Stock index futures signal dip after rally Nov 17, 2009
80 in extended trade on Monday after the company said it plans to offer about 300 million in common stock. Oil prices fell on Tuesday, but clung to most of their previous session gains of 3 percent, hovering near 79 a barrel as traders took profits ahead of the release of key U.S. indicators and a weekly fuel inventories report. (Yahoo News -- Press Releases)
AOL spinoff set for Dec. 9 Nov 17, 2009
Time Warner shareholders will get one share of the new AOL common stock for each share of Time Warner they hold, with distribution of the new stock set for Dec. 9. Cash will be paid instead of fractional shares, according to a statement Monday. (Washington Business Journal, DC)
TFS Financial Corporation Announces Fourth Quarter and Year Ended September 30, 2009 Financial Results Nov 15, 2009
5 million of repurchases of outstanding common stock and $19. 7 million in dividends paid on our shares of common stock (other than the shares held by Third Federal Savings, MHC and unallocated ESOP shares) in the current fiscal year ... The remainder reflects adjustments related to the allocation of shares of our common stock related to the ESOP, stock compensation plans and adjustments to our accumulated other comprehensive loss attributable primarily to the change in our pension obligation. (Primezone Releases)
The Orchard Reports Revenue Increase of 4% in Third Quarter 2009 as Compared to Third Quarter 2008 Nov 14, 2009
These forward-looking statements involve a number of risks and uncertainties, certain of which are outside of The Orchards control, such as the growth of the digital music and video markets, the impact of the general economic recession and managements ability to capitalize on our business strategy and take advantage of opportunities for revenue expansion, the outcome of, expenses associated with, or developments concerning, Dimensional's proposal to acquire all of our outstanding common... (Yahoo! Wire -- Entertainment News)
SST acquired by investment firm Nov 14, 2009
Prophet Equity will acquire all of the outstanding common stock of the company for $2 ... Yeh and Hu have agreed to exchange all of their shares of SST common stock for shares of capital stock of the resulting privately-held company. (EETimes)
Anchor BanCorp Wisconsin Inc. Announces Second Quarter Results, Significant Reduction in Charge-Offs Nov 14, 2009
10 par value, 5,000,000 shares authorized, 110,000 shares issued and outstanding 77,900 74,185 Common stock. 10 par value, 100,000,000 shares authorized, 25,363,339 shares issued 2,536 2,536 Additional paid-in capital 109,317 109,327 Retained earnings (deficit), substantially restricted (7,645) 134,234 Accumulated other comprehensive loss (1,366) (6,337) Treasury stock (3,773,547 and 3,793,554 shares, respectively), at cost (94,155) (94,744) Deferred compensation obligation (5,512) (5,480)... (Primezone Releases)
Ascent Media Corporation Announces Financial Results for Quarter Ended September 30, 2009 Nov 14, 2009
Series A common stock ... Series B common stock ... Series C common stock. (Yahoo! Wire -- Entertainment News)
Bio Medica sales, earnings down in 3rd-Q Nov 14, 2009
In August, Nasdaq kicked the company out of the stock market for failing to achieve minimum closing bids on its common stock. Currently, American Bio Medica is traded on the electronic over-the-counter markets, called Pink Sheets. (Albany Business Review, NY)
IIJ Announces First Six Months Financial Results for the Fiscal Year Ending March 31, 2010 Nov 13, 2009
6% YoY. * Cash dividend for FY2009 interim period of IIJ's common stock: JPY1,000 per share. The same amount for FY2008 interim period (IIJ's 1 common stock is equivalent to 400 ADSs) ... Effective July 1, 2009, IIJ adopted the FASB Accounting Standards Codification ("ASC") 105, "Generally Accepted Accounting Principles (the provisions of which were previously included in SFAS No. 168 "Accounting Standards Codification and the hierarchy of generally accepted accounting principles"). This... (Primezone Releases)
Dollar General prices IPO at $21 per share Nov 13, 2009
1 million shares of its common stock at $21 per share. The company said it hopes to receive $445. (Nashville Business Journal, TN)
NTN Buzztime, Inc. Announces Third Quarter Results Nov 13, 2009
