latest news releases from the newsroom
RADA Electronic Industries Ltd.
RADA Electronic Industries Announces Full Year 2008 Results
NETANYA, Israel, March 16, 2009 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (Nasdaq:RADA) today reported its financial results for the year ended December 31, 2008. The company reported revenues in 2008 of $17.9 million, an increase of 27% from 2007. Rada's gross profit increased 26% to $4.2 million in 2008 from $3.3 million in 2007. The gross margin was 24% in both 2008 and 2007. The Company had operating profit of $110,000 in 2008 compared to an operating loss of $387,000 in 2007. As a result, the Company reported a net loss of $576,000 or $0.07 per share. This compares with a net loss of $1.08 million or $0.12 per share, for the year ended December 31, 2007.
The Shuman Law Firm
The Shuman Law Firm Files a Securities Class Action Lawsuit Against Oppenheimer Champion Income Funds -- OPCHX, OCHBX, OCHCX, OCHNX, OCHYX
BOULDER, Colo., March 16, 2009 (GLOBE NEWSWIRE) -- The Shuman Law Firm today announced that it has filed a lawsuit seeking class action status in the United States District Court for the District of Colorado on behalf of a proposed class (the "Class") consisting of all persons or entities who purchased or held shares in the following Oppenheimer Champion Income Funds (the "Fund"): A Shares (Nasdaq:OPCHX), B Shares (Nasdaq:OCHBX), C Shares (Nasdaq:OCHCX), N Shares (Nasdaq:OCHNX) and Y Shares (Nasdaq:OCHYX) between August 7, 2006 to December 9, 2008, inclusive (the "Class Period"), including in connection with its August 7, 2006, January 26, 2007 and January 25, 2008 stock offerings.