latest news releases from the newsroom
Magma Design Automation
Magma Design Automation Authorizes Common Share Repurchase Program
SAN JOSE, Calif., Feb. 21, 2008 (PRIME NEWSWIRE) -- Magma(r) Design Automation, Inc. (Nasdaq:LAVA), a provider of chip design software, today announced that its Board of Directors has approved a stock buy-back program authorizing Magma to purchase up to $20 million of its common stock. Any repurchases will be done on the open market at prevailing market prices or in privately negotiated transactions from time to time based upon market and business conditions. The buy-back program may be suspended or discontinued at any time, and will be funded using Magma's available cash.
Delta Air Lines, Inc.
Delta Air Lines Ranks High on Latin Trade's 'The Best of Latin America 2008'
ATLANTA, Feb. 21, 2008 (PRIME NEWSWIRE) -- Delta Air Lines (NYSE:DAL) once again won accolades from travelers who ranked Delta's cabin comfort and service, food and beverage service, ticketing and boarding process and SkyMiles frequent flyer program among the best in the industry. In a survey, readers of Latin Trade magazine ranked Delta as the top U.S. carrier to Latin America and second overall on the magazine's list.
Furniture Brands International
Furniture Brands International Confirms Receipt of Letter From Sun Capital
ST. LOUIS, Feb. 21, 2008 (PRIME NEWSWIRE) -- Furniture Brands International (NYSE:FBN) today confirmed that it has received an unsolicited letter from Sun Capital Securities Group, LLC, expressing an interest in acquiring all outstanding shares of Furniture Brand's common stock. The letter from Sun Capital is non-binding, does not include an offer price for the shares, and contains numerous caveats including due diligence, and therefore does not provide the company's Board of Directors with any meaningful basis upon which to evaluate the letter.
Express Scripts, Inc.
Express Scripts Reports a 42 Percent Increase in Full-Year 2007 Adjusted Earnings Per Share
ST. LOUIS, Feb. 21, 2008 (PRIME NEWSWIRE) -- Express Scripts, Inc. (Nasdaq:ESRX) announced fourth quarter net income of $138.5 million, or $0.54 per diluted share. Excluding non recurring items in both years, earnings per diluted share was a record $0.68, a 33 percent increase over $0.51 per diluted share 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. Cash flow from operations for the fourth quarter was a record $329.0 million compared to $306.0 million for the same period last year.
Independent Bank Corp.
Independent Bank Corp. CEO Christopher Oddleifson to Present At KBW Regional Bank Conference
ROCKLAND, Mass., Feb. 21, 2008 (PRIME NEWSWIRE) -- Christopher Oddleifson, President and Chief Executive Officer, and Denis K. Sheahan, Chief Financial Officer and Treasurer, of Independent Bank Corp. (Nasdaq:INDB), will present at the Keefe, Bruyette & Woods (KBW) Regional Bank Conference on Wednesday, February 27, 2008 at 2:30 p.m. The Conference will take place at The Langham Hotel Boston, 250 Franklin Street, Boston, Massachusetts 02110.