005 par value, $161 liquidation preference, 5,000,000 shares authorized; 161,000 shares issued and outstanding at September 30, 2009 and December 31, 2008 1 1 Common stock ... NTN BUZZTIME, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Cash Flows (Unaudited) (In thousands) Nine months ended ------------------------------ September 30, September 30, 2009 2008 ------------- ------------- Cash flows from operating activities: Net loss $(1,305) $(5,776) Loss from discontinued... (Yahoo! Wire -- Entertainment News)
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)
Environmental Tectonics Corporation's Entertainment Subsidiary EnTCo's The Ride Works Announces Public Demonstrations of Wild Earth: Deep Ocean Safari Nov 13, 2009
These forward-looking statements include statements with respect to the Company's vision, mission, strategies, goals, beliefs, plans, objectives, expectations, anticipations, estimates, intentions, financial condition, results of operations, future performance and business of the company, including but not limited to, (i) potential additional funding by H.F. Lenfest, a member of our Board of Directors and a significant shareholder, and PNC Bank, (ii) the trading of the Company's common stock on... (Yahoo! Wire -- Entertainment News)
Liberty Global to Acquire Unitymedia Nov 13, 2009
--(BUSINESS WIRE)--Liberty Global, Inc. (Liberty Global, LGI, or the Company) (NASDAQ: - , - and - ) today announced that it has entered into a share purchase agreement with Unity Media S.C.A. to acquire all of the issued and outstanding capital stock of Unitymedia GmbH ("Unitymedia), Germanys second largest cable operator. Related QuotesSymbolPriceChange23.100.00{"s" : "lbtya","k" : "c10,l10,p20,t10","o" : "","j" : ""} Unitymedia is the largest cable television operator... (Yahoo! Wire -- Entertainment News)
Globe Specialty Metals Announces First Quarter Fiscal 2010 Results Nov 13, 2009
GLOBE SPECIALTY METALS, INC. AND SUBSIDIARY COMPANIES Condensed Consolidated Balance Sheets (In thousands) Sept. 30, June 30, 2009 2009 --------- --------- (Unaudited) Assets Current assets: Cash and cash equivalents $ 114,020 61,876 Accounts receivable, net of allowance for doubtful accounts 38,513 24,094 Inventories 57,283 67,394 Prepaid expenses and other current assets 19,996 24,675 --------- --------- Total current assets 229,812 178,039 Property, plant, and equipment, net 215,353 217,507... (Primezone Releases)
Vision-Sciences, Inc. Announces $6.2 Million in Revenue for the First Half of Fiscal 2010 Nov 13, 2009
01 par value-- Authorized--5,000 shares issued and outstanding--none -- -- Common stock, $0. 01 par value-- Authorized--50,000 shares issued and outstanding--36,854,001 shares and 36,817,941 shares at September 30, 2009 and March 31, 2009, respectively 369 368 Additional paid-in capital 80,987 80,031 Accumulated deficit (69,626) (63,988) -------- -------- Total stockholders' equity 11,730 16,411 -------- -------- Total liabilities and stockholders' equity $ 14,699 $ 19,486 ======== ========... (Primezone Releases)
Myriad Pharmaceuticals Reports First Quarter FY' 2010 Financial Results Nov 13, 2009
In connection with the formation of this new subsidiary, Myriad Genetics' existing subsidiary, Myriad Pharmaceuticals, Inc., changed its corporate name to Myriad Therapeutics, Inc., and we adopted the name of Myriad Pharmaceuticals, Inc. On June 30, 2009, Myriad Genetics contributed substantially all of the assets and certain liabilities of its research and drug development businesses as well as $188 million in cash and marketable securities to us and effected the spin-off of our company through... (Primezone Releases)
Coastal Banking Company Reports Third Quarter 2009 Earnings Nov 13, 2009
The company's common stock is publicly traded on the OTC Bulletin Board under the symbol CBCO. For more information, please visit the company's Web site ... Common stock, par value. (Primezone Releases)
CombiMatrix Corporation Reports Third Quarter 2009 Financial Results Nov 12, 2009
3 million registered direct offering of its common stock and warrants, with net proceeds to CombiMatrix after placement agent fees and other costs of $7. 6 million. (Primezone Releases)
Recovery Energy Acquires Three Wells, Continues to Capitalize on Energy Sector's Recovery Nov 12, 2009
The assets are being acquired for 250,000 shares of restricted common stock. Recovery also executed a 60-day call option for the remaining 50 percent of the working interest, which would require the company to purchase the interest for $825,000 in cash. (Primezone Releases)
