latest news releases from the newsroom
First Cash Financial Services, Inc.
First Cash Acquires Mexican Pawnshop Operator
ARLINGTON, Texas, Dec. 11, 2008 (GLOBE NEWSWIRE) -- First Cash Financial Services, Inc. (Nasdaq:FCFS) today announced the acquisition of Presta Max, a privately-held chain of 16 pawn stores located in southern Mexico. The Company purchased 100% of the stock of Presta Max in an agreement which was signed and closed on December 5, 2008. The Company believes the transaction will be accretive to its earnings in 2009.
Dow Jones Indexes
Dow Jones 2008 Summer Games Index Changes to Dow Jones Summer/Winter Games Index
NEW YORK, Dec. 11, 2008 (GLOBE NEWSWIRE) -- With the Beijing 2008 Olympic Games now completed, Dow Jones Indexes, a leading global index provider, today announced the renaming of the Dow Jones 2008 Summer Games Index to the Dow Jones Summer/Winter Games Index. The name change reflects the index's objective of measuring the performance of companies that are official sponsors or suppliers of the Olympic Games, starting with the Vancouver 2010 Olympic Winter Games. The new index composition also is being announced today.
ALCO Stores, Inc.
Duckwall-ALCO Stores Reports Results for Third Quarter Fiscal 2009
ABILENE, Kan., Dec. 11, 2008 (GLOBE NEWSWIRE) -- Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK), which offers an exceptional selection of quality merchandise at value prices to small-town America, today announced operating results for its third quarter ending November 2, 2008.
Access Plans USA, Inc.
'My Health Assistant' Receives First Place for Innovative Plan Design and 'Best of Show' National Awards From Consumer Health World Organization
IRVING, Texas, Dec. 11, 2008 (GLOBE NEWSWIRE) -- Access Plans USA, Inc. (Nasdaq:AUSA), a developer and nationwide distributor of quality affordable consumer driven healthcare programs, was awarded First Place in the category "Best Innovative Plan Design" and "Best of Show" for its new product, "My Health Assistant" by Consumer Health World, during the 2008 National Conference on Health Care Consumerism in Arlington, VA. My Health Assistant is an advocacy program that helps put consumers in charge of their healthcare.
Furniture Brands International
Furniture Brands International Takes Steps to Reduce Operating Costs
ST. LOUIS, Dec. 11, 2008 (GLOBE NEWSWIRE) -- Furniture Brands International (NYSE:FBN) announced today that the company is reducing its workforce to reflect continuing soft retail market conditions. The staffing reduction will eliminate approximately 1,400 management, professional and hourly positions across all functions, a decrease of approximately 15% in Furniture Brands' domestic workforce. Severance costs associated with this reduction are expected to total between $8 million and $9 million, most of which will be reflected in the company's fourth quarter 2008 reported financial results. The cash impact of the severance will be incurred in the first quarter of 2009. The elimination of management and professional positions not related to direct production costs is expected to result in annual, run-rate cost savings in excess of $20 million beginning in early 2009. The elimination of direct production positions matches anticipated lower sales volumes stemming from soft market conditions and is expected to lessen the company's exposure to factory down days. Through the first nine months of 2008, factory down day costs totaled $14 million.
Altra Industrial Motion Corp.
Klossner Named to Executive Appointment With Altra Engineered Couplings Group
QUINCY, Mass., Dec. 11, 2008 (GLOBE NEWSWIRE) -- Altra Holdings, Inc. (Nasdaq:AIMC), a leading global supplier of clutch brakes, couplings, gearing, belted drives and power transmission components, announced the appointment of Mark Klossner to the executive position of Vice President and General Manager of the Altra Engineered Couplings Group, according to Altra President and Chief Operating Officer Carl Christenson.
PIMCO Global StocksPLUS & Income Fund
PIMCO Global StocksPLUS & Income Fund Declares Long-Term Capital Gain Distribution
NEW YORK, Dec. 11, 2008 (GLOBE NEWSWIRE) -- The Board of Trustees of PIMCO Global StocksPLUS & Income Fund (the "Fund") (NYSE:PGP), a non-diversified, closed-end management investment company which seeks total return comprised of current income, current gains and long-term capital appreciation, announced today that it has declared a long-term capital gain distribution of $2.0728 per share.
Urban Outfitters, Inc.
Urban Outfitters, Inc. Names Andrew McLean Chief Operating Officer, Europe
PHILADELPHIA, Dec. 11, 2008 (GLOBE NEWSWIRE) -- Urban Outfitters, Inc. (Nasdaq:URBN), a leading lifestyle specialty retail company operating under the Anthropologie, Free People, Terrain and Urban Outfitters brands today announced the appointment of Andrew McLean to the newly-created position of chief operating officer for the company's European operating divisions.