latest news releases from the newsroom
Fear of Recession is Dominant Concern Among Global CEOs; CEOs in Emerging Economies More Confident Than in Developed Countries
DAVOS, Switzerland, Jan. 22, 2008 (PRIME NEWSWIRE) -- CEOs' confidence about prospects for business declined for the first time since the 2003 survey and fear of a global recession emerged as the major threat to growth in PricewaterhouseCoopers 11th Annual Global CEO Survey. Compared to last year, possible economic downturn is the only risk factor to increase in concern among CEOs. All other risks to growth -- including energy supply, global climate change, and terrorism -- declined as business threats. Over-regulation and availability of talent were also top CEO concerns.
Equity Media Holdings Corporation
Equity Media Names Patrick Doran Chief Financial Officer
LITTLE ROCK, Ark., Jan. 22, 2008 (PRIME NEWSWIRE) -- Equity Media Holdings Corporation (Nasdaq:EMDA) announced today that Patrick Doran has been named Chief Financial Officer for the company, effective immediately. Doran, who has over 28 years of diversified financial and operational experience in major corporations, joined Equity Media in a consulting role in November.
Southcoast Financial Corporation
Southcoast Announces Stock Buy Back
MT. PLEASANT, S.C., Jan. 22, 2008 (PRIME NEWSWIRE) -- Southcoast Financial Corporation (Nasdaq:SOCB) announced today that its Board of Directors has authorized the repurchase of up to 484,527 shares of its common stock (ten percent of outstanding shares at January 15, 2008). Purchases will be in the open market and block trades will be permitted, all in accordance with Rule 10b-18 under the Securities Exchange Act of 1934. Purchases will be transacted through one or more brokerage firms determined by the Company's management.
KNBT Bancorp, Inc. Declares Quarterly Cash Dividend
LEHIGH VALLEY, Pa., Jan. 22, 2008 (PRIME NEWSWIRE) -- KNBT Bancorp, Inc. (Nasdaq:KNBT) ("KNBT"), the holding company for Keystone Nazareth Bank & Trust Company (the "Bank"), today announced that the board of directors declared what it expects to be its final quarterly cash dividend of $0.12 per share. As previously announced, subject to receipt of all required regulatory approvals and satisfaction of other closing conditions set forth in the merger agreement, the pending merger of KNBT with and into National Penn Bancshares, Inc. is scheduled to be completed on February 1, 2008.