CIB Marine Bancshares 3Q losses widen Nov 14, 2009
The plan converts debt issued in conjunction with the company s trust preferred securities offerings into equity in the form of its non-cumulative perpetual preferred stock. Our third-quarter results are not surprising for those who have been following our process toward reorganization, but now, with the plan confirmed by the court and in motion, we are working to return CIB Marine Bancshares to profitability in 2010, said president and CEO John Hickey Jr.. (Milwaukee Business Journal, WI)
Anchor BanCorp Wisconsin Inc. Announces Second Quarter Results, Significant Reduction in Charge-Offs Nov 14, 2009
-------------------------------------------------------------------- ANCHOR BANCORP WISCONSIN INC. FINANCIAL HIGHLIGHTS -------------------------------------------------------------------- (Dollars in thousands - except per share amounts) (Unaudited) Three Months Ended Six Months Ended September 30, September 30, -------------------- -------------------- 2009 2008 2009 2008 -------------------- -------------------- Operations Data: Net interest income $ 18,939 $ 29,954 $ 43,854 $ 63,375... (Primezone Releases)
Ascent Media Corporation Announces Financial Results for Quarter Ended September 30, 2009 Nov 14, 2009
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Brazil Infrastructure Cracks Exposed After Wind, Lightning Cause Blackout Nov 13, 2009
Preferred stock in state- run Centrais Eletricas Brasileiras SA, which owns the Brazilian stake in Itaipu, fell 1. 8 percent to 24. (Bloomberg -- Latin America)
Coastal Banking Company Reports Third Quarter 2009 Earnings Nov 13, 2009
Preferred stock, par value ... Preferred stock dividends. (Primezone Releases)
Vision-Sciences, Inc. Announces $6.2 Million in Revenue for the First Half of Fiscal 2010 Nov 13, 2009
VISION-SCIENCES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except per share data) Sept. 30, March 31, ------------------ 2009 2009 -------- -------- ASSETS (unaudited) Current assets: Cash and cash equivalents $ 661 $ 1,975 Short-term investments 4,431 7,948 Accounts receivable, net of allowance for doubtful accounts of $310 and $283, respectively 1,851 1,818 Inventories, net 5,349 5,486 Prepaid expenses and other current assets 404 397 Current assets of... (Primezone Releases)
Gaming Partners International Reports Financial Results for the Third Quarter and Nine Months of 2009 Nov 13, 2009
"About Gaming Partners International CorporationGPIC manufactures and supplies (under the brand names of Paulson, Bourgogne et Grasset and Bud Jones) casino chips, including plaques and jetons and low frequency and high frequency RFID chips, low and high frequency RFID readers, table layouts, playing cards, dice, gaming furniture, roulette wheels, table accessories, and other products that are used with casino table games such as blackjack, poker, baccarat, craps, and roulette. GPIC is... (Yahoo! Wire -- Entertainment News)
NTN Buzztime, Inc. Announces Third Quarter Results Nov 13, 2009
NTN BUZZTIME, INC. AND SUBSIDIARIES Condensed Consolidated Balance Sheets (Unaudited) (In thousands, except share data) September December 30, 31, 2009 2008 ------ ------ ASSETS Current assets: Cash and cash equivalents $3,217 $3,362 Accounts receivable, net of allowances of $328 and $298, respectively 1,106 636 Investments available-for-sale 180 58 Prepaid expenses and other current assets 719 611 --- --- Total current assets 5,222 4,667 Broadcast equipment and fixed assets, net 3,748 3,428... (Yahoo! Wire -- Entertainment News)
Cytomedix Reports Third Quarter Financial Results Nov 12, 2009
CYTOMEDIX, INC. BALANCE SHEETS September 30, December 31, 2009 2008 ------------ ------------ (unaudited) ASSETS Current assets Cash $ 2,753,894 $ 4,027,026 Short-term investments, restricted 52,500 -- Accounts and royalties receivable, net 500,991 390,739 Patent settlements receivable -- 102,618 Prepaid expenses, inventory, and other current assets 236,905 190,720 ------------ ------------ Total current assets 3,544,290 4,711,103 Property and equipment, net 93,747 87,389 ------------... (Primezone Releases)
Community Central Bank Corporation Announces Q3 Results Nov 11, 2009
