latest news releases from the newsroom
Southcoast Financial Corporation
Southcoast Announces Stock Buy Back
MT. PLEASANT, S.C., July 25, 2007 (PRIME NEWSWIRE) -- Southcoast Financial Corporation (Nasdaq:SOCB) announced today that its Board of Directors has authorized the repurchase of up to ten percent of its common stock currently outstanding. This ten percent repurchase authorization will be adjusted to give effect to any stock dividends the Company might distribute before the authorization terminates on July 25, 2008 (though there is no assurance that any such dividends will be declared). Purchases will be in the open market and block trades will be permitted, all in accordance with Rule 10b-18 under the Securities Exchange Act of 1934. Purchases will be transacted through one or more brokerage firms determined by the Company's management. This repurchase authorization is in addition to the ten percent repurchase authorization declared on January 19, 2007. The previous repurchase authorization will also be adjusted to give effect to any stock dividends the Company distributes before the authorization terminates on January 19, 2008, including the 10% stock dividend declared on May 4, 2007. The Company has repurchased 547,194 shares of its common stock pursuant to the January 19, 2007 repurchase authorization.
Quanex Building Products Corporation
Quanex Corporation Quarterly Update - Fiscal Third Quarter 2007
HOUSTON, July 25, 2007 (PRIME NEWSWIRE) -- Quanex Corporation (NYSE:NX), an industry-leading manufacturer of value-added engineered materials and components for the vehicular products and building products markets, announced today that it expects to report fiscal third quarter 2007 diluted earnings per share from continuing operations in a range of $0.94 to $0.98, which includes an estimated $0.03 per share non-cash LIFO charge. The Company expects to announce results on August 28, 2007. Previous guidance for the quarter was $0.90 to $0.98 per diluted share which included an estimated non-cash LIFO charge of $0.03 per share.
CAI International, Inc. Reports Results for the Second Quarter of 2007
SAN FRANCISCO, July 25, 2007 (PRIME NEWSWIRE) -- CAI International, Inc. (CAI) (NYSE:CAP) reported that net income in the second quarter of 2007 increased $0.5 million, or 13.3%, to $4.1 million, compared with net income of $3.6 million in the second quarter of 2006. CAI's basic earnings per share in the second quarter of 2007 increased 52.6% to $0.29 with 14.0 million average shares outstanding, compared with basic earnings per share of $0.19 with 21.2 million average shares outstanding in the second quarter of 2006. Fully diluted earnings per share in the second quarter of 2007 increased 35.3% to $0.23 with 17.1 million average shares outstanding, compared to fully diluted earnings per share of $0.17 with 21.7 million average shares outstanding in the second quarter of 2006.
Nalco and Keystone Nano Announce Joint Nanotechnology Development Venture
NAPERVILLE, Ill., July 25, 2007 (PRIME NEWSWIRE) -- Nalco Company (NYSE:NLC), the leading global provider of integrated water treatment and process improvement services, chemicals and equipment programs for industrial and institutional applications, and Keystone Nano, a nanotechnology development company in State College, Pennsylvania, announced the formation of a joint venture company, NanoSpecialties, LLC. The new company will create new products with nano-features for industrial markets.
Andrews Space, Inc.
Andrews Space Expands Facilities and Capabilities
SEATTLE, July 25, 2007 (PRIME NEWSWIRE) -- Andrews Space, Inc. recently expanded its Seattle corporate offices and development facilities to 26,300 square feet of office space to support new business and significant growth in the aerospace market. The expansion of the company's collaborative design, management, and corporate support facilities from the 505 Union Station building into the neighboring 605 Union Station building accommodates the company's staff of over 80 people, representing a two-fold increase since 2006.