Fannie Whacked Aug 19, 2008
Despite the massive relief effort mobilized by the Bush administration, investors remain spooked that any capital intervention/infusion by the Treasury Department in the form of purchasing preferred stock would come at a heavy price for other investors. And though both companies insist they have capital reserves above the minimum required by their regulator, investors and analysts fear those funds are not enough to withstand further losses and that the "two companies may not be able to raise... (Slate)
WLG Inc. Reports 2008 First Half Results -- Revenues Up 83% and Operating Income Up 45% Over Same Period in 2007 Aug 18, 2008
The following table reconciles WLG's EBITDA with net income applicable to common stock as derived from WLG's unaudited financial statements for the six months ended June 30, 2007 and 2008: WLG Inc. Reconciliation of Non-GAAP Measures For the six months ended June 30 2007 2008 $('000) $('000) Net income applicable to common stock 314 217 Add back: Dividends on preferred stock 45 45 Income taxes 211 227 Interest expense 205 439 Interest income (33) (22) Depreciation and amortization 487 639 Total... (PR Newswire)
Cell Therapeutics, Inc.'s Second Quarter 2008 Financial Results Aug 18, 2008
4434 E: Cell Therapeutics, Inc. Condensed Consolidated Statements of Operations (In thousands, except for per share amounts) (unaudited) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Revenues: Product sales $2,870 $ - $6,244 $ - License and contract revenue 20 20 40 40 Total revenues 2,890 20 6,284 40 Operating expenses: Cost of product sold 767 - 1,657 - Research and development 15,857 16,516 31,712 31,802 Selling, general and administrative 11,518 7,590 22,692... (PR Newswire)
Losses on the decline at SendTec Aug 18, 2008
7 million debt into Series B preferred stock ... This followed a March exchange of 10,801 Series B preferred stock shares for $18 ... The remaining $11 million debt will automatically convert to Series B preferred stock if SendTec s minimum aggregate gross hits $5 million from sale of its common or Series B preferred stock by July 31, 2009. (Tampa Bay Business Journal, FL)
Amyris tops $90M in new funding Aug 18, 2008
The company has sold about $51 million in preferred stock in the Series B round, according to a filing with the Securities and Exchange Commission. The round is still open. (East Bay Business Times, CA)
US likely to recapitalise Fannie, Freddie: report Aug 18, 2008
Welcome to The Sydney Morning Herald. Skip directly to: Search Box, , , Text Version. (Sydney Morning Herald -- Business)
Studio featured on 'Queer Eye' ready to sell its shares Aug 17, 2008
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)
ShengdaTech, Inc. Announces Second Quarter Results Aug 16, 2008
21 Weighted Average Shares Outstanding: Basic 54,202,036 54,095,103 54,202,036 54,095,103 Diluted 58,809,297 54,257,388 56,505,666 54,257,388 SHENGDATECH, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) June 30, December 31, 2008 2007 Restated ASSETS Current Assets Cash and cash equivalents $138,208,349 $26,366,568 Trade accounts receivable, less allowance for doubtful accounts of $0 9,376,306 7,889,001 Other receivables 153,281 13,962 Advances to suppliers 94,589... (PR Newswire)
End nears in Facebook legal row Aug 15, 2008
Facebook said that figure should not be used to rate the company's worth as that valuation was specific to Microsoft's preferred stock and the business deal surrounding it. Facebook said its real valuation stood at $3-4bn. (BBC News)
Smart Move, Inc. Reports Second Quarter 2008 Revenue Increase Aug 15, 2008
Contact: Smart Move, Inc. Pete Bloomquist, 303-339-9558, Balance Sheet December 31, Condensed Balance Sheet June 30, 2008 2007 ASSETS (unaudited) Current assets: Cash and cash equivalents $156,433 $369,189 Accounts receivable trade, net of allowance of $32,000 and $45,000, respectively 282,028 80,112 Packing supplies 90,905 94,437 Contracts in process 952,258 517,485 Prepaids and other 132,866 146,259 Total current assets 1,614,490 1,207,482 Property and equipment, net 14,474,454 15,942,718... (PR Newswire)
