latest news releases from the newsroom
Blue Dolphin Energy Company
Blue Dolphin Energy Company Reports Fourth Quarter and Year End Results
HOUSTON, March 13, 2009 (GLOBE NEWSWIRE) -- Blue Dolphin Energy Company (Nasdaq:BDCO) ("Blue Dolphin"), an independent oil and gas company with operations in the Gulf of Mexico, today reported financial results for the three and twelve month periods ended December 31, 2008.
Bank of Virginia
Bank of Virginia Announces Fourth Quarter and Year End Results for 2008
MIDLOTHIAN, Va., March 13, 2009 (GLOBE NEWSWIRE) -- Bank of Virginia (Nasdaq:BOVA) (www.bankofva.com) reported financial results for the fourth quarter and year ended 2008. The net loss for the fourth quarter of 2008 was $1.4 million and diluted loss per common share of $0.46. The primary reason for the loss was Management's decision to significantly increase allowance for loan losses in light of the continued deterioration of the economy. The net loss for the year-end was $1.3 million and diluted loss per common share of $0.43.
First Busey Corporation
First Busey Corporation Reports Revised 2008 Loss Due to Noncash Goodwill Impairment Recorded by Busey Bank, N.A.
URBANA, Ill., March 13, 2009 (GLOBE NEWSWIRE) -- First Busey Corporation ("Busey") (Nasdaq:BUSE) reported a revised December 31, 2008, full year loss of $37.9 million, or $1.06 per share. The revision is the result of a fourth quarter, noncash $22.6 million, or $0.63 per share, adjustment for impairment of goodwill, in accordance with Statement of Financial Accounting Standards 142 "Goodwill and Other Intangible Assets." Busey initially reported a 2008 loss of $15.3 million, or $0.43 per share, in its earnings release dated January 27, 2009.
Finkelstein Thompson LLP
Finkelstein Thompson LLP Announces Investigation of Life Sciences Research, Inc.
WASHINGTON, March 13, 2009 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is currently investigating possible shareholder claims arising from potential breaches of fiduciary duty by certain executives and directors of Life Sciences Research, Inc. (NYSE:LSR) in connection with the proposal by Andrew Baker, LSR's Chairman and Chief Executive Officer, to acquire all of the outstanding shares of LSR for a price of $7.50 per share pursuant to a letter dated March 3, 2009. The investigation is focused on the possible inadequacy of the consideration to be paid to the public shareholders as well as the potential unfairness of the procedures followed by the Board in connection with this proposal.
Chelsea Therapeutics Announces Information in Compliance With NASDAQ Marketplace Rule 4350
CHARLOTTE, N.C., March 13, 2009 (GLOBE NEWSWIRE) -- Chelsea Therapeutics International, Ltd. (Nasdaq:CHTP) announced today, pursuant to Nasdaq Marketplace Rule 4350, that the audit report contained in its Annual Report on Form 10-K for the year ended December 31, 2008, which was filed with the Securities and Exchange Commission (SEC) on March 4, 2009, contained a going concern qualification.
Robbins Umeda LLP
Robbins Umeda LLP Files Class Action Suit Against Oppenheimer Champion Income Fund -- OPCHX, OCHBX, OCHCX, OCHNX, OCHYX
SAN DIEGO, March 13, 2009 (GLOBE NEWSWIRE) -- Robbins Umeda LLP ("Robbins Umeda") announced today that a class action lawsuit has been filed in the United States District Court for the District of Colorado on behalf of purchasers of Oppenheimer Champion Income Fund, Inc. ("Champion Fund" or the "Fund") (Nasdaq:OPCHX) (Nasdaq:OCHBX) (Nasdaq:OCHCX) (Nasdaq:OCHNX) (Nasdaq:OCHYX) offered by OppenheimerFunds, Inc. ("OppenheimerFunds") between August 7, 2006 and December 9, 2008 (the "Class Period").
Nicholas-Applegate Equity & Convertible Income Fund
Nicholas-Applegate Equity & Convertible Income Fund Declares Quarterly Dividend of 28 Cents Per Share
NEW YORK, March 13, 2009 (GLOBE NEWSWIRE) -- The Board of Trustees of Nicholas-Applegate Equity & Convertible Fund (the "Fund") (NYSE:NIE), a diversified, closed-end management investment company which seeks total return comprised of capital appreciation, current income and gains, announced today that it has declared a quarterly dividend of $0.28 per share.