latest news releases from the newsroom
FCStone Group, Inc.
FCStone Group, Inc. Completes Transfer of Energy Trading Account
KANSAS CITY, Mo., March 12, 2009 (GLOBE NEWSWIRE) -- FCStone Group, Inc. (Nasdaq:FCSX), an integrated commodity risk management firm, reported today that it has transferred to a third party substantially all of the positions and liability related to a previously-reported energy trading customer account which had experienced significant losses. The transfer of the positions eliminates all material future exposure of FCStone to the account, for which FCStone provided clearing and execution services on a third-party basis, and preserves FCStone's total available capital well in excess of regulatory requirements as FCStone moves forward.
MediciNova Sends Letter to Avigen Board of Directors
SAN DIEGO, March 12, 2009 (GLOBE NEWSWIRE) -- MediciNova, Inc., a biopharmaceutical company that is publicly traded on the Nasdaq Global Market (Nasdaq:MNOV) and the Hercules Market of the Osaka Securities Exchange (Code Number: 4875), today sent the following letter to the Board of Directors of Avigen, Inc.:
The Board of Directors of MSC.Software Names Ashfaq Munshi Interim CEO and President
SANTA ANA, Calif., March 12, 2009 (GLOBE NEWSWIRE) -- MSC.Software Corporation (Nasdaq:MSCS) today announced that the Board of Directors has named Ashfaq A. Munshi interim Chief Executive Officer and President of the Company. These actions followed the decision of William J. Weyand, Chairman and CEO and Glenn Weinkoop, President and COO to resign from MSC after four years. The Board of Directors also named current board members Donald Glickman and Robert A. Schriesheim to serve as non-executive co-chairmen, effective immediately.
P&F Industries, Inc.
P&F Industries to Report Results for the Year Ended December 31, 2008
MELVILLE, N.Y., March 12, 2009 (GLOBE NEWSWIRE) -- P&F Industries, Inc. (Nasdaq:PFIN), plans to release its results for the year ended December 31, 2008, before the market opens on Thursday, March 26, 2009. The company has scheduled a conference call for 11:00 a.m. Eastern time the same day.