Summit Financial Services Announces Second Quarter Results Aug 15, 2008
Marshall Leeds, the Company's Chairman, Chief Executive Officer and President, stated: "The second quarter of 2008 continued to represent a challenging environment for most financial service firms. The continued tightening of the credit markets, coupled with the current economic environment, continues to negatively affect investor confidence, and in turn Summit's earnings continue to be adversely affected. In spite of the current economic environment, Summit is committed to its long-term growth... (PR Newswire)
MPC Corporation Reports Unaudited Second Quarter 2008 Financial Results Aug 15, 2008
MPC CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands except share data) June 30, December 31, 2008 2007 (unaudited) ASSETS Current Assets Cash and cash equivalents $718 $9,009 Restricted cash 9,766 9,852 Accounts receivable, net 59,673 86,056 Inventories, net 97,796 62,050 Prepaid maintenance and warranty costs 7,627 10,699 Other current assets 1,492 1,146 Total Current Assets 177,072 178,812 Non-Current Assets Property and equipment, net 6,827 10,697 Goodwill 45,255 45,255... (PR Newswire)
ITC^DeltaCom Announces 2008 Second Quarter Results Aug 15, 2008
ITC^DeltaCom, Inc. Financial Highlights (Unaudited) (In thousands, except share and per share data) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 OPERATING REVENUES: Integrated communications services(1) $104,357 $100,101 $207,826 $197,460 Wholesale services 16,425 17,995 33,064 36,343 Equipment sales and related services(1) 4,766 5,476 9,441 11,603 TOTAL OPERATING REVENUES 125,548 123,572 250,331 245,406 COSTS AND EXPENSES: Cost of services and equipment, excluding... (PR Newswire)
DigitalFX International, Inc. Reports Second Quarter Results Aug 15, 2008
DigitalFX International, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (In thousands, except share data) June 30, December 31, 2008 2007 Assets (unaudited) Current assets: Cash and cash equivalents $946 $5,319 Accounts receivable 305 50 Inventories, net 571 849 Prepaid bandwidth charges, affiliate 237 51 Prepaid expenses and other assets 627 411 Deferred income taxes, net 360 45 Total current assets 3,046 6,725 Restricted cash - 2,000 Investment in and convertible secured... (PR Newswire)
Mexco Energy Corporation Reports Another Quarter of Record Earnings Aug 15, 2008
Mexco Energy Corporation and Subsidiaries CONSOLIDATED BALANCE SHEETS June 30, March 31, 2008 2008 (Unaudited) ASSETS Current assets Cash and cash equivalents $220,713 $303,617 Accounts receivable: Oil and gas sales 1,271,406 758,459 Trade 255,286 102,403 Related parties 1,834 12,659 Prepaid costs and expenses 48,846 22,062 Total current assets 1,798,085 1,199,200 Investment in GazTex, LLC - 20,509 Property and equipment, at cost Oil and gas properties, using the full cost method 24,578,655... (PR Newswire)
TIMET Declares Dividend on 6-3/4% Series A Preferred Stock and on Common Stock Aug 15, 2008
84375 per share on its 6-3/4% Series A Preferred Stock, payable on September 15, 2008 to stockholders of record as of the close of business on September 2, 2008. TIMET also announced that its board of directors has declared a quarterly dividend of. (PR Newswire)
Neuralstem Reports Second Quarter Financial Results and Highlights Aug 15, 2008
06) Average number of shares of common stock outstanding 32,109,858 29,024,012 BALANCE SHEETS June 30, December 31, 2008 2007 (Unaudited) ASSETS CURRENT ASSETS Cash $6,966,587 $7,403,737 Prepaid expenses 80,702 130,719 Total current assets 7,047,289 7,534,456 Property and equipment, net 175,238 136,920 Other assets 49,272 43,271 Intangible assets, net 127,228 111,406 Total assets $7,399,027 $7,826,053 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable and accrued expenses... (PR Newswire)