David A. Widlak, President and CEO commented, "Our third quarter performance continues to reflect weakness in our economy as it affects parts of our loan portfolio. Partially offsetting the increased provision expense were increases in net interest income and in mortgage banking revenue. We are focusing on strategies to preserve and increase capital, and grow segments of operations that are capital efficient, such as our mortgage banking operations, our branch deposit operations as well as our... (Primezone Releases)
Adams Golf Announces Results for Third Quarter 2009 Nov 11, 2009
ADAMS GOLF, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share amounts) ASSETS September 30, December 31, 2009 2008 ------------- ------------- (unaudited) Current assets: Cash and cash equivalents $ 11,407 $ 5,960 Trade receivables, net of allowance for doubtful accounts of $1,537 (unaudited) and $1,321 in 2009 and 2008, respectively 16,250 14,743 Inventories, net 20,610 33,611 Prepaid expenses 455 908 Other current assets 190 29 ------------- -------------... (Primezone Releases)
Edge Petroleum Announces Results for Third Quarter Of 2009 Nov 10, 2009
75% series A cumulative convertible perpetual preferred stock (the "Convertible Preferred Stock") would be delisted from the NASDAQ at the opening of business on October 13, 2009 pursuant to the NASDAQ's Listing Rules 5100, 5110(b) and IM-5100-1, and that a Form 25-NSE would be filed with the SEC, which would remove our securities from listing and registration on the NASDAQ. According to the Notice, the determination to delist our securities was based on (i) the announcement by us on October 2,... (Primezone Releases)
Horizon Financial Reports Second Quarter Fiscal 2010 Results and Form 10-Q Filing Nov 10, 2009
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Westwood One, Inc. Reports Results for the Third Quarter 2009 Nov 10, 2009
Successor Company Predecessor Company Combined Total ================= =================== ============== For the For the For the Period Period Nine months ended April 24, 2009 to January 1, 2009 to September 30, 2009 September 30, 2009 April 23, 2009 -------- -------- -------- NET REVENUE $136,518 $111,474 $247,992 -------- -------- -------- Operating Costs 127,039 111,580 238,619 Depreciation and Amortization 13,909 2,585 16,494 Corporate General and Administrative Expenses 5,337 4,248 9,585... (Yahoo! Wire -- Entertainment News)
Live Nation Reports Strong Third Quarter 2009 Results Nov 10, 2009
CONSOLIDATED BALANCE SHEETS September 30, December 31, 2009 2008 ---- ---- (unaudited) (audited) ASSETS (in thousands) CURRENT ASSETS Cash and cash equivalents $258,089 $199,660 Accounts receivable, less allowance of $5,914 as of September 30, 2009 and $10,376 as of December 31, 2008 324,835 217,286 Prepaid expenses 330,985 194,355 Other current assets 40,405 28,517 ------ ------ Total Current Assets 954,314 639,818 PROPERTY, PLANT AND EQUIPMENT Land, buildings and improvements 1,006,324 990,433... (Yahoo! Wire -- Entertainment News)
Fed says most banks have ample reserves Nov 10, 2009
The Fed said the 10 companies raised common equity or other eligible securities of $39 billion, and converted preferred stock to common stock in the amount of $23 billion ... The Fed said the 10 companies raised common equity or other eligible securities of $39 billion, and converted preferred stock to common stock in the amount of $23 billion. (New York Post -- Business)
Lionsgate Reports Net Income of $31.7 Million and Adjusted EBITDA of $54.4 Million for Second Quarter of Fiscal 2010 Compared to Net Loss of $51.8 Million and Adjusted EBITDA of Negative $35.9 Million in Prior Year's Second Quarter Nov 10, 2009
LIONS GATE ENTERTAINMENT CORP. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET September 30, March 31, 2009 2009 ------------- --------- (Amounts in thousands, except share amounts) ASSETS Cash and cash equivalents $112,652 $138,475 Restricted cash 9,896 10,056 Restricted investments 6,999 6,987 Accounts receivable, net of reserve for returns and allowances of $89,645 (March 31, 2009 - $98,947) and provision for doubtful accounts of $8,667 (March 31, 2009 - $9,847) 231,975 227,010 Investment in... (Yahoo! Wire -- Entertainment News)
