latest news releases from the newsroom
Nalco Holding Company Declares Quarterly Dividend
NAPERVILLE, Ill., May 3, 2007 (PRIME NEWSWIRE) -- Nalco Holding Company (NYSE:NLC), the leading global provider of integrated water treatment and process improvement services, chemicals and equipment programs for industrial and institutional applications, announced today that the Company's Board of Directors has declared a quarterly cash dividend payment of 3.5 cents per share payable on July 2, 2007, to shareholders of record on June 15, 2007.
Old National Bancorp
Third Party Tender Offer for ONB Capital Trust II Trust Preferred Securities
EVANSVILLE, Ind., May 3, 2007 (PRIME NEWSWIRE) -- Bear, Stearns & Co. Inc. today, launched a cash tender offer for any and all of the outstanding 8.00% Trust Preferred Securities (the "TRUPS") issued by ONB Capital Trust II ("ONB Trust II") (NYSE:ONBprB). The TRUPS are fully, irrevocably and unconditionally guaranteed by Old National Bancorp (NYSE:ONB). Neither Old National nor ONB Trust II is making any recommendation as to whether holders of the TRUPS should tender the TRUPS in response to the tender offer and no one has been authorized by either of them to make such a recommendation. Holders of TRUPS must make their own decisions as to whether to tender TRUPS.
Zecotek Photonics Inc.
Zecotek Subsidiary Announces US$800,000 Laser Contract With Government of India
VANCOUVER, British Columbia, May 3, 2007 (PRIME NEWSWIRE) -- Zecotek Medical Systems Inc. (TSX-V:ZMS) (Frankfurt:W1I.F) today announced that an agency of the Government of India has signed a purchase agreement to acquire over US$800,000 worth of laser products and services. Under the agreement Tekhnoscan JS Company (Tekhnoscan), whose product portfolio and intellectual property were recently acquired by Zecotek's subsidiary Zecotek Laser Systems Pte. Ltd., will supply lasers and consulting services. Tekhnoscan was selected from a group of world leading laser developers who applied for the Government of India contract. The delivery of lasers products and consulting services will be concluded within Zecotek's fiscal year ending July 31, 2007 with all revenue flowing to Zecotek Laser Systems.
Bassett Furniture Industries, Inc.
Bassett Declares Dividend
BASSETT, Va., May 3, 2007 (PRIME NEWSWIRE) -- Bassett Furniture Industries Inc. (Nasdaq:BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $.20 per share payable on June 1, 2007, to shareholders of record on May 16, 2007.
NewStar Financial, Inc.
NewStar Reports First Quarter Results
BOSTON, May 3, 2007 (PRIME NEWSWIRE) -- NewStar Financial, Inc. (Nasdaq:NEWS) today reported adjusted net income for the first quarter of 2007 of $0.2 million, or adjusted earnings of $0.01 per diluted share. On a GAAP basis, the company reported a net loss of $2.4 million, or $0.07 per diluted share. Positive operating results were offset by a $14.9 million pre-tax charge ($9.0 million after-tax) to recognize impairment in the company's residential mortgage-backed securities portfolio ("RMBS").