latest news releases from the newsroom
James A. Dunlap Jr. & Associates LLC
The Law Firm of James A. Dunlap Jr. & Associates LLC Files Arbitration Claims Against Morgan Keegan for Losses Sustained in Morgan Keegan Bond Funds -- RHY, RMA, RMH, RSF, MKHIX, MKIBX, RHICX, RHIIX, RIBCX, and RIBIX
ATLANTA, Oct. 31, 2008 (GLOBE NEWSWIRE) -- The Law Firm of James A. Dunlap Jr. & Associates LLC (http://www.jamesdunlaplaw.com) announced that is has filed arbitration claims against Morgan Keegan & Company, Inc., with the Financial Industry Regulatory Authority's ("FINRA") Office of Dispute Resolution. The claims being filed are for losses sustained in the Regions Morgan Keegan Bond Funds (Stock Symbol: RHY, RMA, RMH, RSF, MKHIX, MKIBX, RHICX, RHIIX, RIBCX, RIBIX.).
Approach Resources Inc.
Approach Resources Inc. Schedules Third Quarter 2008 Conference Call for November 6, 2008
FORT WORTH, Texas, Oct. 31, 2008 (GLOBE NEWSWIRE) -- Approach Resources Inc. (Nasdaq:AREX) (the "Company") will host a conference call on Thursday, November 6, 2008 at 10:00 a.m. CST (11:00 a.m. EST) to discuss its third quarter 2008 financial and operating results. The Company plans to issue its third quarter 2008 results after the market closes on Wednesday, November 5, 2008.
Delta Air Lines, Inc.
Delta Announces New Officer Team
ATLANTA, Oct. 31, 2008 (GLOBE NEWSWIRE) -- Delta Air Lines (NYSE:DAL) today released to its 75,000 employees the following memo announcing leadership changes following the company's recent merger.
The Korea Fund, Inc.
The Korea Fund, Inc. Announces Adjournment of Annual Stockholder Meeting to November 5th, 2008
NEW YORK, Oct. 31, 2008 (GLOBE NEWSWIRE) -- The Board of the Korea Fund, Inc. (NYSE:KF) announced that the Annual Stockholder Meeting with respect to Proposal 2 of the latest proxy statement has been adjourned to Wednesday, November 5, 2008, at 10:00 a.m., Eastern time.
PIMCO Municipal Advantage Fund
PIMCO Municipal Advantage Fund Inc. Defers Action Under Discount Policy
NEW YORK, Oct. 31, 2008 (GLOBE NEWSWIRE) -- The Board of Directors of PIMCO Municipal Advantage Fund Inc. (the "Fund'') (NYSE:MAF), a closed-end management investment company, announced today that it has considered possible ways of providing liquidity at net asset value ("NAV") to common stockholders under the Fund's discount policy, which was adopted in February 2008, and has determined to defer action in light of current unprecedented market conditions. Under the discount policy, if the Fund's common shares trade at an average discount to NAV of greater than 0% over any calendar quarter beginning with the quarter ended September 30, 2008, the Board has committed to take action promptly, subject to its fiduciary obligations, to enable the Fund's common stockholders to realize NAV for their shares. For the quarter ended September 30, 2008, the Fund's common shares traded at an average discount to their NAV of approximately -2.45%.
Steiner Leisure Limited
Steiner Leisure Limited Receives Notice Pursuant to Nasdaq Marketplace Rule 4803(a)
NASSAU, Bahamas, Oct. 31, 2008 (GLOBE NEWSWIRE) -- Steiner Leisure Limited (Nasdaq:STNR) (the "Company") today announced that, due to the October 28, 2008 resignation of Charles D. Finkelstein from its board of directors, which resulted in the Company's board of directors being comprised of three directors who are "independent" as defined in Nasdaq Marketplace Rule 4200 and three directors who are not independent pursuant to that definition, the Company today received a notice from the Nasdaq Listing Qualifications Department, indicating that the Company no longer complies with Nasdaq's requirement as set forth in Marketplace Rule 4350, that a majority of the board of directors must be comprised of independent directors.
Credit Acceptance Corporation
Credit Acceptance Announces Third Quarter 2008 Earnings
SOUTHFIELD, Mich., Oct. 31, 2008 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq:CACC) (referred to as the "Company", "we", "our", or "us") announced consolidated net income of $20.7 million, or $0.67 per diluted share, for the three months ended September 30, 2008, compared to consolidated net income of $14.7 million, or $0.47 per diluted share, for the same period in 2007. For the nine months ended September 30, 2008 consolidated net income was $48.6 million, or $1.57 per diluted share, compared to consolidated net income of $42.4 million, or $1.36 per diluted share, for the same period in 2007.
Baseline Oil & Gas Corp.
Baseline Oil & Gas Restructures Past Due Obligations Under Its 12.5 Percent Senior Secured Notes
HOUSTON, Oct. 31, 2008 (GLOBE NEWSWIRE) -- Baseline Oil & Gas Corp. (the "Company") (OTCBB:BOGA) announced today that it successfully reached accommodation with the vast majority of its note holders with respect to its failure to repurchase the Company's outstanding 12.5% Senior Secured Notes due 2012 (the "Old Notes") on October 6, 2008. As previously announced, the Company failed to pay the holders of the Old Notes $118.45 million, constituting aggregate offer consideration and consent fees payable with respect to its August 8, 2008 Change of Control Offer to Purchase and Consent Solicitation.