latest news releases from the newsroom
Center Bancorp, Inc.
Center Bancorp, Inc. Declares Quarterly Dividend of $.09 Per Share
UNION, N.J., May 22, 2008 (PRIME NEWSWIRE) -- Center Bancorp, Inc. (Nasdaq:CNBC), parent company to Union Center National Bank of Union, ("UCNB"), New Jersey, announced at its Board meeting on May 22, 2008, the Board of Directors declared a quarterly cash dividend of $.09 per share. This dividend declared is for the quarter ending June 30, 2008. The dividend will be distributed on August 1, 2008, to shareholders of record on July 17, 2008.
WSFS Financial Corporation
WSFS Bank Announces Partnership in Summer Music Series in Lewes
WILMINGTON, Del., May 22, 2008 (PRIME NEWSWIRE) -- WSFS Financial Corporation (Nasdaq:WSFS), the parent company of WSFS Bank, announced a partnership with the City of Lewes to host the WSFS Bank Summer Music Series in Lewes, Delaware. Nearly 8,000 people are expected to attend the 17 planned concerts at Stango Park this summer.
Tyson Foods, Inc.
Tyson and Alpha Kappa Alpha Provide Leadership Training for Undergraduate Students
SPRINGDALE, Ark., May 22, 2008 (PRIME NEWSWIRE) -- Tyson Foods, Inc. (NYSE:TSN) and Alpha Kappa Alpha Sorority, Inc., (AKA) America's first Black women's Greek-letter organization, are once again partnering to provide leadership training for some of America's best and brightest minority female college students.
Burke Harvey & Frankowski
Burke, Harvey & Frankowski, LLC Files Another FINRA Arbitration Against Morgan Keegan; Investor Seeks Damages of $4 Million
BIRMINGHAM, Ala., May 22, 2008 (PRIME NEWSWIRE) -- The securities law firm of Burke, Harvey & Frankowski, LLC (www.bhflegal.com) announced today that it filed another arbitration claim against Morgan Keegan on behalf of an investor that lost over four million dollars. The arbitration Statement of Claim, filed with the FINRA (Financial Industry Regulatory Authority) Office of Dispute Resolution, alleges damages relating to the sale of unsuitable bond funds, including the RMK High Income Fund (RMH), the RMK Multi-Sector High Income Fund (RHY), the RMK Advantage Income Fund (RMA), the RMK Strategic Income Fund (RSF), and the Regions MK Select High Income Fund (MKHIX). Specifically, the claim alleges that Morgan Keegan misrepresented and omitted material information in the Funds' registration statements and prospectuses concerning the nature and extent of the Funds' investments in collateralized debt obligations ("CDOs"), and the Funds' resulting exposure to the subprime mortgage market. Further, the claim alleges damages as a result of Morgan Keegan's false and misleading statements about the Funds' safety and ability to generate income.
Cree Announces Volume Shipments of LR4 Recessed LED Down Lights
DURHAM, N.C., May 22, 2008 (PRIME NEWSWIRE) -- Cree, Inc. (Nasdaq:CREE), a market leader in LED lighting, announces volume shipments in May of the LR4, a four-inch architectural recessed LED down light for new construction and renovation projects. The LR4 has been specified in a number of significant projects, including corporate campuses, full-service hotels, and global restaurant chains.
INFINITE Software Corporation
INFINITE Software Wins FDIC Contract
LAGUNA NIGUEL, Calif., May 22, 2008 (PRIME NEWSWIRE) -- INFINITE Software Corporation (Pink Sheets:IFSC), a leader in Legacy Extension, Business Intelligence and loan production software for banks, credit unions and consumer lending institutions and developer of the award-winning INFINITE product lines, announced today that it has won a significant contract with the Federal Deposit Insurance Corporation.
Mobile Entertainment Forum
The Mobile Industry Meets Hollywood Heavyweights At MEFCON 2008
LOS ANGELES, May 22, 2008 (PRIME NEWSWIRE) -- The Mobile Entertainment Forum (MEF) today announced that Thomas Gewecke and Terry Rossio are now on the official agenda for MEFCON 2008. Gewecke is the President of Digital Distribution for Warner Bros. Home Entertainment Group and will deliver a keynote on the mobile landscape from a studio perspective. Rossio is an Oscar-nominated writer and producer and will discuss his first foray into mobile entertainment at the Mobile Video Spotlight. MEFCON takes place May 28-29 at the Marriott Marina Del Rey. Gewecke is scheduled to speak on May 28 from 3:00-4:00 p.m. and Rossio will speak on May 29 from 2:00-2:30 p.m.
Cascade Financial Corp.
Cascade Financial Reauthorizes Stock Repurchase Program
EVERETT, Wash., May 22, 2008 (PRIME NEWSWIRE) -- Cascade Financial Corporation (Nasdaq:CASB), parent company of Cascade Bank, today announced that its Board of Directors has authorized the repurchase of up to 300,000 shares of its common stock, representing approximately 2.5% of outstanding shares. Under the plan, which runs through May 31, 2009, shares may be repurchased by the company on the open market or in privately negotiated transactions. The extent to which the company repurchases its shares and the timing of such repurchases will depend upon market conditions and other corporate considerations.