latest news releases from the newsroom
Hill International, Inc.
Hill International Reports First Quarter 2009 Financial Results
MARLTON, N.J., May 5, 2009 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today financial results for the first quarter ended March 31, 2009 (see attached tables). Total revenue for the first quarter of 2009 rose to $103.9 million, an increase of 28.5% over the first quarter of 2008. Consulting fee revenue for the first quarter of 2009 grew to $92.1 million, an increase of 32.3% from the first quarter of 2008. In the first quarter of 2009, Hill's consulting fee revenue growth was comprised of 22.5% organic growth and 9.8% growth from acquisitions.
First National Bancshares, Inc.
First National Bancshares in Compliance With NASDAQ
SPARTANBURG, S.C., May 5, 2009 (GLOBE NEWSWIRE) -- First National Bancshares, Inc. (Nasdaq:FNSC) announced today it is now in compliance with NASDAQ listing standards. The issue with its listing was related to a delay in First National Bancshares' 2008 10-K filing, which it submitted to the SEC on May 1, 2009.
Emulex Advises Stockholders to Take No Action At This Time in Response to Broadcom Tender Offer
COSTA MESA, Calif., May 5, 2009 (GLOBE NEWSWIRE) -- Emulex Corporation (NYSE:ELX) today said its Board of Directors, consistent with its fiduciary duties and with the assistance of its financial and legal advisors, Goldman, Sachs & Co. and Gibson, Dunn & Crutcher LLP, will review the tender offer commenced today by Broadcom Corporation (Nasdaq:BRCM) to acquire all of the outstanding shares of Emulex for $9.25 per share in cash. The Broadcom tender offer requires no action by Emulex stockholders at this time. The Company also said it will review Broadcom's consent solicitation and urged stockholders at this time not to take any action on the consent solicitation. The Emulex Board will make its recommendation on the tender offer and respond to the consent solicitation in due course.
Transocean Ltd. Provides Fleet Update Summary
ZUG, Switzerland, May 5, 2009 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) today issued a monthly fleet update summary covering only newly signed contracts, significant changes to existing contracts and changes to estimated out of service time of 60 days or more since our fleet status report dated April 2, 2009.
Beacon Federal Bancorp, Inc.
Beacon Federal Bancorp, Inc. Announces Update On Stock Repurchase Program
EAST SYRACUSE, N.Y., May 5, 2009 (GLOBE NEWSWIRE) -- Beacon Federal Bancorp, Inc. (Nasdaq:BFED) ("the Company") announced today that its Board of Directors has authorized a third stock repurchase program to purchase an additional 5% of its outstanding shares, or up to 345,765 shares. Pursuant to the earlier repurchase programs the company has purchased an aggregate of 747,079 shares at a weighted average cost of $8.15. The timing of the repurchases will depend on certain factors, including but not limited to, market conditions and prices, the Company's liquidity requirements and alternative uses of capital. Any repurchased shares will be held as treasury stock and will be available for general corporate purposes.
Sport Chalet, Inc.
Sport Chalet Amends and Expands Its Existing Credit Facility With Bank of America, N.A.
LOS ANGELES, May 5, 2009 (GLOBE NEWSWIRE) -- Sport Chalet, Inc. (Nasdaq:SPCHA) (Nasdaq:SPCHB) today announced that it has amended and expanded its existing credit facility with Bank of America, N.A., which provides the Company with additional financial flexibility, and has provided a business update for its fourth quarter and fiscal year ended March 29, 2009.
SmartPros Posts Positive Earnings for First Quarter 2009
HAWTHORNE, N.Y., May 5, 2009 (GLOBE NEWSWIRE) -- SmartPros Ltd. (Nasdaq:SPRO), a leader in the field of accredited professional education and corporate training, today reported results for the three month period ending March 31, 2009. A conference call to discuss earnings is scheduled for Wednesday, May 6, 2009, at 8:30 a.m. ET.