latest news releases from the newsroom
Ocwen Financial Corp.
Ocwen Announces $300M Venture to Acquire Residential MBS Lower Tranches and Mortgage Servicing
WEST PALM BEACH, Fla., March 9, 2007 (PRIME NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) today announced that it has obtained definitive commitments from affiliates of Angelo, Gordon & Co., Metalmark Capital, LLC and other lead investors to form and capitalize a new business, Ocwen Structured Investments, LLC ("OSI"). OSI will invest in the lower tranches and residuals of residential mortgage-backed securities, related mortgage servicing rights, ABX Index Protection and other similar assets.
HCC Insurance Holdings, Inc.
HCC Names Annette J. Goodreau Senior Vice President and Chief Actuary
HOUSTON, March 9, 2007 (PRIME NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) announced today that Annette J. Goodreau has been promoted to Senior Vice President and Chief Actuary and will have responsibility for all actuarial activities of HCC and its subsidiaries. Ms. Goodreau has 20 years of experience and has been with the Company since 1999, most recently as Senior Vice President and Chief Actuary of its U.S property and casualty insurance company subsidiaries. Ms. Goodreau is a Member of the American Academy of Actuaries and a Fellow of the Casualty Actuarial Society (CAS). She is currently serving as Chairperson of the Program Planning Committee of CAS and a member of the CAS Journal Editorial Board.
GenTek Inc. Announces Annual Meeting to be Held On May 17, 2007
PARSIPPANY, N.J., March 9, 2007 (PRIME NEWSWIRE) -- GenTek Inc. (Nasdaq:GETI) announced today that the 2007 Annual Meeting of Stockholders will be held on Thursday, May 17, 2007 in New York City. The Board of Directors has set a Record Date for the meeting of March 28, 2007, and expects that proxy statements will be mailed to the stockholders during the second week of April. Further details of the time, location and agenda of the meeting will be included in the proxy statement.
AMERCO / U-Haul
AMERCO Announces Common Stock Repurchase Program Increase
RENO, Nev., March 9, 2007 (PRIME NEWSWIRE) -- AMERCO (Nasdaq:UHAL), the parent company of U-Haul International, Inc., Oxford Life Insurance Company, Republic Western Insurance Company and Amerco Real Estate Company, announced today that its Board of Directors has authorized an increase in the Company's common stock repurchase program to a total aggregate amount, net of brokerage commissions, of $115 million (which amount is inclusive of the $50 million common stock repurchase program approved by the Board of Directors in 2006). As with the original program, the Company may repurchase stock from time to time on the open market until October 31, 2007.
Applied Micro Circuits Corporation
Applied Micro Circuits Corporation Makes Announcement Following Its 2006 Annual Meeting of Stockholders Held Today
SUNNYVALE, Calif., March 9, 2007 (PRIME NEWSWIRE) -- Applied Micro Circuits Corporation (Nasdaq:AMCC) held its 2006 Annual Meeting of Stockholders today, March 9, 2007 at its corporate headquarters in Sunnyvale, California. At the meeting, the Company's stockholders approved each of the proposals described in the Company's Definitive Proxy Statement filed with the Securities and Exchange Commission on January 29, 2007, including election of the following directors: Cesar Cesaratto, Kambiz Hooshmand, Niel Ransom, Fred Shlapak, Art Stabenow and Julie Sullivan.