Gateway Energy Reports Second Quarter 2008 Results Aug 15, 2008
GATEWAY ENERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited) June 30, December 31, 2008 2007 ASSETS Current Assets Cash and cash equivalents $1,217,933 $1,807,224 Restricted cash 605,425 - Accounts receivable trade, net 2,471,230 1,852,849 Prepaid expenses and other assets 268,939 41,812 Total current assets 4,563,527 3,701,885 Property and Equipment, at cost Gas gathering, processing and transportation 11,152,214 11,120,558 Office furniture and other equipment 134,984... (PR Newswire)
Alanco Technologies raises new financing Aug 15, 2008
The Scottsdale-based provider of wireless tracking devices said it will sell $2 million worth of preferred stock, primarily to company officers and directors. The remaining $500,000 will come from an increase in Alanco's credit line. (AZCentral -- Business)
Middleton Doll posts loss, misses stock redemption Aug 15, 2008
said Thursday that it did not have enough funds available to redeem outstanding preferred stock by the required redemption date of July 1, and that it is still seeking financing alternatives to address the issue, including a potential merger or sale ... Middleton Doll -- which has a second operating segment, a real estate investment trust that it is liquidating to finance the redemption of preferred stock -- said consumer products sales grew because the introduction of new clock styles and home... (Milwaukee Business Journal, WI)
Gaming Partners International Reports Financial Results for the Second Quarter and First Six Months of 2008 Aug 15, 2008
GAMING PARTNERS INTERNATIONAL CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (in thousands, except share amounts) June 30, December 31, 2008 2007 ASSETS Current Assets: Cash and cash equivalents $6,902 $4,627 Marketable securities 5,404 4,730 Accounts receivable, less allowance for doubtful accounts of $397 and $327, respectively 5,932 5,811 Inventories 11,353 10,093 Prepaid expenses 379 487 Deferred income tax asset 990 893 Other current assets 864 1,459 Total current assets... (Yahoo! Wire -- Entertainment News)
VeraSun shares fall on stock offering announcement Aug 15, 2008
The company in its filing said it could sell common stock, preferred stock, depositary shares representing shares of preferred stock, debt securities, warrants, subscription rights, purchase contracts or purchase units. VeraSun shares, which have traded in a 52-week range of $3. (Rapid City Journal, SD)
Irvine Sensors Releases Third Quarter Results Aug 14, 2008
IRVINE SENSORS CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited) June 29, September 30, 2008 2007 Assets Current assets: Cash and cash equivalents $686,800 $1,442,300 Restricted cash 40,800 39,600 Accounts receivable, net of allowance for doubtful accounts of $15,000 and $15,000, respectively 2,651,200 3,614,600 Unbilled revenues on uncompleted contracts, net of allowance of $150,000 and $0, respectively 1,380,200 1,289,300 Inventory, net 6,990,900 7,011,500 Prepaid expenses and other current... (PR Newswire)
Wherify Wireless plans merger with Kentuckys Lightyear Aug 14, 2008
Conversion of Wherify s preferred stock. About $2. (San Francisco Business Times, CA)
SOYO Group Reports 2nd Quarter Sales Up 33 Percent to US$32.2 Million; Income From Operations Up 181 Percent to $1.02 Million Aug 14, 2008
Date/Time: Thursday, August 14, 2008 3pm Pacific (6pm Eastern) * U.S./Canada Toll-Free Call-in Number: (866) 830-4434 * International Toll-Free Call-in Number: (706) 902-0008 * Pass code: # 595771295 SOYO Group, Inc. and Subsidiary Condensed Consolidated Balance Sheets (Unaudited) June 30, December 31, 2008 2007 (Unaudited) (Restated) ----------- ----------- ASSETS Current Assets Cash and cash equivalents 571,855 1,848,249 Accounts receivable, net of allowance for doubtful accounts of $... (Primezone Releases)
