latest news releases from the newsroom
Stull, Stull & Brody
Stull, Stull & Brody Announces Investigation On Behalf of Participants and Beneficiaries of the Ambac Financial Group, Inc.
NEW YORK, Jan. 18, 2008 (PRIME NEWSWIRE) -- Stull, Stull & Brody today announced that it has commenced an investigation relating to the 401(k) defined contribution retirement plans of Ambac Financial Group, Inc. ("Ambac" or the "Company") (NYSE:ABK). Among other things, Stull, Stull & Brody is investigating whether fiduciaries of the Ambac 401(k) plans may have violated the Employee Retirement Income Security Act of 1974 ("ERISA") by failing to disclose the Company's true operating condition to participants and beneficiaries of the plans (including by failing to maintain proper standards and controls relating to the insuring of collateralized debt obligations), by offering Ambac stock as an investment option under the plans when it was not prudent to do so, and/or by allowing an imprudent overconcentration of Company stock in the Company's 401(k) plans.
Northeast Bancorp Announces 2nd Quarter Earnings and Dividend and Progress Toward Relationship Pricing
LEWISTON, Maine, Jan. 18, 2008 (PRIME NEWSWIRE) -- Northeast Bancorp (Nasdaq:NBN), today announced that net income for the second quarter was $402,428, or $0.17 per diluted share, as compared to earnings for the same period last year of $417,356, representing a decline of 4%. Net income for the six months ended December 31, 2007 was $832,993, or $0.35 per diluted share, representing a 4% decrease as compared to net income for the previous six months of $872,023, or $0.35 per diluted share.
Michael Burch Architects
Local Architect, Michael Burch, Honored by Inclusion in Diane Keaton's New Book, CALIFORNIA ROMANTICA
LOS ANGELES, Jan. 18, 2008 (PRIME NEWSWIRE) -- Through spellbinding images and poetic text, CALIFORNIA ROMANTICA, by academy award winning actress and architectural aficionado, Diane Keaton with text by Donald Waldie, exalts the golden age of Southern California's Spanish Colonial/Mediterranean Revival architecture. Ms. Keaton laments that unfortunately many of these beautiful houses are being destroyed by the rapacious real estate environment, and their legacy appears to be a by-gone era. There is, however, a noteworthy exception in her book. CALIFORNIA ROMANTICA features only two new projects -- Michael Burch worked on both -- continuing the romantic tradition of the great 1920s Period Revival architects.
SBA Communications Corporation
SBA Communications Corporation Obtains $285 Million Credit Facility
BOCA RATON, Fla., Jan. 18, 2008 (PRIME NEWSWIRE) -- SBA Communications Corporation (Nasdaq:SBAC) (including its subsidiaries, "SBA" or the "Company") announced today that its wholly owned subsidiary, SBA Senior Finance, Inc. ("SBASF"), has obtained a $285 million, three-year, senior secured revolving credit facility. This facility was provided by a syndicate of lenders. TD Securities (USA) LLC is the lead arranger for the facility and Wachovia Securities is the co-lead arranger.