latest news releases from the newsroom
Meridian Bancorp, Inc.
Meridian Interstate Bancorp, Inc., Reports Results for the Three and Nine Months Ended
BOSTON, Oct. 28, 2008 (GLOBE NEWSWIRE) -- Meridian Interstate Bancorp, Inc. (the "Company" or "Meridian") (Nasdaq:EBSB), the holding company for East Boston Savings Bank, (the "Bank"), announced net income of $2.1 million for the quarter ended September 30, 2008, compared to a net loss of $303,000 for the quarter ended September 30, 2007. Net income per basic and diluted share for the third quarter of 2008 was $.10. The Company recorded a net pre-tax gain on sale of securities of $2.8 million for the 2008 third quarter, compared to a pre-tax loss on sale of securities of $860,000 during the comparable 2007 period.
Holzer Holzer & Fistel, LLC
Holzer Holzer & Fistel, LLC Announces Investigation Into the Purchase of Ashworth, Inc. by TaylorMade-Adidas Golf
ATLANTA, Oct. 28, 2008 (GLOBE NEWSWIRE) -- Holzer Holzer & Fistel, LLC is investigating possible violations of state law for, among other things, breaches of fiduciary duty in connection with a proposed buyout of Ashworth, Inc. ("Ashworth") (Nasdaq:ASHW) by TaylorMade-Adidas Golf. Under the agreement announced today, Ashworth shareholders would receive $1.90 per share in the deal, for a total purchase price of approximately $26.5 million.
Port of Houston Authority
PHA Commission Approves $6 Million for Electrical Energy and TWIC Escort Parking
HOUSTON, Oct. 28, 2008 (GLOBE NEWSWIRE) -- The Port Commission of The Port of Houston Authority (PHA) approved about $6 million in awards, including payment for additional electrical energy costs ($5.5 million) to Direct Energy, L.P., and establishment of a parking facility and expanded parking for visitors without TWICs ($535,950), as well as a Memorandum of Understanding with Galveston Bay Foundation to restore habitat in Burnett Bay, at its regular Oct. 28 meeting.
Greenlight Capital Re
Greenlight Capital Re to Release Third Quarter 2008 Results
GRAND CAYMAN, Cayman Islands, Oct. 28, 2008 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (Nasdaq:GLRE), a specialty property and casualty reinsurer based in the Cayman Islands, today announced that it will release financial results for the third quarter 2008 on Tuesday, November 4, 2008. A live conference call to discuss the financial results will be held on Wednesday, November 5, 2008 at 9:00 a.m. Eastern time.
Dow Jones Indexes
STOXX Ltd. to Adjust Volkswagen's Free-Float Factor in The Dow Jones STOXX Indexes
ZURICH, Switzerland, Oct. 28, 2008 (GLOBE NEWSWIRE) -- STOXX Ltd., the leading provider of European equity indexes, today announced changes to Volkswagen's (Germany, Automobiles & Parts, VLKAY; VOW.XE) free-float factor to 0.3732 from 0.4963. This decision reflects the changes in the shareholder structure of Volkswagen and results in a lower weighting of Volkswagen in the respective indexes. Indexes affected are the Dow Jones EURO STOXX 50, Dow Jones STOXX 600 Large, Dow Jones STOXX Total Market Large, Dow Jones STOXX Sustainability and its respective sub- and sector indexes. The adjustment will be effective as of the opening of trading on Friday, October 31, 2008.