latest news releases from the newsroom
Talon Therapeutics, Inc.
Hana Biosciences Receives NASDAQ Notification
SOUTH SAN FRANCISCO, Calif., Nov. 21, 2008 (GLOBE NEWSWIRE) -- Hana Biosciences (Nasdaq:HNAB), a biopharmaceutical company focused on strengthening the foundation of cancer care, reported that it received a letter, dated November 19, 2008, from the Listing Qualifications Department of The NASDAQ Stock Market notifying the Company that it does not comply with the $2.5 million minimum stockholders' equity requirement for continued listing on The NASDAQ Capital Market set forth in NASDAQ Marketplace Rule 4310(c)(3). NASDAQ's determination was based on a review of the Company's Quarterly Report on Form 10-Q for the period ended September 30, 2008.
AMCORE Financial, Inc.
AMCORE Financial Suspends Quarterly Dividend
ROCKFORD, Ill., Nov. 21, 2008 (GLOBE NEWSWIRE) -- AMCORE Financial Inc. (Nasdaq:AMFI) announced today that the Board had decided to temporarily suspend its quarterly dividend, effective immediately. The Company reevaluates its dividend payment policy each quarter.
Financial Institutions, Inc.
Financial Institutions Declares Cash Dividend
WARSAW, N.Y., Nov. 21, 2008 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (Nasdaq:FISI) (the "Company") announced that its Board of Directors declared a cash dividend of $0.10 per common share. The dividend was reduced from $0.15 per common share in the previous quarter in order to preserve and strengthen the Company's capital base. The fourth quarter dividend represents an annualized dividend yield of 3.3% based on the Company's common stock closing price on November 20, 2008. The Company also announced dividends of $0.75 per share on Series A 3% Preferred Stock and $2.12 per share on Series B-1 8.48% Preferred Stock. All dividends are payable on January 2, 2009 to shareholders of record on December 15, 2008.
Silverstar Holdings, Ltd.
Silverstar Holdings Receives Staff Deficiency Letter Regarding Non-Compliance With NASDAQ's Stockholders' Equity, Market Value or Net Income Requirements
BOCA RATON, Fla., Nov. 21, 2008 (GLOBE NEWSWIRE) -- Silverstar Holdings, Ltd. (Nasdaq:SSTR) today announced that it received a Nasdaq Staff Deficiency Letter on November 17, 2008 indicating that based on the Company's Form 10-Q for the period ended September 30, 2008, the Nasdaq Staff determined that the Company's stockholders' equity was $1,781,039. In addition, as of November 14, 2008, the Nasdaq Staff determined that the market value of listed securities was $4,118,022. Finally, the Company reported net loss from continuing operations of ($24,485,917), ($2,406,621), and ($1,979,190), in its annual filings for the years ended June 30, 2008, 2007 and 2006, respectively. Accordingly, the Company does not comply with Marketplace Rule 4310(c)(3), which requires the Company to have a minimum of $2,500,000 in stockholders' equity or $35,000,000 market value of listed securities or $500,000 of net income from continuing operations for the most recently completed fiscal year or two of the three most recently completed fiscal years.
3D Systems Corporation
3D Systems Implements Additional Cost Reductions
ROCK HILL, S.C., Nov. 21, 2008 (GLOBE NEWSWIRE) -- 3D Systems Corporation (Nasdaq:TDSC), a leading provider of 3-D Printing, Rapid Prototyping and Manufacturing solutions, announced today that, in anticipation of the difficult economic climate that lies ahead and its uncertain duration, the company has undertaken a series of additional cost reduction programs, including the curtailment of various, non-critical planned expenses for the balance of 2008 and beyond. As part of these additional cost reductions, the company announced today that it has begun a reduction in its workforce that will affect about 25 people out of its worldwide workforce of 360, including 5 employees from its Rock Hill, South Carolina headquarters.