Citigroup Asset Guarantees May Cost U.S. Taxpayers as Unemployment Rises Nov 9, 2009
06 billion of preferred stock to the Treasury Department and FDIC. The Treasury has not detailed how the price or deductible was determined, as it was supposed to under the Emergency Economic Stabilization Act of 2008, the panel said. inspector general of the Treasury Departments $700 billion TARP bailout, began a of the guarantees in July. (Bloomberg -- US)
Auto Club salutes 3 hotels and 1 restaurant ... Nov 8, 2009
The San Diego company said investors bought 433,000 units, each consisting of 50 shares of the company's Series B preferred stock and 25 warrants to buy one share of common stock at an exercise price of 30 cents. SpectraScience said investors bought the units between May and October. (San Diego Union-Tribune)
Freddie Mac Posts $5 Billion Loss Nov 8, 2009
3 billion dividend payment on senior preferred stock bought by the Treasury in previous quarters, Freddie Mac's third-quarter loss increases to $6. 3 billion. (ABC News -- Wire)
Rosetta Resources Inc. Announces Third Quarter 2009 Results and Provides Update On Emerging Plays Nov 7, 2009
3 million at December 31, 2008 were excluded from amortization 1,983,514 1,900,672 Other fixed assets 11,915 9,439 ----------- ----------- 1,995,429 1,910,111 Accumulated depreciation, depletion, and amortization, including impairment (1,427,711) (935,851) ----------- ----------- Total property and equipment, net 567,718 974,260 Deferred loan fees 5,401 1,168 Deferred tax asset 175,964 42,652 Other assets 2,138 6,278 ----------- ----------- Total other assets 183,503 50,098 -----------... (Primezone Releases)
Scotia Capital Expects `Active' Year for Mining Mergers, New Stock Sales Nov 7, 2009
The firm ranks third this year in Canadian equity, equity-linked and preferred stock sales, according to Bloomberg data, up from sixth place in 2006. The bank ranks 18th for announced mergers by value this year, according to Bloomberg data. (Bloomberg -- Canada)
GMX Resources Inc. Reports Third Quarter 2009 Financial and Operating Results and Guidance Nov 6, 2009
GMX Resources Inc. and Subsidiaries Consolidated Balance Sheets (dollars in thousands, except share data) Dec. 31, Sept. 30, 2008 2009 -------- -------- ASSETS (as adjusted)(1) (Unaudited) CURRENT ASSETS Cash and cash equivalents $ 6,716 $ 4,192 Accounts receivable--interest owners 576 1,272 Accounts receivable--oil and gas revenues, net 9,145 6,585 Derivative instruments 21,325 14,677 Inventories 691 532 Prepaid expenses and deposits 2,040 2,987 -------- -------- Total current assets 40,493... (Primezone Releases)
U.S. Should Give More Detail on Citigroup Guarantee, Oversight Panel Says Nov 6, 2009
3 billion in preferred stock for the guarantees that were provided last November. Bank of America, which was given guarantees on $118 billion of assets this year in connection with its takeover of Merrill Lynch & Co., never signed the agreement. (Bloomberg)
Triumph HealthCare, RehabCare to merge Nov 5, 2009
RehabCare said the deal will be financed using a combination of bank financing, equity and/or seller financing in the form of convertible preferred stock of RehabCare and cash on hand. The transaction is expected to close on or about Dec. 1. (Houston Business Journal, TX)
Whole Foods profit jumps; outlook weighs on shares Nov 5, 2009
But the modest outlook, along with news that its recent investor Leonard Green & Partners is expected to convert $425 million of its preferred stock this month, increasing the number of common shares outstanding by about 29. 7 million, left some investors jittery. (KHOU.com, TX)
Unilever reports 36 percent fall in Q3 profit Nov 5, 2009
After paying preferred stock dividends, El Paso reported net income of $58 million, or 8 cents per share, compared with profit of $436 million, or 58 cents per share, in the year-ago quarter. Whole Foods profit jumps; outlook weighs on shares. (Fresno Bee -- Business)
El Paso Posts Big 3Q Profit Plunge, Cuts Dividend Nov 4, 2009
