 10, 2002 ... Board of Directors Approves Purchase of an Additional 2,500,000 Shares Libbey Inc. announced today that its Board of Directors authorized the company to buy back as many as an additional 2,500,000 shares of the company's common stock in open market and negotiated purchases. ...
Horace Mann Reports Capital Transactions.
Dec 10, 2002 ... Horace Mann Educators Corporation today reported two capital transactions, one designed to improve its capitalization at the holding company level and one to improve the statutory surplus of its primary life insurance subsidiary. The first transaction improves Horace Mann ...
Boston Properties Prices Offering of Senior Unsecured Notes.
Dec 10, 2002 ... Boston Properties, Inc. , a real estate investment trust, announced today that its operating partnership, Boston Properties Limited Partnership, has priced an offering of $750 million in aggregate principal amount of its 6.25% senior unsecured notes due January 15th, 2013. The notes were ...
Broadview Announces TV Show Renewal.
Dec 10, 2002 ... Home & Garden Television Commissions Twenty-Six Additional Episodes of Home Remodeling Series, New Spaces Broadview Media (BULLETIN BOARD: BDVM) ( www.BroadviewMedia.com ) has announced that Home & Garden Television has commissioned an additional twenty-six episodes of ...
West Corporation Announces 2003 Financial Outlook.
Dec 10, 2002 ... Also Updates 4Q02 Guidance West Corporation (or "West"), a leading provider of integrated customer contact solutions focused on helping Fortune 1000 companies acquire, manage, retain and grow their customer relationships, today announced its financial guidance for 2003. The ...
Engineered Support Systems to Webcast Conference Call on Fourth Quarter Financial Results on December 10, 2002.
Dec 10, 2002 ... Engineered Support Systems, Inc. will webcast its investor conference call on fiscal 2002 fourth quarter financial results, which will be announced December 10 prior to the opening of the market. Conference call details: <Pre>When: 10:00 AM Central Standard Time, Tuesday, ...
CommScope Announces Work Force Reductions.
Dec 10, 2002 ... CommScope, Inc. , a leader in the design and manufacture of high-performance broadband communication cables, today announced that it plans to reduce its work force by approximately 6-7% in response to the ongoing economic slowdown. As of September 30, 2002, the Company employed ...
Astec Industries, Inc. Announces Reorganization of Senior Executive Leadership.
Dec 10, 2002 ... Astec Industries, Inc. today announced that as a part of the organizational streamlining program discussed during the third quarter earnings release conference call on October 17, the Company is changing the structure of its senior executive leadership to best address the Company's ...
Nucor Announces One-Hundred Nineteenth (119th) Consecutive Cash Dividend.
Dec 10, 2002 ... The Board of Directors of Nucor Corporation declared the regular quarterly cash dividend of nineteen cents (19 cents) per share, on Nucor's common stock. This cash dividend is payable on February 11, 2003 to stockholders of record on December 31, 2002 and is Nucor's one-hundred ...
Ryan's Family Steak Houses, Inc. Reports November 2002 Sales Results.
Dec 10, 2002 ... Ryan's Family Steak Houses, Inc. today announced sales results for the 4-week period ending December 4, 2002 ("November"). Details follow: <Pre> (Unaudited) November ...
Bank of America Presents Second Check for $162,265 to Junior Achievement; Donation Matches Gift by Bank of America Associates.
Dec 10, 2002 ... Bank of America today announced it has presented a check for $162,265 to Junior Achievement of Southern California. The check matches gifts from Bank of America associates to Junior Achievement for the same amount for a total contribution of $324,530. In addition to direct ...
R.J. Reynolds Tobacco Holdings Declares Quarterly Dividend.
Dec 10, 2002 ... The board of directors of R.J. Reynolds Tobacco Holdings, Inc. today declared a quarterly cash dividend on the company's common stock of $0.95 per common share, or $3.80 on an annualized basis. The dividend is payable Jan. 2, 2003, to shareholders of record on Dec. 20, 2002. This is the ...
Anteon Awarded Two Contracts Valued at $10M to Support Air Force Research Laboratory.
Dec 10, 2002 ... Anteon International Corporation , a leading information technology and systems engineering and integration company, announced today that the U.S. Air Force Research Laboratory (AFRL) located, in Dayton, Ohio, has awarded Anteon two task orders with a total potential value of $10 million. ...
CCA Tutor Training Program Endorsed by ProLiteracy America.
Dec 10, 2002 ... Corrections Corporation of America's tutor training system has been endorsed by ProLiteracy America (formerly Laubach Literacy Action and Literacy Volunteers of America, Inc.), a nationally recognized literacy organization. CCA represents the first for-profit company that ProLiteracy ...
More Than 90 Percent of CP&L/Progress Energy Customers Restored.
