latest news releases from the newsroom
GenTek Inc. Reports Third Quarter 2007 Results
PARSIPPANY, N.J., Nov. 9, 2007 (PRIME NEWSWIRE) -- GenTek Inc. (Nasdaq:GETI) today announced results for the third quarter ended September 30, 2007. For the third quarter of 2007, GenTek had revenues totaling $151.3 million and operating profit of $20.4 million, after a $10.1 million gain on disposition of long term assets, a $1.7 million restructuring and impairment charge and a $2.6 million gain from curtailment of post retirement benefits. This compares to revenues of $158.5 million and operating profit of $13.8 million in the prior-year period, after a $0.2 million gain on disposition of long term assets and restructuring and impairment charges of $0.2 million. The increase in year over year operating profit is due to gains on the sale of surplus real estate combined with continued strong performance from the chemicals segment. The Company recorded income from continuing operations of $8.6 million, or $0.75 per diluted share, compared to income from continuing operations of $4.3 million, or $0.38 income per diluted share, in the third quarter of 2006.
Lockridge Grindal Nauen P.L.L.P.
Lockridge Grindal Nauen P.L.L.P. Seeks to Recover Losses for Investors Who Purchased Countrywide Capital V Preferred Stock -- CFC
MINNEAPOLIS, Nov. 9, 2007 (PRIME NEWSWIRE) -- Lockridge Grindal Nauen P.L.L.P. has filed a class action suit in the United States District Court for the Central District of California against Countrywide Capital V ("CCV") (NYSE:CFC-PB), and Countrywide Financial Corporation ("Countrywide" or the "Company") (NYSE:CFC) and certain of Countrywide's officers and directors that alleges violations of Sections 11, 12 and 15 of the Securities Act of 1933, on behalf of all persons or entities who purchased the preferred stock CCV pursuant and/or traceable to the Company's Registration Statement and Prospectus (collectively, the "Registration Statement") issued in connection with its November 1, 2006 initial public offering ("IPO"), through August 9, 2007.
The NASDAQ OMX Group, Inc.
NASDAQ Announces End-of-Month Open Short Interest Positions in NASDAQ Stocks as of Settlement Date October 31, 2007
NEW YORK, Nov. 9, 2007 (PRIME NEWSWIRE) -- At the end of the settlement date of October 31, 2007, short interest in 2,690 NASDAQ Global Market(sm) securities totaled 7,831,259,102 shares compared with 7,727,423,839 shares in 2,694 Global Market issues reported for the prior settlement date of October 15, 2007. The end-of-October short interest represents 3.52 days average daily NASDAQ Global Market share volume for the reporting period, compared with 4.21 days for the prior reporting period.