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Companies in the News
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Delta Air Lines Rings NYSE Bell from Atlanta May 3 Delta Air Lines Inc. signaled its return to the New York Stock Exchange by ringing the stock market’s opening bell from Hartsfield-Jackson Atlanta International Airport May 3. Delta led the opening and closing bell ceremonies that day to celebrate its emergence from Chapter 11 and to commemorate the sales of its new common stock trading under the ticker “DAL.” Ringing the opening bell in locations outside of New York is rare, Mark Frey, managing director of the New York Stock Exchange Group’s Global Corporate Client Service Group, told GlobalAtlanta at the opening ceremony. Delta also rang the bell for the May 3 closing ceremonies in New York. CEO Jerry Grinstein signaled his confidence in the company by purchasing 1,000 shares of new Delta stock. The company is making the initial distribution of its new common stock to unsecured creditors with allowed claims. As part of its previously announced comprehensive compensation program, Delta made its distribution of new common stock to approximately 39,000 non-contract employees. Delta emerged from Chapter 11 on April 30, 2007, following a successful 19-month restructuring during which the airline fundamentally transformed its business. The company’s Plan of Reorganization was confirmed in an order entered by the U.S. Bankruptcy Court for the Southern District of New York on April 25. Delta began trading on the stock exchange April 26 on a when-issued basis under the ticker symbol “DAL.WI”. Regular way trading began May 3 under the ticker symbol “DAL”. For more information, visit news.delta.com.
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Atlanta Law Firm Hosts EMBA Students from Nankai, China Kilpatrick Stockton LLP and Kennesaw State University hosted 27 executive master’s of business administration students visiting from Nankai University, in Nankai, China, last week. The law firm held a business symposium and reception for the students who represented Chinese businesses from the manufacturing, construction, pharmaceutical, and banking industries. The students participated in a discussion concerning legal issues Chinese companies face when conducting business in the U.S. Some of the topics addressed included considerations for market entry in the U.S., product liability and copyrights and trade secrets. The meeting is one of a series of similar meetings the law firm plans on organizing for its clients doing business between the U.S. and China. For more information, visit www.kilpatrickstockton.com.
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Atlanta-based Internet Security Business Partners with Like Company from Israel Reflex Security, an Atlanta-based developer of network intrusion prevention systems, has formed a partnership with Ra'anana, Israel-based Insightix to improve its Internet security offerings. Insightix’s products allow information technology professionals to reduce their response times to help desk inquiries and better secure and manage a company’s Internet network. They include comprehensive reporting tools that help to efficiently manage and prevent network attacks. Insightix is scheduled to discuss its products and issues facing Internet security at a Tuesday, May 8, seminar in Atlanta held 5:30-7:30 p.m. at 4111 Northside Parkway in Atlanta. The seminar is being co-organized by the American-Israel Chamber of Commerce, Southeast Region. Reflex was founded in Atlanta in 2000 by Hezi Moore, an expert in network intrusion prevention. Reflex products help companies reach compliance with recently enacted regulations such as Sarbenes-Oxley, the Federal Information Security Management Act and others. For more information on the company, visit www.reflexsecurity.com
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