latest news releases from the newsroom
Loral Space & Communications Inc.
Loral Reports First Quarter 2009 Financial Results
NEW YORK, May 11, 2009 (GLOBE NEWSWIRE) -- Loral Space & Communications Inc. (Nasdaq:LORL) today announced its financial results for the three months ended March 31, 2009.
Kaiser Aluminum Corporation
Kaiser Aluminum to Host 2009 Investor Day
FOOTHILL RANCH, Calif., May 11, 2009 (GLOBE NEWSWIRE) -- Kaiser Aluminum (Nasdaq:KALU) today announced it will host an Investor Day on Wednesday, May 20, 2009 in New York City. President, Chief Executive Officer and Chairman Jack A. Hockema, and Senior Vice President and Chief Financial Officer, Daniel J. Rinkenberger will be discussing the company's business strategy, operations and future opportunities. Presentations will begin at 10:30 a.m. EDT followed by a Q&A session, which will conclude at 12:00 p.m. EDT.
Syntel to Present At J.P. Morgan Technology, Media and Telecom Conference On May 18, 2009
TROY, Mich., May 11, 2009 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) company, today announced that the Company's Chairman, Bharat Desai, will present at J.P. Morgan's 37th Annual Technology, Media and Telecom Conference at 3:00 p.m. (Eastern) on Monday, May 18, 2009 at the Westin Boston Waterfront Hotel.
LINN Energy, LLC
LINN Energy Announces Public Offering of Units
HOUSTON, May 11, 2009 (GLOBE NEWSWIRE) -- LINN Energy, LLC (Nasdaq:LINE) announced today that it plans to make a public offering of 4,500,000 units of its limited liability company interests pursuant to an effective shelf registration statement on Form S-3ASR filed with the Securities and Exchange Commission. LINN Energy has granted the underwriters a 30-day option to purchase up to an additional 675,000 units. Net proceeds from the offering are expected to be used for the repayment of debt under LINN Energy's revolving credit facility and for general corporate purposes.
LINN Energy, LLC
LINN Energy Announces Private Offering of Senior Notes
HOUSTON, May 11, 2009 (GLOBE NEWSWIRE) -- LINN Energy, LLC (Nasdaq:LINE) and its subsidiary, Linn Energy Finance Corp., announced plans to commence a private offering to eligible purchasers of $200 million in aggregate principal amount of senior unsecured notes due 2017. LINN Energy intends to use the net proceeds of the proposed offering to repay outstanding indebtedness under its revolving credit facility.
Gencor Industries, Inc.
Gencor Releases Second Quarter Fiscal 2009 Results
ORLANDO, Fla., May 11, 2009 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (Nasdaq:GENC) announced net revenue for the three months ended March 31, 2009, was $15.4 million, compared to $24.6 million from the three months ended March 31, 2008. Operating income for the three months ended March 31, 2009, was a loss of $1.0 million, compared to income of $3.5 million for the first quarter of the prior fiscal year. The Company had a gain of $0.5 million on the increase in value of its marketable securities in the three months ended March 31, 2009, compared to a loss of $1.4 million in the first three months of the prior fiscal year. As a result, the Company had a net loss of $.3 million or $.04 per share for the three months ended March 31, 2009, compared to Net Income of $1.3 million or $.14 per share for the three months ended March 31, 2008.