latest news releases from the newsroom
HEICO Corporation Names Joseph W. Pallot General Counsel
MIAMI, Sept. 16, 2008 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today reported that Joseph W. Pallot has been named General Counsel of the Company and its subsidiaries. Mr. Pallot had been a member of HEICO's Board of Directors since 2004 and he has resigned from the Board in order to accommodate his direct employment by the Company and to allow the percentage of the Company's "independent" directors to remain constant.
Fox Chase Bancorp, Inc.
Fox Chase Bancorp, Inc. is Pleased to Announce That It Has No Exposure to the Treasury Department's Seizure of Fannie Mae and Freddie Mac
HATBORO, Pa., Sept. 16, 2008 (GLOBE NEWSWIRE) -- Fox Chase Bancorp, Inc. (Nasdaq:FXCB) announced today that the United States Department of Treasury's seizure of Fannie Mae and Freddie Mac on September 7, 2008 will have no impact on the results of operations or capital of the Company, or its subsidiary Fox Chase Bank (the "Bank"), since the Company does not own any shares of Fannie Mae or Freddie Mac stock. Further, the Bank announced that it remains "well-capitalized" under current regulatory requirements.
Hooper Holmes, Inc.
Hooper Holmes Appoints Roy E. Lowrance Chairman of the Board
BASKING RIDGE, N.J., Sept 16, 2008 -- Hooper Holmes (AMEX:HH) today announced that its Board of Directors has elected Roy E. Lowrance Chairman of the Board effective October 1, 2008. Mr. Lowrance, age 58, will succeed Benjamin A. Currier, age 75, who has decided to step down as Chairman but will remain as a director on the Board.
Fast-Growth Private Companies Leveraging Strategic Opportunities Despite Economic Downturn
NEW YORK, Sept. 15, 2008 (GLOBE NEWSWIRE) -- While optimism in the U.S. economy reached a new 16-year low among private company CEOs, according to PricewaterhouseCoopers' recent Trendsetter Barometer, approximately 84 percent of respondents believe new business opportunities will outweigh or offset the downside of the current economic environment. Forty-three percent believe new business opportunities outweigh the downside in the current economic slowdown, and another 41 percent believe that new business opportunities and any downside will offset each other. Only 15 percent believe that the business downside will outweigh the opportunities.