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BJs Wholesale Club Inc (NYSE:BJ) Authorizes Repurchase of Common Stock | OroFino Gold (ORFG) New Hot Stock PDF Print E-mail
Tuesday, 30 March 2010 17:53

BJ’s Wholesale Club, Inc. (NYSE:BJ) has received authorization from its Board of Directors for the repurchase of an addition $200 million of the company’s common stock. $271.8 million is available for share repurchases. The company recently announced plans to spend $100 million on share repurchases in 2010 during a year end conference call on March 3, 2010. The company has noted that stock repurchases may be made at management’s discretion. Repurchases will take place in the open market or in privately negotiated transactions.

BJ’s Wholesale Club (BJ’s) is a warehouse club operator in the Eastern United States. As of January 31, 2009, the Company operated 180 BJ’s warehouse clubs, 102 of which operate gasoline stations, in 15 states. Its warehouse clubs includes the sales of food, general merchandise, gasoline and other specialty businesses. As of January 31, 2009, the Company operated 161 full-sized warehouse clubs that averaged approximately 113,000 square feet and 19 smaller format warehouse clubs that averaged approximately 71,000 square feet. Its clubs are located in both free-standing locations and shopping centers. During the fiscal year ended January 31, 2009 (fiscal 2009), food accounted for approximately 64% of its merchandise sales. The remaining 36% consisted of a variety of general merchandise items.

Orofino Gold Corp. - Exceptional Results Validation due April 8th

HONG KONG, March 30 /PRNewswire-FirstCall/ - Orofino Gold Corp. (PINK OTC: ORFG) ("Orofino Gold" or the "Company") is pleased to announce that the initial results from mineralized and un-mineralized material samples, as well as selected representative samples collected from its Colombian projects that ran higher than expected in gold, silver and copper will be re-assayed, these results will be available on or before April 8th, 2010. These results will form part of a future NI 43-101 compliant review of previous exploration and field data as well as recommendations and budgets.

About Orofino Gold Corp. (PINK OTC: ORFG)

Orofino Gold is a precious metals acquisition, exploration, and development company. The Company acquires and explores strategically-located precious metals properties in the historically rich gold bearing jurisdictions of Colombia and Mexico. To this end OROFINO has signed an option agreement to acquire several properties in Colombia. The Company is listed on the Pink Sheets under the symbol ORFG.

Forward-Looking Statements

The statements by our officers, and other statements regarding optimism related to the business, expanding exploration and development activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business. Words such as expects, anticipates, intends, plans, believes, sees, estimates and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

SOURCE Orofino Gold Corp.

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SunTrust Banks (NYSE: STI) Creates Consumer Banking Unit PDF Print E-mail
Thursday, 25 March 2010 14:05

SunTrust Banks Inc. (NYSE: STI) announced Tuesday that it is creating a consumer unit, according to Associated Press.

The bank, which is one of the top 10 issuers of debit cards in the U.S., also shuffled its commercial and investment banking operations.

The bank named C.T. Hill, 59, to lead the new consumer banking unit, which includes its deposit and lending products, including mortgages and credit cards. Hill previously ran the bank's Mid-Atlantic banking group and retail operations.

Thomas G. Kuntz, 53, was named head of SunTrust's geographic banking organization, which will oversee 16 units that comprise nearly 1,700 branches in 11 states and the District of Columbia. He was head of the company's Florida banking group and its commercial business.

Amy W. Medendorp, 48, will now lead the commercial business. She was co-head of SunTrust's corporate and investment banking. Hugh S. (Beau) Cummins III, 47, takes over leadership of corporate and investment banking after sharing that role with Medendorp.

The changes become effective April 1.

Hill, Kuntz and Cummins and Ms. Medendorp will report to SunTrust's President William H. Rogers, Jr. Previously, the CIB unit had reported to SunTrust's Chief Financial Officer.

In 2009, SunTrust lost $1.73 billion, or $3.98 per share, as it set aside money to cover souring loans and to repay $4.9 billion in federal bailout funds.