Wherify, Lightyear plan merger Aug 14, 2008
The merger is conditioned on, among other things, obtaining a minimum of $15 million in new equity capital, the restructuring of existing debt, and the conversion of Wherify's Series A and Series B preferred stock. The parties have retained Seven Hill Partners LLC to assist with the financing. (San Jose Business Journal, CA)
Cohen & Steers Announces $1.4 Billion Financing to Redeem Auction Market Preferred Securities Aug 13, 2008
The following factors, among others, could cause actual results to differ materially from forward-looking statements: (1) the ability of Cohen s and the Cohen s closed-end funds that have issued AMPS to develop and finalize fund-by-fund specific proposals to restructure the leverage of such funds; (2) the need for such Cohen s funds to obtain formal fund-by- fund approval from the funds' Board of Directors for certain types of specific proposals as they are developed and finalized; (3) the... (PR Newswire)
Fortress International Group, Inc. Reports $6.0 Million Loss for the Second Quarter of 2008 Aug 13, 2008
FORTRESS INTERNATIONAL GROUP, INC. CONSOLIDATED BALANCE SHEETS June 30, December 31, 2008 2007 ----------- ----------- (unaudited) (audited) Current Assets Cash and cash equivalents $8,401,630 $13,172,210 Contract and other receivables, net 17,261,140 18,349,140 Costs and estimated earnings in excess of billings on uncompleted contracts 1,775,891 1,322,254 Prepaid expenses and other current assets 602,156 301,487 Income taxes receivable 893,322 893,322 ---------- ---------- Total current assets... (PR Newswire)
Hudson Holding Corporation's Revenues Increase 25% Aug 13, 2008
00) Weighted average number of shares outstanding - basic and diluted 37,942,768 36,725,185 Three Months Ended June 30, 2008 2007 (1) Includes the following amounts related to the recruitment and retention of employees: Stock-based compensation $261,037 $45,341 Recruitment incentives 583,375 - $844,412 $45,341 (2) Includes the following amounts related to the retention of directors and consultants: Stock-based compensation $166,292 $- $166,292 $0 HUDSON HOLDING CORPORATION AND SUBSIDIARIES... (PR Newswire)
Berger & Montague, P.C. Files Class Action Suit on Behalf of Former First Charter Corp. Shareholders Who Acquired Fifth Third Bancorp. Stock in Merger Aug 13, 2008
The truth began to emerge on June 18, 2008, when Fifth Third announced that it was in need of capital and was planning a $1 billion convertible preferred stock offering, a sale of "non-core businesses" to raise an additional $1 billion in capital, and a 66% reduction of its quarterly dividend, from $0. 44 per share to $0. (PR Newswire)
Downsizing offinance underway Aug 13, 2008
In these transactions, investors buy long-term bonds or preferred stock, the interest rate payable on which is determined by an auction process every 30 days or so ... Auction-rate securities have mostly come in two varieties: auction rate preferred stock, issued by corporations and particularly financial institutions, and auction-rate municipal bonds, issued by municipalities ... The first auction rate preferred stock was sold by Citicorp (now Citigroup) in 1984. (Asia Times Online)
Sovereign faces Freddie Mac, Fannie Mae quake Aug 13, 2008
holds more than $600 million in preferred stock issued by troubled mortgage giants and and could take a big hit on those investments in the third quarter. Sovereign executives said Monday the bank had $623 million of Freddie and Fannie preferred stock on its balance sheet at the end of June ... Sovereign (NYSE:SOV) Chief Financial Officer Kirk Walters said the company decided in 2006 to build its investment portfolio, in part, with the Fannie and Fredde preferred stock. (Philadelphia Business Journal, PA)
