latest news releases from the newsroom
Monroe Bancorp Reports Earnings of $1,107,000 or $0.178 Per Fully Diluted Share for the First Quarter of 2009
BLOOMINGTON, Ind., April 28, 2009 (GLOBE NEWSWIRE) -- Monroe Bancorp (the "Company") (Nasdaq:MROE), the independent Bloomington-based holding company for Monroe Bank (the "Bank"), reported net income of $1,107,000, or $0.178 per basic and diluted common share, for the quarter ended March 31, 2009. Net income for the quarter was 30.5 percent less than the $1,593,000 reported for the same period of 2008 and earnings per diluted share for the quarter was 30.5 percent less than the $0.256 reported a year earlier. The results for the first quarter of 2009 increased compared to the fourth quarter of 2008 net loss of ($209,000) or ($0.034) per diluted share.
Harsco Reaffirms Continuing Countermeasures Strategies At Annual Meeting of Stockholders
HARRISBURG, Pa., April 28, 2009 (GLOBE NEWSWIRE) -- Addressing stockholders at the Company's 54th Annual Meeting, Harsco Chairman and CEO Salvatore D. Fazzolari today reaffirmed the Company's strategies for weathering the continuing global financial and economic turbulence, saying that, "We fully expect 2009 to be an exceptionally challenging year, but we are managing through this difficult operating and financial environment by positioning the Company to emerge even stronger."
Levi & Korsinsky, LLP
Levi & Korsinsky, LLP Investigates Breach of Fiduciary Duty by the Board of Atlas Energy Resources, LLC
NEW YORK, April 28, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the board of directors of Atlas Energy Resources, LLC ("Atlas Energy" or the "Company") (NYSE:ATN) arising out of their attempt to sell the Company to Atlas America Inc. ("Atlas America"). Under the terms of the agreement, shareholders of Atlas America will receive 1.16 shares of Atlas America for each share of Atlas Energy they own which equates to $14.39 per share based on the April 24, 2009 closing price of Atlas America stock or approximately $12.82 per share based on the average of Atlas America's closing stock price over the last 30 days. The transaction is unfair, given that, among other things, the Company's shares traded above $16.80 per share as recently as February 13, 2009.