latest news releases from the newsroom
First Horizon National Corporation
Wall Street Journal Names Three FTN Midwest Securities Analysts Best On the Street
MEMPHIS, Tenn., May 22, 2007 (PRIME NEWSWIRE) -- The Wall Street Journal has named three analysts from FTN Midwest Securities Corp. in the Best on the Street ranking of analysts based on their stock-picking ability in 2006. FTN Midwest Securities analyst Chuck Cerankosky was the top stock-picker in the food and drug retailers category. In the category of bank stock-pickers, fellow FTN Midwest Securities analysts Jeff Davis ranked second and Mark Muth ranked fourth. FTN Midwest Securities is part of First Horizon National Corp. (NYSE:FHN) and a division of the corporation's FTN Financial Group.
Port of Houston Authority
PHA Commission Approves Bayport Projects
HOUSTON, May 22, 2007 (PRIME NEWSWIRE) -- The Port Commission of The Port of Houston Authority (PHA) approved more than $2 million in contract amendments and bids and proposals for projects related to the Bayport Terminal Complex Phase 1 at its regular May 22 meeting.
Fossil Group, Inc.
Fossil, Inc. Granted Stay by Nasdaq, Receives Additional Staff Determination Letter From Nasdaq
RICHARDSON, Texas, May 22, 2007 (PRIME NEWSWIRE) -- Fossil, Inc. (Nasdaq:FOSL) today announced that on May 18, 2007, the Company received notice from the Nasdaq Listing and Hearing Review Council (the "Council") indicating that the Council had called for review the April 24, 2007 decision of the Nasdaq Listing Qualifications Panel (the "Panel"). In addition, the Company received notice that the Council, pursuant to its discretionary authority under Nasdaq Marketplace Rule 4807(b), has also decided to stay the April 24, 2007 decision to suspend the Company's securities from trading, pending further action by the Council. The Council granted this stay in response to a request by the Company for the Council to review and stay the April 24, 2007 decision by the Panel to delist the Company's securities unless the Company, prior to May 21, 2007, became current in its periodic filings and had filed all required restatements. During the stay, the Company's shares will remain listed on the Nasdaq Global Select Market.
MetroCorp Bancshares Inc.
MetroCorp Announces Receipt of Non-Compliance Letter from NASDAQ
HOUSTON, May 22, 2007 (PRIME NEWSWIRE) -- MetroCorp Bancshares, Inc. (the "Company") (Nasdaq:MCBI) announced today that it received a NASDAQ Staff Deficiency Letter on May 21, 2007, indicating that a majority of the Company's board of directors was no longer comprised of independent directors as defined in Rule 4200 of the Marketplace Rules and accordingly, was no longer in compliance with Rule 4350(c)(1) of the Marketplace Rules. NASDAQ advised the Company that it was within the grace period to regain compliance and was not subject to delisting from the NASDAQ as a result of the deficiency unless it failed to fill the vacancy no later than May 4, 2008.
Transmeridian Exploration, Inc.
Transmeridian Exploration Appoints New Director
HOUSTON, May 22, 2007 (PRIME NEWSWIRE) -- Transmeridian Exploration Incorporated (AMEX:TMY) today announced that the Board of Directors has appointed Mr. Wolfgang Rupf, 64, to fill the vacancy on the Board created by the retirement of Dr. Fernando J. Zuniga y Rivero, effective as of the Company's annual meeting of stockholders on May 17, 2007. Mr. Rupf will serve on the Nominating & Governance Committee.
Optium to Speak at Cowen and Company's 35th Annual SMid-Cap Technology Conference
HORSHAM, Pa., May 22, 2007 (PRIME NEWSWIRE) -- Optium Corporation (Nasdaq:OPTM), a leading supplier of high-performance optical subsystems, today announced that Eitan Gertel, President and Chief Executive Officer, will speak at Cowen and Company's 35th Annual SMid-Cap Technology Conference on Thursday, May 31, 2007, at The New York Palace Hotel in New York City. The presentation is scheduled to begin at 11:05 a.m. Eastern Time.
Macatawa Bank Corporation
Macatawa Bank Corporation Declares Quarterly Cash Dividend
HOLLAND, Mich, May 22, 2007 (PRIME NEWSWIRE) -- Macatawa Bank Corporation (Nasdaq:MCBC) announced that its board of directors declared a quarterly cash dividend of thirteen cents ($.13) per share payable June 29, 2007, to shareholders of record on June 11, 2007. This cash dividend follows a 5% stock dividend to be paid May 30, 2007. Therefore the cash dividend represents a 5% increase over the first quarter 2007 cash dividend and a 14% increase over the second quarter of 2006 after considering the effect of the stock dividend.