Gaylord Entertainment Company Adopts Shareholder Rights Plan Aug 13, 2008
00 per right (subject to adjustment as provided in the plan), shares of the Companys common stock (or in certain circumstances, shares of a newly created class of preferred stock authorized in connection with the adoption of the plan) having a market value equal to twice the rights then-current exercise price. In addition, if, after a person acquires such ownership, the Company engages in a merger in which it is not the survivor or its common stock is changed or exchanged, or sells or... (Yahoo! Wire -- Entertainment News)
SAN FRANCISCO--(BUSINESS WIRE)--Merriman Curhan Ford Group, Inc ... Aug 13, 2008
Preferred stock, Series A--$0 ... Preferred stock, Series B--$0 ... Preferred stock, Series C--$0. (Business Wire (press release), CA)
Farmer Mac Reports Second Quarter Results Aug 12, 2008
" Those components of income are independent of Farmer Mac's strong credit performance. Both Farmer Mac's core and GAAP earnings for the three and six month periods ended June 30, 2008 reflect an other-than-temporary impairment loss of $5.3 million recorded in second quarter 2008 to write down an investment in Fannie Mae preferred stock to its fair value of $47.2 million as of June 30, 2008. Subsequent to June 30, 2008, this security experienced further price declines and volatility. As of... (PR Newswire)
PNM Resources Announces Second Quarter Results, Steps to Strengthen Financial Position Aug 12, 2008
8 PNM RESOURCES, INC. AND SUBSIDIARIES PRELIMINARY CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) (Unaudited) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 (In thousands, except per share amounts) Operating Revenues: Electric $580,243 $505,400 $944,645 $942,234 Other 67 169 167 379 Total operating revenues 580,310 505,569 944,812 942,613 Operating Expenses: Cost of energy 398,698 311,465 633,079 528,277 Administrative and general 59,392 50,600 106,754 108,927... (PR Newswire)
High price of corn thwarts Pacific Ethanol Aug 12, 2008
4 million in cash from sales of common and preferred stock and warrants in the second quarter. The reporter can be reached at or (559) 441-6637. (Fresno Bee)
Calgren Renewable Fuels Aug 12, 2008
4 million in cash from sales of common and preferred stock and related warrants during the quarter. We faced a challenging commodity environment this quarter and are disappointed with our net loss, Neil Koehler, the company s president and chief executive officer, said in a news release. (Sacramento Business Journal, CA)
Pallab Chatterjee Aug 12, 2008
JDA adds that each issued and outstanding share of i2 s Series B Convertible Preferred Stock will receive approximately $1,095 per share in cash and unpaid dividends. JDA also said, In addition, upon consummation of the merger the vesting of each outstanding option and restricted stock award for common stock of i2 will accelerate in full and the holders of such equity awards will be entitled to receive $14. (Dallas Business Journal, TX)
JDA boosts software line with acquisition Aug 12, 2008
37 per share of preferred stock. Credit Suisse and Wachovia will provide JDA with up to $450 million in debt financing. (AZCentral -- Business)
Emergent Group Inc. Reports Record EPS of $0.12 on Record Sales for Second Quarter Aug 12, 2008
Emergent Group Inc. and Subsidiaries Condensed Consolidated Balance Sheets June 30, December 31, 2008 2007 ------------ ------------ ASSETS (Unaudited) Current assets Cash $ 2,032,441 $ 3,043,654 Accounts receivable, net of allowance for doubtful accounts of $20,460 and $17,460 2,458,576 2,313,084 Inventory, net of reserves of $57,339 and $54,999 601,831 504,792 Prepaid expenses 205,746 164,857 Deferred tax assets 915,488 915,488 ------------ ------------ Total current assets 6,214,082 6,941,875... (Primezone Releases)
The Orchard Reports Revenue Increase of 111% in Second Quarter 2008 as Compared to Second Quarter 2007 Aug 12, 2008
