latest news releases from the newsroom
TIX Corporation Responds to the Share Price Weakness
STUDIO CITY, Calif., Sept. 12, 2008 (GLOBE NEWSWIRE) -- Tix Corporation (Nasdaq:TIXC), a leading integrated entertainment company providing ticketing services, event merchandising and concert and theatrical productions, provided a statement regarding recent share price decline.
PricewaterhouseCoopers Launches Corporate Responsibility Commitment At Inaugural ServiceNation Summit
NEW YORK, Sept. 12, 2008 (GLOBE NEWSWIRE) -- PricewaterhouseCoopers LLP launched its corporate responsibility commitment at the inaugural ServiceNation Summit, which brought together 500 leaders from universities, foundations, business and politics to celebrate the power and potential of citizen service. Community service and volunteerism is central to PwC's corporate responsibility program. The firm donated 96,000 hours to volunteerism in fiscal year 2008, worth an estimated $19 million. Beginning this year, the 31,000 U.S. employees will receive an additional 10 hours of paid time off to volunteer in their communities for their personal causes and charities.
SIGA Technologies, Inc.
NIH Funds SIGA Dengue Antiviral Program
NEW YORK, Sept. 12, 2008 (GLOBE NEWSWIRE) -- SIGA Technologies, Inc. (Nasdaq:SIGA), a company specializing in the development of pharmaceutical agents to fight biowarfare pathogens and emerging human health threats, today announced the receipt of a Small Business Innovation Research Advanced Technology Phase I grant from the National Institute of Allergy and Infectious Disease (SBIR-AT-NIAID). NIAID is part of the National Institutes of Health (NIH), and its grants are typically given to high-priority NIH programs.
Yadkin Financial Corporation
Crescent Financial Corporation has No Investment in Fannie Mae or Freddie Mac Stock
CARY, N.C., Sept. 12, 2008 (GLOBE NEWSWIRE) -- On September 7, 2008, the United States Department of Treasury and the Federal Housing Finance Agency ("FHFA") announced that Freddie Mac and Fannie Mae were being placed under conservatorship, that control of their management was being given to their regulator, the FHFA, and that Fannie Mae and Freddie Mac were prohibited from paying dividends on their common and preferred stock. As a result, the value of both common and preferred shares for both government sponsored enterprises (GSE) have been severely impaired. This impairment may result in "other than temporary impairment" write-downs during the third quarter for those financial institutions that held these shares in their investment portfolios. Crescent Financial Corporation (Nasdaq:CRFN) and its wholly owned subsidiary Crescent State Bank did not invest in any equity shares of either GSE and therefore is not exposed to any potential charge to third quarter earnings.