latest news releases from the newsroom
First Horizon National Corporation
Photo Release -- First Horizon Announces Retirement of Chairman and CEO Ken Glass; Mike Rose to Assume Role of Chairman; Jerry Baker to Become CEO
MEMPHIS, Tenn., Jan. 29, 2007 (PRIME NEWSWIRE) -- First Horizon National Corp. (NYSE:FHN) announced today that J. Kenneth Glass, chairman of the board and chief executive officer, will retire effective April 17, 2007, the date of the company's annual meeting. Effective immediately, the board has named Michael D. Rose, 64, long-time First Horizon board member, chairman of the board. Also effective immediately, the company's chief operating officer, Jerry Baker, 63, was appointed chief executive officer and will join First Horizon's board of directors.
Legacy Reserves LP
Legacy Reserves LP Announces Quarterly Cash Distribution
MIDLANDS, Texas, Jan. 29, 2007 (PRIME NEWSWIRE) -- Legacy Reserves LP (Nasdaq:LGCY) today announced a cash distribution for the fourth quarter of 2006 of $0.41 per unit, or $1.64 on an annualized basis, payable on February 14, 2007 to unitholders of record at the close of business on January 10, 2007. The January 10, 2007 record date for this distribution precedes the January 18, 2007 closing of Legacy Reserves LP's initial public offering. Accordingly, as stated in Legacy Reserves LP's final prospectus dated January 11, 2007, holders of units purchased in the initial public offering are not entitled to receive any distribution attributable to the fourth quarter of 2006 with respect to the units purchased in the initial public offering.
Market News First
Monarch Gulf Exploration's CEO Discusses Oil and Gas Live on MN1.com
IRVING, Texas, Jan. 29, 2007 (PRIME NEWSWIRE) -- Robert E. Jorgensen, Chief Financial Officer and President of Monarch Gulf Exploration, Inc. (Pink Sheets:MGFX), will be featured live on Market News First (www.MN1.com) for an exclusive round table discussion on the oil and gas industry with MN1's Steve Kanaval. The discussion is scheduled for Tuesday, Jan. 30, 2007, at 4:00 p.m. CST.
Ener1 Says State of the Union Address Will Spur Development of Hybrid Electric Vehicles and New Battery Development
FORT LAUDERDALE, Fla., Jan. 29, 2007 (PRIME NEWSWIRE) -- Ener1, Inc. (OTCBB:ENEI), an alternative energy company, said today that President Bush's State of the Union address had focused the nation's attention firmly on the need to accelerate development of alternative energy resources especially within the American automobile industry. In his speech, President Bush emphasized the need to press ahead with battery research for plug-in electric and hybrid vehicles. He said the United States should set targets to reduce gasoline usage in the U.S. by 20 percent in the next ten years. In this way, he said, the U.S. might radically reduce its dependence on imported oil.