1 million shares reserved for the conversion of the company's Series A convertible preferred stock and for the exercise of all outstanding stock options and warrants. As of June 30, 2008, there were approximately 1. (Yahoo! Wire -- Entertainment News)
Business Briefs Aug 12, 2008
Standard & Poor's cut the preferred stock and subordinated debt rat ings of Fannie Mae and Freddie Mac three lev els to A- from AA-, after each last week re ported wider quarterly losses than estimated. Milk money. (New York Post -- Business)
Chemokine Therapeutics Announces Second Quarter 2007 Financial and Operating Results Aug 11, 2008
CHEMOKINE THERAPEUTICS CORP. (A Development Stage Company) INTERIM CONSOLIDATED BALANCE SHEETS June 30, December 31, 2008 2007 ------------ ------------ (Unaudited) (Audited) ASSETS CURRENT ASSETS Cash and cash equivalents $ 774,779 $ 688,388 Short-term investments 75,366 75,658 Amounts receivable 17,851 27,353 Prepaid expense and deposits 100,649 41,122 ------------ ------------ TOTAL CURRENT ASSETS 968,645 832,521 PROPERTY AND EQUIPMENT, net 212,932 337,751 LICENSE COSTS, net 4,758 8,605... (CCNMatthews Press Releases)
Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock Aug 9, 2008
40% Cumulative Preferred Stock, Series A, which is not listed on any exchange ... 80 per share of preferred stock is for the period from July 1, 2008 through September 30, 2008 and will be payable on September 30, 2008 to holders of record of preferred stock as of September 20, 2008. (PR Newswire)
PMC Commercial Trust Announces Second Quarter and Year-to-Date Results Aug 9, 2008
" The following tables contain comparative selected financial data: FINANCIAL POSITION INFORMATION (In thousands) June 30, December 31, June 30, 2008 2007 2007 ---------- ---------- ---------- Loans receivable, net $193,004 $165,969 $169,020 Retained interests in transferred assets $33,463 $48,616 $53,399 Total assets $236,854 $231,420 $240,006 Debt $68,862 $62,953 $68,093 Total beneficiaries' equity $157,837 $156,354 $157,996 Shares outstanding 10,782 10,765 10,765 RESULTS OF OPERATIONS... (PR Newswire)
UBS to Buy Back Stricken Debt Securities Aug 9, 2008
5 billion of tax-exempt auction preferred stock the bank said it would repurchase in July. Including fines and write-downs of auction-rate debt it will redeem, the settlement will cost the Swiss bank $900 million before taxes, which it will book in second-quarter earnings, UBS said in a statement. (ABC News -- Wire)
BankUnited loses $118M, bad loans up 61 percent Aug 9, 2008
In another development, Camner, his family members, and other board members agreed to waive their receipt of preferred stock dividends until BankUnited returns to profitability. Shares of BankUnited closed Friday at $1. (South Florida Business Journal, FL)
Franklin Bank Corp. Suspends Dividend On Series A Non-Cumulative Perpetual Preferred Stock Aug 9, 2008
HOUSTON, Aug. 8, 2008 (PRIME NEWSWIRE) -- The Board of Directors of Franklin Bank Corp. (NasdaqGS: - ) (AMEX:FBK-P.LF) (``Franklin'') has resolved not to declare or pay the dividend on Franklin's Series A Non-Cumulative Perpetual Preferred Stock (the ``Preferred Stock'') scheduled for September 15, 2008 ... Dividends on the Preferred Stock are non-cumulative ... To the extent that any dividends payable on the Preferred Stock are not declared and paid, in full or otherwise, such unpaid dividends... (Primezone Releases)
First Advantage Bancorp Reports Second Quarter 2008 Results Aug 9, 2008
In addition to the leverage transaction mentioned above, our investment securities portfolio consists primarily of U.S. government and callable federal agency bonds and U.S. government agency mortgage-backed securities, with a relatively smaller investment in obligations of state and political subdivisions and other securities including agency preferred stock and pooled trust preferred debt issues ... The government's recent action to shore up the finances of the GSE's has not yet resulted in a... (Primezone Releases)
