latest news releases from the newsroom
Trump Entertainment Resorts Inc.
Trump Entertainment Resorts Enters Into Agreement to Sell Company; Files Plan of Reorganization
ATLANTIC CITY, N.J., Aug. 3, 2009 (GLOBE NEWSWIRE) -- Trump Entertainment Resorts, Inc. (Pink Sheets:TRMP) (the "Company") announced today that it entered into a Purchase Agreement (the "Purchase Agreement") with Donald J. Trump ("Trump") and BNAC, Inc., an affiliate of Beal Bank Nevada, under the terms of which Trump and BNAC will invest $100 million cash in the newly private company and become its owners.
Keller Rohrback L.L.P.
Keller Rohrback L.L.P. Announces Investigation of Principal Funds, Such as Those Offered in the Blockbuster, the Meredith Corp., and Other 401(k) Plans
SEATTLE, Aug. 3, 2009 (GLOBE NEWSWIRE) -- Attorney Advertising. Keller Rohrback L.L.P. (www.krclassaction.com) today announced that it is investigating Principal Global Investors, LLC and Principal Funds, Inc. (collectively, "Principal") regarding losses to certain Principal mutual funds, such as Principal's LifeTime 2010 Fund, LifeTime 2020 Fund, LifeTime Strategic Income Fund, Large Cap Blend, and Mid Cap Blend funds offered in the Blockbuster Investment Plan and/or the Meredith Savings and Investment Plan, among others. Our investigation focuses on misrepresentations, mismanagement, and/or excessive fees related to those Principal funds, as well as the following funds:
Summit State Bank
Healdsburg Resident Jim Brush Joins Summit State Bank's Board of Directors
SANTA ROSA, Calif., Aug. 3, 2009 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq:SSBI) appointed Jim Brush to its Board of Directors. Founded in 1984, Summit State Bank has grown to become Sonoma County's top rated bank by Bauer Financial, with branches in Healdsburg, Petaluma, Rohnert Park, and two locations in Santa Rosa.
Baywood International Inc
Costco Wholesale Rolling Out New Leaf in Canada
SCOTTSDALE, Ariz., Aug. 3, 2009 (GLOBE NEWSWIRE) -- New Leaf Brands, a wholly-owned subsidiary of Baywood International, Inc. (OTCBB:BAYW) ("Company"), announced that Costco Wholesale is rolling out New Leaf Tea in all 77 stores in Canada starting the first week of this month. The product will be sold in variety packs in both English and French to meet Canada's special label requirements that include 3 bottles of 4 flavors (Plum, Lemon, Ginseng and Honey Dew). The variety pack will be sold to Costco Wholesale through one of Canada's largest and leading beverage distributors, A. Lassonde, Inc. that markets beverages in every Canadian province.
Harry Potter and the Half-Blood Prince Posts Strong Domestic Opening Results in IMAX(R) Theatres
LOS ANGELES, Aug. 3, 2009 (GLOBE NEWSWIRE) -- IMAX Corporation (Nasdaq:IMAX) (TSX:IMX) and Warner Bros. Pictures today announced that the wide domestic release of Harry Potter and the Half-Blood Prince: An IMAX 3D Experience opened with strong box office results, generating a five day total of approximately $4.7 million from 166 IMAX(R) theatres. The film's domestic three day weekend total is approximately $3.2 million, with a per screen average of approximately $19,000 from Friday, July 31 through Sunday, August 2. The IMAX release contributed approximately 17% of the film's $18 million domestic weekend total. Nineteen of the top twenty and forty-seven out of the top fifty screens showing the film in North America during the weekend were IMAX locations.
GenTek Inc. Announces Earnings Call Tuesday, August 11, 2009, 11 a.m. E.T.
PARSIPPANY, N.J., Aug. 3, 2009 (GLOBE NEWSWIRE) -- GenTek Inc. (Nasdaq:GETI) has scheduled a conference call on Tuesday, August 11, 2009 at 11 a.m. Eastern Time to review the Company's financial results for the second quarter ended June 30, 2009. Remarks by William E. Redmond, Jr., President and Chief Executive Officer of GenTek Inc. and by Thomas B. Testa, Vice President and Chief Financial Officer of the Company will be followed by a Q & A session.
Furniture Brands International
Furniture Brands Adopts Stockholder Rights Plan to Preserve Value of Net Deferred Tax Assets
ST. LOUIS, Aug. 3, 2009 (GLOBE NEWSWIRE) -- Furniture Brands International (NYSE:FBN) today announced that its board of directors has terminated its existing rights plan and has adopted a new stockholder rights plan to preserve the value of the company's net deferred tax assets. The adopted stockholder rights plan reduces the risk of limitation of net operating loss carryforwards and certain other tax benefits under Section 382 of the Internal Revenue Code. The new stockholder rights plan also maintains the provisions of the company's prior stockholder rights plan, including the 15 percent ownership threshold, which is designed to protect stockholders against potential acquirers who may pursue coercive or unfair tactics aimed at gaining control of the company without paying a full and fair price to all stockholders. The company intends to seek stockholder approval of this rights plan at its next annual meeting.