Press Releases

SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)-- Exelixis, Inc. (NASDAQ: EXEL) today announced that Michael M. Morrissey, Ph.D., the company’s president and chief executive officer, will present at the 14th annual BIO CEO & Investor Conference at 8:30 a.m. EST / 5:30 a.m. PST on Tuesday, February 14, 2012, in New York. During the presentation, Dr. Morrissey will discuss the company’s development program and plans for cabozantinib, and review the most recent publicly available data for the compound. He will also provide a general business update, including the company’s financial outlook for 2012.

The presentation will be webcast and may be accessed in the Event Calendar page under Investors at www.exelixis.com.

About Exelixis

Exelixis, Inc. is a biotechnology company committed to developing small molecule therapies for the treatment of cancer. Exelixis is focusing its proprietary resources and development efforts exclusively on cabozantinib (XL184), its most advanced product candidate, in order to maximize the therapeutic and commercial potential of this compound. Exelixis believes cabozantinib has the potential to be a high-quality, broadly-active, differentiated pharmaceutical product that can make a meaningful difference in the lives of patients. Exelixis has also established a portfolio of other novel compounds that it believes have the potential to address serious unmet medical needs, many of which are being advanced by partners as part of collaborations. For more information, please visit the company's web site at www.exelixis.com

Exelixis, Inc.Charles Butler, 650-837-7277Vice PresidentInvestor Relations and Corporate Communicationscbutler@exelixis.com

Source: Exelixis, Inc.

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has taken various conforming rating actions on enhanced municipal bonds and tender option bonds (TOBs) corresponding to actions taken on their associated enhancement providers or underlying bonds.

Long-term ratings on enhanced municipal bonds may be higher than those of their enhancement providers as discussed in Fitch's 'Dual-Party Pay Criteria for Long-Term Ratings on LOC-Supported U.S. Public Finance Bonds', dated March 10, 2011.

Short-term ratings on enhanced municipal bonds may be lower than those of their liquidity providers, as discussed in Fitch's 'Rating Guidelines for Variable-Rate Demand Obligations Issued with External Liquidity Support', dated Feb. 1, 2012.

Long-term ratings assigned to TOBs are the higher of the ratings assigned by Fitch to the applicable enhancement providers supporting the bonds and the ratings assigned by Fitch to the underlying bonds deposited in the issuing trust. Short-term ratings on TOBs, if assigned, are based on ratings assigned by Fitch to their liquidity providers, with consideration given to the TOBs' long-term ratings.

Please see the corresponding spreadsheet for a full list of rating actions.

Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and Related Research:

--'U.S. Municipal Structured Finance Rating Criteria' (April 25, 2011);

--'Rating Guidelines for Letter of Credit-Supported Bonds' (July 26, 2011);

--'Rating Guidelines for Variable-Rate Demand Obligations Issued with External Liquidity Support' (Feb. 1, 2012);

--'Dual-Party Pay Criteria For Long-Term Ratings on LOC-Supported U.S. Public Finance Bonds' (March 10, 2011);

--'Rating Guidelines for Commercial Paper Note Programs Issued with External Support' (April 11, 2011);

--'Guidelines for Rating Tender Option Bond Securities' (May 25, 2011).

Applicable Criteria and Related Research: Fitch Takes Various Rating Actions on Enhanced U.S. Municipal Bonds and TOBs

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=671731

U.S. Municipal Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=624129

Rating Guidelines for Letter of Credit-Supported Bonds

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=647311

Rating Guidelines for Variable-Rate Demand Obligations Issued with External Liquidity Support

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=668369

Dual-Party Pay Criteria for Long-Term Ratings on LOC-Supported U.S. Public Finance Bonds

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=611525

Guidelines for Rating Tender Option Bond Securities

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=632790

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Fitch RatingsPrimary AnalystJeff Schaub, +1-212-908-0680Managing DirectorFitch, Inc.33 Whitehall StreetNew York, NY 10004orSecondary AnalystFerona Leonard, +1-212-908-0541Senior DirectororMedia RelationsSandro Scenga, New York, +1-212-908-0278sandro.scenga@fitchratings.com

Source: Fitch Ratings

PEMBROKE, Bermuda, Feb. 10, 2012 (GLOBE NEWSWIRE) -- Endurance Specialty Holdings Ltd. (NYSE: ENH) a Bermuda-based provider of property and casualty insurance and reinsurance, today announced that David Cash, Chief Executive Officer, is scheduled to speak at the Bank of America Merrill Lynch 2012 Insurance Conference in New York. The presentation will take place on Wednesday, February 15, 2012 at 5:15 pm Eastern Time.

A live webcast will be available during the presentation, and the information will be archived for approximately 90 days, at the following website address:

http://www.veracast.com/webcasts/baml/insurance2012/id77057000.cfm

About Endurance Specialty Holdings

Endurance Specialty Holdings Ltd. is a global specialty provider of property and casualty insurance and reinsurance. Through its operating subsidiaries, Endurance writes property, casualty, healthcare liability, agriculture and professional lines of insurance and property, catastrophe, casualty, aerospace and marine, and surety and other specialty lines of reinsurance. We maintain excellent financial strength as evidenced by the ratings of A (Excellent) from A.M. Best (XV size category) and A (Strong) from Standard & Poor's. Endurance's headquarters are located at Wellesley House, 90 Pitts Bay Road, Pembroke HM 08, Bermuda and its mailing address is Endurance Specialty Holdings Ltd., Suite No. 784, No. 48 Par-la-Ville Road, Hamilton HM 11, Bermuda.  For more information about Endurance, please visit http://www.endurance.bm.

CONTACT: Investor relations
         Phone: (441) 278-0988
         Email: investorrelations@endurance.bm

Reports 2011 Revenue of $2.1 Billion, 11 Percent Growth Over Prior Year

WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- ITT Corporation (NYSE: ITT) today announced it is rescheduling the release of its 2011 full-year and fourth-quarter earnings and 2012 guidance to Feb. 29, due to the complexities and time required to process and review historical financial data following the spin off of ITT’s defense and water businesses.

ITT also reported that 2011 revenue grew 11 percent to $2.1 billion.

ITT's senior management will host a conference call for investors on Feb. 29 at 9 a.m. Eastern Standard Time to review 2011 fourth-quarter and full-year performance, provide a 2012 outlook and answer questions. As previously planned, the company will file its Annual Report on Form 10-K on the same day.

The briefing can be accessed live by calling +1 (706) 643-7542 (ID#: 37253569) or at the following address on the company’s website: www.itt.com/investors.

A replay of the briefing will be available on the website and telephonically from two hours after the webcast until Wednesday, March 7, 2012, at midnight. The telephone replay is available by calling (800) 585-8367 (ID#: 37253569).

About ITT

ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for growing industrial end-markets in energy infrastructure, electronics, aerospace and transportation. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. Founded in 1920, ITT is headquartered in White Plains, N.Y., with employees in more than 15 countries and sales in more than 125 countries. The company generated 2011 revenues of approximately $2 billion. For more information, visit www.itt.com.

ITT CorporationInvestors:Melissa Trombetta, +1 914-641-2030melissa.trombetta@itt.comorMedia:Kathleen Bark, +1 914-641-2103kathleen.bark@itt.com

Source: ITT Corporation