Its shares slipped 22 cents, or 3 percent, to $26.87 at Tuesday’s close. They have ranged between $10.50 and $28.39 in the past 52 weeks.

Orofino Gold Corp. - Major Gold Find To Be Verified

 

HONG KONG, China, March 25 - Orofino Gold Corp. (ORFG) ("Orofino Gold" or the "Company") is pleased to announce that the initial results from the first Qualified Persons, NI 43-101 Compliant, review of existing exploration and field data as well as a recent field visit were considered to be exceptional and due to this development, Orofino Gold Corp's Managing Director has taken the initiative to consult additional independent geologists to validate and verify the findings. The verification of the results is to take place on or before April 15, 2010.

All shareholders will be kept abreast of the process and will be informed upon completion of this verification. When the findings are confirmed by independent geologists, shareholders will be extremely pleased. As the price of gold today is nearing $1100 USD/OZ this could be a very rich discovery.

About Orofino Gold Corp. (ORFG)

Orofino Gold is a precious metals acquisition, exploration, and development company. The Company acquires and explores strategically-located precious metals properties in the historically rich gold bearing jurisdictions of Colombia and Mexico. To this end OROFINO has signed an option agreement to acquire several properties in Colombia. The Company is listed on the Pink Sheets under the symbol ORFG.

 
Lighthouse Petroleum Completes Reorganization of Financing PDF Print E-mail
Thursday, 25 March 2010 14:03

Lighthouse Petroleum Inc. (Pink Sheets: LHPT) has released a corporate update to its shareholders. According to the company, the reorganization of their finances is now complete.

The company’s management has been able to negotiate pending litigation except for but one case, which is currently being negotiated and the company expects a favorable outcome in the near future. They also reduced overall liabilities by more than $663,000.

Lighthouse Petroleum Inc. (PINKSHEETS: LHPT) is an oil & gas exploration company headquartered in Dallas, Texas. The company is publicly traded on the over-the-counter Pink Sheets trading system under the symbol LHPT.

Orofino Gold Corp. - Major Gold Find To Be Verified

 

HONG KONG, China, March 25 - Orofino Gold Corp. (ORFG) ("Orofino Gold" or the "Company") is pleased to announce that the initial results from the first Qualified Persons, NI 43-101 Compliant, review of existing exploration and field data as well as a recent field visit were considered to be exceptional and due to this development, Orofino Gold Corp's Managing Director has taken the initiative to consult additional independent geologists to validate and verify the findings. The verification of the results is to take place on or before April 15, 2010.

All shareholders will be kept abreast of the process and will be informed upon completion of this verification. When the findings are confirmed by independent geologists, shareholders will be extremely pleased. As the price of gold today is nearing $1100 USD/OZ this could be a very rich discovery.

About Orofino Gold Corp. (ORFG)

Orofino Gold is a precious metals acquisition, exploration, and development company. The Company acquires and explores strategically-located precious metals properties in the historically rich gold bearing jurisdictions of Colombia and Mexico. To this end OROFINO has signed an option agreement to acquire several properties in Colombia. The Company is listed on the Pink Sheets under the symbol ORFG.

 
J.D. Power and Associates 2010 Gas Utility Business Customer Satisfaction Study Ranks NW Natural the Highest in the West Region PDF Print E-mail
Thursday, 25 March 2010 14:01

NW Natural (NYSE: NWN) ranked highest in the West region in the J.D. Power and Associates 2010 Gas Utility Business Customer Satisfaction Study. Now in its 5th year, the study ranks business customer satisfaction with their gas utility company in 4 regions: East, Midwest, South and West.

There are 6 factors included when ranking the businesses, which are; billing and payment, corporate citizenship; price; communications; customer service; and field service.

Gas utility companies which provide payment assistance to business customers that ask for it achieve a large lift in overall satisfaction, especially when the company initially contacts the business.

