latest news releases from the newsroom
Mid Penn Bancorp, Inc.
Mid Penn Bancorp, Inc. Declares Quarterly Cash Dividend
MILLERSBURG, Pa., July 22, 2009 (GLOBE NEWSWIRE) -- The Board of Directors of Mid Penn Bancorp, Inc. (Nasdaq:MPB), parent company of Mid Penn Bank, declared a quarterly cash dividend of 16 cents per share, payable Monday, August 24, 2009, to shareholders of record Wednesday, August 5, 2009.
MSC.Software Creates Customer Advisory Board
SANTA ANA, Calif., July 22, 2009 (GLOBE NEWSWIRE) -- MSC.Software Corp. (Nasdaq:MSCS), a leading global provider of simulation software applications and related services, today announced the creation of a Customer Advisory Board (CAB) that will align MSC.Software products and business practices with recognized thought leaders in automotive, aerospace, energy, manufacturing and other industries. The shared objectives of the CAB members are to identify and accelerate the availability of critical technologies within commercial Computer Aided Engineering (CAE) tools, align technology priorities within and across industries, and help establish business policies and procedures that make it easier for customers to work with MSC.
Paul, Hastings, Janofsky & Walker LLP
Public Interest Law Project, Bay Area Legal Aid, and Paul Hastings Announce Lawsuit Challenging Contra Costa County's Illegal Delays in Providing General Assistance Benefits to Eligible County Residents
MARTINEZ, Calif., July 22, 2009 (GLOBE NEWSWIRE) -- The Public Interest Law Project (PILP), an Oakland, Calif.-based advocacy group, Bay Area Legal Aid (Bay Legal), the largest provider of free legal services in the Bay Area, and Paul Hastings Janofsky and Walker LLP ("Paul Hastings), on behalf of six indigent residents of Contra Costa County, today filed suit against that County, alleging that the County unlawfully delays subsistence benefits for hundreds of eligible, indigent residents who need General Assistance ("GA") to survive. In a lawsuit filed today, the petitioners assert that the County delays applications for GA for an average of six months, and sometimes much longer, and that the county also denies any retroactive benefits to those who are ultimately found to be eligible. The petitioners also assert that Contra Costa County insists upon numerous meetings, disability assessments, job applications, and other steps before it acts on aid applications, forcing indigent applicants to survive for months without any help, or causing them to abandon their attempts to get the help to which they are entitled.
LKQ Creates Program to Support Cars (Car Allowance Rebate System) or Cash for Clunkers
CHICAGO, July 22, 2009 (GLOBE NEWSWIRE) -- LKQ Corporation and its vehicle recycling operations have created the LKQ Assured CARS Disposal program to assist automobile dealers that accept trade-in vehicles under the Car Allowance Rebate System (CARS). LKQ will provide certification of proper destruction, free towing services and payment upon pick up of the trade-in units accepted by automobile dealers.
Brodsky & Smith, LLC
Law Office of Brodsky & Smith, LLC Announces Investigation On Behalf of Shareholders of Bankrate, Inc.
BALA CYNWYD, Pa., July 22, 2009 (GLOBE NEWSWIRE) -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Bankrate, Inc. ("Bankrate" or the "Company") (Nasdaq:RATE) relating to the proposed acquisition by Apax Partners, a global private equity firm ("Apax"). Apax has agreed to acquire Bankrate in an all-cash deal valued at approximately $571 million.
Getfugu Names Entertainment Industry Leader, Michael Jay Solomon, Chairman of the Board
SAN FRANCISCO, July 22, 2009 (GLOBE NEWSWIRE) -- Michael Jay Solomon, founder and Chairman/CEO of Telepictures Corporation, which is credited with creating TV syndication in the U.S., has been named Chairman of The Board of Getfugu, Inc. (OTCBB:GFGU) (www.GetFugu.com), the next generation mobile search tool. Solomon, former President of Lorimar-Telepictures Corporation and President of Warner Bros. Television International, is widely recognized as the largest distributor of U.S. television content in the world for more than thirty-five years. Leathem Stearn, former Chairman of the Board, remains on the Board of Directors.
SGD Holdings, Ltd.
SGD Holdings, Ltd. Acquires Ecopaper, Inc.
TULSA, Okla., July 22, 2009 (GLOBE NEWSWIRE) -- SGD Holdings, Ltd. (Pink Sheets:SGDH), a fully-reporting company, announced today that it has acquired 100% of the issued and outstanding stock of Ecopaper, Inc., which has developed proprietary technology for the manufacture of tree free paper products from materials originating from the harvest of bananas, coffee beans, mangos and lemons. In addition, Ecopaper, Inc. owns and operates www.ecopaper.com.
Magma Design Automation
Magma Announces Toshiba Corporation Deploys Talus for 90-, 65- and 40-nm ASICs and ASSPs
SAN JOSE, Calif. and YOKOHAMA, Japan, July 22, 2009 (GLOBE NEWSWIRE) -- Magma Design Automation Inc. (Nasdaq:LAVA), a provider of chip design software, today announced that Toshiba Corporation, the world's leading supplier of semiconductors for consumer electronics, has deployed Magma's Talus(r) IC implementation software for developing ICs at 90-, 65- and 40-nanometer (nm) process nodes that target multimedia, networking and printer applications, in Toshiba worldwide design centers. Toshiba adopted Talus after an extensive evaluation that proved the software's ability to drastically reduce turnaround time, increase designer productivity and improve quality of results. Toshiba deployed Magma design implementation software in Toshiba's Apex flows in 2001, and now has finished multiple designs including 65-nm and 40-nm tapeouts using Talus through its Apex 4.0 flow.