latest news releases from the newsroom
Holzer Holzer & Fistel, LLC
Holzer Holzer & Fistel, LLC Announces Investigation Into First Marblehead Corporation
ATLANTA, April 10, 2008 (PRIME NEWSWIRE) -- Holzer Holzer & Fistel, LLC is investigating possible securities law violations by First Marblehead Corporation (or the "Company") (NYSE:FMD). The investigation centers on whether the Company issued false and misleading statements to the public related to the accuracy of its financial reporting regarding student loan default rates.
Dimond Kaplan & Rothstein, P.A.
Dimond Kaplan & Rothstein, P.A. is Investigating YieldPlus Funds Sold by Charles Schwab
MIAMI, Fla., April 10, 2008 (PRIME NEWSWIRE) -- The securities law firm of Dimond Kaplan & Rothstein, P.A. (http://www.dkrpa.com) announced today that it is investigating investor claims involving investment losses in the following Charles Schwab ultra-short bond funds: the Schwab YieldPlus Fund Investor Shares (Symbol:SWYPX) and the Schwab YieldPlus Fund - Select Shares (Symbol: SWYSX). Charles Schwab marketed its YieldPlus funds as safe investments that would provide "higher potential returns than money market funds, with only marginally higher risk." But the YieldPlus mutual funds have decreased in value by 25% during the first quarter of 2008. That performance is far worse than the performance of money market funds and other ultra-short bond mutual funds during the same period.
Hooper Holmes, Inc.
Hooper Holmes Names Roy Bubbs President and CEO, Benjamin Currier Continues as Chairman
BASKING RIDGE, N.J., April 10 -- Hooper Holmes (Amex: HH) today announced that Roy H. Bubbs has been appointed President and Chief Executive Officer and that Benjamin A. Currier will continue as Chairman of the Board of Directors. Mr. Bubbs, who has been a member of the Board since May 30, 2007, had been named to the position of President and CEO on an interim basis on February 6, 2008.
Moore-Handley Reports Results of Operations for the Quarter Ended March 31, 2008
BIRMINGHAM, Ala., April 10, 2008 (PRIME NEWSWIRE) -- Moore-Handley, Inc. (Pink Sheets:MHCO), a Birmingham-based distributor of hardware and home center products, reported net income of $49,000, or $0.03 per diluted share, for the quarter ended March 31, 2008, vs. $310,000, or $0.19 per diluted share, for the same period in 2007.