Sprint cancels $3 billion stock sale Aug 9, 2008
Sprint Nextel on Wednesday announced plans to pare debt by selling $3 billion worth of convertible preferred stock. The plan was announced concurrently with second-quarter earnings, which were largely in line with expectations. (USA Today -- Tech)
Susman Godfrey Files Class Action Lawsuit on Behalf of Purchasers of Securities Issued by IndyMac Bancorp Inc. Aug 8, 2008
LOS ANGELES, Aug. 7 /PRNewswire/ -- The law firm of Susman Godfrey L.L.P. announces it has filed a class action lawsuit, Daniels v. Perry and Keys, No. CV08-05073, in the U.S. District Court for the Central District of California on behalf of all purchasers of the common stock, preferred stock and/or preferred units of IndyMac Bancorp Inc. ("IndyMac" or the "Company") between April 26, 2007 and May 12, 2008, inclusive (the "Class Period") ... If you purchased or acquired IndyMac common stock,... (PR Newswire)
OMNI Reports Second Quarter 2008 Results; Updates 2008 Guidance Aug 8, 2008
OMNI ENERGY SERVICES CORP. CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) Three Months Six Months Ended Ended June 30, June 30, 2007 2008 2007 2008 (in thousands, except per share amounts) Operating revenue $48,121 $48,920 $87,010 $89,881 Operating expenses: Direct costs 31,172 32,122 54,747 61,220 Depreciation and amortization 2,922 3,342 4,987 6,156 General and administrative expenses (includes litigation settlement of $2,400 in the first quarter of 2008) 5,762 7,357 10,877 16,135 Total... (PR Newswire)
Employers Holdings, Inc. Reports Second Quarter Earnings Aug 8, 2008
01 par value; 150,000,000 shares authorized; 53,528,007 and 53,527,907 issued and 49,241,435 and 49,616,635 outstanding at, June 30, 2008 and December 31, 2007 respectively 535 535 Preferred stock, $0. 01 par value; 25,000,000 shares authorized; none issued -- -- Additional paid-in capital 304,352 302,862 Retained earnings 151,454 104,536 Accumulated other comprehensive income, net 23,808 46,520 Treasury stock, at cost (4,286,572 shares at June 30, 2008 and 3,911,272 shares at December 31, 2007)... (PR Newswire)
EMCORE Corporation Announces Preliminary Unaudited Results for its Third Quarter Ended June 30, 2008 Aug 8, 2008
In June 2008, the Company announced that it had agreed to sell 2 million shares of Series D Preferred Stock of WorldWater and Solar Technologies Corporation, together with 200,000 Warrants, to The Quercus Trust, a major shareholder of both EMCORE and WorldWater, at a price equal to $6. 54 per share of the Series D Preferred Stock ... Such forward-looking statements include but are not limited to words such as "expects," "anticipates," "intends," "plans," believes," and "estimates," and... (PR Newswire)
ReCellular Announces $15 Million Capital Investment and Plans for Expanded Operations Aug 8, 2008
Aug. 7 /PRNewswire/ -- ReCellular (), the world's leading cell-phone recycling firm, announced today that Investor Growth Capital (IGC) () is investing $15 million in a Series A Preferred Stock financing. The investment adds a growing clean-tech company to IGC's portfolio, and will enable ReCellular to expand operations and accelerate its rapid revenue growth. (PR Newswire)
Taylor adds former LaSalle exec to board Aug 8, 2008
Former LaSalle Bank executive Mark Hoppe succeeded Bruce Taylor as CEO of Cole Taylor earlier this year and then recruited more than 30 business bankers from LaSalle, which was acquired Oct. 1 by Bank of America Corp. Former LaSalle National Bank Chairman Harrison Steans, 73, agreed to infuse Taylor Capital with $50 million in preferred stock, the company announced July 29. He also is slated to join the board when the deal closes. (Crain's Chicago Business)
Parkway Properties offers dividends Aug 8, 2008
