latest news releases from the newsroom
MMC Energy, Inc.
MMC Energy, Inc. Reports Results For Quarter Ended September 30, 2008
NEW YORK, Nov. 14, 2008 (GLOBE NEWSWIRE) -- MMC Energy, Inc. (Nasdaq:MMCE) announced that for the three months ended September 30, 2008, it had a net loss of approximately $1.62 million, or $0.12 per share, compared to net income of approximately $0.7 million, or $0.05 per share, for the three months ended September 30, 2007. For the nine months ended September 30, 2008 the net loss was approximately $4.98 million compared to $1.66 million for the nine months ended September 30, 2007. Revenues for the three months ended September 30, 2008 were approximately $1.30 million compared to $2.75 million for the three months ended September 30, 2007. Revenues for the nine months ended September 30, 2008 were approximately $3.04 million compared to $5.36 million for the nine months ended September 30, 2007. The decrease in revenues from 2007 was due primarily to a $1 million settlement negotiated with the California Independent System Operators ("CAISO") relating to the Company's spinning reserve qualification which was charged directly against revenues and the cessation of spinning reserve ancillary services revenues in October 2007.
Port of Houston Authority
Photo Release -- Lanier Re-Appointed to Houston Port Commission
HOUSTON, Nov. 13, 2008 (GLOBE NEWSWIRE) -- The Port of Houston Authority (PHA) announced that Elyse Lanier has been re-appointed to serve as a member of the port authority's board of commissioners. The vote on November 4 by the Harris County Commissioners Court was unanimous. Commissioner Lanier was initially appointed to the port commission in February 2006 to fill an unexpired term. Port commissioners serve two-year terms without pay.
Scott+Scott LLP Files Class Action Lawsuit Against Elan Corporation, plc On Behalf of Investors -- ELN
NEW YORK, Nov. 13, 2008 (GLOBE NEWSWIRE) -- On November 13, 2008, Scott+Scott LLP filed a class action lawsuit against Elan Corporation, plc ("Elan'' or the "Company'') (NYSE:ELN) and certain officers and directors of the Company in the U.S. District Court for the Southern District of New York. The action is on behalf of those purchasing American Depository Receipts ("ADRs") of Elan during the period beginning June 17, 2008 through July 29, 2008, inclusive (the "Class Period''), for violations of the Securities Exchange Act of 1934.
Access Plans USA, Inc.
Access Plans USA, Inc. Announces Agreement to Merge With Alliance HealthCard, Inc.
IRVING, Texas, Nov. 13, 2008 (GLOBE NEWSWIRE) -- Access Plans USA, Inc. (Nasdaq:AUSA), a developer and nationwide distributor of quality affordable consumer driven healthcare programs, announced today that it has entered into a definitive agreement to merge with Alliance HealthCard, Inc., a national marketing company specializing in the distribution of a broad range of discount savings plans, including discount medical plans.
State Bancorp, Inc.
State Bancorp, Inc. Files $100 Million Shelf Registration Statement
JERICHO, N.Y., Nov. 13, 2008 (GLOBE NEWSWIRE) -- State Bancorp, Inc. (the "Company") (Nasdaq:STBC), parent company of State Bank of Long Island ("State Bank"), announced today that it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission ("SEC"). The shelf registration statement, when declared effective by the SEC, will allow the Company to raise capital from time to time, up to an aggregate of $100 million, through the sale of various types of securities. Specific terms and prices will be determined at the time of any offering under a separate prospectus supplement to be filed with the SEC at the time of each offering. Once declared effective by the SEC, the registration remains effective for three years and may be extended under certain circumstances. The registration statement covers various capital instruments that may be considered from time to time including common and preferred stock, warrants, and notes.
Northrop Grumman Corp.
Photo Release -- Northrop Grumman E-2D Advanced Hawkeye Completes Operational Assessment
BETHPAGE, N.Y., Nov. 13, 2008 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation's (NYSE:NOC) E-2D Advanced Hawkeye System has completed its Operational Assessment (OA), flying out of the Northrop Grumman East Coast Manufacturing and Flight Test Center in St. Augustine, Fla. With completion of OA, the flight test program has accumulated more than 600 flight hours, over half involving in-flight radar testing.
Dow Jones Indexes
Component Changes Made to Dow Jones and Dow Jones STOXX Select Dividend Indexes
NEW YORK, Nov. 13, 2008 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, and STOXX Ltd., the leading provider of European equity indexes, today announced component changes in the Dow Jones Global Select Dividend, Dow Jones STOXX Global Select Dividend 100, Dow Jones STOXX Select Dividend 30, Dow Jones EURO STOXX Select Dividend 30, Dow Jones EPAC Select Dividend, Dow Jones Asia/Pacific Select Dividend 30, Dow Jones Netherlands Select Dividend 15 and Dow Jones UK Select Dividend 20 indexes.