After paying preferred stock dividends, El Paso reported net income of $58 million, or 8 cents per share, compared with profit of $436 million, or 58 cents per share, in the year-ago quarter. Excluding special items, including write-downs related to the changing value of commodity contracts, the company reported profit of 23 cents per share, down from 35 cents in 2008. (ABC News -- Wire)
Buffett Joins Goldman Bid for Fannie Mae Tax Credits Nov 4, 2009
Buffett injected $9 billion into Goldman last fall through purchases of preferred stock. The credits are worth little to Fannie Mae, which also records losses each quarter as their value declines. (ABC News -- Wire)
RehabCare to buy Triumph HealthCare for $570 million Nov 4, 2009
RehabCare said it plans to finance the transaction through a combination of committed bank financing, equity and/or seller financing in the form of convertible preferred stock of RehabCare and cash on hand. and have provided a commitment for a new senior secured credit facility consisting of a $500 million term loan and a $125 million revolving credit facility. (St. Louis Business Journal, MO)
Eureka Financial has 4Q earnings of $171K Nov 4, 2009
6 million related to an other-than-temporary impairment charge on Eureka s and preferred stock holdings at Sept. 30, 2008. The deferred tax benefit was not recorded until Eureka s first fiscal quarter of 2009 as a result of the Emergency Economic Stabilization Act of 2008 not being enacted into law until Oct. 3, 2008. (Pittsburgh Business Times, PA)
RedHawk buys Xxtreme Group for $66 million Nov 4, 2009
Oilfield services company Xxtreme Group LLC has been acquired by RedHawk Energy Corp. for $66 million in cash, preferred stock and assumed debt. Houston-based Xxtreme Group comprises Exxtreme Pipe Services LLC, Xxtreme Pipe Storage LLC; Xxtreme Tubular Processors LLC, and Wolf Pack Rentals LLC, and has operations in Texas, Oklahoma, Arkansas and West Virginia. (Houston Business Journal, TX)
Discovery Communications Reports Third Quarter 2009 Results Nov 4, 2009
DISCOVERY COMMUNICATIONS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited; dollars in millions) September 30, December 31, 2009 2008(a) ASSETS Current assets: Cash and cash equivalents $401 $100 Receivables, net of allowances of $16 and $16, respectively 775 780 Content rights, net 76 73 Prepaid expenses and other current assets 165 156 Total current assets 1,417 1,109 Noncurrent content rights, net 1,225 1,163 Property and equipment, net 417 395 Goodwill 6,438 6,891 Intangible assets, net... (Yahoo! Wire -- Entertainment News)
Six Flags Announces Third Quarter and Nine Month Results and Reaffirms 2009 Adjusted Ebitda Forecast of $190 Million Nov 3, 2009
It is expected that the Company's existing common and preferred stockholders as well as certain unsecured creditors will have their claims compromised by order of the Court ... 58 ========= ======== ======== ======== Amounts attributable to Six Flags, Inc.: Income (loss) from continuing operations $139,898 $142,514 $(115,116) $98,844 Discontinued operations $3,442 $(789) $1,478 $(15,765) --------- -------- -------- -------- Net income (loss) $143,340 $141,725 $(113,638) $83,079 =========... (Yahoo! Wire -- Entertainment News)
Bank of Florida plans $135 million stock offering Nov 3, 2009
Some proceeds would be used to redeem shares of Series B preferred stock, the filing said. Underwriters on the offering are , , Allen & Co. LLC and. (Tampa Bay Business Journal, FL)
IBC weathers poor economy in the third quarter Nov 3, 2009
Excluding preferred stock dividends and amounts related to warrants issued to the U.S. Treasury, IBC would have reported net income of $37 million, an increase of 9. 1 percent. (San Antonio Business Journal, TX)
* CIT files for Chapter 11 in New York Nov 3, 2009
CITs move will wipe out current holders of its common and preferred stock. That means the US government will likely lose the US$2. (Taipei Times, Taiwan -- World)
Neoprobe loses $25M on accounting charges Nov 3, 2009
5 million in charges tied to the market value of notes, preferred stock and common stock warrants it has issued in financing deals. The company said that following millions of dollars in charges in the second and third quarter, its balance sheet as of Sept. 30 reflected the face value of notes it has issued to of New York, a key investor. (Columbus Business First, OH)
