latest news releases from the newsroom
Pacific Sunwear of California, Inc.
Pacific Sunwear to Explore Strategic Alternatives for Its Demo Stores; Announces Plans to Close Its One Thousand Steps Stores
ANAHEIM, Calif., Oct. 24, 2007 (PRIME NEWSWIRE) -- Pacific Sunwear of California, Inc. (Nasdaq:PSUN) (the "Company") today announced that it will explore strategic alternatives for the Company's demo stores and close its One Thousand Steps stores. The determination to take these actions resulted from a comprehensive review and evaluation of the real estate portfolio and profit performance of the Company's demo and One Thousand Steps stores. The Company plans to engage an investment banker to assist in identifying and evaluating strategic alternatives for the demo stores, and to close the One Thousand Steps stores as soon as is practical.
W.P. Stewart & Co., Ltd.
W.P. Stewart & Co., Ltd. Suspends Dividend
HAMILTON, Bermuda, Oct. 24, 2007 (PRIME NEWSWIRE) -- In order to ensure sufficient cash resources to complete the successful turnaround in its business, W.P. Stewart & Co., Ltd. (NYSE:WPL) announced today the suspension of the regular quarterly dividend payment to common shareholders.
Power Integrations, Inc.
Power Integrations Establishes Foundry Partnership With Epson
SAN JOSE, Calif., Oct. 24, 2007 (PRIME NEWSWIRE) -- Power Integrations (Nasdaq:POWI), the leader in high-voltage analog integrated circuits for power conversion, today announced that it has established a foundry partnership with Seiko Epson Corporation ("Epson"). Qualification was completed during the third quarter of 2007, and production of Power Integrations' high-voltage power-conversion ICs is now ramping at Epson's wafer-fabrication facilities in Japan.
Express Scripts, Inc.
Express Scripts Reports a 43 Percent Increase in Adjusted Earnings Per Share
ST. LOUIS, Oct. 24, 2007 (PRIME NEWSWIRE) -- Express Scripts, Inc. (Nasdaq:ESRX) announced third quarter net income of $142.9 million, or $0.56 per diluted share, which includes non-recurring charges totaling $0.04 per diluted share discussed below. Excluding these charges, diluted earnings per share was $0.60, a 43 percent increase over $0.42 per diluted share for the same quarter last year. All per share amounts have been adjusted to reflect the Company's 2-for-1 stock split, which was effective June 22, 2007.
The NASDAQ OMX Group, Inc.
NASDAQ Announces Mid-Month Open Short Interest Positions in NASDAQ Stocks as of Settlement Date October 15, 2007
NEW YORK, Oct. 24, 2007 (PRIME NEWSWIRE) -- At the end of the settlement date of October 15, 2007, short interest in 2,694 NASDAQ Global Market(sm) securities totaled 7,727,423,839 shares compared with 7,912,885,287 shares in 2,702 Global Market issues reported for the prior settlement date of September 28, 2007. The mid-October short interest represents 4.21 days average daily NASDAQ Global Market share volume for the reporting period, compared with 4.44 days for the prior reporting period.
Barrett Business Services, Inc.
BBSI Announces Third Quarter 2007 Operating Results, Financial Guidance for 4Q07 and Conference Call
VANCOUVER, Wash., Oct. 24, 2007 (PRIME NEWSWIRE) -- Barrett Business Services, Inc. (Nasdaq:BBSI) reported today net income of $6.3 million for the third quarter ended September 30, 2007, an improvement of $720,000 or 12.9% over net income of $5.6 million for the third quarter of 2006. Diluted earnings per share for the 2007 third quarter were $.54, as compared to diluted earnings per share of $.48 for the same quarter a year ago.