latest news releases from the newsroom
Delta Air Lines, Inc.
Delta Reinstates Pilot Aviation Safety Action Program
ATLANTA, Jan. 28, 2009 (GLOBE NEWSWIRE) -- Delta Air Lines (NYSE:DAL) has signed a memorandum of understanding with the Air Line Pilots Association (ALPA) and the Federal Aviation Administration (FAA) to reinstate its Aviation Safety Action Program (ASAP) covering pre-merger Delta pilots. The revised program mirrors an existing Northwest Airlines pilot ASAP program.
MSB Financial Corp.
MSB Financial Corp. Announces Quarterly Results
MILLINGTON, N.J., Jan. 28, 2009 (GLOBE NEWSWIRE) -- MSB Financial Corp. (Nasdaq:MSBF) (the "Company"), the holding company for Millington Savings Bank (the "Bank"), reported net income of $133,000 for the three months ended December 31, 2008, compared to $234,000 for the quarter ended December 31, 2007, representing a decrease of $101,000 or 43.2%. For the six months ended December 31, 2008, the Company reported net income of $304,000, compared to net income of $360,000 for the six month period ended December 31, 2007, a decrease of $56,000 or 15.6%. Both reporting periods reflect expenses associated with the opening of the Bank's new Bernardsville location in late summer 2008, including increased FDIC insurance expense. Compensation expense also increased for both the three and six months ended December 31, 2008, compared to the same periods in 2007 as a result of the implementation of a stock option plan in May 2008, partially offset by the reversal of a portion of the accrued 401(k) plan expense in December 2007 due to a decrease in the Company's contribution rate. In addition, the Company incurred an unrealized loss of $41,000 on its trading securities portfolio for the quarter ended December 31, 2008.
TTI Team Telecom International Ltd.
TTI Telecom Announces Internal Investigation of Telesens Acquisition
ROSH HA'AYIN, Israel, Jan. 28, 2009 (GLOBE NEWSWIRE) -- TTI Team Telecom International Ltd. (Nasdaq:TTIL) ("TTI Telecom"), a global supplier of Operations Support Systems (OSS) to communications service providers, announced today that it has received a written complaint from Mr. Eduard Rubin, the former key shareholder of Telesens LLC, a Ukraine software house that was acquired by TTI Telecom in January 2008, alleging, among other things, that Mr. Moti Lipshes, an RBU (Region Business Unit) manager in TTI Telecom, who is also the son of Mr. Meir Lipshes, the Chairman and CEO of TTI Telecom, received improper commissions from Mr. Rubin with respect to the acquisition of Telesens.