latest news releases from the newsroom
Capital Product Partners L.P.
Capital Product Partners L.P. Announces Extensions to Two of Its Time Charters With BP Shipping Limited
ATHENS, Greece, Sept. 10, 2008 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (Nasdaq:CPLP) announced today that it had reached agreement with BP Shipping Limited to extend two of its existing time charters. The time charters for two of the Partnership's 37,000 dwt, 2006 built, MR product tankers, the Agisilaos and the Arionas, have been extended by 13 months to March and June 2010, respectively, both at a base gross rate of $20,000 (net rate $19,750) per day. The base gross rate for the Agisilaos and the Arionas prior to the expiration of their existing charters is set at $17,721 (net rate $17,500) per day and $19,240 (net rate $19,000) per day, respectively. Both time charters will also continue to be subject to the same profit sharing arrangement they are currently under which is calculated and settled quarterly and which allows each party to share additional revenues above the base rate on a 50/50 basis until their expiration.
Holzer Holzer & Fistel, LLC
Holzer Holzer & Fistel, LLC Reminds Purchasers of CarMax, Inc. Common Stock That the Deadline to Petition the Court for Lead Plaintiff Appointment is October 6, 2008 -- KMX
ATLANTA, Sept. 10, 2008 (GLOBE NEWSWIRE) -- Holzer Holzer & Fistel, LLC has filed a shareholder class action lawsuit in the United States District Court in the Eastern District of Virginia on behalf of purchasers of CarMax, Inc. ("CarMax") (NYSE:KMX) common stock during the period between April 2, 2008 and June 17, 2008, inclusive (the "Class Period").
Holzer Holzer & Fistel, LLC
Holzer Holzer & Fistel, LLC Reminds Purchasers of Reddy Ice Holdings, Inc. Common Stock That the Deadline to Petition the Court for Lead Plaintiff Appointment is October 7, 2008 -- FRZ
ATLANTA, Sept. 10, 2008 (GLOBE NEWSWIRE) -- Holzer Holzer & Fistel, LLC has filed a shareholder class action lawsuit in the United States District Court in the Eastern District of Michigan on behalf of purchasers of Reddy Ice Holdings, Inc. ("Reddy Ice") (NYSE:FRZ) common stock during the period between August 10, 2005 and March 6, 2008 (the "Class Period").
Texas A&M University System and XOMA Sign Memorandum of Understanding
COLLEGE STATION, Texas and BERKELEY, Calif., Sept. 10, 2008 (GLOBE NEWSWIRE) -- The Texas A&M University System and XOMA, Ltd (Nasdaq:XOMA), a leader in the discovery and development of therapeutic antibodies, today announced an agreement to explore options for the development and manufacture of antibodies and protein-based therapeutics for human and veterinary applications. The memorandum of understanding between the Texas A&M System and XOMA covers programs for advancing healthcare research and technologies through the development of new methods, standards and intellectual properties that, if implemented, will advance the leadership position of the State of Texas in cutting-edge biopharmaceutical research.
Joy Global Inc.
Joy Global Inc. Expands Stock Buyback Program to $2 Billion
MILWAUKEE, Sept. 10, 2008 (GLOBE NEWSWIRE) -- Joy Global Inc. (Nasdaq:JOYG), a worldwide leader in high-productivity mining solutions, today announced that during its regularly scheduled quarterly meeting on September, 9, 2008, the Company's Board of Directors authorized an increase and extension of its share repurchase program. The Board's action increases the authorization from $1 billion to $2 billion and extends the expiration for completing share repurchases from the end of calendar 2008 to the end of calendar 2011. The Company expects to complete the repurchase of shares under the first $1 billion authorization before the end of calendar 2008. The Company may repurchase shares in the open market or through privately negotiated transactions in accordance with applicable rules and regulations of the Securities and Exchange Commission.
Foundry Networks, Inc.
Aruba Networks and Foundry Networks Collaborate to Supply the Federal Market With High-Security Wired and Wireless Solutions
SUNNYVALE, Calif. and SANTA CLARA, Calif., Sept. 10, 2008 (GLOBE NEWSWIRE) -- Aruba Networks, Inc. (Nasdaq:ARUN), a global leader in wireless LANs and secure mobility solutions, and Foundry Networks(r), Inc., a performance and total solutions leader for end-to-end switching and routing, today announced a co-marketing relationship between the companies' wired and wireless LAN products for Federal customers. Common Criteria certification, FIPS 140-2 validation, and compliance with Department of Defense (DoD) Directives 8100.2 and 8500.2 make Aruba's adaptive wireless LANs both unique in the market and ideally suited for Federal requirements. Foundry's high-performance Ethernet products for edge-to-core data, voice and video applications feature built-in security protection and are tailored to Federal mission-critical deployments regardless of environment or traffic. When used together, Aruba's wireless and Foundry's wired products deliver a synergistic, best-of-breed solution with better performance, quality and capabilities than closed single-vendor offerings.
Tyson Foods, Inc.
Tyson Enters Third Poultry Joint Venture in China
SPRINGDALE, Ark., Sept. 10, 2008 (GLOBE NEWSWIRE) -- As part of its continuing international expansion, Tyson Foods, Inc. (NYSE:TSN) has finalized a joint venture agreement involving vertically integrated poultry operations in eastern China, company officials reported today.