latest news releases from the newsroom
Putnam County Savings Bank
CMS Bancorp, Inc. Announces Application to Participate in the Treasury 'TARP' Program, a Second 5 Percent Stock Repurchase and September 30, 2008 Fiscal Year End Results
WHITE PLAINS, N.Y., Nov. 14, 2008 (GLOBE NEWSWIRE) -- CMS Bancorp, Inc. (Nasdaq:CMSB) (the "Company") parent of Community Mutual Savings Bank, announced that the Company's Board of Directors has approved the application filing for $3.2 million of preferred stock funding under the U.S. Treasury Department Emergency Economic Stabilization Act and a second 5% Stock Repurchase Plan which authorizes the Company to buy back up to 93,715 shares of the outstanding stock of the Company. The buy back will be administered as a 10b5-1 plan by Stifel Nicolaus, the Company's investment banker; however, there is no guarantee as to the exact number of shares which may be repurchased by the Company or the timing of any such repurchases.
Precision Castparts Corp.
Precision Castparts Declares Dividend At Quarterly Board Meeting
PORTLAND, Ore., Nov. 14, 2008 (GLOBE NEWSWIRE) -- The board of directors of Precision Castparts Corp. (NYSE:PCP) has declared a quarterly cash dividend of three cents ($0.03) on the company's common stock payable on December 29, 2008, to shareholders of record at the close of business on December 5, 2008.
Leading Brands, Inc.
Leading Brands, Inc. Announces Shareholder Approval of Reverse Stock Split
VANCOUVER, B.C., Nov. 14, 2008 (GLOBE NEWSWIRE) -- Leading Brands, Inc. (Nasdaq:LBIX), North America's only fully integrated healthy beverage company, today announced that its shareholders overwhelmingly approved a consolidation of the Company's common shares, also known as a reverse stock split at an extraordinary general meeting held at 1:00 PM Eastern time today. With almost 74% of eligible votes being cast, shareholders voted more than 82% in favor of the principal consolidation resolution with the other two resolutions also passing by a sizeable margin.
Vertical Branding, Inc.
Vertical Branding Announces 3rd Quarter 2008 Financial Results
LOS ANGELES, Nov. 14, 2008 (GLOBE NEWSWIRE) -- Vertical Branding, Inc. (OTCBB:VBDG) announced third quarter financial results today, including its second consecutive quarter of year-over-year revenue growth and positive Adjusted EBITDA.
Allianz Global Investors Fund Management LLC
Allianz Global Investors Fund Management Announces a Change to the Portfolio Management Teams of Nicholas-Applegate Equity & Convertible Income Fund and Nicholas-Applegate Global Equity & Convertible & Income Fund
NEW YORK, Nov. 14, 2008 (GLOBE NEWSWIRE) -- Allianz Global Investors Fund Management LLC ("AGIFM"), investment manager to Nicholas-Applegate Equity and Convertible Income Fund (NYSE:NIE) and Nicholas-Applegate Global Equity & Convertible Income Fund (NYSE:NGZ) (collectively, the "Funds") announced today a change to the portfolio management teams of the respective Funds effective as of September 5, 2008. Horacio A. Valeiras, CFA, a member of the Funds' portfolio management team since inception, will no longer be responsible for the day-to-day portfolio management of the Funds but will continue to provide investment oversight to the Funds. As the Chief Investment Officer of Nicholas-Applegate Capital Management LLC ("NACM"), Mr. Valeiras will continue to oversee all investment and trading functions for NACM's investment portfolios, including the Funds.
OXiGENE Receives NASDAQ Notification
WALTHAM, Mass., Nov. 14, 2008 (GLOBE NEWSWIRE) -- OXiGENE, Inc. (Nasdaq:OXGN), a clinical-stage biopharmaceutical company developing novel therapeutics to treat cancer and eye diseases, reported that the NASDAQ Stock Market, Inc. has notified the Company that it does not comply with the $10,000,000 minimum stockholders' equity requirement for continued listing on the NASDAQ Global Market set forth in NASDAQ Marketplace Rule 4450(a)(3). NASDAQ is reviewing OXiGENE's eligibility for continued listing on The NASDAQ Global Market and, to facilitate this review, has requested that the Company provide NASDAQ with its plan to achieve and sustain compliance with all listing requirements by November 26, 2008. If, after the conclusion of its review, NASDAQ determines that the Company has not presented a definitive plan to achieve and sustain compliance, the Company anticipates that it would seek to transfer the listing of its common stock to the NASDAQ Capital Market, and would remain listed on the Stockholm Stock Exchange.