Cytomedix Reports Third Quarter Financial Results Nov 12, 2009
Total revenues of $538,000, up 8% * Royalty revenue of $494,000, up 4% * Product sales of $44,000, up 72% * Gross margin of 81%, up three percentage points * Net loss to common stockholders of $570,000 or ($0 ... The net loss to common stockholders for the third quarter of 2009 was $570,000 or ($0 ... 02) per share, compared with a net loss to common stockholders of $806,000 or ($0. (Primezone Releases)
KKR Puts Higher Valuation on Dollar General Than Walmart in IPO Offering Nov 12, 2009
Using KKRs own valuation models, the fair value of Dollar Generals common stock was only $12. 95 each at the end of May, according to the regulatory filing. (Bloomberg)
Churchill Downs Incorporated to Acquire Youbet.com, Inc. Nov 12, 2009
Nov. 10, 2009, closing price of CDI common stock ... 0598 shares of CDI common stock plus $0 ... 97 in cash for each share of Youbet common stock they own, subject to possible future adjustment to the exchange ratio in very limited circumstances to increase the cash consideration and correspondingly decrease the stock consideration, in order to ensure that the transaction does not require CDI to issue more than 19. (Yahoo! Wire -- Entertainment News)
Adams Golf Announces Results for Third Quarter 2009 Nov 11, 2009
01 par value; authorized 1,250,000 shares; none issued -- -- Common stock. 001 par value; authorized 12,500,000 shares; 7,108,679 and 6,909,866 shares issued and 6,697,742 and 6,498,929 shares outstanding at September 30, 2009 (unaudited) and December 31, 2008, respectively 7 7 Additional paid-in capital 93,351 92,701 Accumulated other comprehensive income 1,808 565 Accumulated deficit (48,515) (38,205) Treasury stock, 410,937 common shares at September 30, 2009 and December 31, 2008, at cost... (Primezone Releases)
Community Central Bank Corporation Announces Q3 Results Nov 11, 2009
On November 3, 2009, the Company's application to list its common stock on The Nasdaq Capital Market was approved. As a result, the Company's common stock was transferred to The Nasdaq Capital Market from The Nasdaq Global Market, effective as of November 6, 2009. (Primezone Releases)
Toll Brothers Reports Preliminary 4th Qtr and FY 2009 Results for Contracts, Backlog and Home Building Revenues Nov 11, 2009
Its common stock is listed on the New York Stock Exchange under the symbol "TOL". The Company serves move-up, empty-nester, active-adult and second-home home buyers and operates in 21 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Texas, Virginia and West Virginia. (Primezone Releases)
StellarOne Corporation Announces Change in Results for Third Quarter Nov 10, 2009
9 million related to the common stock of several Virginia and North Carolina based community banks held in its investment portfolio. With this non-cash impairment charge, the carrying value of such investments is reduced to $1. (Primezone Releases)
EA Reports Record Q2 Non-GAAP Net Revenue of $1.15 Billion Nov 10, 2009
Proceeds from issuance of common stock. 22. (Yahoo! Wire -- Entertainment News)
Live Nation Reports Strong Third Quarter 2009 Results Nov 10, 2009
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) Three Months Ended Nine Months Ended September 30, September 30, ------------- ------------- 2009 2008 2009 2008 ---- ---- ---- ---- (in thousands except share and per share data) Revenue $1,808,296 $1,588,462 $3,370,569 $3,250,886 Operating expenses: Direct operating expenses 1,470,674 1,295,416 2,689,397 2,589,443 Selling, general and administrative expenses 164,104 174,245 472,379 495,311 Depreciation and amortization 37,401 31,490 117,699... (Yahoo! Wire -- Entertainment News)
Another N.C. bank takes TARP money Nov 10, 2009
The bank exchanged preferred shares and warrants of common stock in the transaction. According to Propublica, an online journalism Web site, North Carolina banks have received $45. (Triangle Business Journal)
Westwood One, Inc. Reports Results for the Third Quarter 2009 Nov 10, 2009
Per share amounts reflect the effect of the 200:1 reverse stock split of our common stock consummated on August 3, 2009 ... Management believes free cash flow provides investors with an important perspective on the Company's cash available to service debt and the Company's ability to make strategic acquisitions and investments, maintain its capital assets, repurchase its common stock and fund ongoing operations ... 1 (c) Includes the effect of a 200:1 reverse stock split of our Common stock,... (Yahoo! Wire -- Entertainment News)
