latest news releases from the newsroom
Turnpoint Solutions, LLC
Turnpoint Solutions Appoints Debbie O'Brien to VP of Operations
ATLANTA, July 23, 2008 (PRIME NEWSWIRE) -- Turnpoint Solutions, LLC, a leading provider of business and process driven IT consultancy services for the mining, transportation, and utility industries, announced today that Debbie O'Brien has recently been appointed Vice President of Operations.
Heritage Oaks Bancorp
Heritage Oaks Bancorp Reports Second Quarter Results, Net loans Grew 44 Percent, Core Deposits Increased 33 Percent and a Second Quarter ALLL Provision of $2.8 Million
PASO ROBLES, Calif., July 23, 2008 (PRIME NEWSWIRE) -- Heritage Oaks Bancorp (Nasdaq:HEOP), the parent company of Heritage Oaks Bank, today reported earnings for the second quarter of 2008. After a $2.8 million provision for loan losses, Heritage Oaks earned $691,000, or $0.09 per diluted share for the second quarter, compared to $1.8 million, or $0.26 per diluted share, in the second quarter of 2007. For the first six months of 2008, net income was $2.4 million, or $0.30 per diluted share, compared to $3.3 million, or $0.47 per diluted share, in the first six months of 2007. The earnings per share calculation is impacted by both the decrease in earnings for the quarter as well as the October 2007 acquisition of Business First National Bank of Santa Barbara, in which, Heritage Oaks Bank issued 850,213 shares, resulting in an 11.4% increase in the number of average diluted shares outstanding compared to the second quarter of 2007.
Targa Resources Partners LP
Targa Resources Partners LP Announces a 23 Percent Increase in Quarterly Distribution in Part Related to An Updated Hedging Program
HOUSTON, July 23, 2008 (PRIME NEWSWIRE) -- Targa Resources Partners LP (Nasdaq:NGLS) ("Targa Resources Partners" or the "Partnership") announced today that the board of directors of its general partner (the "Board") has declared a quarterly cash distribution of 51.25 cents per common and subordinated unit, or $2.05 per common and subordinated unit on an annualized basis, for the second quarter of 2008. The approved distribution reflects increases of approximately 23% over the previous quarter's distribution and approximately 52% over the distribution for the second quarter of 2007. This cash distribution will be paid August 14, 2008 on all outstanding common and subordinated units to holders of record as of the close of business on August 4, 2008.
Rush Enterprises, Inc.
Rush Enterprises, Inc. Reports Second Quarter Results and Adopts Stock Repurchase Program
SAN ANTONIO, July 23, 2008 (PRIME NEWSWIRE) -- Rush Enterprises, Inc. (Nasdaq:RUSHA) (Nasdaq:RUSHB), which operates the largest network of heavy-duty and medium-duty truck dealerships in North America and a John Deere construction equipment dealership in Houston, Texas, today announced results for the second quarter ended June 30, 2008, and their intention to repurchase shares of the Company's common stock.
Lincoln Bancorp Announces Second Quarter Results
PLAINFIELD, Ind., July 23, 2008 (PRIME NEWSWIRE) -- Lincoln Bancorp (Nasdaq:LNCB) (the "Company"), the holding company of Lincoln Bank (the "Bank"), announced today that the Company's net income for the second quarter ended June 30, 2008 was $963,000, or $.19 for both basic and diluted earnings per share. This compares to net income in the second quarter of 2007 totaling $803,000, or $.16 for basic and $.15 for diluted earnings per share. Net income for the second three month period of 2007 included $165,000 or $.03 per share of after-tax income related to the strategic balance sheet restructuring where certain lower yielding securities and loans were sold and the proceeds reinvested. Net income for the second quarter of 2008 increased 50% compared to the adjusted net income of the same period of 2007.
JA Solar to Host Second Quarter 2008 Results Call Tuesday, August 12, 2008
HEBEI, China, July 23, 2008 (PRIME NEWSWIRE) -- JA Solar Holdings Co., Ltd. ("JA Solar", "the Company") (Nasdaq:JASO) today announced that it will hold a conference call with investors and analysts on Tuesday, August 12, 2008 at 8:00 am Eastern Time to discuss the Company's second quarter 2008 results.