latest news releases from the newsroom
FCStone Group, Inc.
FCStone Group, Inc. Issues Statement Addressing Developments At Sentinel Management Group
WEST DES MOINES, Iowa, Aug. 20, 2007 (PRIME NEWSWIRE) -- In light of the recent news regarding Sentinel Management and its liquidity concerns, FCStone Group, Inc. (Nasdaq:FCSX), a commodity risk management firm, has assessed its exposure to Sentinel's recent sale of certain of the assets it manages, including a certain limited amount of the Company's segregated assets, to Citadel Investment Group LLC at discounts believed to be up to 30%. Sentinel has informed FCStone that it expects to distribute to FCStone at least 75% of the value of FCStone's assets held by Sentinel. Based on this information, FCStone anticipates that the resolution of Sentinel's liquidity concerns is likely to cause the Company to incur a one-time after-tax charge of approximately $3.5 million in the current quarter.
FuelCell Energy, Inc.
Pepperidge Farm, Incorporated, the Connecticut Clean Energy Fund and FuelCell Energy, Inc. Partner to Install a New 1.2 MW Fuel Cell to Power Pepperidge Farm's Bloomfield, CT, Bakery
DANBURY, Conn., Aug. 20, 2007 (PRIME NEWSWIRE) -- FuelCell Energy, Inc., Pepperidge Farm, Incorporated, and the Connecticut Clean Energy Fund announced today that they have partnered to install a 1.2 MW fuel cell at Pepperidge Farm's Bloomfield, CT, bakery. The initiative is being supported by the Connecticut Clean Energy Fund (CCEF), a ratepayer fund administered by Connecticut Innovations Inc., which will provide $3.5 million of the cost. The 1.2 megawatt fuel cell will be manufactured by FuelCell Energy, Inc. (Nasdaq:FCEL), of Danbury, CT, a leading manufacturer of ultra-clean power plants for commercial, industrial and utility customers.
Appalachian Bancshares Inc. Launches Service in Dalton, Georgia
ELLIJAY, Ga., Aug. 20, 2007 (PRIME NEWSWIRE) -- Appalachian Bancshares Inc. (Nasdaq:APAB) today announced that it has received federal approval to launch service in Dalton, Ga., with the opening of a full-service banking center. A branch of Appalachian Community bank, the Dalton banking center will operate under the name Banco Fuerza, and will focus on serving the growing Hispanic population in Whitfield and Murray Counties.