latest news releases from the newsroom
Cree Licenses GaN Substrate Technology to Mitsubishi Chemical Corporation
DURHAM, N.C., Jan. 15, 2009 (GLOBE NEWSWIRE) -- Cree, Inc. (Nasdaq:CREE), a market leader in LED lighting, announces that it has entered into an exclusive patent license agreement, subject to some exceptions, with Mitsubishi Chemical Corporation (MCC). Under the agreement, MCC has been given the right to manufacture and sell freestanding GaN substrates and the right to enter into similarly-scoped sublicenses, subject to certain conditions. Over the life of the agreement, Cree will receive a combination of guaranteed payments and royalties on the sale of GaN substrates.
XOMA Announces Workforce Reduction
BERKELEY, Calif., Jan. 15, 2009 (GLOBE NEWSWIRE) -- XOMA Ltd. (Nasdaq:XOMA) announced that it will reduce its workforce by approximately 42 percent or 144 employees, a majority of which are in manufacturing. The company expects an annualized reduction of $27 million in cash expenditures when changes are completed in 2Q 2009. The Company remains staffed with 197 employees to develop XOMA 052, its anti-inflammatory antibody drug candidate for the treatment of Type 2 diabetes, develop and license technology and continue fully funded antibody discovery and development with its pharmaceutical partners in collaborations and the U.S. government in biodefense.
The Shuman Law Firm
The Shuman Law Firm Investigates Thinkorswim Group, Inc.
BOULDER, Colo., Jan. 15, 2009 (GLOBE NEWSWIRE) -- Advertising Material -- The Shuman Law Firm today announced that it is investigating potential breaches of fiduciary duty in connection with the proposed acquisition of Thinkorswim Group, Inc. ("Thinkorswim" or the "Company") (Nasdaq:SWIM).
The Shuman Law Firm
The Shuman Law Firm Investigates Aladdin Knowledge Systems, Ltd.
BOULDER, Colo., Jan. 15, 2009 (GLOBE NEWSWIRE) -- The Shuman Law Firm today announced that it is investigating potential breaches of fiduciary duty in connection with the proposed acquisition of Aladdin Knowledge Systems, Ltd. ("Aladdin" or the "Company") (Nasdaq:ALDN).
PremierWest Bancorp Declares $0.01 Per Share Cash Dividend and 5 Percent Stock Dividend
MEDFORD, Ore., Jan. 15, 2009 (GLOBE NEWSWIRE) -- Jim Ford, President and Chief Executive Officer of PremierWest Bancorp (Nasdaq:PRWT) announced this morning that the Board of Directors has declared a $0.01 per share quarterly cash dividend and a 5% stock dividend. The dividend will be paid on February 17, 2009 to PremierWest Bancorp shareholders of record as of January 30, 2009. The 5% stock dividend will be issued on April 15, 2009 to shareholders of record as of March 31, 2009.
Vostok New Ventures Ltd.
Vostok Nafta: PROSPECTUS REGARDING RIGHTS ISSUE NOW AVAILABLE
This information is not for release, publication or distribution, directly or
indirectly, in or into the United States, Australia, Canada, Hong Kong or Japan
Vostok Nafta Investment Ltd (“Vostok Nafta”) has today made available the
prospectus regarding the previously communicated rights issue. The prospectus
is available at Vostok Nafta’s web site www.vostoknafta.com. The prospectus can
also be requested free of charge from Vostok Nafta, Hovslagargatan 5, SE-111 48