NW Natural is headquartered in Portland, Ore., and serves more than 667,000 residential and business customers in Oregon and Southwest Washington. It is the largest independent natural gas utility in the Pacific Northwest.

Orofino Gold Corp. - Major Gold Find To Be Verified

 

HONG KONG, China, March 25 - Orofino Gold Corp. (ORFG) ("Orofino Gold" or the "Company") is pleased to announce that the initial results from the first Qualified Persons, NI 43-101 Compliant, review of existing exploration and field data as well as a recent field visit were considered to be exceptional and due to this development, Orofino Gold Corp's Managing Director has taken the initiative to consult additional independent geologists to validate and verify the findings. The verification of the results is to take place on or before April 15, 2010.

All shareholders will be kept abreast of the process and will be informed upon completion of this verification. When the findings are confirmed by independent geologists, shareholders will be extremely pleased. As the price of gold today is nearing $1100 USD/OZ this could be a very rich discovery.

About Orofino Gold Corp. (ORFG)

Orofino Gold is a precious metals acquisition, exploration, and development company. The Company acquires and explores strategically-located precious metals properties in the historically rich gold bearing jurisdictions of Colombia and Mexico. To this end OROFINO has signed an option agreement to acquire several properties in Colombia. The Company is listed on the Pink Sheets under the symbol ORFG.

 
Adobe (NASDAQ: ADBE) Reports Drop in 1Q Earnings PDF Print E-mail
Thursday, 25 March 2010 13:53

Adobe Systems Inc. (NASDAQ: ADBE) reported Tuesday that its fiscal first-quarter earnings declined on higher expenses, but sales climbed as demand for its design and publishing software improved, according to Associated Press.

The results surpassed Wall Street's expectations.

Adobe also gave a strong forecast for the current quarter and announced that it would launch a key software upgrade by early June.

Adobe earned $127.2 million, or 24 cents per share, in the three months that ended March 5, which is down 19 percent from a year earlier.

Excluding items such as stock compensation costs, Adobe earned 40 cents per share in the latest quarter, above the 37 cents that analysts polled by Thomson Reuters were expecting.

Revenue rose 9 percent to $858.7 million, which also surpassed analysts' expectations.

The majority of Adobe's revenue comes from Creative Suite, its flagship software package which targets professional designers and developers. The company launched the most recent version, Creative Suite 4, in the fall of 2008.

For the current quarter, Adobe is forecasting a profit of 23 cents to 30 cents per share. Excluding items, the company expects to earn 39 cents to 44 cents per share, compared with analysts' expectations of 41 cents per share.

The company forecast revenue of $875 million, which is above Wall Street's predictions of $858.6 million, compared to $925 million in 2009.

In extended trading Tuesday after the results were announced, Adobe shares gained $1.98, or 5.6 percent, to $37.20. Earlier, it closed up 27 cents at $35.22.

Orofino Gold Corp. - Major Gold Find To Be Verified

 

HONG KONG, China, March 25 - Orofino Gold Corp. (ORFG) ("Orofino Gold" or the "Company") is pleased to announce that the initial results from the first Qualified Persons, NI 43-101 Compliant, review of existing exploration and field data as well as a recent field visit were considered to be exceptional and due to this development, Orofino Gold Corp's Managing Director has taken the initiative to consult additional independent geologists to validate and verify the findings. The verification of the results is to take place on or before April 15, 2010.

All shareholders will be kept abreast of the process and will be informed upon completion of this verification. When the findings are confirmed by independent geologists, shareholders will be extremely pleased. As the price of gold today is nearing $1100 USD/OZ this could be a very rich discovery.

About Orofino Gold Corp. (ORFG)

Orofino Gold is a precious metals acquisition, exploration, and development company. The Company acquires and explores strategically-located precious metals properties in the historically rich gold bearing jurisdictions of Colombia and Mexico. To this end OROFINO has signed an option agreement to acquire several properties in Colombia. The Company is listed on the Pink Sheets under the symbol ORFG.

 


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