Dec 10, 2002 ... CP&L/Progress Energy crews have restored power to more than 428,000 customers, or 92 percent, of those who lost service as a result of last week's severe ice storm. As of noon today, 36,000 remained without power, down from a peak of 464,000 customers. 9,000 customers in Wake County ...
The Seibels Bruce Group, Inc. Announces Senior Management Changes.
Dec 10, 2002 ... The Chairman of the Board of Directors for The Seibels Bruce Group, Inc. (BULLETIN BOARD: SBIG) , Charles H. Powers, today announced changes in the Company's management structure, following the previously announced appointment of Michael A. Culbertson, CPCU, AIC, as president of the ...
Advocat Announces New Chief Financial Officer and New Director.
Dec 10, 2002 ... Advocat Inc. (BULLETIN BOARD: AVCA) announced today the appointment of L. Glynn Riddle as Chief Financial Officer of Advocat. The Company also announced the appointment of Richard M. Brame as a new Director. With the appointment of Mr. Brame, Advocat's Board of Directors increases to ...
Lance, Inc. Adjusts 2002 Earnings Estimate and Announces Conference Call at 9:00 AM (ET) on December 11, 2002.
Dec 10, 2002 ... Lance, Inc. today announced that it has reduced its full- year 2002 earnings estimate to the range of $0.65 to $0.70 per share due to revenue shortfalls. The previous estimate for 2002 was $0.73 to $0.76 per share. The Company reported that fourth quarter 2002 revenues are ...
KEMET Announces Cabot Contract Extension.
Dec 10, 2002 ... KEMET Corporation announced today that it has agreed to an extension of the term of its tantalum supply agreement with Cabot Corporation . The extended agreement calls for reduced prices, higher volumes and a term through 2006, and relates to both tantalum powder and tantalum wire ...
Duke Power Restores Electric Service to More Than 81 Percent of Customers.
Dec 10, 2002 ... Duke Power has now completed restoration to more than 81 percent of its customers who lost power during last week's ice storm. The company projects that it will have more than 90 percent of its service area outages restored by midnight Wednesday, and all customers restored by midnight on ...
King Pharmaceuticals Reports Meridian Medical Technologies' Announcement of Financial Results for First Quarter of Fiscal 2003.
Dec 10, 2002 ... King Pharmaceuticals, Inc. reported today that Meridian Medical Technologies, Inc. announced its first quarter of fiscal 2003 financial results. Meridian reported total revenue of $24.8 million for the three months ended October 31, 2002, compared to revenues of $14.8 million for the ...
Kroger Reports Earnings of $0.34 Per Diluted Share, Before One-Time Items, for Third Quarter.
Dec 10, 2002 ... Company Raises Free Cash Flow Estimate for 2002 to Approximately $900 Million, Announces New $500 Million Share Repurchase Program and Provides Guidance for 2003 The Kroger Co. today reported earnings of $0.34 per diluted share, before one-time items, for the third quarter ...
Simon Property Group and Coca-Cola Enter into Marketing Alliance.
Dec 10, 2002 ... Simon Brand Ventures (SBV), the marketing division of Simon Property Group, Inc. and The Coca-Cola Company today announced that they have agreed to enter into a multi-year comprehensive marketing alliance. The agreement, which begins in January 2003, covers vending, ...
The Timken Company's Pending Acquisition of Torrington Clears HSR Act Review.
Dec 10, 2002 ... The Timken Company announced today that the Federal Trade Commission (FTC) has completed its review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 of Timken's proposed acquisition of The Torrington Company from Ingersoll-Rand Company Limited. The FTC allowed the waiting ...
N-Viro Announces Agreements for a Regional Merchant Biosolids Facility in Clinton County, New York.
Dec 10, 2002 ... N-Viro International Corp. (BULLETIN BOARD: NVIC.OB) (N-Viro) announced today that it has entered into a license agreement for its N-Viro Soil(TM), Class A, biosolids processing technology and a lease agreement to supply an N-Viro Soil Processing system for the operation of a regional ...
The Andersons Expects to Exceed Current 2002 Earnings Estimates.
Dec 10, 2002 ... The Andersons, Inc., an Ohio-based agribusiness/retailer, anticipates 2002 profit will exceed Wall Street's current estimates. Thanks to earnings improvements in all four business units, the company is estimating 2002 fully diluted earnings per share to be in the $1.50 to $1.65 range. ...
P&G Diapers Announces Package Count Changes.
Dec 10, 2002 ... Procter & Gamble Baby Care, makers of Pampers(R) and Luvs(R) brand diapers, confirmed today that effective Feb. 24, 2003 it will reduce the number of diapers in a package and list prices to match similar moves by a major competitor, who began shipping their lower counts and list prices in ...