latest news releases from the newsroom
The Children's Place, Inc.
Hoop Holdings, LLC and Its Subsidiaries Announce Filing of Chapter 11 Petitions
SECAUCUS, N.J., March 26, 2008 (PRIME NEWSWIRE) -- Hoop Holdings, LLC, a subsidiary of The Children's Place Retail Stores, Inc. (Nasdaq:PLCE), today announced that Hoop Holdings, LLC and its subsidiaries ("Hoop") D/B/A Disney Store North America ("DSNA") have voluntarily filed petitions under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware, and the Canadian subsidiary expects to file under the Companies' Creditors Arrangement Act in Toronto, Canada. Hoop intends to pursue the transfer of a substantial portion of the DSNA business to an affiliate of The Walt Disney Company. Neither Hoop's parent company, The Children's Place Retail Stores, Inc., nor any of its parent company's other subsidiaries is commencing a Chapter 11 case.
CombiMatrix Corporation Receives Going Concern Qualification
MUKILTEO, Wash., March 26, 2008 (PRIME NEWSWIRE) -- CombiMatrix Corporation (Nasdaq:CBMX) announced today that its financial statements for the fiscal year ended December 31, 2007, included in the Company's Annual Report on Form 10-K filed on March 19, 2008, contained a going concern qualification from its independent registered accounting firm Peterson Sullivan PLLC.
MMC Energy, Inc.
MMC Energy, Inc. Authorizes a Stock Repurchase Plan
NEW YORK, March 26, 2008 (PRIME NEWSWIRE) -- MMC Energy, Inc. (Nasdaq:MMCE) announced today that the Company's board of directors has approved a program for the repurchase of up to $2,500,000 of the Company's common stock in the open market or in private transactions during the 6-month period ending September 30, 2008. Repurchases will be made under the program using the Company's own cash resources. Merriman Curhan Ford & Co. will act as agent for the Company's stock repurchase program.