latest news releases from the newsroom
TMNG Global Reports 2009 Second Quarter Results
OVERLAND PARK, Kan., Aug. 13, 2009 (GLOBE NEWSWIRE) -- TMNG Global (Nasdaq:TMNG), a leading provider of management consulting and software solution services to the global communications, media and entertainment industries, reported financial results for its 2009 second quarter ended July 4, 2009.
Endurance Specialty Holdings Ltd.
Endurance's Board of Directors Declares Quarterly Dividend of $0.25 Per Ordinary Share and $0.484375 Per Series A Preferred Share
PEMBROKE, Bermuda, Aug. 13, 2009 (GLOBE NEWSWIRE) -- Endurance Specialty Holdings Ltd. (NYSE:ENH), a Bermuda-based provider of property and casualty insurance and reinsurance, today announced that its Board of Directors declared a quarterly dividend of $0.25 per ordinary share and $0.484375 per share payable on its 7.75% Non-Cumulative Preferred Shares, Series A. The dividend on Endurance's outstanding ordinary shares will be payable on September 30, 2009 to the ordinary shareholders of record on September 16, 2009 and the dividend on Endurance's Series A Preferred Shares will be payable on September 15, 2009 to the Series A Preferred shareholders of record on September 1, 2009.
MAKO Surgical Corp.
MAKO Surgical Corp. Announces Common Stock Offering
FORT LAUDERDALE, Fla., Aug. 13, 2009 (GLOBE NEWSWIRE) -- MAKO Surgical Corp. (Nasdaq:MAKO), a medical device company that markets both its RIO(r) robotic arm interactive orthopedic surgical platform and proprietary RESTORIS(r) implants for minimally invasive orthopedic knee procedures known as MAKOplasty(r), today announced that it intends to offer shares of its common stock in a public offering. Piper Jaffray & Co. is acting as the sole book-running manager for the offering and Leerink Swann LLC is acting as co-manager.
Ticketmaster Entertainment, Inc.
Ticketmaster Entertainment, Inc. Reports Second Quarter 2009 Financial Results
WEST HOLLYWOOD, Calif., Aug. 13, 2009 (GLOBE NEWSWIRE) -- Ticketmaster Entertainment, Inc. ("Ticketmaster Entertainment" or the "Company") (Nasdaq:TKTM), the world's leading live entertainment ticketing and marketing company, today announced financial results for its second quarter ended June 30, 2009. Revenues for the second quarter were $355.1 million, 7% lower than the prior-year quarter. Ticketing revenues for the second quarter were $311.9 million, down 18% versus the prior-year quarter. Adjusted EBITDA was $56.3 million for the second quarter ended June 30, 2009 compared to $70.2 million for the second quarter ended June 30, 2008. The decline in Adjusted EBITDA was a result of ticketing volume declines, merger expenses related to the pending merger (the "Merger") with Live Nation, Inc. ("Live Nation"), public company expenses and foreign exchange volatility. Excluding the costs incurred in connection with the Merger, Adjusted EBITDA was $64.8 million, Adjusted net income attributable to Ticketmaster Entertainment, Inc. was $11.7 million and Adjusted earnings per share was $0.20. Free Cash Flow in the second quarter of 2009 was $41.5 million, compared to $5.6 million of Free Cash Flow in the second quarter of 2008.
Finkelstein Thompson LLP
Finkelstein Thompson LLP Announces Investigation of On2 Technologies, Inc. Acquisition
WASHINGTON, Aug. 13, 2009 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is investigating potential shareholder claims arising from the proposed acquisition of On2 Technologies, Inc. ("On2" or the "Company") (AMEX:ONT) by Google Inc. ("Google") (Nasdaq:GOOG). Under the terms of the proposed merger, On2 shareholders will receive $0.60 worth of Google class A common stock for each outstanding share of On2 common stock they own, valuing the deal at approximately $106.5 million.
Dynamics Research Corporation
Dynamics Research Corporation Reports Closure of a Legacy Legal Matter
ANDOVER, Mass., Aug. 13, 2009 (GLOBE NEWSWIRE) -- Dynamics Research Corporation (Nasdaq:DRCO), a leading provider of innovative management consulting, engineering, technology and information technology services and solutions to federal and state governments, today announced that DRC, the Department of Justice, and the United States Attorney's Office, Boston, MA have executed a settlement agreement avoiding any further litigation of issues arising from events which took place in the 1990's. The Department of Justice filed its case against the Company in October 2003. The settlement involves DRC's admission of liability solely for breach of contract, payment of $15 million to the government and dismissal with prejudice of all other claims against DRC.
Finkelstein Thompson LLP
Finkelstein Thompson LLP Announces Investigation of Frontier Financial Corp. Acquisition
WASHINGTON, Aug. 13, 2009 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is investigating potential shareholder claims arising from the proposed acquisition of Frontier Financial Corp. ("Frontier Financial" or the "Company") (Nasdaq:FTBK) by SP Acquisition Holdings, Inc. ("SPAH") (AMEX:DSP). Under the terms of the proposed merger, Frontier Financial shareholders will receive 0.0530 of a share of SPAH common stock and 0.0530 of SPAH warrants with an $11.50 per share exercise price for each share of Frontier Financial common stock owned.
Northrop Grumman Corp.
Northrop Grumman Opens Army Knowledge Online Emerging Technologies Lab
MCLEAN, Va., Aug. 13, 2009 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) has established an Army Knowledge Online (AKO)/Defense Knowledge Online (DKO) Emerging Technologies Lab with the aim of delivering Web-based capabilities and services to the warfighter and other users with even more speed, reliability and security.
Northrop Grumman Corp.
Two Northrop Grumman Facilities Achieve Highest CMMI(r) Rating for Systems, Software and Hardware Engineering
BALTIMORE, Aug. 13, 2009 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) has announced that its Electronic Systems sector campuses in Baltimore and Norwalk, Conn., have been appraised at Capability Maturity Model Integration (CMMI(r)) Maturity Level 5 -- the highest rating possible -- for a broad range of systems, software and hardware engineering processes with aspects of manufacturing, program management, organizational management, logistics and supply chain management.