Northrop to sell TASC for $1.65 billion Nov 10, 2009
The proceeds will be used to repurchase shares of common stock. The sale should be neutral to 2009 and 2010 earnings, the company said. (FCW.com)
Edge Petroleum Announces Results for Third Quarter Of 2009 Nov 10, 2009
Our third quarter 2009 net loss to common stockholders was $8 ... On October 2, 2009, we received notice (the "Notice") from the NASDAQ that our common stock and 5 ... Third quarter 2009 net loss to common stockholders was approximately $8. (Primezone Releases)
Horizon Financial Reports Second Quarter Fiscal 2010 Results and Form 10-Q Filing Nov 10, 2009
"market" : {"NAME" : "U.S.", "ID" : "us_market", "TZ" : "ET", "TZOFFSET" : "-18000", "open" : "1257863430", "close" : "1257886830", "flags" : {}} , "STREAMER_SERVER" : "http://streamerapi.finance.yahoo.com","arrowAsChangeSign" : false,"throttleInterval": "1000". Search for share prices. (Primezone Releases)
Feds Seize Bank Stock, Luxury Cars Owned by Ousted Law Firm Chairman Nov 10, 2009
9 percent of the common stock. The civil warrant was signed by U.S. Magistrate Judge Lurana Snow in Fort Lauderdale, said Gibraltar spokesman Peter Whalen. (Law.com)
Investor Notice: Rosen Law Firm Reminds Investors That Only Two Days Remain Before Deadline for UCBH Investors to Seek to be Lead Plaintiff in Securities Class Action to Recover Stock Losses Nov 9, 2009
NEW YORK, Nov. 8, 2009 (GLOBE NEWSWIRE) -- The Rosen Law Firm reminds investors in UCBH Holdings, Inc. (Nasdaq: - ) of the November 10, 2009 Lead Plaintiff deadline in the securities class action brought on behalf of persons who purchased UCBH common stock during the period April 24, 2008 through September 8, 2009 (the "Class Period"). On November 6, 2009, California regulators closed down UCBH because of inadequate capital and its banking operations were acquired by East West Bancorp Inc. The... (Primezone Releases)
Green grocer's cash crop Nov 8, 2009
The firm, whose three managing partners all cut their teeth at Drexel Burnham Lambert, caught the bottom last November when it invested $425 million in the organic grocer for convertible shares that paid it a guaranteed 8 percent interest, and could be converted into common stock at $14 ... Whole Foods is exercising its rights, which it can do once the shares hit their current level, and are converting Leonard Green's shares into common stock ... Now, Leonard Green will own 17 percent of common... (New York Post -- Business)
Rosetta Resources Inc. Announces Third Quarter 2009 Results and Provides Update On Emerging Plays Nov 7, 2009
001 par value; authorized 5,000,000 shares; no shares issued in 2009 or 2008 -- -- Common stock, $0. 001 par value; authorized 150,000,000 shares; issued 51,187,734 shares and 51,031,481 shares at September 30, 2009 and December 31, 2008, respectively 51 51 Additional paid-in capital 778,427 773,676 Treasury stock, at cost; 186,861 and 155,790 shares at September 30, 2009 and December 31, 2008, respectively (3,290) (2,672) Accumulated other comprehensive income 11,671 24,079 Accumulated deficit... (Primezone Releases)
CTM Media Holdings, Inc. to Commence Issuer Tender Offer Nov 7, 2009
--(BUSINESS WIRE)-- (OTC Pink Markets: CTMMA, CTMMB) today announced its intention to commence a tender offer to purchase up to thirty percent of its outstanding common stock. CTM Media Holdings intends to offer to purchase shares of its Class A common stock and Class B common stock representing up to thirty percent (30%) of its total outstanding capital stock, at a price per share of $1. (Yahoo! Wire -- Entertainment News)
AMCORE Bank's Monroe and Argyle Branches Sold to First National Bank and Trust Nov 7, 2009
AMCORE common stock is listed on The NASDAQ Stock Market under the symbol "AMFI." Further information about AMCORE Financial, Inc. can be found at the Company's website at. FORWARD LOOKING STATEMENTS. (Primezone Releases)
Magnetek posts net loss Nov 7, 2009
