latest news releases from the newsroom
Labaton Sucharow LLP
Expanded Class Action Lawsuit Filed Against Merck & Co., Inc., Announces Labaton Sucharow LLP -- MRK
NEW YORK, May 7, 2008 (PRIME NEWSWIRE) -- Labaton Sucharow LLP filed a class action lawsuit on May 5, 2008 in the United States District Court for the District of New Jersey, on behalf of purchasers of the securities of Merck & Co., Inc. ("Merck" or the "Company") (NYSE:MRK) between July 24, 2006 and March 28, 2008, inclusive (the "Class Period"). This action expands the class period in the previously filed Merck action. The complaint names Merck and Richard T. Clark as defendants (collectively, "Defendants").
Immunomedics Announces Third Quarter Fiscal 2008 Results
MORRIS PLAINS, N.J., May 7, 2008 (PRIME NEWSWIRE) -- Immunomedics, Inc. (Nasdaq:IMMU), a biopharmaceutical company focused on developing monoclonal antibodies to treat cancer and other serious diseases, today reported revenues of $0.9 million and a net loss of $8.2 million, or $0.11 per share, for the third quarter of fiscal year 2008, which ended March 31, 2008. This compares to revenues of $0.9 million and a net loss of $5.1 million, or $0.08 per share, for the same period last year. The increase in net loss in the current quarter was primarily the result of an adjustment of $2.2 million to reduce the market value of our investments in auction rate securities (ARS). The Company continues to earn interest on its ARS investments in accordance with the corresponding contractual terms. Increased research and development spending of $2.0 million also contributed to the increase in net loss this quarter, which was partially offset by the sale of executive insurance contracts and reduced interest expense.
Ultrapetrol (Bahamas) Limited
Ultrapetrol (Bahamas) Limited to Host Investor and Analyst Event
NASSAU, Bahamas, May 7, 2008 (PRIME NEWSWIRE) -- Ultrapetrol (Bahamas) Limited (Nasdaq:ULTR) announced today that it will host an investor and analyst meeting on Wednesday, May 14, 2008 in New York. Members of Ultrapetrol's senior management team will present at 12:30 p.m. ET.
Legacy Reserves LP
Legacy Reserves LP Announces First Quarter 2008 Results
MIDLAND, Texas, May 7, 2008 (PRIME NEWSWIRE) -- Legacy Reserves LP ("Legacy") (Nasdaq:LGCY) today announced first quarter results for 2008. This unaudited financial information is preliminary and is subject to adjustments in connection with the final unaudited financial statements to be released on or about May 9, 2008 within Legacy's Quarterly Report on Form 10-Q.
SRI/Surgical Express, Inc.
SRI Surgical Reports First Quarter 2008 Financial Results
TAMPA, Fla., May 7, 2008 (PRIME NEWSWIRE) -- SRI/Surgical Express, Inc. (Nasdaq:STRC), a leading provider of reusable surgical device reprocessing services supporting the healthcare industry, today announced financial results for the first quarter ended March 31, 2008.
SourceForge Implements OpenID Technology
MOUNTAIN VIEW, Calif., May 7, 2008 (PRIME NEWSWIRE) -- SourceForge(r) (Nasdaq:LNUX), the leader in community-driven media and e-commerce, today announced inclusion of the OpenID functionality in their SourceForge.net website. OpenID is an open, decentralized, framework for digital identity that eliminates the need for multiple usernames across different websites. SourceForge.net users can now log in with an OpenID and receive a corresponding SourceForge.net identity for use at other sites that support OpenID logins.
Aquila Shareholders Reelect Directors and Ratify Selection of Auditor
KANSAS CITY, Mo., May 7, 2008 (PRIME NEWSWIRE) -- Shareholders of Aquila, Inc. (NYSE:ILA) today reelected three directors to its board and ratified the appointment of KPMG LLP as the company's independent registered public accountant. The company's annual meeting was held in Blue Springs, MO, a community in Aquila's service territory.