Commercial lending giant CIT files bankruptcy Nov 3, 2009
CIT's move will wipe out current holders of its common and preferred stock, likely meaning the U.S. government will lose the $2. 3 billion it sunk into CIT last year to prop up the ailing company. (MSNBC -- Business)
CIT strikes deals in struggle for survival Nov 3, 2009
Early this month, CIT announced an exchange offer, in which it would swap its outstanding bonds for new debt with later maturities, as well as preferred stock. The exchange offer, in which CIT sought a high acceptance rate, had almost certainly failed, the people who had been briefed said. (Sydney Morning Herald -- Business)
Energy XXI Reports Fiscal First-Quarter Results and Provides Operational Update Nov 3, 2009
52 Weighted Average Number of Common Stock Outstanding Basic 145,755 144,783 Diluted 145,755 144,783 ENERGY XXI (BERMUDA) LIMITED CONSOLIDATED BALANCE SHEETS (In Thousands, except share information) Sept. 30, June 30, 2009 2009 ----------------------- ASSETS (Unaudited) Current Assets Cash and cash equivalents $ 107,301 $ 88,925 Restricted cash 526 -- Accounts receivable Oil and natural gas sales 29,964 40,087 Joint interest billings 16,642 17,624 Insurance and other 47,004 2,562 Prepaid... (Primezone Releases)
iMergent Reports Fiscal First Quarter 2010 Financial Results -- Correction Nov 3, 2009
Steven G. Mihaylo, Chief Executive Officer of iMergent, stated, "We are pleased with these results, particularly since the first fiscal quarter is typically our slowest quarter of the year. The fiscal first quarter normally includes seasonal weakness due to summer vacations which inhibit our ability to conduct events during the first several weeks of July. Our cost saving initiatives and cost controls continue to improve which were instrumental in enabling us to obtain profitability in our first... (Primezone Releases)
YRC Worldwide could get new owners Nov 3, 2009
5 percent notes, plus accrued and unpaid interest, for shares of YRC common stock and new class A convertible preferred stock. If the preferred stock were converted and combined with the common stock allotment, the noteholders would hold 95 percent of the company s common stock ... A Monday filing with the Securities and Exchange Commission detailed a plan to convert preferred stock to common stock, contingent on shareholder approval. (St. Louis Business Journal, MO)
CIT Group goes bankrupt Nov 2, 2009
CIT's move will wipe out current holders of its common and preferred stock, likely meaning the U.S. government will lose the $2 ... CIT's move will wipe out current holders of its common and preferred stock, likely meaning the U.S. government will lose the $2. (New York Post -- Business)
CIT Files for Bankruptcy; U.S. Is Unlikely to Recoup $2.3 Billion Bailout Nov 2, 2009
Shareholders may be wiped out as common and preferred stock is likely to be canceled when the company ends its reorganization ... CIT had said in its Oct. 2 outline of a prepackaged plan that it would give most noteholders new notes at 70 cents on the dollar plus new common stock, compared with the range of 70 cents to 90 cents and new preferred stock proposed in the exchange offer ... 3 billion from the Treasury on Dec. 31, giving the U.S. preferred stock and warrants. (Bloomberg -- US)
Studio featured on 'Queer Eye' ready to sell its shares Nov 1, 2009
Its filing with the Securities and Exchange Commission placed the authorized share volume at 30 million shares of common stock and 10 million shares of preferred stock at undisclosed values. The planned IPO "is something we've been working toward. We're excited about our potential," Chief Financial Officer David Barnard said. (Yahoo News -- Queer Eye for the Straight Guy)
West Coast Bancorp receives cease and desist order, raises $155M Nov 1, 2009
But he also forecast that the bank s issuance of preferred stock will allow West Coast Bank to begin lending after a long period of retrenchment ... Investors purchased preferred stock that can be converted to 77. (The Business Journal of Portland, OR)