In response to continuing declining sales levels during the first quarter, the company has taken further actions to reduce costs and preserve cash, including the temporary suspension of 401(k) matching contributions, expected to save nearly $400,000 annually, and the conversion of the company s incentive compensation plan payments for fiscal 2010 from a cash basis to payment in the company s common stock. In addition, Magnetek has cut about 60 positions, or 16 percent, since January, completed... (Milwaukee Business Journal, WI)
Knology Reports Results for the Third Quarter and Announces Definitive Agreement to Acquire the Assets of Private Cable Co., LLC for $7.5 Million Cash Nov 7, 2009
Knology reported a net loss attributable to common stockholders for the third quarter of 2009 of $3. 3 million, or $(0. (Yahoo! Wire -- Entertainment News)
AmTrust Financial Services, Inc. Announces Quarterly Dividend Nov 7, 2009
06 per share of common stock. The dividend is payable on January 15, 2010 to shareholders of record as of January 4, 2010. (Primezone Releases)
NEC May Raise $1.5 Billion in Share Sale to Pay Off Debt, Fund Expansion Nov 6, 2009
8 trillion yen selling common stock since December 2008. The Nikkei has gained 11 percent this year, after a 42 percent decline in 2008. (Bloomberg -- Japan)
Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Diedrich Coffee Inc. Nov 6, 2009
If you own common stock in Diedrich Coffee and wish to obtain additional information, please contact us at the number listed below or visit. Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. (Primezone Releases)
Image Entertainment Invites You to Join Its Fiscal 2010 Second Quarter Conference Call Scheduled for Thursday, November 12, 2009 at 4:30 PM Eastern Time Nov 6, 2009
These factors include, but are not limited to, (a) the Company's ability to continue as a going concern, (b) the Company's ability to service its principal and interest obligations on its outstanding debt or otherwise renegotiate or refinance such outstanding debt, including the potential November 2009 principal and interest payment on its convertible note, (c) the Company's limited working capital and the Company's inability to raise additional working capital on acceptable terms or at all, (d)... (Primezone Releases)
Pizza Inn, Inc. Reports Results for First Quarter Fiscal Year 2010 Nov 6, 2009
The Company's common stock is listed on the Nasdaq Capital Market under the symbol "PZZI." ... PIZZA INN, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) (Unaudited) Three Months Ended ------------------ Sept. 27, Sept. 28, REVENUES: 2009 2008 -------- -------- Food and supply sales $ 8,395 $ 10,134 Franchise revenue 1,062 1,064 Restaurant sales 543 190 -------- -------- 10,000 11,388 -------- -------- COSTS AND EXPENSES: Cost of sales 8,116 9,655... (Primezone Releases)
Main Street Capital Announces Third Quarter 2009 Financial Results Nov 6, 2009
125 per share for each of July, August and September 2009 * Completed investments in three new portfolio companies * Commenced an offer to exchange common stock for majority of limited partner interests in Main Street Capital II, LP, an affiliated SBIC fund ... During June 2009, Main Street completed a follow-on public stock offering in which it sold 1,437,500 shares of common stock resulting in total net proceeds of approximately $16 ... On September 23, 2009, Main Street commenced a formal... (Primezone Releases)
GMX Resources Inc. Reports Third Quarter 2009 Financial and Operating Results and Guidance Nov 6, 2009
Three Months Ended September 30, 2009 ------------------- (in thousands, except per share amounts) Amount per share --------- --------- Net loss applicable to common stock $ (3,938) $ (0 ... 05 --------- --------- Adjusted net income applicable to common stock $ 1,598 $ 0 ... Nine Months Ended September 30, 2009 --------------------- (in thousands, except per share amounts) Amount per share ---------- ---------- Net loss applicable to common stock $(138,851) $ (7. (Primezone Releases)
Frozen Food Express Industries, Inc. Announces Third Quarter 2009 Results Nov 6, 2009
FFE's common stock is traded on the Nasdaq Global Select market under the symbol FFEX. ... Net income (loss) per share of common stock. (Primezone Releases)
2K Play Declares November 5th Super Game Day! Nov 6, 2009
The Companys common stock is publicly traded on NASDAQ under the symbol TTWO. For more corporate and product information please visit our website at. Nickelodeon, now in its 30th year, is the number-one entertainment brand for kids. (Yahoo! Wire -- Entertainment News)
Activision Blizzard Announces Better-Than-Expected Third Quarter CY 2009 Financial Results Nov 6, 2009
