latest news releases from the newsroom
MMC Energy, Inc.
MMC Energy, Inc. Announces Sale of Equipment
NEW YORK, Nov. 26, 2008 (GLOBE NEWSWIRE) -- MMC Energy, Inc. (Nasdaq:MMCE) announced today that it signed a definitive agreement to sell its membership interest in MMC Escondido II, LLC (the "Membership Interest"), a wholly-owned subsidiary whose only asset is an agreement to acquire a General Electric LM6000 PC Sprint(r) turbine, for $15.3 million to an affiliate of Wellhead Electric Company, Inc. The Company continues to own all other assets related to the Escondido peaking facility, including the permit to upgrade that facility.
Versant Announces Fourth Quarter Conference Call
REDWOOD CITY, Calif., Nov. 26, 2008 (GLOBE NEWSWIRE) -- Versant Corporation (Nasdaq:VSNT) today announced the date and time for its fourth quarter 2008 results by teleconference. Please join Versant management on Thursday, December 4, 2008. The details for the call are as follows:
Khang & Khang LLP
Khang & Khang LLP Investigating KV Pharmaceutical Company On Behalf of Shareholders
LOS ANGELES, Nov. 26, 2008 (GLOBE NEWSWIRE) -- Khang & Khang LLP today announced it is investigating potential claims against KV Pharmaceutical Company ("KV Pharmaceutical" or the "Company")(NYSE:KV-A) (NYSE:KV-B) concerning possible securities violations arising from public statements made by the Company between February 15, 2008 and November 12, 2008. The investigation pertains to allegations that certain public statements made by the Company during that period failed to disclose, among other things, violations of Food and Drug Administration regulations and other compliance matters and management misconduct.
Buy.Com(r) Announces Exclusive Holiday Promotion
ALISO VIEJO, Calif., Nov. 26, 2008 (GLOBE NEWSWIRE) -- Buy.com(r), the Internet Superstore(tm), today launched an exclusive holiday promotion with leading online payment service provider PayPal. Starting today, shoppers who use PayPal to make purchases on Buy.com will receive up to $20.00 off Buy.com's already-low prices and free shipping.
NewStar Financial, Inc.
NewStar Financial Announces Changes to Board of Directors
BOSTON, Nov. 26, 2008 (GLOBE NEWSWIRE) -- NewStar Financial, Inc. (Nasdaq:NEWS) announced today that its Board of Directors has appointed Brian Fallon to the board effective immediately and that Mark Gormley resigned from the board effective November 21, 2008.
Beacon Federal Bancorp, Inc.
Beacon Federal Bancorp, Inc. Announces a Quarterly Dividend
EAST SYRACUSE, N.Y., Nov. 26, 2008 (GLOBE NEWSWIRE) -- Ross J. Prossner, President and Chief Executive Officer of Beacon Federal Bancorp, Inc. (Nasdaq:BFED), today announced that the Board of Directors of the Company has declared a quarterly cash dividend of $0.04 per share of the Company's common stock. The dividend reflects an annual cash dividend rate of $0.16 per share. The dividend will be payable to stockholders of record as of December 12, 2008, and is expected to be paid on December 22, 2008.
Team Financial, Inc.
Team Financial, Inc. Receives Nasdaq Staff Deficiency Letter
PAOLA, Kan., Nov. 26, 2008 (GLOBE NEWSWIRE) -- Team Financial, Inc. (Nasdaq:TFIN) today announced that it received a Nasdaq Staff Deficiency Letter on November 20, 2008 indicating that the Company fails to comply with the reporting requirements for continued listing set forth in Marketplace Rule 4310(c)(14) as a result of not filing the Company's periodic report on Form 10-Q timely. The Company expects to file the 10-Q in the near future.