latest news releases from the newsroom
Financial Institutions, Inc.
FII Announces Second Quarter Results
WARSAW, N.Y., July 24, 2008 (PRIME NEWSWIRE) -- Financial Institutions, Inc. (Nasdaq:FISI), the parent company of Five Star Bank, today announced financial results for the second quarter ended June 30, 2008. Net income for Financial Institutions, Inc. ("FII" or "Company") was $1.6 million, or $0.12 per diluted share, compared with $3.8 million, or $0.31 per diluted share for the first quarter of 2008 and $3.4 million, or $0.27 per diluted share, for the second quarter of 2007. For the first six months of 2008 net income was $5.4 million, or $0.43 per diluted share, compared with $7.1 million, or $0.56 per diluted share for the first six months of 2007.
QLogic Ships Full-Offload iSCSI Mezzanine Adapter for HP BladeSystem
ALISO VIEJO, Calif., July 24, 2008 (PRIME NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC), a leader in networking for storage and high performance computing (HPC), today announced a performance-enhanced iSCSI mezzanine adapter for HP BladeSystem c-Class servers. The fully integrated QLogic QMH4062 1GbE iSCSI Adapter for HP BladeSystem c-Class offers TCP/IP and iSCSI offload, iSCSI boot from a storage area network (SAN) and IPv6 compliance. It is pre-certified with a wide range of storage systems, including HP StorageWorks All-in-One systems, the HP StorageWorks Modular Smart Array (MSA2000i) family, the HP ProLiant Storage Server portfolio and the HP StorageWorks Enterprise Virtual Array iSCSI Connectivity Option. Customized to provide offload of iSCSI and TCP/IP processing for both Microsoft Windows and Linux environments, the dual-port QMH4062 allows users the flexibility of VMware ESX 3.5 and ESXi 3.5 host booting from an iSCSI SAN.
Momenta Pharmaceuticals Appoints Bruce A. Leicher as General Counsel
CAMBRIDGE, Mass., July 24, 2008 (PRIME NEWSWIRE) -- Momenta Pharmaceuticals, Inc. (Nasdaq:MNTA), a biotechnology company specializing in the characterization and engineering of complex drugs, today announced that Bruce A. Leicher, J.D. has been appointed as the Company's Senior Vice President and General Counsel.
Threshold Pharmaceuticals, Inc.
Dr. Herbert Hurwitz Joins Scientific Advisory Board At Threshold
REDWOOD CITY, Calif., July 24, 2008 (PRIME NEWSWIRE) -- Threshold Pharmaceuticals, Inc. (Nasdaq:THLD), today announced that Herbert Hurwitz, M.D. has joined the Company's Scientific Advisory Board (SAB). Dr. Hurwitz is an Associate Professor of Medicine at Duke University Medical Center and a medical oncologist at the Duke Comprehensive Cancer Center.
Tower Financial Corporation
Tower Financial Corporation Reports Earnings of $0.08 Per Share
FORT WAYNE, Ind., July 24, 2008 (PRIME NEWSWIRE) -- Tower Financial Corporation (Nasdaq:TOFC) today announced second quarter 2008 net income of $342,000, or $0.08 per diluted share, compared with net income of $217,000, or $0.05 per share, for the year-ago quarter. This brings year to date net income to $1.1 million, or $0.26 per diluted share, compared to year to date net income of $394,000, or $0.09 per share at June 30, 2007.
Tower Financial Corporation
Tower Financial Corporation Names Cahill President and CEO; Schenkel to Remain as Chairman
FORT WAYNE, Ind., July 24, 2008 (PRIME NEWSWIRE) -- Donald F. Schenkel, Chairman of Tower Financial Corporation (Nasdaq:TOFC), today announced that Tower's Board of Directors has appointed Michael D. Cahill as the corporation's President and Chief Executive Officer, effective August 1, 2008. As part of this planned succession, Donald F. Schenkel will remain as Chair of Tower Financial Corporation's Board, as well as Chair of Tower's two subsidiaries.