Feds seize parent of San Diego National Nov 1, 2009
Owned by Chicago billionaire Mike Kelly, FBOP became troubled after purchasing preferred stock in the quasi-governmental mortgage lenders Fannie Mae and Freddie Mac. It owned about $850 million in Fannie and Freddie preferred shares, which became worthless after the federal government took over the mortgage giants late last year. (San Diego Union-Tribune)
Puget Sound Bank Posts Record Profits; Earnings More Than Triple in 3Q09 Oct 31, 2009
11 (1) Includes preferred stock dividends and warrants expense not included in net income. (2) The efficiency ratio is calculated by dividing total noninterest expense by total revenue, so a lower number is generally better. (Primezone Releases)
Bank of Virginia Announces Third Quarter 2009 Earnings Oct 31, 2009
71% BANK OF VIRGINIA Balance Sheets September 30, December 31, 2009 2008 Unaudited Audited ------------- ------------- Assets Cash and due from banks $ 3,204,538 $ 2,608,500 Federal funds sold and interest- bearing balances with banks 4,177,664 42,194 ------------- ------------- 7,382,202 2,650,694 Securities available for sale, at fair market value 44,010,046 39,474,175 Restricted securities 1,531,200 1,534,550 Loans, net of allowance for loan losses of $4,476,947 in 2009 and $2,942,988 in 2008... (Primezone Releases)
Valley Commerce Bancorp posts higher profit Oct 31, 2009
Per-share income is down from 54 cents a share, mostly because of dividends paid for shares of preferred stock bought by the U.S. Treasury under the Capital Purchase Program. A few rules are needed to help foster a feeling of community. (Fresno Bee)
Syntroleum Announces Third Quarter 2009 Financial Results Oct 31, 2009
SYNTROLEUM CORPORATION AND SUBSIDIARIES UNAUDITED CONSOLIDATED BALANCE SHEETS (in thousands) Sept. 30, Dec. 31, 2009 2008 -------- -------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 15,162 $ 10,101 Restricted cash 502 -- Accounts receivable 6,585 517 Other current assets 212 272 -------- -------- Total current assets 22,461 10,890 PROPERTY AND EQUIPMENT - at cost, net 174 187 INVESTMENT IN DYNAMIC FUELS, LLC 19,473 17,486 OTHER ASSETS, net 10,246 10,275 -------- -------- $ 52,354 $... (Primezone Releases)
Studio featured on 'Queer Eye' ready to sell its shares Oct 31, 2009
Its filing with the Securities and Exchange Commission placed the authorized share volume at 30 million shares of common stock and 10 million shares of preferred stock at undisclosed values. The planned IPO "is something we've been working toward. We're excited about our potential," Chief Financial Officer David Barnard said. (Yahoo News -- Queer Eye for the Straight Guy)
The Washington Post Company Reports Third Quarter Earnings Oct 31, 2009
Redeemable preferred stock dividends ... Redeemable preferred stock dividends. (Yahoo! Wire -- Entertainment News)
EDCI Holdings, Inc. Announces 3Q2009 and YTD 3Q2009 Results Oct 31, 2009
EDCI HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS September 30, December 31, 2009 2008 (unaudited) ----------- ----------- (In thousands, ASSETS except share data) Current Assets: Cash and cash equivalents $78,357 $75,112 Restricted cash 2,452 7,258 Accounts receivable, net of allowances for doubtful accounts of $2,913 and $3,008 for September 30, 2009 and December 31, 2008, respectively 14,541 19,129 Current portion of long-term receivable 1,256 599 Inventories, net 6,424 4,845... (Yahoo! Wire -- Entertainment News)
FBOP fails, U.S. Bancorp buys Oct 31, 2009
The failure of the Oak Park-based bank brings to a close a drama that began more than a year ago, when the federal government seized mortgage giants Fannie Mae and Freddie Mac during the height of the financial panic, wiping out more than $800 million in Fannie and Freddie preferred stock held by FBOP. That put the $18. 6-billion-asset bank holding company, owned solely by CEO , into a capital hole it couldnt fill. (Crain's Chicago Business)
Albina Community Bancorp Reports First Quarter Loss; Pre-Tax, Pre-Provision Earnings Increase 72% Oct 31, 2009
