latest news releases from the newsroom
Delta Air Lines, Inc.
Delta and Northwest Merge, Creating Premier Global Airline
ATLANTA, Oct. 29, 2008 (GLOBE NEWSWIRE) -- Delta Air Lines, Inc. (NYSE:DAL) and Northwest Airlines, Inc. today merged, creating a premier global airline with service to nearly all of the world's major travel markets.
Financial Institutions, Inc.
Financial Institutions, Inc. Announces Third Quarter Results; Reports Net Loss of $28.4 Million After a Non-Cash OTTI Charge; Retains 'Well-Capitalized' Position
WARSAW, N.Y., Oct. 29, 2008 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (Nasdaq:FISI), the parent company of Five Star Bank, today reported a net loss of $28.4 million (or $2.68 diluted loss per share) for the quarter ended September 30, 2008, compared to net income of $5.3 million (or $0.44 diluted earnings per share) for the 2007 third quarter. For the nine months ended September 30, 2008, the Company's net loss totaled $23.0 million (or $2.22 diluted loss per share), compared to net income of $12.3 million (or $1.00 diluted earnings per share) for the comparable 2007 period.
Pride International, Inc.
Pride International, Inc. Provides Fleet Contract Status Update
HOUSTON, Oct. 29, 2008 (GLOBE NEWSWIRE) -- Pride International, Inc. (NYSE:PDE) today announced that its report of drilling rig status and contract information covering the company's fleet of offshore drilling rigs and its five drilling management projects has been updated as of October 29, 2008. The updated report, titled "Monthly Fleet Update," is available through the company's website at www.prideinternational.com and can be accessed at the Investor Relations link.
Holzer Holzer & Fistel, LLC
Holzer Holzer & Fistel, LLC Announces Investigation Into ANADIGICS, Inc.
ATLANTA, Oct. 29, 2008 (GLOBE NEWSWIRE) -- Holzer Holzer & Fistel, LLC is investigating possible violations of the federal securities law by ANADIGICS, Inc. ("ANADIGICS" or the "Company") (Nasdaq:ANAD). The investigation focuses on allegations that the Company failed to disclose it was experiencing manufacturing inefficiencies associated with increased production levels such that it would not be able to meet its stated guidance.
CoStar Group, Inc.
CoStar Group, Inc. Announces Third Quarter 2008 Results
BETHESDA, Md., Oct. 29, 2008 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (Nasdaq:CSGP), the number one provider of information/marketing services to the commercial real estate industry, today announced that its third quarter 2008 net income increased 104% to $6.6 million, or $0.34 per diluted share, compared to $3.3 million, or $0.17 per diluted share for the same period a year ago. EBITDA (earnings before interest, taxes, depreciation and amortization) for the third quarter of 2008 was $15.5 million, an increase of 95% compared to EBITDA of $8.0 million for the third quarter of 2007. Revenues for the third quarter of 2008 increased 9.0% to $53.8 million compared to $49.3 million for the third quarter of 2007. U.S. subscription revenue increased 1.2% from the second quarter to the third quarter of 2008.
Napoli Bern Ripka Shkolnik, LLP
Individual Investor That Lost $100,000 in the Yield Plus Fund Filed An Arbitration Claim Against Charles Schwab, Following $542,340 FINRA Arbitration Award, Senior Partners Paul J. Napoli and Marc Jay Bern of the Law Firm Napoli Bern Ripka Announce -- SCHW, SWYPX, SWYSX
NEW YORK, Oct. 29, 2008 (GLOBE NEWSWIRE) -- The law firm of Napoli Bern Ripka, LLP announced today that a claim was filed with FINRA (Financial Industry Regulatory Authority) against Charles Schwab & Co. The claim was filed on behalf of an investor who seeks $100,000 in damages for losses sustained in the Schwab YieldPlus Select Fund (SWYSX) (SWYPX).