Owners of the companys Series D Preferred Stock will receive a divedend of 50 cents per share payable Oct. 15 to shareholders of record Sept. 30. Parkway Properties is a real estate investment trust based in Jackson. (The Clarion-Ledger)
Rosetta Resources Inc. Announces Record Second Quarter 2008 Production and Revenues and Provides Operational Update Aug 8, 2008
9 million at December 31, 2007 were excluded from amortization 1,702,274 1,566,082 Other fixed assets 7,357 6,393 ---------- ---------- 1,709,631 1,572,475 Accumulated depreciation, depletion, and amortization (396,905) (295,749) ---------- ---------- Total property and equipment, net 1,312,726 1,276,726 Deferred loan fees 1,605 2,195 Other assets 1,321 1,401 ---------- ---------- Total other assets 2,926 3,596 ---------- ---------- Total assets $1,523,124 $1,357,214 ========== ==========... (Primezone Releases)
LML Reports Results for the First Quarter of Fiscal 2009 Aug 8, 2008
00 ============ ============ LML PAYMENT SYSTEMS INC. CONSOLIDATED BALANCE SHEETS (In U.S. Dollars, except as noted below) (Unaudited) June 30, 2008 March 31, 2008 ------------ ------------ ASSETS Current Assets Cash and cash equivalents $ 6,617,672 $ 9,749,768 Funds held for merchants 10,623,528 5,833,617 Restricted cash 125,000 250,000 Accounts receivable, less allowances of $32,168 and $32,168, respectively 585,444 719,301 Prepaid expenses 249,494 273,751 ------------ ------------ Total... (Primezone Releases)
Buffett Builds Berkshire Hathaway's Holdings as Earnings, Shares Decline Aug 8, 2008
Berkshire agreed to buy Dow preferred stock paying 8. 5 percent annual interest and convertible to common stock. (Bloomberg -- US)
NTN Buzztime, Inc. Announces Second-Quarter Results Aug 8, 2008
(financial tables follow) NTN BUZZTIME, INC. AND SUBSIDIARIES Condensed Consolidated Balance Sheets (Unaudited) (In thousands, except share data) June 30, December 31, 2008 2007 ASSETS Current assets: Cash and cash equivalents $6,616 $10,273 Restricted cash 37 55 Accounts receivable, net of allowances of $300 and $396, respectively 1,051 1,354 Investments available-for-sale 146 264 Prepaid expenses and other current assets 511 745 Assets held for sale 7 212 Total current assets 8,368 12,903... (Yahoo! Wire -- Entertainment News)
Westwood One, Inc. Reports Results for the Second Quarter 2008 Aug 8, 2008
"About Westwood OneWestwood One (NYSE: - ) is a platform-agnostic content company providing over 150 news, sports, music, talk, entertainment programs, features and live events to numerous media partners. Westwood One also provides local content such as traffic, weather, news, and sports to the radio, TV, and online sectors. Westwood One provides its content and services to more than 5,000 radio stations. For more information please visit .Certain statements in this release constitute... (Yahoo! Wire -- Entertainment News)
Live Nation Reports the Concert Business is Healthy With Robust Performance for Second Quarter 2008 Aug 8, 2008
54) Weighted average common shares outstanding: Basic 75,720,739 65,521,804 75,352,837 65,510,822 Diluted 76,898,595 67,702,746 75,352,837 65,510,822 CONSOLIDATED BALANCE SHEETS June 30, December 31, 2008 2007 (unaudited) (audited) ASSETS (in thousands) CURRENT ASSETS Cash and cash equivalents $453,368 $338,991 Accounts receivable, less allowance of $12,531 as of June 30, 2008 and $18,928 as of December 31, 2007 384,292 264,316 Prepaid expenses 377,460 186,379 Other current assets 58,484 44,722... (Yahoo! Wire -- Entertainment News)
/C O R R E C T I O N -- Reading International, Inc./ Aug 8, 2008
01, 20,000,000 shares authorized and 1,495,490 issued and outstanding at June 30, 2008 and at December 31, 2007 15 15 Nonvoting Preferred Stock, par value $0 ... 01, 20,000,000 shares authorized and 1,495,490 issued and outstanding at June 30, 2008 and at December 31, 2007 15 15 Nonvoting Preferred Stock, par value $0. (Yahoo! Wire -- Entertainment News)