Albina Community Bancorp Balance Sheet (Dollars in thousands) As of the Date Ended ---------------------------------------- Sept. 30, June 30, Sept. 30, Annual 2009 2009 2008 %Change ---------------------------------------- (unaudited)(unaudited)(unaudited) ASSETS Cash and due from banks $ 469 $ 434 $ 496 -6% Interest-bearing deposits 12,616 7,596 4,074 210% Federal funds sold 94 121 8,698 -99% ------------------------------- Total cash and cash equivalents 13,179 8,151 13,268 -1% Time deposits... (Primezone Releases)
> BANKING UPDATE: Court clears CIB Marine reorganization plan Oct 30, 2009
The plan involves exchanging shares of the holding company s preferred stock for the debentures issued by the holding company in conjunction with its trust preferred securities offerings ... This summer, the company proposed a plan to reduce expenses, lessen debt and strengthen the company by effectively converting debt issued in conjunction with its trust preferred securities offerings into equity in the form of its non-cumulative perpetual preferred stock. (Milwaukee Business Journal, WI)
Las Vegas Sands Corp. Declares Quarterly Dividend on Preferred Stock Oct 30, 2009
50 per share on its 10% Series A Cumulative Perpetual Preferred Stock to stockholders of record at the close of business on October 30, 2009. The dividend payment will be made on November 16, 2009, the first business day following the November 15, 2009 dividend payment date specified in the Certificate of Designations for the preferred stock. (Yahoo! Wire -- Entertainment News)
Las Vegas Sands Corp. Reports Third Quarter 2009 Results Oct 30, 2009
8 million reflects the increase in income tax expense, which included the recording of a valuation allowance during the quarter on certain of our United States deferred tax assets, as well as increases in preferred stock dividends and accretion on preferred stock, partially offset by an increase in operating income ... In fact, we put more future group room nights on the books this quarter than we have during any other 90-day period in our history," stated Leven.The following table summarizes... (Yahoo! Wire -- Entertainment News)
PVF Capital Corp. Announces Quarterly Earnings Oct 30, 2009
In the three-month period ended September 30, 2008, the Company recorded an impairment loss on FHLMC and FNMA preferred stock totaling $1. 7 million. (Primezone Releases)
Tower Financial Corporation Reports Third Quarter Results Oct 30, 2009
8 million capital raise from the sale of Series A Convertible Preferred Stock as previously disclosed in our Form 8k filing on September 28, 2009, and an increase of $1 ... 8 million in convertible preferred stock sold to insiders and previously disclosed in our 8k filing of September 28, 2009 ... Tower Financial Corporation Consolidated Balance Sheets At September 30, 2009 and December 31, 2008 (unaudited) (unaudited) September 30 December 31 2009 2008... (Primezone Releases)
Capital plan: Bay Cities Bank launches new offering Oct 30, 2009
45 percent dividend paid on the preferred stock and warrants issued to the Treasury in return for TARP funding is cheap capital and complying with TARP requirements has not been a burden to this point. Bay Cities was told only to use the funds to cushion against losses and to make loans, and it has done both, Bryant said. (Tampa Bay Business Journal, FL)
Otter Tail Corporation Announces Third Quarter Earnings; Board of Directors Declares Dividend Oct 30, 2009
The Board also declared quarterly dividends on the corporation's four series of preferred stock, payable December 1, 2009, to shareholders of record on November 13, 2009 ... We are committed to maintaining a strong balance sheet and an appropriate cost structure that provide Otter Tail Corporation with significant financial flexibility," said Moug. Segment Performance Summary Electric Electric revenues and net income were $73.6 million and $9.5 million, respectively, for the quarter ended... (Primezone Releases)
Stock questions? Ask Matt Oct 29, 2009
Preferred stock: Finding the ticker symbol is easy - USATODAY.com ... Preferred stock: Finding the ticker symbol is easy ... Q: How can I find symbols for preferred stocks like Ford. (USA Today -- Money)