As of September 30, 2009, Activision Blizzard had purchased $960 million, or approximately 89 million shares, of common stock at an average price of $10 ... For accounting purposes, because the business combination resulted in Vivendi S.A. obtaining control of Activision, Inc. through the acquisition of a majority of common stock of Activision, Inc., the business combination is treated as a "reverse acquisition," with Vivendi Games, Inc. deemed to be the accounting acquirer ... As a result of... (Yahoo! Wire -- Entertainment News)
North Fork Agrees to Buy GreenPoint for $6.3 Billion Nov 6, 2009
0514 shares of North Fork common stock for each GreenPoint share, valuing GreenPoint shares at $46 based on North Fork's closing price on Friday. The combined institution will have more than $50 billion in assets, $30 billion in deposits and more than 340 branches, the companies said yesterday, making it one of the larger consumer banks based in the New York area. (Yahoo News -- Banking & Financial Services)
Steinway Announces Agreement for Private Placement of Common Stock; Will Appoint New Director Nov 5, 2009
7 million shares of its ordinary common stock at a price of $16 per share, approximately 37% above the closing market price on October 28, 2009, the date the parties set the purchase price ... 7 million shares of ordinary common stock at an exercise price of $16 per share ... Steinway's Chairman, Kyle Kirkland, and CEO, Dana Messina, continue to hold 100% of the Company's Class A shares which represent over 80% of the voting power of the total common stock. (Yahoo! Wire -- Entertainment News)
Post Properties doubles profits Nov 5, 2009
6 million on the sale of two apartment communities at the beginning of the quarter and approximately $68 million at the end of the three-month period by selling more than 4 million shares of common stock. Funds from operations dropped to $13. (Atlanta Journal-Constitution -- Business)
News Corporation Reports First Quarter Operating Income of $1.04 Billion; Growth of 9% over the Year Ago Quarter Nov 5, 2009
Class A common stock, $0 ... Class B common stock, $0. (Yahoo! Wire -- Entertainment News)
Profit boost for Post Nov 4, 2009
6 million on the sale of two apartment communities at the beginning of the quarter and approximately $68 million at the end of the three month period by selling more than 4 million shares of common stock. Funds from operations dropped to $13. (Atlanta Journal-Constitution -- Business)
STOCK SPLIT: Berkshire board approves plan Nov 4, 2009
Berkshire Hathaway Inc. Board of Directors Approves 50-for-1 Split of Its Class B Common Stock - USATODAY.com ... Berkshire Hathaway Inc. Board of Directors Approves 50-for-1 Split of Its Class B Common Stock ... Nov 03, 2009 (BUSINESS WIRE) -- Berkshire Hathaway Inc. [] [] today announced that its Board of Directors approved a 50-for-1 split of its Class B Common Stock. (USA Today -- Money)
WHAT BERKSHIRE SAYS: 'All-in wager on the economic future of the United States' Nov 4, 2009
" Terms of the Transaction The definitive agreement provides that each share of BNI common stock will at the election of the shareholder be converted into the right to receive either (i) a cash payment of $100.00 or (ii) a variable number of shares of Berkshire Hathaway Class A or Class B common stock, subject to proration if the elections do not equal approximately 60 percent in cash and 40 percent in stock. The stock component of the consideration is subject to a "collar" whereby the value of... (USA Today -- Money)
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)
Bryn Mawr Bank Corporation to Acquire First Keystone Financial, Inc. Nov 4, 2009
6973 shares of Bryn Mawr Bank Corporation stock for each share of common stock they own plus $2. 06 per share cash consideration, each subject to adjustments as described in the Merger Agreement which will be included as an exhibit to the Corporation's Form 8-K filed with the Securities and Exchange Commission on November 3, 2009. (Primezone Releases)
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)
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)
CIT Files for Bankruptcy; U.S. Is Unlikely to Recoup $2.3 Billion Bailout Nov 2, 2009
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. The lender, which reported $3 billion of losses in the past eight quarters, received $2. (Bloomberg -- US)
